It’s been a topsy-turvy start to 2025 for the stock market. Since the Club’s December Monthly Meeting, Wall Street has been barraged by headlines that sent equities seesawing down and then up. The S & P 500 wrapped up 2024 with a roughly 23% gain despite tumbling in the final four sessions of the year and the first trading day of 2025. While bouncing back on Jan. 3, the Santa Claus rally faltered. After losing ground in the first two weeks of 2025, the past almost two weeks have been stronger, with the S & P 500 hitting an all-time intraday high Wednesday. The index, however, did not finish above its Dec. 6 closing high of just over 6,090. Since the Dec. 19 Monthly Meeting to Wednesday’s close, the S & P 500 jumped 3.7%. The Dow and tech-heavy Nasdaq advanced 4.2% and 3.2%, respectively, over the same period. Our top performers during that stretch were Coterra Energy, Nextracker, Goldman Sachs , GE Healthcare and Wells Fargo . Here’s how the winners fared over the past 33 days, and what drove the gains in each. 1. Coterra Energy up 23.3% Shares have surged since the start of the year thanks to the strength in energy commodities. The lift in West Texas Intermediate crude and natural gas prices has sent the oil-and-gas exploration and production company higher. Ahead of the January Monthly Meeting — being live-streamed on Thursday at noon ET — Coterra’s advance has put the stock in 26th place out of the entire S & P 500 in 2025. The stock is fourth in the energy sector, which has been the top-performing sector in the S & P 500 year-to-date. After a breakeven 2024, we didn’t want to give back the recent rally. So, we trimmed Coterra on Tuesday and realized a gain of 1% on stock purchased in April 2022. President Donald Trump wants to pave the way with deregulation to boost American energy production. 2. Nextracker up 21.7% Most of the solar stock’s gains were concentrated to the start of 2025 — making up for last year’s 22% decline. It’s not entirely clear what sent Nextracker shares higher earlier this month. We previously speculated that the rebound could be linked to investors repurchasing shares after selling in late December for tax-loss harvesting purposes, which pushed the stock artificially low. Later, Mizuho analysts called Nextracker stock a “top pick” in its outlook for the clean energy and renewables sector, while also raising its price target on shares. After that, then-President Joe Biden signed an executive order that would require more infrastructure needed for generative AI, including new clean power facilities. Both contributed to the stock’s run. We made two sales of Nextracker on recent gains since the December meeting. Nextracker shares were lower Thursday, extending a three-session losing streak. 3. Goldman Sachs up 14.2% The bank stock had two major catalysts over the past month. First, shares have advanced as part of the Trump trade. Investors seem upbeat that another four years of Trump in office could lead to a pick up in Wall Street dealmaking due to a more lenient regulatory environment. Goldman Sachs climbed to near-record highs on its quarterly results on Jan. 15 as well. The firm “once again ended the year as the No. 1 M & A advisor in markets,” CEO David Solomon said on the post-earnings conference call. For the Club, this was a clear reminder of why on Dec. 16 we started buying Goldman in the first place. As part of building our Goldman position, we exited banking rival Morgan Stanley . Goldman went on to receive a plethora of praise from Wall Street analysts following earnings, which has helped it sustain its gains since. 4. GE Healthcare up 12.8% Shares of GEHC have rallied on upbeat Wall Street commentary. Jefferies upgraded the stock to buy from hold in early January, citing future catalysts such as a push-out of China stimulus, suggesting that orders could start to come in after the Chinese New Year. The analysts like GEHC’s valuation after the stock pulled back in late September through the end of 2024. GE Healthcare also announced a big partnership with Sutter Health to provide AI-powered medical imaging technology. Media reports indicated that this could garner $1 billion in revenue for the company. 5. Wells Fargo up 12.6% Like Goldman Sachs, Wells Fargo received a boost on the Trump trade. For Wells, that could finally mean the removal of the $1.95 trillion asset cap that the Fed imposed in 2018 following the bank’s fake account scandal. Wells Fargo CEO Charlie Scharf has been cleaning things up since taking the helm in 2019. Jim Cramer feels the progress Scharf has made should be rewarded. Lifting the asset cap would allow the bank to expand key businesses, especially its growing investment banking operations. This, coupled with a stellar earnings report on Jan. 15, led to Wells Fargo rounding out our performers list. (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.
Traders work on the floor of the New York Stock Exchange on Jan. 10, 2025 in New York City.
NYSE
It’s been a topsy-turvy start to 2025 for the stock market. Since the Club’s December Monthly Meeting, Wall Street has been barraged by headlines that sent equities seesawing down and then up.
It’s been a busy time for the North American EV industry’s transition to NACS, the charging standard originally advanced by Tesla and now standardized by SAE.
But this past couple weeks were supposed to be even busier, with Kia having previously planned to roll out Supercharger access on January 15th, according to an announcement the company made back in September. Unfortunately there was a delay, and Kia owners will have to wait until later this quarter for official support.
In the meantime, though, owners had found that you could trick the system into letting you charge by telling it that you have a Hyundai. Hyundai and Kia both build their EVs on the same E-GMP platform, so there are a lot of similarities between them.
Kia, like Hyundai, is also in the process of shipping some of the first vehicles with a native NACS port, with the 2025 EV6 including a native NACS port, much like the 2025 Ioniq 5 does. So this similarity seemed to be able to trick the Supercharger network, and Kia EV6s could charge on it for a little while, assuming use of a third-party adapter.
But that method no longer works, according to several Kia owners. Now, when attempting to charge at a Tesla Supercharger with an EV6 and adapter, the Tesla app will tell you “Unknown error occurred – Your vehicle is not able to charge at Superchargers at this time.” This has been confirmed to be the case even on Supercharger sites that were previously working.
Probably one of the reasons for this is the use of third-party adapters. While third-party adapters are available, manufacturers are always wary when owners use non-verified equipment – especially when it’s related to the most expensive part of the car, the battery.
Kia themselves told us that “warranty coverage may be impacted by use of a third party or aftermarket adapter, and we expect to have our authorized version available in late Q1 2025” when we contacted them about our previous article (though we’re not sure how that would shake out legally – there are a lot of laws covering car warranties and what can and cannot void them).
This isn’t the first time we’ve seen some mix-ups with Supercharger access. Last November, Tesla announced that Nissan cars had access to Superchargers, but it turned out they jumped the gun. Everything is hunky-dory now for Nissan, and it seems like a bunch of new brands will gain access in the coming months, but we expect a few more fits and starts along the way (chaos tends to happen when you fire the whole Supercharger team for no reason).
But, once EV6s do gain access to Superchargers, we expect to see them show exceptional charge performance. The EV6’s cousin, the Ioniq 5, recently showed that it can charge faster than a Tesla, even on Tesla’s home turf. The EV6 should be able to accomplish similar feats, once it is unleashed onto North America’s biggest charging network.
If you’re looking to buy one of the fastest-charging EVs on the road today, use our link to check local dealers and get in line for when they get the new 2025 Kia EV6s in stock.
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Jaguar Land Rover’s investment arm InMotion Ventures has invested $2 million in rare earth magnets recycling company Cyclic Materials, bringing its Series B funding round to $55 million.
Jaguar Land Rover’s InMotion Ventures has invested in a range of technologies including supply chain traceability, battery repair, reuse and recycling, and now, rare earth magnets recycling.
“Cyclic Materials is leading the way in creating a sustainable supply chain for rare earth elements (REEs) and critical materials,” said Mike Smeed, managing director at InMotion Ventures. “Their innovative technologies address a vital need for rare earth magnets recycling, supporting the automotive industry’s transition toward a cleaner and more resilient future.”
Cyclic Materials says it will use the investment to accelerate the expansion of its operations across North America and Europe, boost its processing capabilities, and refine its recycling technologies.
This Series B extension builds on Cyclic Materials’ earlier $53 million round that already has the backing of BMWi, Microsoft, and Hitachi.
Rare earth magnet recycling
Rare earth magnets are a type of permanent magnet made from alloys of REEs, which are part of a set of 17 chemical elements in the periodic table. Rare earth magnets, particularly neodymium magnets, are essential in electric traction motors in EVs. Their strong magnetic fields help deliver high performance and efficiency, which extend an EV’s driving range and reduce battery load.
Rare earth magnets can also be found in everything from data centers and wind turbines to cell phones and power tools.
However, less than 1% of REEs are currently recycled, while the global demand already exceeds supply and is projected to grow threefold by 2030. Ontario-based Cyclic Materials says its proprietary MagCycle and REEPure technologies recycle REEs from a wide range of end-of-life products, establishing a circular supply chain for recycled Mixed Rare Earth Oxides.
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Nissan plans to buy 20 GWh of batteries from SK On, enough to power around 300,000 EVs to be sold in the US. However, after delaying EV production in the US again, when will the new EVs finally arrive?
Nissan revealed plans to invest $500 million in its Canton, Mississippi, plant almost three years ago to prepare the facility for its newest electric vehicles.
Production was initially set to begin in Canton this year, but Nissan pushed the start date back until 2026 last January with concerns over profitability and EV demand. According to the Madison County Journal, the company is now pushing the start date until 2028.
Just yesterday, an Automotive News report claimed Nissan was also canceling plans to build a smaller electric SUV in the US. The SUV was expected to sit between the LEAF and Ariya.
The smaller electric SUV was expected to be the fifth EV built in Canton, following a pair of Nissan and Infiniti electric sedans. Nissan spokesperson Brian Brockman said the company was focusing on other, more profitable projects that would see more demand.
Nissan to buy batteries from SK On for new EVs in the US
Despite the delays, the automaker is still expanding its supply chain in the US to prepare for the upcoming EVs.
A Nikkei report on Thursday claimed that Nissan secured a battery supply from SK On for EV models sold in the US. Nissan agreed to buy 20 GWh of batteries, or enough to power roughly 300,000 EVs.
The automaker will reportedly begin installing the new SK-supplied batteries by 2028, which is when it plans to start building EVs in the US.
Nissan’s battery supply deal comes as the company looks to establish a domestic supply chain for EVs in the US.
Although Nissan announced plans to team up with Honda in December to keep pace with EV leaders like BYD and Tesla, it doesn’t expect to realize any substantial benefits until around 2030.
Nissan Motor’s, including Infiniti’s, US market share has dropped 2.1% over the past five years to just 5.8%. In 2024, the automaker sold just over 31,000 electric vehicles in the US, including roughly 20,000 Ariya models and 11,000 LEAFs.
Honda, which began delivering the Prologue just last March based on GM’s Ultium platform, sold over 33,000 models last year.
The new battery supply deal is a start, but in 2028, Nissan will face an influx of new EV models with which it will have to compete.
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