Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Oil in focus Quick mentions: TJX, NVDA, EL DIS earnings 1. Oil in focus ahead of elections U.S. oil prices could move higher if Republicans prevail in the U.S. midterm elections Tuesday, as a GOP-controlled Congress would be unlikely to approve a potential proposal by President Biden to raise taxes on oil companies . West Texas Intermediate crude — the U.S. oil benchmark — was trading down around 1% in late morning trading, at roughly $90.7 a barrel. A GOP sweep — and subsequent higher oil prices — would also benefit Club holding Halliburton (HAL) and other energy stocks. We raised our price target on HAL to $44 a share from $40 on Tuesday. Backing our bull case for the stock is its strong third-quarter results , its terrific pricing power and discipline over its balance sheet. We also continue to like Club holding Coterra Energy (CTRA), with Jim Cramer saying Tuesday that he wants to buy “as much Coterra as possible.” 2. Quick Club mentions: TJX, NVDA, EL Kohl’s (KSS) said Tuesday that Tom Kingsbury, one of the company’s directors, will take on the role of interim chief executive on Dec. 2. We expect Kingsbury, the former CEO of Burlington Stores (BURL), will dump large amounts of Kohl’s inventory by selling to off-price retailers like Club holding TJX Companies (TJX). As a result, we urge investors to buy shares of the T.J. Maxx and Marshalls operator in anticipation. Nvidia (NVDA) is offering China an alternative graphics-processing chip, which the company said meets new U.S. government export controls . The chipmaker previously said it could see up to $400 million in revenue headwinds related to the restrictions. While this new chip won’t help the company’s results in its latest quarter – Nvidia reports next week – the development could boost its guidance going forward. Wells Fargo (WFC) increased its price target on Estee Lauder (EL) to $225 from $215, citing improvements in cosmetics- and duty-free imports in China last month. We believe EL will be the strongest play for when China ultimately lifts Covid-19 restrictions and reopens its economy. 3. DIS earnings Tuesday Disney (DIS) reports its fiscal-fourth quarter results after the bell on Tuesday. We believe that the company needs to change investors’ perception that there’s little more to Disney than its streaming services. The company’s theme parks should take center stage during earnings calls, since they are what make Disney a great company and stock to own. “They have to announce another theme park, or else they’re dead in the water,” Jim said. (Jim Cramer’s Charitable Trust is long DIS, EL, NVDA, TJX, HAL, 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.
The electric construction equipment experts at XCMG just released a new, 25 ton electric crawler excavator ahead of bauma 2025 – and they have their eye on the global urban construction, mine operations, and logistical material handling markets.
UPDATE: telematics announcement.
Powered by a high-capacity 400 kWh lithium iron phosphate battery capable of delivering up to 8 hours of continuous operation, the XE215EV electric excavator promises uninterrupted operation at a lower cost of ownership and with even less downtime than its diesel counterparts.
XCMG showed off its latest electric equipment at the December 2024 bauma China, including an updated version of its of its 85-ton autonomous electric mining truck that features a fully cab-less design – meaning there isn’t even a place for an operator to sit, let alone operate. And that’s too bad, because what operator wouldn’t want to experience an electric truck putting down 1070 hp more than 16,000 lb-ft of torque!?
Easy in, easy out
XCMG battery swap crane; via Etrucks New Zealand.
The best part? All of the company’s heavy equipment assets – from excavators to terminal tractors to dump trucks and wheel loaders – all use the same 400 kWh BYD battery packs, Milwaukee tool style. That means an equipment fleet can utilize x number of vehicles with a fraction of the total battery capacity and material needs of other asset brands. That’s not just a smart use of limited materials, it’s a smarter use of energy.
“XCMG remains committed to advancing engineering technology to empower a sustainable future. Our mission is to deliver efficient, intelligent, and eco-friendly lifecycle solutions for global clients,” said Mr. Yang Dongsheng, Chairman of XCMG Group and XCMG Machinery. “Today, 19% of our product portfolio comprises green innovations under our ‘Green Mountain’ new energy line, with full electrification across all series underway.”
On today’s troubling episode of Quick Charge, we explore all the troubles befalling Tesla (and TSLA stock) in the month April – with top executives fleeing the ship, demand plummeting, sales slipping, government incentives at home and abroad under threat, and a raft of receipts brought on by an OpenAI lawsuit hitting the brand, it’s already a bad month for Elon … and there’s still 20 more days to go!
None of this even touches on the $43 million “backlogged” rebate scandal Tesla’s facing in Canada that’s being blamed for people’s negative attitudes about the brand (ha!) or the fact that neither the long-promised Roadster 2.0 or the Tesla Semi will see production anytime this year, either.
The word you’re looking for when you think of Tesla these days is, “cooked.”
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Renewable developer Vesper Energy has cut the ribbon on Hornet Solar in Swisher County, Texas, one of the largest single-phase solar farms in the US.
As Electrek reported in January, the 600-megawatt (MW) Hornet Solar includes over 1.36 million modules covering more than 6 square miles. The project will contribute more than $100 million in new tax revenue to Swisher County and deliver 600 MWac of energy–enough to power 160,000 homes annually.
January 30, 2025: “The seamless coordination between our team and our EPC partner, Blattner, has enabled us to remain ahead of schedule and on budget while ensuring quality throughout the process,” said Juan Suarez, co-CEO of Irving-based Vesper Energy.
Hornet Solar uses bifacial solar panels mounted on a single-axis tracking system to maximize efficiency. The solar farm is connected to Oncor Electric’s transmission system within ERCOT and is contracted to provide power to four off-take partners through individual Virtual Power Purchase Agreements (VPPAs).
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The Hornet Solar project in the Texas Panhandle is on track to be fully online by spring 2025.
Texas is a utility-scale solar leader in the US, with a ranking of No. 2 and 37,713 MW currently installed. It’s projected to install 51,144 MW over the next five years and move into the No. 1 spot, according to the Solar Energy Industries Association (SEIA). The total solar investment in the state is $45.2 billion.
On January 21, the SEIA, Conservative Texans for Energy Innovation (CTEI), Advanced Power Alliance (APA), and the Texas Solar + Storage Association (TSSA) reported that existing and expected utility-scale solar, wind, and battery storage projects will contribute over $20 billion in total tax revenue – and pay Texas landowners $29.5 billion – over the projects’ lifetimes.
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