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. Markets: Stocks are holding onto gains to start the week. The only sector stuck in the red was energy as oil sold off. West Texas Intermediate crude futures fell more than 6% and had one of its worst days since 2022 after Israel did not target Iranian energy facilities in a strike over the weekend. The market may like lower oil prices, but it is still grappling with rising bond yields. The yield on the benchmark 10-year Treasury note is closing in on 4.3%. A reason why interest rates rose was the soft demand for $69 billion of 2-year notes and $70 billion of 5-year notes. Defensive woes: Meanwhile, defensive sectors like consumer staples and health care continue to struggle. Club holding Danaher is lower again — its sixth straight down day — after earnings last week. The quarter itself was better than expected , with a bioprocessing beat and the business on track for high-single-digit growth exiting the year. But investors turned on the stock after management was noncommittal about discussing 2025 figures and analysts lowered their estimates, causing the stock to suffer its worst weekly performance since 2020. This drop looks far too excessive since the bioprocessing recovery thesis did not change. AMD on deck: Several Wall Street research firms published their third-quarter expectations for Advanced Micro Devices ahead of its Tuesday evening report. Many expect the chipmaker to raise its 2024 AI chip sales outlook to more than $5 billion, up from its prior guidance of more than $4.5 billion. We would be surprised if CEO Lisa Su provided 2025 AI chip sales guidance. Raymond James also does not expect the company to talk 2025 numbers either, analysts said in a note Monday, but the current consensus is somewhere around $9 billion to $10 billion in AI chip sales. Outside of AI chips, we’ll be looking for color on personal computer trends and market-share gains in the non-AI chip server space, where AMD primarily competes with struggling Intel . AMD shares are up about 15% since the company reported second-quarter numbers , but they are still off about 15% from their July peak. CrowdStrike court fight : We think Delta Air Lines has a weak case in the lawsuit it filed Friday against Club name CrowdStrike because the cybersecurity provider’s CEO, George Kurtz, is working with every single customer to restore trust after the IT outage, and the company says Delta has been an outlier in this process. In fact, CrowdStrike claims that Delta refused assistance from both itself and Microsoft, according to a lawsuit filed Monday against the Atlanta-based airline. If the CrowdStrike-Delta spat causes a pullback in CrowdStrike share price, we would be buyers. We would have added to our position Friday and Monday if we were not restricted. Up next: Some of the notable companies reporting after the closing bell Monday include Ford Motor , chip software firm Cadence Design Systems , and North Face owner VF Corp . The reporting companies on our radar Tuesday morning include Club name Stanley Black & Decker , fintech players SoFi and PayPal , and McDonald’s . Pfizer , Royal Caribbean Cruises , glass maker Corning and electrical component maker Hubbell also report before the opening bell. For Stanley Black & Decker, its end market demand is subdued due to higher interest rates, but we expect to see more progress on the DeWalt owner’s cost structure and margin expansion program. These efficiency gains should strengthen earnings power once the next big home improvement cycle kicks in. For that, the housing industry is still waiting on lower mortgage rates. (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 . 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.
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.
Tesla’s retro-futuristic diner with Superchargers and giant movie screens is ready to open, and I have to admit, it looks pretty sick.
This project has been in the works for a long time.
In 2018, Elon Musk said that Tesla planned to open an “old school drive-in, roller skates & rock restaurant at one of the new Tesla Supercharger locations in Los Angeles.” It was yet another “Is he joking?” kind of Elon Musk idea, but he wasn’t kidding.
7 years after being originally announced, the project appears now ready to open:
Musk said that he ate at the diner last night and claimed that it is “one of the coolest spots in LA.” He didn’t say when it will open, but Tesla vehicles have been spotted at Supercharger and people appear to be testing the dinning experience inside.
A Tesla Optimus Robot can be seen inside the diner on a test rack. It looks like Tesla might use one for some tasks inside the diner.
I think it looks pretty cool. I am a fan of the design and concept.
However, considering the state of the Tesla community, I don’t think I’d like the vibes. That said, it looks like Tesla isn’t prominently pushing its branding on the diner.
You can come and charge there, but it looks like Tesla is also aiming to get a wider clientele just for dining.
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Plant Vogtle Nuclear Power Plant in Waynesboro, GA, August 15, 2024.
Van Applegate | CNBC
Westinghouse plans to build 10 large nuclear reactors in the U.S. with construction to begin by 2030, interim CEO Dan Sumner told President Donald Trump at a roundtable in Pittsburgh on Tuesday.
Westinghouse’s big AP1000 reactor generates enough electricity to power more than 750,000 homes, according to the company. Building 10 of these reactors would drive $75 billion of economic value across the U.S. and $6 billion in Pennsylvania, Sumner said.
The Westinghouse executive laid out the plan to Trump during a conference on energy and artificial intelligence at Carnegie Mellon University. Technology, energy and financial executives announced more than $90 billion of investment in data centers and power infrastructure at the conference, according to the office of Sen. Dave McCormick, who organized the event.
Trump issued four executive orders in May that aim to quadruple nuclear power in the U.S. by 2050. The president called for the U.S. to have 10 nuclear plants under construction by 2050. He ordered a “wholesale revision” of the Nuclear Regulatory Commission’s rules and guidelines.
The U.S. has built only two new nuclear reactors over the past 30 years, both of which were Westinghouse AP1000s at Plant Vogtle in Waynesboro, Georgia. The project notoriously came in $18 billion over budget and seven years behind schedule, contributing to the bankruptcy of Westinghouse.
The industry stalwart emerged from bankruptcy in 2018 and us now owned by Canadian uranium miner Cameco and Brookfield Asset Management.
Westinghouse announced a partnership with Google on Tuesday to use AI tools to make the construction of AP1000s an “efficient, repeatable process,” according to the company.
Hyundai’s electric minivan is finally out in the open. The Staria EV was caught without camo near Hyundai’s R&D center in Korea, giving us a closer look at the electric minivan undisguised.
Hyundai’s electric minivan drops camo ahead of debut
The Staria arrived in 2021 as the successor to the Starex, Hyundai’s multi-purpose vehicle (MPV). Although the Staria has received several updates throughout the years, 2026 will be its biggest by far.
Hyundai will launch the Staria EV, its first electric minivan. Like the current model, the 2026 Staria will be available in several different configurations, including cargo, passenger, and even a camper version.
We’ve seen the Staria EV out in public a few times already. Last month, we got a glimpse of it while driving on public roads in Korea.
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Despite the camouflage, new EV-like design elements were visible, including updated LED headlights and a full-length light bar. Although it’s still unclear, the electric version appears to be roughly the same size as the current Staria from the side, but slightly wider from the front.
New images posted on the South Korean forum Clien reveal a test car, expected to be Hyundai’s Staria electric minivan, without camo.
Like most Hyundai test cars, the prototype has a black front and a grey body. It still features a similar look to other prototypes we’ve seen, but you can clearly see the new facelift.
Earlier this year, a Staria EV was spotted in a parking lot in Korea, featuring a similar look. The electric version is nearly identical to the Staria Lounge, but with an added charge port and closed-off grille.
The Hyundai Staria EV is expected to make its global debut later this year. Technical details have yet to be revealed, but it’s expected to feature either a 76 kWh or 84 kWh battery, providing a range of around 350 km (217 miles) to 400 km (249 miles).
Hyundai Staria Lounge (Source: Hyundai)
Hyundai’s electric SUV arrives after Kia introduced its first electric van, the PV5, which launched in Europe and Korea earlier this year.
In Europe, the Kia Passenger PV5 model is available with two battery pack options: 51.5 kWh and 71.2 kWh, providing WLTP ranges of 179 miles and 249 miles, respectively. The Cargo version has a WLTP range of 181 miles or 247 miles.