Charles Payne

Earlier in the week, LoJack released its list of most-stolen cars, and for the fifth consecutive year, the Honda Accord topped the list as the most stolen and most recovered car, with the company's tracking equipment. Interestingly, only five of the makes on the list are among the top-ten sellers in America. What seems clear from the list is that there are two reasons and motivations for these thefts A) parts for those best-selling cars, and B) the need to style in the biggest ride on the road.

1. Honda Accord
2. Honda Civic
3. Toyota Camry
4. Toyota Corolla
5. Chevrolet Silverado
6. Acura Integra
7. Cadillac Escalade
8. Ford F-350
9. Nissan Altima
10. Chevrolet Tahoe

Which brings us to the new Google electric car unveiled this week, which can only be described as cute, but hardly designed for most Americans. In fact, if I were forced to sit in the compact two-seat ride, it would best be described as a confession booth - an updated tool, not unlike something used during the Spanish Inquisition. Yet there is a ton of excitement over this, the first of many iterations of what will one day be commonplace.

Look Ma...No Hands!

Just think of all the productivity we could squeeze out of the day not having to worry about traffic. Think of the stress-relief and absence of road rage. The whole thing is like a dream come true being chauffeured around. Nevertheless, it will be one more skill that will slowly fade from humans, like remembering phone numbers. In fact, the smarter machines become the dumber we become. Still, we gleefully welcome all innovations with open arms...even when they come with limited leg space.

We can feel like we did the very first time we rode a bicycle, and had the confidence to cry out to our parents to watch: "Look, Ma! No hands!"

All joking aside, this is turning out to be an exciting week for technology in general.

Real Companies...Real Potential

The week began with Work Day (WDAY) posting earnings that beat the Street and sparked excitement missing from the stock after it joined other high-flyers in a deep dive a couple months ago. Last night, Palo Alto Networks (PANW) beat the Street on the top and bottom lines, sending shares significantly higher. Of course, staying significantly higher is another matter. Shorts have been crushed over the past few years, but they have feasted like vultures on tech names this year.


Charles Payne

Charles V. Payne is a regular contributor to the Fox Business and Fox News Networks. He is also the Chief Executive Officer and Principle Analyst of Wall Street Strategies, Inc. (WSSI), founded in 1991 which provides subscription analytical services to both individual and institutional investors.