Strange, but true: The S & P 500 has been solidly higher 12 months after the midterm elections in every cycle since 1954, according to Yardeni Research, regardless of which party won or lost. The broad market index’s average one-year gain in 17 post-elections windows has been about 15%. Those facts are on our minds this Election Day, as voters cast their ballots amid a rough year on Wall Street. Everyone is wondering when we’ll see, or whether we’ve already seen, the bottom in the current bear market. Of course, past performance is not indicative of future outcomes, and right now many strategists are worried that inflation and recession fears could continue to weigh on stocks . We recognize the uncertain macro environment may complicate the usual post-midterm rally. Nevertheless, we think the history is worth pointing out to Club members. We also wanted to zoom in on it through a Club-specific lens, analyzing how the 31 stocks in Jim Cramer’s Charitable Trust have done in the 12 months following recent midterm elections. Here’s what we did, with some caveats. We looked at only the past five midterms — 2018, 2014, 2010, 2006 and 2002 — to see which current Club stocks had the biggest 12-month gains following the election. The S & P 500’s average 12-month gain following those five elections is 8.3%. One limitation of the exercise is that not every stock in our portfolio was publicly traded in all five election cycles. Salesforce (CRM) and Alphabet (GOOGL) held initial public offerings in the summer of 2004, while Facebook parent Meta Platforms (META) went public in May 2012. While we chose to highlight the best performers, there were also underperformers and stocks that were in the red in each of the past cycles we looked at. This exercise is designed to show how much stocks moved during these bullish cycles not why they performed as they did. 2018 election These are the five Club stocks with the largest gain between Nov. 6, 2018 — when the midterms were held — and Nov. 6, 2019: Advanced Micro Devices (AMD), Microsoft (MSFT), Qualcomm (QCOM), Procter & Gamble (PG) and Estee Lauder (EL). The S & P 500 advanced 11.7% in that stretch. 2014 election The S & P 500 rose 4.5% between Nov. 4, 2014 and Nov. 4, 2015. These are the five best-performing Club stocks over those 12 months: Amazon (AMZN), Starbucks (SBUX), Constellation Brands (STZ), Nvidia (NVDA) and Meta Platforms. 2010 election Between Nov. 2, 2010 and Nov. 2, 2011, the S & P 500 climbed 3.7%. These are the Club’s top five performers in that span: Estee Lauder, Starbucks (SBUX), Humana (HUM), Bausch Health (BHC) and Costco Wholesale (COST). Note: This list does not include Coterra Energy (CTRA), which soared 163% in the 12 months following the 2010 midterms. The company was known as Cabot Oil & Gas back then. In 2021, it rebranded as Coterra following an all-stock merger of equals with Cimarex Energy. 2006 election The S & P 500 rose 6.7% between Nov. 7, 2006 and Nov. 7, 2007. These 5 Club names registered the largest gains during those 12 months: Apple (AAPL), Amazon, Wynn Resorts (WYNN), Nvidia and Google parent Alphabet. 2002 election Over the past five midterm cycles, the S & P 500 saw its largest 12-month gain between Nov. 5, 2002 and Nov. 6, 2003, jumping 14.9%. These are the best-performing Club holdings in that stretch: Amazon, AMD, Cisco Systems (CSCO), Humana and Wynn Resorts. Final Club thoughts Only two Club holdings outperformed the S & P 500 in each of the 12-month windows following a midterm election: Apple, which was the biggest winner in the 2006 cycle, and Honeywell (HON), even thought it never cracked the top five in an individual yearlong span. Interestingly, there were five Club holdings — Apple, Amazon, Honeywell, Costco and Estee Lauder — that were positive in the 12 months after the midterms in each of the past five election cycles. Finally, it’s also worth reminding everyone that performance over a 12-month period following a specific event — in this case, a midterm election — is just a snapshot in time and does not, necessarily, reflect how the company’s underlying business did during the period. A wide range of factors — some specific to a company, others more macro in nature — affect how a stock trades in the near term. But over the long run, the best companies tend to get rewarded by the market. (See here for a full list of the stocks in Jim Cramer’ Charitable Trust.) 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.
People walk past the New York Stock Exchange (NYSE) on Wall Street on July 12, 2022 in New York City.
Angela Weiss | AFP | Getty Images
Strange, but true: The S&P 500 has been solidly higher 12 months after the midterm elections in every cycle since 1954, according to Yardeni Research, regardless of which party won or lost. The broad market index’s average one-year gain in 17 post-elections windows has been about 15%.
On today’s informative episode of Quick Charge, we’ve got Honda engineers Jason Hwang and Emilio Sanchez to talk us through some of the things that make the GM Ultium-based Honda Prologue EV feel like a real Honda, and why that matters.
Jason and Emilio talk about some of the choices they made to make the Honda Prologue and Acura ZDX feel different from its GM-branded cousins, and explain why this was much more than a case of badge-engineering. Give it a listen, then let us know what you think of the Prologue and ZDX in the comments.
Today’s episode is sponsored by BLUETTI, a leading provider of portable power stations, solar generators, and energy storage systems. For a limited time, save up to 52% during BLUETTI’s exclusive Black Friday sale, now through November 28, and be sure to use promo code BLUETTI5OFF for 5% off all power stations site wide. Learn more by clicking here.
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The first EV charging hub funded by the Charging and Fueling Infrastructure (CFI) Program in the Eastern US is now online in Deerfield, Massachusetts.
The town installed the region’s first DC fast chargers (four ports), along with four Level 2 chargers, at 59 North Main Street in South Deerfield.
These new charging stations, funded with $2.46 million from the CFI program, are conveniently located near Interstate 91 in Franklin County, the most rural county in Massachusetts, which serves drivers from Connecticut up to the Canadian border.
The hub also features local and regional bus stops and designated bike lanes with secure onsite bike racks. The chargers are meant to cater to everyone: from local residents and visitors to municipal EVs and commercial vehicles that service the region’s businesses, like those in food and beverage manufacturing.
Gabe Klein, executive director of the Joint Office of Energy and Transportation, sees this as a model for future projects:
Multi-modal charging hubs in communities are key to giving more people the choice to ride and drive electric. The Town of Deerfield is showing leadership in building out convenient charging infrastructure that brings new transportation choices to rural and disadvantaged communities while supporting local commerce.
In recent years, Deerfield has experienced increased climate change-driven flooding from nearby rivers, including the Deerfield River, the Connecticut River, and the Bloody Brook. The project incorporates environmental engineering designed to mitigate and adapt to the effects of flooding and climate, including the installation of permeable asphalt and rain gardens, planting of native trees, grasses, and shrubs, and the creation of new greenspace in the center of Deerfield.
The Biden-Harris administration’s CFI Grant Program is expanding EV infrastructure nationwide. It offers grants for projects that complement and expand upon the initiatives of the NEVI program in urban, rural, and disadvantaged and low-income communities. So far, the CFI Grant Program has allocated over $1 billion to nearly 100 projects across the US, encouraging private investments and expanding the EV charging network to make EV ownership more practical and convenient.
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Kia’s upcoming EV4 electric sedan was just spotted testing in the US for the first time. The low-cost EV is expected to make its big debut by the end of the year. Here’s a look at the new model.
The EV4 will round out Kia’s new “EVs for all” master plan launched last year. Kia showcased three new models, the EV3, EV4, and EV5, during its first annual EV Day in October 2023.
During the event, Kia outlined its new global strategy to “lead and accelerate the EV revolution” with a wide range of models priced from $30,000 to $80,000.
Kia plans to rapidly expand its lineup with a series of smaller, lower-priced models. It launched the EV9, its first three-row electric SUV, which is already proving to be a hot seller in the US. Starting at under $55,000, the EV9 is still a great deal compared to others in its class, but Kia plans to go even lower.
The EV3 and EV4 are expected to be among the most affordable electric vehicles when they arrive in the US.
Kia’s new EV4 is now testing in the US
Ahead of its official debut, Kia’s new EV4 sedan was recently caught driving on US streets for the first time.
The latest image from KindelAuto doesn’t reveal much more than what’s been shown in the past, but the fact that it’s now testing in the US is significant.
Kia’s EV3 is already on sale in Korea, starting at around $30,000 (42.08 million won). Earlier this week, the company said its new compact SUV is now available across Europe, starting at around $38,000 (36,000 euros) with a “segment-leading range” of up to 375 miles (WLTP).
Next up will be the EV4. Kia is expected to officially reveal the new EV by the end of the year, with deliveries starting in 2025. It could be as soon as next week at the 2024 LA Auto Show.
The interior will feature Kia’s advanced new ccNC infotainment system with dual 12.3″ navigation and driver display screens. An otherwise minalimalistic design is expected inside.
Kia’s EV4 will also be available in a hatchback variant. Although the hatch is likely aimed at European buyers, it was also recently spotted testing in the US for the first time.
We will learn official prices closer to launch, but the EV4 is expected to start at around $35,000 to $40,000.
Kia is teasing five new vehicles for the US, at least one being a new EV, that will debut at the LA Auto Show next week. Will it be the EV3? EV4?
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