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 Monday’s key moments. Look for buying opportunities Buy Starbucks Watch Nvidia 1. Look for buying opportunities Stocks ticked largely higher to start the trading week Monday after UBS reached an agreement to buy troubled Swiss Bank and rival Credit Suisse (CS) over the weekend. Our tech stocks have held up in a volatile market, supported by their high-quality balance sheets . We’re not hiding in tech. However, “in a slowdown, our favorite tech stocks are going to be the place to be,” Jim Cramer said Monday. Meanwhile, the S & P Oscillator continued to fall further into oversold territory Monday, and we bought 25 more shares of Pioneer Natural Resources (PXD) after last week’s pullback. We also took advantage of bank concern-drive market dips last week and made a series of buys . 2. Buy Starbucks Laxman Narasimhan officially made the transition to CEO of Starbucks (SBUX) on Monday, ahead of the company’s annual shareholders meeting this week. Club holding Starbucks announced Narasimhan as incoming CEO back in September to replace Howard Schultz as of April 1. The change came about two weeks early. Narasimhan has a wealth of experience in consumer brands, formerly serving as chief executive at Reckitt , which owns brands including Lysol, Durex and Mucinex. Shares of Starbucks were up roughly 1% to around $100 apiece. The stock has dropped about 10% from its 52-week high of $110.83 on Feb. 2, and could present a buying opportunity. 3. Watch Nvidia Club holding Nvidia (NVDA) got a series of positive Wall Street calls Monday ahead of the company’s GTC developer’s conference this week. Baird raised its price target on NVDA stock to $300 per share from $230. The analysts cited industry checks that assume higher ChatGPT orders, leading them to increase data center revenue estimates for the second half of the year. In a separate note, Bank of America called Nvidia its “top compute pick” in a note Monday. Analysts expect GTC to showcase leadership in artificial intelligence and highlight its recurring subscription and software opportunities. Shares of Nvidia, which fell modestly Monday, have soared 75% year-to-date after a terrible 2022. (Jim Cramer’s Charitable Trust is long PXD, SBUX, NVDA. 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.
Best Buy is offering the Super73 RX Electric Motorbike for $1,999.99 shipped. Normally fetching $3,695, we’ve only seen one previous discount since the new year began – a repeat of 2023’s biggest price cut to $3,000 back in February. Today’s deal is a first that we haven’t seen in a while for this particular model – a brand new all-time low. It comes in as a massive 46% markdown that gives you a whopping $1,695 in savings and beats out our Black Friday and Christmas sale mentions. You’ll also find a more affordable option in the standard R model at $1,700, down from $3,295 for another new all-time low. You can learn more about it by heading below or reading through our feature.
Having basically originated the current moped-style/e-minibike craze that is becoming more and more popular throughout the US for the last handful of years, Super73’s RX motorbike combines the iconic stylings of the ’70s and ’80s with nice plump fat tires and a fully-electric heartbeat. Coming in a Carmine Red colorway, it is equipped with a 750W rear-hub motor paired alongside a 48V battery in order to reach 28 MPH top speeds for up to 40 miles when only using the throttle and up to 75 miles when using its pedal assistance. It fully recharges in just five to seven hours via a standard outlet, depending on conditions, and comes with a few exclusive features like fenders for both tires, and an LED headlight as well as an LED taillight. The big difference between it and its predecessor, the standard R model, is the lack of these extra features/add-ons.
Best Buy Mother’s Day sale takes up to $400 off EVs
Best Buy is having a 3-day Mother’s Day sale through the weekend, with several varying EVs benefitting from the discounts as well – up to $400 off, in fact. A standout amongst the bunch is the Segway Max G2 Electric Kick Scooter for $899.99 shipped. Normally fetching $1,300, it launched just last year at $800, which has remained the lowest price we’ve seen since, with very few minor discounts dropping up until today. This is a solid $400 off the going rate that lands it at the second-lowest price we have tracked, making this the best deal since its pre-order discount.
The Max G2 is the successor to the original Max scooter, with some notable upgrades that make it stand out from its predecessor – especially at this price. Equipped with a 450W motor (with 1,000W peak power that can handle up to 22% inclines) and a 551Wh battery, its speed has been increased to 22 MPH (over the Max’s 18 MPH speed), plus it has an extended mileage of 43 miles on a single charge – nearly twice the distance of the previous model. It sports Segway’s standard folding design for easier storage and transport, as well as four riding modes to choose from through the onboard LED display, with some saving power to extend travel ranges and others shrinking that range for the sake of speed and power. It’s also been given some notable features – including smart features – like self-sealing tires and Apple Find My for added peace of mind. Head below for more.
More Best Buy Mother’s Day EV discounts:
Segway F30 Electric Scooter, 15.5 MPH for up to 18.6 miles: $410 (Reg. $650)
NIU KQi3 Pro Foldable Electric Scooter, 20 MPH for up to 31 miles: $549 (Reg. $799)
NIU KQi3 Max Foldable Electric Scooter, 23.6 MPH for up to 40 miles: $700 (Reg. $1,000)
Segway G30Max Foldable Electric Scooter, 18.6 MPH for up to 40.4 miles: $700 (Reg. $1,000)
Heybike Mars Foldable e-bike, 20 MPH for up to 48 miles: $799 (Reg. $1,200)
Heybike Brawn All-Terrain e-bike, 28 MPH for up to 65 miles: $1,449 (Reg. $1,800)
Broil King Crown Pellet 500 Pellet Grill hits lowest price of last 2 years at $632
Amazon is offering the Broil King Crown Pellet 500 Pellet Grill for $631.91 shipped. Regularly $1,199, but having spent the last three months keeping between $1,100 and $900, we’ve seen it go for much less in the past, though the $522 all-time low was last seen in 2022, with 2023 never seeing any price drop below $759. Today’s deal comes in as the lowest price we have tracked in the last two years, giving you a solid $567 markdown off the list price that beats our previous mention by $85 just in time for BBQ season. It even beats out Broil King’s website where it is discounted at a higher $1,099 rate.
You won’t need to worry about hooking up a gas line or running down to the nearest store to refill on your propane with this grill, which utilizes wood pellets that produce lower emissions than even charcoal. To start, you’ll have a temperature range of 200 degrees to 600 degrees Fahrenheit, which can be customized as you like through the LED digital control board or use its three quick-set temperature keys that let you smoke (225 degrees), roast (350 degrees), or grill (600 degrees). You’ll even get remote control settings through the companion app via your smartphone using Wi-Fi or Bluetooth, and it comes with temperature probes to make hitting your food’s ideal internal temperature far less stressful than just eyeing it. You’ll have plenty of room to work with too, as its 560 square-inches of cooking space can hold approximately 30 burgers at once – enough for everyone on your block and more than enough for family gatherings. Head below to learn more.
The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.
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In a milestone, supermaterials trailblazer Lyten has shipped lithium-sulfur (Li-S) batteries to Stellantis and other US and EU OEMs for testing.
Lyten’s shipment of A samples of its 6.5 Ah Li-S pouch cells is the first major step in the commercial evaluation of lithium-sulfur batteries by leading US and European automakers. Stellantis announced that it had invested in Lyten’s lithium-sulfur battery development in May 2023.
“This milestone is the result of years of dedicated work and innovation from the Lyten team, and we are just at the start of further expanding the capabilities of our lithium-sulfur battery cells,” said Lyten CEO and cofounder Dan Cook.
Operating from its automated pilot production line in San Jose, California, which came online in May 2023, Lyten produces lithium-sulfur batteries using standard lithium-ion manufacturing equipment and practices. The company plans to ship cylindrical A samples later this year, and its first giga-scale factory is currently being designed.
Lithium-sulfur batteries face issues related to cycle life and stability under real-world operating conditions, but Lyten says it’s addressed those challenges in its lithium-sulfur EV batteries.
Lyten has integrated its proprietary 3D graphene structure within the Li-S battery’s cathode. This structure enhances the battery’s overall stability and conductivity, addressing common issues such as the polysulfide shuttle effect, which typically leads to rapid capacity loss in Li-S batteries.
By using a lithium metal composite for the anode instead of the traditional graphite, Lyten has improved the anode’s stability and efficiency. This modification also helps to increase the battery’s overall energy density while potentially reducing degradation over time.
The need for critical minerals like nickel, cobalt, and manganese in the cathode is also eliminated, and that means a projected 65% lower carbon footprint than lithium-ion batteries and a supply chain that can be fully sourced in the US or EU at scale.
In February 2024, Chrysler announced the inclusion of Lyten’s Li-S batteries in its Halcyon concept EV, and the US Department of Energy has granted Lyten $4 million to accelerate development. Lyten has raised more than $410 million in equity capital to date.
What do you think of the commercial potential Li-S EV batteries? Let us know in the comments below.
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Vietnamese EV automaker VinFast has announced it will be the world’s first automaker to offer its drivers access to Sony’s new RIDEVU in-car streaming service. VF 8 customers in the US will gain access to Sony’s library of over 2,000 movies with the opportunity to rent and purchase premium content.
The VF 8 is young automaker VinFast’s ($VFS) flagship EV, hitting the US market two years ago as a 2023 model. Following some early software hiccups, VinFast has pushed forward to get more of its SUVs on US roads, pulling demand levers while expanding its stateside dealer network.
We drove the VF 8 early on, and it was fine, but there were some clear bugs that needed to be sorted out. 2024 remains a pivotal year for the Vietnamese automaker as it looks to continue riding rising revenues and make up for missed delivery targets last year.
One feature VinFast is utilizing to entice would-be US customers is entertainment. Today, VinFast announced the VF 8 will offer Sony’s new streaming service, RIDEVU – a world debut in an EV.
VinFast offers VF 8 customers one year of Sony RIDEVU
Per a VinFast release this morning, new and existing customers can now access Sony’s RIDEVU service as part of the automaker’s VF Connect Prime package. VF 8 customers in the US with the package can add RIDEVU via over-the-air (OTA) update.
RIDEVU is a new streaming platform developed by Sony Pictures Entertainment that offers access to a library of over 2,000 movie titles that are updated regularly, offering unlimited replays… of up to 100 movies (so, not unlimited, got it). Sony states that VF 8 drivers will also gain access to premium titles directly through the app by redeeming credits, renting, or buying a movie flat out.
VinFast US’ vice president of sales and marketing David Duncan spoke to the addition of Sony’s new service:
We are thrilled to be the world’s first automobile manufacturer to officially launch RIDEVU, offering an engaging entertainment experience for our U.S. customers. I believe that as a smart and green mobility solution, the VinFast VF 8 will deliver a convenient and enjoyable experience to customers wherever their journey takes them.
The release shared that Sony RIDEVU can synchronize and stream content across multiple screens, including in-car displays in the VinFast VF 8 and handheld devices. A Screen Manager feature gives owners complete control over playback on all connected displays from the EV’s center screen in the dashboard.
To ensure safety, VinFast drivers and passengers can only view Sony RIDEVU content on the center display while the EV is parked. However, passengers can watch movies on their mobile devices using the RIDEVU Companion app while the vehicle is in motion. Sony states that RIDEVU is compatible with Android, iOS, Android TV, Apple TV, and Linux.
The VinFast VF 8, now including Sony RIDEVU is available for sale in the US (mainly California) at a starting MSRP of $47,200.
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