Wells Fargo on Wednesday upgraded Halliburton (HAL) to the equivalent of a buy rating from hold, authoring a favorable investment case that closely aligns with the Club’s rationale for owning the oilfield services company. In addition to the bullish rating adjustment, analysts at Wells Fargo also raised their price target on Halliburton shares to $52 from $33, a nearly 49% upside from where the stock closed Tuesday. Halliburton’s stock price surged roughly 5% on Wednesday, to nearly $37 a share. “Macroeconomic headwinds may persist, but energy security and overall global oil & gas supply challenges…have created a sustained undersupply situation, which should sustain commodity prices and upstream investment,” the analysts wrote in a research note Wednesday. West Texas Intermediate (WTI) crude — the U.S. oil benchmark — climbed nearly 3% Wednesday, to $88 a barrel. The Wells Fargo note came on the heels of Halliburton reporting better-than-expected third-quarter results on Tuesday. “Against tight supply, demand for oil and gas is strong and we believe it will remain so,” CEO Jeff Miller said. “While broader market volatility is clear, what we see in our business is strong and growing demand for equipment and services,” he added. The Club stuck with the stock through turbulent summer months because we continue to expect tight oil-market conditions to lead to increased drilling activity in the coming years, benefiting companies like Halliburton. Miller on Tuesday also noted there is little spare capacity for oil drilling equipment, enabling Halliburton to charge more for its services while demand holds up. That’s something Wells Fargo also referenced, contending it should result in higher margins at Halliburton and other energy services firms. Big picture After falling more than 26% in the third quarter, crude prices have staged a strong recovery this quarter on the back of an agreement by the Organization of Petroleum Exporting Countries and its allies, collectively known as OPEC+, to cut production by 2 million barrels a day from next month. WTI has rebounded by more than 10% since the start of October. The turning tide for oil prices has helped support stock prices across the industry. Energy has been the best-performing sector in the S & P 500 in October by a wide margin, advancing more than 23% month-to-date. Halliburton’s robust third quarter — and Wells Fargo’s subsequent upgrade Wednesday — come as the Club’s other energy holdings are set to report quarterly results in the coming days. Pioneer Natural Resources (PXD) reports Thursday after the bell. Devon Energy (DVN) and Coterra Energy (CTRA) are scheduled to follow next week, reporting after the close on Nov. 1 and Nov. 3, respectively. The Club take We think Wells Fargo’s upgrade of Halliburton is well-reasoned, highlighting why we’ve maintained our position in the company despite the stock’s rollercoaster ride since we first invested in March . We see the long-term need for oil drilling to reverse years of structural underinvestment on the supply side. And the tight equipment market means Halliburton has a significant amount of pricing power — something all investors should appreciate in this inflationary environment. Moreover, Halliburton’s efforts to significantly reduce its cost structure during the height of the Covid-19 pandemic mean it’s on course to further expand operating margins. More broadly, while our discipline required us to trim some energy exposure around the OPEC+ announcement, we’ve otherwise held steady with our oil holdings in recent weeks during the sector’s rally. Indeed, our energy positions help us hedge against inflation. And for the likes of Pioneer, Devon and Coterra, sizable cash returns through dividends and buybacks sweeten the investment case. (Jim Cramer’s Charitable Trust is long HAL, PXD, DVN and CTRA. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
Signage is displayed outside a Halliburton Co. location in Port Fourchon, Louisiana, U.S.
Luke Sharett | Bloomberg | Getty Images
Wells Fargo on Wednesday upgraded Halliburton (HAL) to the equivalent of a buy rating from hold, authoring a favorable investment case that closely aligns with the Club’s rationale for owning the oilfield services company.
We’ve got good news – EV lease prices look much better than expected, despite the end of the federal tax credit and 25% import tariff being in place. Prices have crept up compared to last month, but several automakers have stepped in to fill the gap by covering the $7,500 credit themselves or adding extra incentives – and the price of one EV even dropped. Here are October’s top EV lease deals, spotted by our friends at CarsDirect.
Hyundai IONIQ 5 N (Photo: Hyundai)
2025 Hyundai IONIQ 5 lease from $189/month
The updated 2025 Hyundai IONIQ 5 SE RWD Standard Range remains one of the standout EV lease deals this month, holding steady even after the end of the federal EV tax credit and new import tariffs. Through November 3, you can lease one for $189 a month for 36 months (10,000 miles per year) with $3,999 due at signing. That works out to an effective monthly cost of about $300 – just $40 more than September.
The price bump is far smaller than many expected, especially with Hyundai’s $17,000 in lease cash factored in. And if you’re tempted by an upgrade, the SEL RWD trim is just $50 more per month under the same terms. You’ll get a model that’s roughly $7,000 more in value and $18,750 in savings.
The IONIQ 5 SE RWD Standard Range offers an EPA-estimated 245 miles of range, and this particular offer is available in the Los Angeles and greater California metro areas.
The 2025 Hyundai IONIQ 6 SE RWD Standard Range is tied with its sibling for the most affordable EV lease deal this month, offering standout value even after the federal EV tax credit ended. In the California metro area, you can lease it for $189 per month for 36 months (10,000 miles per year) with $3,999 due at signing, and Hyundai is sweetening the deal with $13,250 in lease cash.
That brings the effective monthly cost to around $300, which is only $20 more than last month when the tax credit was still active. With an EPA-estimated 240 miles of range, 149 horsepower, fast-charging capabilities, and a sleek, distinctive design, the IONIQ 6 remains a fan favorite. This offer is valid through November 3.
The 2025 Kia Niro Wind EV returns to our top 5 this month with an impressive regional lease deal. You can lease the Niro Wind EV for $209 per month for 24 months (10,000 miles per year) with $3,999 due at signing. The offer includes $11,800 in lease cash and $14,940 in total savings, bringing the effective monthly cost to about $376. That’s about $80 more per month than September’s tax credit-incentivized deal at $129, but it’s still a solid offer given the policy changes.
This deal is available to California, Colorado, Oregon, and Washington residents through November 3.
The 2025 Ford Mustang Mach-E Select RWD with Package 100A is offering bigger savings this month, making it an even stronger pick for EV shoppers. Known for its premium design and an EPA-estimated 300 miles of range, the Mach-E remains a favorite among drivers who want style and substance.
You can now lease it for $219 per month for 24 months (10,500 miles per year) with $4,499 due at signing. That’s $20 less per month than September’s advertised deal, though the term is shorter. With an effective monthly cost of about $406, it’s only $45 more than last month, a smaller jump than many expected.
The offer includes $6,750 in lease cash for qualified lessees, plus a free Ford Charging Station Pro with complimentary home installation – a rare perk. If you already have a home charger, you can choose an extra $2,000 in bonus cash instead.
This deal is currently available in California through January 5, 2026. Ford found a clever workaround to extend the tax credit for leases through Ford Credit until December 31, 2025. GM also has a similar program.
Through November 3, you can lease the 2025 Chevrolet Equinox EV 2LT for $269 per month for 24 months (10,000 miles per year) with just $679 due at signing – one of the lowest upfront costs we’ve seen lately. That works out to an effective monthly cost of around $297. It’s got a quirk, though – this deal excludes Black Cloth Seats.
This is one of the rare EVs to see a price drop in the post-tax-credit era. Compared to September’s offer of $309 a month with $2,609 due at signing, this Chevy Equinox lease is $121 cheaper in effective monthly cost.
The deal is available nationwide for current Chevrolet lessees or those switching from another brand, and it includes a $2,250 loyalty or conquest bonus on top of $1,750 in lease cash. Want to drive away with the newest model? You can upgrade for just $30 more per month.
With an EPA-estimated 319 miles of range, the 2025 Equinox EV 2LT offers solid value for drivers looking to get into Chevy’s newest electric SUV.
The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
FTC: We use income earning auto affiliate links.More.
Nissan is tossing around the idea of a new Nissan LEAF NISMO again, but this time it will be based the newly upgraded version.
Is Nissan launching a new LEAF NISMO EV?
I know, we’ve all heard this one before. Nissan has been talking about launching a LEAF NISMO for years now. And it has released limited edition versions for select markets, but there’s still no production LEAF NISMO available.
According to Christian Spencer, Nissan’s senior marketing manager, there’s a reason for that. Spencer told Carscoops that “The NISMO brand has a lot of variation across the globe.”
He pointed out that in Japan, “NISMO has a lot deeper roots in some of the electric vehicles,”like the Ariya SUV, which is already on sale in Nissan’s home market.
Advertisement – scroll for more content
In the US, the brand tries to “focus a little bit more just because the driving enviroment is different.” While Japan gets the NISMO models, Nissan’s performance cars in the US are mostly Z or GT-R versions.
Nissan Ariya NISMO (Source: Nissan)
The streets in Japan are smaller and steeper, “so the meaning for NISMO varies a little bit,” Spencer explained. But, he hinted NISMO could make a comeback in the US, starting with the newly upgrade LEAF.
Spencer said that “If we see that demand from the customer base, we’re going to follow it.” Again, this isn’t the first (or likely last) we’ve heard Nissan is planning to launch a LEAF Nismo, but it is for the newly upgraded model introduced this year.
2026 Nissan LEAF (Source: Nissan)
Nissan said the new 2026 LEAF has “the lowest starting MSRP for any new EV currently on sale in the US” starting at just $29,990.
That’s even cheaper than the OG LEAF, launched in 2011 for $32,780 despite the upgrades. The new LEAF now has a new crossover SUV-like design, over 300 miles driving range, and an NACS port to recharge at Tesla Superchargers.
Will it be next in line for the NISMO treatment? It could make for an affordable performance EV to rival the Hyundai IONIQ 5 N or Tesla Model Y. The question is… will it sell?
FTC: We use income earning auto affiliate links.More.
Love it or hate it, the Kia Soul always stood out with its funky, box-like design. Kia is dropping the infamous box car from its lineup at the end of 2025, but promises more exciting vehicles will replace it.
Kia is retiring the Soul box car after the 2025 model year
Who could forget the dancing hamster commercials Kia put out over a decade ago? The Soul was the star in some of Kia’s best marketing ads, but it won’t be offered as a 2026 model year.
Kia is retiring the Soul at the end of the year as it prepares for a new generation of electric and hybrid vehicles., Although Kia’s lineup will be Soul-less next year, the company is promising to replace it with even more exciting cars.
The funky box car was “a cornerstone in Kia gaining a foothold in the United States,” according to Eric Watson, Kia America’s VP of sales.
Advertisement – scroll for more content
Kia is on track for its third consecutive sales record in the US and its highest market share ever. Watson said the Soul helped the brand achieve its early success, but is “equally excited for the future of Kia’s expansive and award-winning utility vehicle lineup.”
The 2025 Kia Soul (Source: Kia)
The Soul was Kia’s most affordable vehicle in the US for the 2025 model year, starting at just $21,935. Next year, the K4 sedan will take its place, starting at a slightly higher price of $23,165.
Kia is also launching the electric version, the EV4, in early 2026. Although prices have yet to be confirmed, the electric sedan is expected to start at around $35,000 to $40,000.
The 2026 Kia EV4 electric sedan for the US (Source: Kia)
The EV4 will join the updated EV6 and EV9 in Kia’s expanding lineup. Both the EV6 and EV9 are assembled at Kia’s plant in Georgia.
The EV3, Kia’s compact electric SUV, is also expected to launch in the US sometime in 2026. Prices and an official launch date have yet to be confirmed, but the smaller electric SUV will likely start at around $30,000 to $35,000.
Kia EV3 (Source: Kia)
Kia’s EV3 is already among the top-selling electric vehicles in the UK, Europe, and other overseas markets. The company also offers some of the top-selling hybrids in the US, including the Niro, Sportage, and Sorento, which will help fill the gap left by the Soul.
Kia plans to end Soul production in October with just a few thousand models remaining at dealers. These will be the last few sold in the US as Kia prepares to revamp its lineup in 2026.
What do you think of the move? Are you sad to see the Soul go? Let us know in the comments.
FTC: We use income earning auto affiliate links.More.