Technology stocks stood tall in the first week of December trading, helping the S & P 500 and Nasdaq Composite finish Friday’s session at record closing highs. The tech-heavy Nasdaq lead the way with a 3.3% gain for the week. The S & P 500 closed nearly 1% higher. Both indexes are now riding three-week win streaks. The Dow Jones Industrial Average , meanwhile, pulled back last week. The 30-stock gauge was largely weighed down by shares of UnitedHealth Group, which came under pressure after the CEO of its insurance segment, Brian Thompson, was killed in a targeted attack in New York City . .IXIC .SPX 1M mountain The Nasdaq Composite versus the S & P 500 over the past month. The big economic release of the week arrived Friday in the form of the November nonfarm payrolls report . The U.S. economy added more jobs than economists had predicted — 227,000 versus the Dow Jones estimate of 214,000 — while the unemployment rate ticked up to 4.2%, as expected. Average hourly earnings were up 4% on a 12-month basis, a pinch above expectations. Economists and investors alike keep a close eye on that metric to help understand inflationary pressures in the economy. Odds of another quarter-point cut rate at the Federal Reserve’s mid-December policy meeting increased following Friday’s jobs data, according to the CME FedWatch tool . Earlier in the week, a look at private-sector job growth from payroll processor ADP came in a bit below forecasts, at 146,000 versus the 161,500 estimate. The week’s batch of non-jobs economic data was relatively mixed. On Monday, a better-than-expected November ISM manufacturing report still showed that the U.S. manufacturing sector contracted last month — but at a slower pace than what we saw in October, at least. The reading was 48.4 versus 47.5 expected. Anything below 50 indicates contraction. Meanwhile, the Commerce Department’s look at October factory orders on Wednesday was in line with expectations, up 0.2% compared with the prior month. That put an end to two-month streak of declines. Also on Wednesday, the November ISM services report — a look at activity in industries from health care to forestry to finance, among others — came in solidly below projections, at 52.1 versus 55.5 expected. Nevertheless, it pointed to continued expansion in a critical part of the U.S. economy. November marked the fifth consecutive month of services expansion in the ISM report. And now 51 out of 54 readings since June 2020 during the Covid-19 pandemic have been expansionary. Within the portfolio, Salesforce provided a very positive update after the close on Tuesday. The enterprise software giant reported solid earnings and offered upbeat commentary on its new artificial intelligence platform Agentforce , which sent shares jumping in Wednesday’s session. Salesforce finished the week as the second best Club stock, climbing 9.7%. The only better performer was Broadcom , which gained 10.8% thanks in large part to a 5.3% surge in Friday’s session. The rally Friday accelerated after a Bloomberg News report said fellow Club holding Apple expects to continue using a radio-frequency chip from Broadcom in the iPhone. Previous reporting suggested Apple planned to drop it next year. Salesforce and Broadcom contributed to the S & P 500’s technology sector being one of three to finish the week in positive territory, adding 3.4%. Tech was joined in the green by top-performing consumer discretionary, which gained 5.85%, and communication services, which rose 4.1% for second place. Big advances for Tesla and Club name Amazon helped lift the consumer discretionary sector to the No. 1 spot — and that’s notable given both stocks are usually lumped in with the broader “tech trade” despite their formal classification. A similar story played out in communication services, with its three biggest constituents by market cap — Google parent Alphabet , Meta Platforms , and Netflix — all climbing. We own Alphabet and Meta for the Club. The remaining eight sectors in the S & P 500 ended the week lower, led to the downside by energy, utilities, and materials. Energy stocks didn’t get any help from commodities. U.S. crude prices suffered their second straight weekly loss, down 1.2%, while natural gas futures slid 8.5%, their first negative week in seven. In the coming days, inflation data will command a great deal of attention — plus, we’ll get earnings from two of the best performing Club holdings this year. Economy All eyes will be on the November consumer price index due out Wednesday morning. Economists are expecting to see a 2.7% year-over-year increase at the headline level, according to Dow Jones. The consensus estimate for core CPI, which strips out the impact of volatile food and energy prices, is a 3.2% annual rise, per Dow Jones. The shelter price index will be an important component of the CPI report, given that housing costs have been a huge source of upward pressure on inflation. The November producer price index will be out Thursday, with economists forecasting a 0.2% increase from the prior month, according to Dow Jones. The consensus for core PPI, which also excludes food and energy, is a 0.2% month-over-month increase, too. The PPI report isn’t as closely watched as the CPI reading, but it is still important because it tracks input costs for various businesses. Those inputs impact profit margins and therefore can influence the final selling prices of goods. In that sense, it can help foreshadow future CPI reports. Both reports are particularly notable because they’ll be our last update on inflation before the Fed’s upcoming policy meeting, which wraps up Dec. 18. That’s when the central bank will announce its decision on interest rates followed by Chair Jerome Powell’s closely watched press conference. Earnings Broadcom and Costco are both set to report after the close Thursday. For the three months ended in October, Wall Street expects that Broadcom earned $1.38 per share on sales of $14.1 billion, according to estimates compiled by LSEG, as of Friday. In addition to the headline numbers, we’re interested in hearing about the momentum in Broadcom’s AI networking business, which has proven to be the real growth driver over the past year. We also want to see further confirmation that its legacy hardware businesses — think chips used in end markets such as wireless, broadband and industrial — remains in the process of rebounding. On the software side, management’s commentary on the blockbuster VMWare acquisition will be front and center. How is the overall demand environment? How is the integration into Broadcom going, and is it leading to any additional sales opportunities? And finally, any updates on Broadcom’s capital return plans will be notable. Analysts at Wells Fargo are expecting Broadcom to increase its dividend payout by 12% to 15% and perhaps announce board authorization for a new share repurchase program. For Costco, the Street is looking for quarterly sales of $62.1 billion and earnings of $3.79 per share, according to LSEG, as of Friday. Keep in mind that Costco’s topline is largely known as this point because the company provides sales data on a monthly basis. Instead, the focus will be on profits and shopping activity, such as foot traffic and buyer preferences. We’re also interested to hear if the implementation of card scanners has sparked an increase in membership signups — something analysts at Morgan Stanley have suggested could lead to a “Netflix moment” for the retailer . Week ahead Monday, Dec. 9 After the bell: Oracle (ORCL), MongoDB (MDB), Toll Brothers (TOL), Casey’s General Stores (CASY), and C3.ai (AI) Tuesday, Dec. 10 Before the bell: AutoZone (AZN), Academy Sports and Outdoors (ASO), Ollie’s Bargain (OLLI), and Designer Brands (DBI) After the bell: GameStop (GME), Stitch Fix (SFIX), and Dave & Buster’s (PLAY) Wednesday, Dec. 11 8:30 a.m. ET: consumer price index Before the bell: Macy’s (M) and REV Group (REVG) After the bell: Adobe (ADBE) and Nordson (NDSN) Thursday, Dec. 12 8:30 a.m. ET: initial jobless claims 8:30 a.m. ET: producer price index Before the bell: Ciena (CIEN) After the bell: Broadcom (AVGO) and Costco (COST) (Jim Cramer’s Charitable Trust is long CRM, AVGO, META, GOOGL, AMZN and AAPL. 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.
The Nasdaq MarketSite in New York, US, on Wednesday, Nov. 6, 2024.
Michael Nagle | Bloomberg | Getty Images
Technology stocks stood tall in the first week of December trading, helping the S&P 500 and Nasdaq Composite finish Friday’s session at record closing highs.
Alexander Vlaskamp, the outspoken CEO of MAN Trucks, claims that an electric semi truck can pay for itself in less than three years – but there are a few asterisks in that statement. We’ll try to unpack them all for you here.
The good news is that, in the EU, incentives are plentiful. MAN says those programs, together with Europe’s much higher diesel prices compared to the US (about $6.80/gal compared to $3.70, as I type this), can help the eTruck pay for itself in as little as two and a half years.
And, if you’re not familiar with European incentives for electric semi trucks, hold on to your hats because they are wild:
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up to 80% of vehicle purchase price subsidy in Austria (ENIN)
in Belgium, there’s a subsidy for up to 32% of the price of the truck (up to 2 trucks per company)
in Ireland, government incentives cover 30–60% of the up-front cost difference versus a comparable diesel truck
Norway offers a similar 60% diesel cost difference incentive
“It’s all about the charging infrastructure, that’s the problem,” Vlaskamp told Börsen-Zeitung. “When it comes to investment in charging stations, Europe is lagging far behind … what’s needed now is the political will to reverse this trend,” adding, “We need to act quickly.”
Charging is key
Charging an eTruck; via Man Trucks.
Spanish-language site Motorpasión notes that red tape isn’t the only reason charging lags. Driving investment into new charging infrastructure is lagging, too – but MAN’s CEO thinks there’s a simple fix: take half of annual toll revenues generated by commercial trucks (around €7 billion in Germany, alone) and funnel it directly into DC fast charging.
In addition to the still deficient charging network, another obstacle is the cost of electricity for charging. Vlaskamp proposes a reduced price for commercial truckers, as has traditionally been the case with diesel. Currently, the average price is 45 to 50 cents per kWh, but says the ideal would be, “between €0.20 and €0.30/kWh.”
TL;DR: if charging was cheaper and easier to access and the government was willing to subsidize EVs as much as they’ve subsidized oil with the creating and ongoing support of a globalized military industrial complex, MAN Trucks’ CEO thinks plug-in semis would be a no-brainer.
Head on down to the comments and let us know if you agree.
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It’s Labor Day weekend, which means big deals on car lots across America – especially if you’re shopping for a new electric vehicle to help with your labor. We’ve rounded up the best offers on electric pickups, vans, and even a great option for ride share drivers!
Sure, there’s a bit of irony in pitching “work vehicles” on a holiday meant for not working – but for many small business owners, work is part of who they are. And with the $7,500 federal EV tax credit set to expire, plus a wave of great Labor Day deals on work-ready EVs, now might be the best time yet to plug into a new electric ride.
Here are some of the standout electric vehicles offers we found this Labor Day weekend (2025), organized by vehicle type.
Electric pickup | F-150 Lightning
F-150 Lightning; via Ford.
The “Ford for America,” summer sales event continues through Labor Day with interest-free 0% financing, $0 down payment, and zero payments for up to 90 days for retail customers. Ford is also throwing in $0 maintenance for 24 months.
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But wait, there’s more! Ford Authority is reporting that a complimentary home charger and standard installation might also be included as part of the Ford Power Promise promotion happening at participating dealers in select markets with the purchase of a new F-150 Lightning pickup through the end of September.
Lease customers aren’t being left out, either. You can lease a 2025 Ford F-150 Lightning XLT 4P 311A pickup at $399 per month for 36 months, with “just” $399 due at signing (basically your first month’s payment).
For your money, you get a capable, Ultium-based electric cargo van with more room than your college dorm and a nationwide dealer network to keep it up and running when you need it most.
Electric van (hon. mention) | Mercedes eSprinter
2024 eSprinter; via Mercedes-Benz.
Despite being based on the company’s existing diesel platform, Mercedes’ eSprinter has proven itself a capable urban hauler in the hands of Amazon, DHL, and countless European tradespeople. Despite that, there are still a handful of leftover 2024 models hanging around dealer lots – enough that Mercedes is offering up to $30,000 (!) Customer Cash on any new ’24MY eSprinter purchased from dealer stock.
As you can imagine, there’s some fine print on that Customer Cash deal. It can’t be combined with Special APR programs through Mercedes-Benz Financial Services (MBFS), but it can be combined with the Mercedes-Benz Commercial Vehicles Medium Fleet Program.
And, while we’re at it, it’s probably worth noting that serious road warriors will probably save more than $129/mo. in fuel alone.
If you prefer to own your vehicles after making payments on them for a few years, you can also get 0% interest financing on select ID.4s for up to 72 months. It’s important to note here that Volkswagen’s deals can vary wildly by region. That $129/mo. offer is available in California and a few other West Coast states, for example, but the electric crossover’s listed at $329 for 24 months with $4,499 due at signing in others.
Disclaimer: the vehicle models and financing deals above were sourced from CarsDirect, CarEdge, and (where mentioned) the OEM websites – and were current as of 29AUG2025. These deals may not be available in every market, with every discount, or for every buyer (the standard “with approved credit” fine print should be considered implied). Check with your local dealer(s) for more information.
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Sustainable construction experts McKinstry have teamed up with leading BESS developers Viridi and the Denver Public Library to deploy a first-of-its-kind solar and battery storage system that sets a new standard for fire safety.
The Denver Public Library sought a battery energy storage system (BESS) that could deliver cost savings without compromising safety for staff, visitors, or the architecturally significant, Michael Graves–designed structure itself. That required a battery backup solution that not only met the city’s fire safety standards, but also addressed public fears about the risk of lithium-ion battery fires.
That unique set of project priorities led the library to Viridi, makers of the RPSLinkEX battery solution that’s equipped with a unique, “passive Fail-Safe thermal management and anti-propagation technology” designed to prevent the sort of thermal runaway that leads to li-ion battery fires.
“Public facilities like the Denver Public Library are at the forefront of demonstrating that energy resilience and safety can go hand in hand,” said Jon M. Williams, CEO at Viridi. “This installation highlights how fail-safe battery storage can empower communities to maximize renewable energy, reduce costs, and maintain reliability – all without compromise.”
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Keeping it safe
Denver Public Library; by Michael Graves.
Viridi doesn’t talk too much about how its passive Fail-Safe thermal management system works, but if you’re picturing heat-dissipating layers, fire-resistant insulation, and strategically-placed phase change materials (or PCMs) limiting the transfer of heat from one cell to another if it begins to overheat, you’ve probably cracked it.
These passive safety features enable safer deployment scenarios in occupied buildings or near critical infrastructure by reducing dependence on active fire suppression systems like sprinklers or fire extinguishers, and convinced the City of Denver to move forward with the project, which is the city’s first-ever solar + battery storage system.
“The entire McKinstry team is very excited about developing and constructing the first Solar + BESS project for the City and County of Denver,” said Jon Ensley, Sr. Construction Project Engineer at McKinstry. “We are appreciative of all our partners and stakeholders who helped to achieve this goal. We value Viridi’s expertise in deploying this technology and the whole team has been great to work with.”
McKinstry says this latest solar project sets, “a new benchmark for how cities can combine renewable energy and battery storage without compromising safety.” And, with solutions like the RPSLinkEX building systems that meet city planners and politicians where they are, instead of trying to educated them about the objective, proven safety of li-ion batteries, Viridi is helping communities adopt cleaner, more resilient clean energy solutions sooner rather than later.
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
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