Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Muted Monday: Wall Street is having a relatively quiet session to wrap up a volatile, yet positive September and a strong third quarter. Federal Reserve Chair Jerome Powell spoke at the National Association for Business Economics conference in Nashville and fielded questions about his monetary policy outlook. Less than two weeks after the central bank kicked off its rate-cutting cycle by a half-percentage point, Powell indicated additional reductions would be ahead if the “economy evolves broadly as expected.” But, he cautioned, the Fed is “not on any preset course.” He later added that “this is not a committee that feels like it’s in a hurry to cut rates.” This last line caused the S & P 500 to trade at its lows of the day, as market probabilities for the Fed’s November meeting shifted to a traditional quarter-point cut from another 50 basis point move, according to the CME Group’s FedWatch tool . Ultimately, the Fed’s next move will depend on how the data evolves. Don’t overlook Disney : Shares of Club name Disney have quietly put together a solid September, up about 6% in the month. This comes after the stock spent most of August trading in the mid-$80s. Shares broke down on Aug. 7, falling more than 4% to $85.96 after a disappointing reaction to a good quarter . The entertainment giant beat estimates on revenue and delivered a sizeable bottom-line beat, thanks in part to its first profitable quarter from its streaming business. Nevertheless, the stock sold off on concerns about a moderation in spending at its theme parks . Since the quarter, the stock has rallied as the market has become more comfortable with Disney’s outlook, expecting that sluggish trends for its experiences business could reverse if multiple Fed rate cuts take some pressure off the consumer. Indeed, an improving macroeconomic outlook — coupled with emerging profitability at streaming — was the basis of Seaport Research Partner’s upgrade of Disney on Monday. The analysts now rate the stock a buy, up from neutral, with a price target of $108 a share. “While we have tangibly soft Parks data, it is likely temporary, and emergent DTC profitability is getting the benefit of the doubt, with recent price increases and paid sharing announcements possibly supporting further [average revenue per user] and sub growth,” Seaport told clients. Disney’s market valuation is heavily tied to the health of its experiences business, so we agree that an improving economic outlook should help boost the stock. The question is how long this normalization from a post-pandemic boom will last? In the meantime, we are encouraged by the progress Disney has made to make its streaming unit profitable and its recent box office success. Energy woes : The S & P 500 energy sector is on pace to finish the third quarter as the only sector in the red, down more than 3%. For the year, the energy sector is up about 5%, easily the worst-performing group. There have been a few winners in the oil-and-gas group, but for the most part, the independent exploration-and-production companies have been a big disappointment. Fortunately, we’ve only had one small energy position in Coterra Energy , a disciplined driller that balances oil and natural gas production based on commodity prices. At 2.15% of Jim Cramer’s Charitable Trust, our energy exposure is less than the 3.5% energy weighting of the S & P 500, as of Aug. 30, and we have correctly held off from averaging down since our last buy in late May at $27.50. But natural gas is now finally starting to move — tracking for its best month since July 2022 and trading at its highest levels since late June, when Coterra traded around just below $27 per share. Against that backdrop, we see value in Coterra shares trading at almost $24 with a 3.5% dividend yield and are debating adding to our position. Up next: Before the open Tuesday we’ll see earnings from payroll processor Paychex and spice maker McCormick . On the economic data side, there is the so-called JOLTS report, which measures job openings and serves as a good measure of tightness in the labor market. We’ll also see the September ISM manufacturing index, which could impact how the industrials trade. (See here for a full list of the stocks in Jim Cramer’s 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 . 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Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.
Several European countries including Germany, Italy, Greece, the Netherlands and France have announced new LNG projects or the expansion to existing ones in response to shutdown of Russian gas pipelines.
Michael Sohn | Afp | Getty Images
So I’m sure you would have all seen U.S. President Donald Trump this week urged the European Union to impose tariffs of up to 100% on India and China to stop them buying cheap Russian oil.
A move that the U.S. administration said it would also match in an approach designed to ratchet up pressure on Russian President Vladimir Putin to talk seriously about peace in Ukraine.
This makes sense in many ways, as we all know – stop the flow of oil money, increase economic problems for Putin and force him to the peace table.
So far, so good…. and yet the accusations of double standards soon started flying out of New Delhi and elsewhere, and it’s fair to say India and other buyers of Russian commodities have a fair point.
Part of the problem is having the adequate supply of infrastructure to bring other kinds of energy sources into Europe, according to Italgas CEO Paolo Gallo.
And Italy is a “clear example [of] how we were able to significantly, massively reduce the importation of Russia, of Russian gas. But that is thanks to our speed to Eni, but thanks to our infrastructure. If we didn’t have the infrastructure, we couldn’t have switched from Russia to other source of LNG,” Gallo told me on Thursday.
Italy’s been going strong at building out its LNG infrastructure to reduce its dependency on Russian gas. Now, a big part in that effort’s come from energy firm Eni, in which the Italian government has a major share.
Let me remind you that Europe still imports vast quantities of Russian commodities, including liquified natural gas. In fact, Europe is still the biggest buyer of Russian LNG on the world market.
Yes, three years into the war and Europe is still buying 51% of Russian LNG!
And before we start pointing the finger at the usual recalcitrant EU suspects, let us remember that it’s not Slovakia or Hungary who are the biggest single country importers. No, this falls squarely on the shoulders of countries like France, Spain and Netherlands.
Astounded, confused disappointed? Well wait for this bit.
Despite promising to cut out all Russian LNG from the EU by the end of 2027, in the first six months of 2025 Europe grew — yes, grew — it’s hiked Russian LNG imports from 3.47 billion euros ($4 billion) to 4.48 billion euros’ worth.
As for the bloc’s bilateral trade with Russia? It was hitting 67.5 billion euros last year. You had imports from the region at 35.9 billion euros, properly dominated by fuel and mining products, and then you had EU exports to Russia not that far behind at 31.5 billion euros in 2024.
Double standards, hypocrisy, economic reality? I’ll let you make up your mind.
US EV sales set yet another record in August, with 146,332 EVs sold, according to the latest numbers from Cox Automotive’s Kelley Blue Book.
That gave EV sales in August a 9.9% share of total new car sales, up from 9.1% in July and the highest yet. With the federal EV tax credit set to expire on September 30, analysts say Q3 2025 is shaping up to be the strongest quarter for EV sales in US history. The current record holder is Q4 2024, when 365,824 EVs were sold.
Prices ticked higher, too. The average transaction price (ATP) for an EV in August was $57,245, 3.1% more than July’s revised lower ATP of $55,562. Year-over-year, though, EV prices were basically flat, down just 0.1%. The wave of EV sales also helped push up the overall market’s ATP.
Incentives, while not as high as July’s record, remained hefty. EV buyers received discounts averaging over $9,000 in August, equal to 16% of ATP. That’s more than double the incentive rate in the overall auto market and up from 13.6% a year ago.
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Tesla, still the US EV sales leader by far, is under pressure. Its ATP rose 2.9% in August to $54,468, which was still down 5.5% year-over-year. Tesla sales dropped 6.7% year-over-year, and the company’s share of the US EV market slid to 38% – its lowest point ever.
Stephanie Valdez Streaty, senior analyst at Cox Automotive, said, “The one constant in the automotive business is that fresh product sells well. While Tesla’s Model Y update has slowed the company’s sales decline, it’s not getting easier for the EV pioneer because the market is now flooded with all-new, fresh EVs from mainstream competitors – consumers have more choice than ever. The current surge in EV sales is being driven by product innovation, motivated dealers, and an urgency ahead of the IRA tax credit phase-out.”
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Anker’s SOLIX Fan Fest Sale increases savings on power stations as high as 63% with deals starting from $120
Anker has launched its SOLIX Fan Fest Sale running through September 21, with up to 63% discounts on its massive power station and accessory lineup – which is an increase from the brand’s Labor Day event. Alongside the low prices we spotted on the EverFrost 2 electric coolers, as well as the launch deals on the new C1000 Gen 2 station, we also noticed the brand’s other recent release, the SOLIX F3000 Portable Power Station dropping to $1,649 shipped during this sale, which sits $1 under Amazon’s pricing. It fetches $2,599 at full price, with discounts having mostly gone as low as $1,699, unless the sales offered bonus savings that saw the cost drop to $1,614 or the one-time $1,599 rate we saw during Prime Day. The deal here is the third-best we have tracked, saving you $950 off the going rate and bringing you one of the latest, upgraded backup power solutions from the Anker flag.
Unlike the new C1000 Gen 2 station, which is a more compact backup option, Anker’s SOLIX F3000 power station brings a whole lot more punch to its game, as it starts with a 3,072Wh LiFePO4 battery capacity that can expand up to 24kWh with investments into the compatible expansion batteries (bundles available below). There are 11 output ports to connect devices/appliances (including a TT-30R AC port for RV backup), which will receive up to 3,600W of power that can be doubled to 7,200W when two stations are connected together.
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One of the SOLIX F3000 power station’s notable upgraded features is the addition of passthrough charging, which it can receive from a generator for up to 3,600W of input, bringing extra versatility to emergency power failures. You’ll also have to options to plug into a standard AC outlet or even charge from an EV. There’s also the max 2,400W solar input that can have it fully recharged in under two hours with optimal sunlight.
***Note: Some of these power stations – particularly the F3800 models, which also get free protective covers – have automatic 5% extra savings that will be added in your cart. Those differences have not been factored in to bracket prices.
Tenways End of Season Sale drops 37-pound CGO600 Pro e-bikes to $1,599 with $217 in FREE gear ($2,116 value)
Tenways is continuing most of its Labor Day savings within its newly launched End of Season Sale, which is taking up to $500 off select e-bikes, while also offering an additional $200 discount when buying two. Among the lineup, Tenways’ popular CGO600 Pro Lightweight Commuter e-bikes (both the chain-drive and belt-drive variants) are dropping back down to $1,599 shipped, while also coming with $118 in free gear and a complimentary gift box (a $99 value). Coming down off its $1,899 full tag price, things have been taken lower in the past, though since March we’ve been seeing tariff hikes keep the price up at $1,599, with occasional falls lower to $1,499. You’re still getting a solid $517 savings package with this deal, not to mention the additional savings you can get buying two together and/or verifying your status as a medical provider, first responder, teacher, or military member (giving you an extra $150 off).
Bluetti’s new Elite 30 V2 power station bundled with a carrying case gets first discount to $259, more from $219
Through its official Amazon storefront, Bluetti is offering the first chance at savings on its new Elite 30 V2 Portable Power Station bundled with a carrying bag at $259 shipped, after clipping the on-page $140 off coupon, which is unavailable directly from the brand’s website and has no option to buy the bag separately. This bundle package just hit Amazon five days ago, carrying a $399 price tag, with today’s deal being a first-ever chance to save on it. All-in-all, you’re getting $140 in total savings that sets the bar for future discounts down the road.
Grab EGO’s carbon fiber telescopic pole saw with an LED guide light and 2.5Ah battery at its $299 low
Amazon is offering the EGO Power+ 56V 10-inch Cordless Carbon Fiber Telescopic LED Cut Line Indicator Pole Saw with 2.5Ah battery at $299 shipped. It’s been recently fetching around $389 at full price, with the discounts we’ve seen this year having dropped the costs to this same low rate twice before. It’s coming back around for a $90 markdown, letting you expand your outdoor arsenal at the best price we have tracked.
EGO’s modular Nexus power station with two 7.5Ah batteries can also refuel your arsenal at $899
At Amazon, you can currently find the EGO Power+ Nexus Portable Power Station with two 7.5Ah batteries at $899 shipped. This bundled package usually runs for $1,099 without discounts, which we’ve mostly seen keeping down near $999 with discounts. While these drops to $899 are usually rare sightings, the price has been holding out strong since mid-August, with no telling how much longer it may last. Aside from the $838 low we saw once back during Black Friday, you’re otherwise looking at the best tracked price, which saves you $200 off the going rate. If you already have a collection of EGO ARC batteries, you can pick the station up on its own for $593.
Greenworks’ framed 1,900 PSI electric pressure washer back at $120 while the 12-inch cleaner attachment is at $23 (Today only)
As part of its Deals of the Day, Best Buy is offering the Greenworks 1,900 PSI Electric Framed Pressure Washer at $119.99 shipped (currently unavailable on Amazon and beating the brand’s direct website by $30), which is running parallel to the one-day-only discount we’re also seeing on the brand’s 12-inch Surface Cleaner Attachment at $22.99 shipped. That pressure washer would normally run you $200 at full price, with discounts mostly taking it to this rate or higher, more often as a one-day-only deal, which has only been beaten out by a one-time discount to $118. For the rest of the day, you can pick one up at $80 off to tackle your outdoor cleaning needs at the next-best price we have tracked – landing just $2 above the all-time low.
Gain more portable workspace with Worx’s Pegasus 2-in-1 folding table & sawhorse at $95 (Today only)
As part of its Deals of the Day, Best Buy is offering the Worx Pegasus 2-in-1 Folding Work Table & Sawhorse at $94.99 shipped, which beats out Amazon’s pricing by $42. It usually fetches $140 to $150 at full price across various marketplaces, with discounts over the last year having mostly kept costs above $110, though we have spied some short-term falls as low as $90. For the rest of the day, you can pick it up here with a $55 markdown that lands it at the second-best price of the last 12 months – just $5 above the low we last saw in January.
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.