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. 1. Wall Street was rallying Tuesday as voters headed to the polls on Election Day. The Nasdaq was leading the charge, up 1.3%. The S & P 500 was up roughly 1%. Jim Cramer called this a “relief rally” in anticipation of the U.S. election being over. A bright spot in the portfolio is DuPont , which rose more than 6% on Tuesday after the conglomerate delivered an earnings beat before the open. Even with Tuesday’s move, the stock hasn’t performed as well as we hoped this year, but we expect that its looming breaking up into three separate companies will help DuPont get the respect it deserves from investors. Check your emails and text later for our full DuPont earnings analysis. 2. Shares of Eaton rose more than 1% higher Tuesday after Bernstein initiated coverage on the Club stock with a buy-equivalent outperform rating and a price target of $382. That PT implies 13% upside from Monday’s close. The analysts said electricity demand is entering an era of secular growth driven by electrical infrastructure investments over the coming years. Jim agreed that Eaton shares are positioned to go higher given the company’s business is all about electric equipment and power management systems. We trimmed our Eaton position on Oct. 29, before the company reported earnings on Oct. 31, to lock in gains after the stock’s huge run. 3. Coterra Energy CEO Tom Jorden appeared on “Mad Money” and cleared up a comment he made on the company’s third-quarter earnings call last week. During the call, Jorden talked about hypothetical situations that could lead the company to “stretch” on M & A, and the stock took a hit. Jorden told Jim on Monday evening that he regretted the statement, saying Coterra is not considering a big acquisition that could stretch its balance sheet. “I felt very good about the stock after the interview,” Jim said on Tuesday’s Morning Meeting, adding he might be inclined to build a bigger position oil and natural gas producer in the event of a Donald Trump victory. 4. Stocks covered in Tuesday’s rapid fire at the end of the video were: Carvana , NXP Semiconductors , Yum! Brands , Palantir , and Dollar Tree . (Jim Cramer’s Charitable Trust is long DD, ETN, 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.
A view shows disused oil pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau Region, Kazakhstan April 2, 2025.
Pavel Mikheyev | Reuters
U.S. oil prices dropped below $60 a barrel on Sunday on fears President Donald Trump’s global tariffs would push the U.S., and maybe the world, into a recession.
Futures tied to U.S. West Texas intermediate crude fell more than 3% to $59.74 on Sunday night. The move comes after back-to-back 6% declines last week. WTI is now at the lowest since April 2021.
Worries are mounting that tariffs could lead to higher prices for businesses, which could lead to a slowdown in economic activity that would ultimately hurt demand for oil.
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Oil futures, 5 years
The tariffs, which are set to take effect this week, “would likely push the U.S. and possibly global economy into recession this year,” according to JPMorgan. The firm on Thursday raised its odds of a recession this year to 60% following the tariff rollout, up from 40%.
Fueled by incentives from the Illinois EPA and the state’s largest utility company, new EV registrations nearly quadrupled the 12% first-quarter increase in EV registrations nationally – and there are no signs the state is slowing down.
Despite the dramatic slowdown of Tesla’s US deliveries, sales of electric vehicles overall have perked up in recent months, with Illinois’ EV adoption rate well above the Q1 uptick nationally. Crain’s Chicago Business reports that the number of new EVs registered across the state totaled 9,821 January through March, compared with “just” 6,535 EVs registered in the state during the same period in 2024.
At the same time, the state’s largest utility, ComEd, launched a $90 million EV incentive program featuring a new Point of Purchase initiative to deliver instant discounts to qualifying business and public sector customers who make the switch to electric vehicles. That program has driven a surge in Class 3-6 medium duty commercial EVs, which are eligible fro $20-30,000 in utility rebates on top of federal tax credits and other incentives (Class 1-2 EVs are eligible for up to $7,500).
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.
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.