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.
In a move that helps the brand duck protectionist anti-Chinese tariffs, Volvo Cars has switched production of its award-winning EX30 models destined for US roads from its Zhangjiakou plant in China to the Ghent facility in Belgium.
Volvo EX30 production began in the company’s Ghent factory back in April, but those first cars were earmarked for the Swedish domestic and European export markets, but that move wasn’t primarily motivated by avoiding tariffs. As Electrive reports, the company seemed happy enough to continue importing its small electric crossover from China and accepting the new 28.8% tariffs (up from 10%), but the wait times to get the vehicles shipped in from China was imply too long.
In 2024, Swedish and German buyers had to wait up to eight months for their EX30 in some cases, according to Volvo Cars’ European boss, Arek Nowinski, per Automotive News. Once production in Ghent is fully up to speed, however, wait times should be cut to about 90 days. Those wait times, and the price hike associated with the tariffs, have hurt sales of the originally Chinese-made Volvo EV. In 2024, for example, the EX30 ranked third in European EV sales, but slipped out of the top 10 first half of 2025.
“The car is now being built in Europe, which means faster delivery times,” Volvo Cars CEO Hakan Samuelsson to Automotive News. “We should return to the sales and market share figures for the EX30 that we had before the introduction of tariffs.”
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Coming to Staying in America
Volvo EX30; via Volvo Cars.
The EX30’s switch to Ghent is good news for American fans of the compact, lickety-quick Volvo EV. Now that it’s no longer exclusively made in China, Volvo has decided to give it a stay of execution as it revamps its US product lineup to better align with market trends (read: SUVs) and the changing political landscape (read: tariffs and inflation).
The reason? The Made in China version of the EX30 would virtually unsellable in the US due to the implementation of 147% tariffs on vehicles imported from China. Vehicles imported from Europe, meanwhile, carry just 15% tariffs, keeping the EX30 in a competitive price bracket.
Expect to see both Ghent and South Carolina play an increasingly large role in Volvo’s US product mix – at least for the next three-odd years.
SOURCE | IMAGES: Volvo Cars, Automotive News, via Electrive.
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It featured four advanced electric motors with a combined power of nearly 1,300 horsepower. The U9 can accelerate from 0 to 62 mph (0 to 100 km/h) in just 2.36 seconds.
With a motor at each wheel and a highly advanced electric-air suspension, the U9 can turn on itself and even jump over potholes.
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But that was only the beginning.
Based on a new filing with the Ministry of Industry and Information Technology (MIIT), BYD is preparing to launch a new ‘Track Edition’ of the Yangwang U9:
When an automaker releases a “track” version of a car, it typically primarily features body changes for better aerodynamic performance, adding downforce, and it will also often feature bigger brakes.
The Yangwang U9 ‘Track Edition’ appears to feature all that… and much more.
The filing reveals that BYD updated the motors at each wheel to a new 555 kW motor. That’s a higher-performing motor than in most performance electric vehicles. The U9 Track Edition has four of them for a total of 2,220 kW (3,019 hp).
I would have thought that this was a typo if it wasn’t for the insane electric vehicles coming out of China these days.
Here are a few pictures from the MIIT filing:
There are a lot of performance specs that are not included in the MIIT filing. Therefore, it will be interesting to see when the vehicle is fully unveiled and BYD reveals what kind of performance it can achieve with 3,000 hp packed in 4 electric motors.
Here are a few other features mentioned in the filing:
Standard features:
20-inch wheels with 325/35 R20 tyres
Carbon-fibre roof
Large fixed carbon-fibre rear wing
Rear diffuser with adjustable blades for aerodynamic optimisation
Optional aerodynamic parts:
Standard or enhanced carbon-fibre front splitter
Electric rear wing
Electrek’s Take
How are they going to keep that thing from flying away? Seriously.
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The eBike space is crowded in 2025, but the Kingbull Jumper Go stands out with a rare combination of features: a compact 20” frame, full suspension, a step-through design, and a powerful Class 3 motor capable of hitting high speeds. Whether you’re commuting through the city, riding off-road trails, or just looking for a versatile, approachable ride, the Jumper Go delivers serious performance, especially for the price.
Key specs
On paper, the Kingbull Jumper Go has all the hardware you would want and need for its size and price. It blends commuter-friendly features with the components you’d expect from more premium off-road eBikes. These specs on paper translate to real-world use amazingly. Here’s a quick rundown of the key specs:
Motor: 750W Bafang rear hub motor
Top Speed: 28 MPH with pedal assist (up to 40 MPH unlocked; check local laws)
Battery: 48V 20Ah Samsung removable battery
Max Range: Up to 80 miles per charge
Gearing: Shimano 8-speed drivetrain
Brakes: Tektro hydraulic disc brakes
Suspension: Front 80mm fork + rear mid-frame air shock
Tires: 20” x 4.0” Kenda fat tires (puncture-resistant)
Frame: Step-through aluminum frame with internal cable routing
Display: Integrated LED display with speed, assist level, and battery status
Lighting: Integrated 48V headlight and rear brake light
Included Accessories: Rear cargo rack, full fenders, mini tool kit, zip ties, tire pump
Together, these features make the Kingbull Jumper Go a rare all-in-one package: powerful, approachable, and ready to handle daily commutes and adventures without compromise.
Real-world experience
I have been living with the Kingbull Jumper Go for two weeks now and have been using it as my daily driver. I have used it for pretty much everything, from small grocery runs, to running a quick errand, to just taking me from place to place. Here is what you need to know.
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The setup
The setup was surprisingly simple. The bike has everything needed for assembly, including a mini tool kit, zip ties, and even a tire pump. The Kingbull Jumper Go comes about 80% pre-assembled, with the rear tire and monitor intact. I had to install the front tire, front fender, handlebar, headlight, and seat. Assembly took roughly 20 minutes, and I am someone who does not do this often. It was great that I did not need any of my own tools to get the bike ready. The final thing I did was ensure it was fully charged before getting on it.
The ride
On the road, the 750W motor gives you quick acceleration and plenty of torque, easily handling hills and the urban terrain I live in. The five levels of pedal assist and throttle control give you full flexibility in how much effort you want to put in. I got the bike to almost 30mph with the pedal assist and to 22mph using the throttle. The suspension system, which features an 80mm front fork and a rear mid-air shock, makes city potholes and light off-road trails smooth and manageable.
I live in New Jersey, and if you know anything about our roads, they are terribly maintained and have potholes everywhere. The Kingbull Jumper Go kept the ride very smooth and managed those potholes perfectly. I also took it through some gravel roads, trails, and through some wet terrain, and it was great. The fat tires gives you a strong sense of confidence both on road and when you are dealing with a more challenging terrain.
The design
The step-through frame is especially helpful for beginners and for riders who are sharing this bike with someone who is a different height. The step-through frame also makes it easy to dismount or quickly react by easily putting your feet down without feeling like you are going to tip over.
The 20” Kenda fat tires provide great traction and comfort on surfaces ranging from pavement to grass and gravel. The Tektro hydraulic brakes are responsive and reliable, offering solid control even at higher speeds. You also get a fantastic LED display with real-time speed, distance traveled, and battery life. It is also plenty bright, so the display is easily visible even in the brightest conditions.
After riding this for two weeks in both urban and off-road settings, the Kingbull Jumper Go proved to be equally capable as a commuter eBike, urban cruiser, and all-terrain bike. Its compact frame makes it easier to handle and store compared to larger full-size fat-tire bikes, but without compromising on performance.
Kingbull Jumper Go Pricing and availability
The Kingbull Jumper Go is currently available through Kingbull’s official website for just under $1,699. However, they have a limited-time summer promotion offering $100 OFF with code Electrek, bringing the price down to $1,599. That discount makes it one of the best values on the market for a full-suspension, Class 3 fat-tire eBike. Kingbull’s 2-year warranty also backs it and offers local test ride availability in California, giving potential buyers added peace of mind and confidence in the brand.