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.
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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.
Aviation startup ZeroAvia says it’s been granted a “raft” of 45 new patents key to the development of practical large hydrogen aviation engines – and the company says it has 200 more H-related patents in the pipeline!
The news comes just weeks after ZeroAvia and Scottish regional airline Loganair announced a new, hydrogen-electric “turboprop” replacement motor capable of up to 5MW of shaft horsepower (~6,700 hp). United States Patent and Trademark Office (USPTO) no. 12,341,225 covers an integrated hydrogen-electric engine design land is key to the development of a modular multi-MW hydrogen-electric engine for the ATR 42 and 72 model aircraft — which Loganair owns more than twenty of.
ATR isn’t the only potential customer ZerAvia is eyeballing, either. Despite hydrogen losing ground on utility-scale projects and more companies realizing that it’s “impossible” for hydrogen to compete as a transportation fuel, the fuel still seems to have some practical application in the aviation space. Both Airbus and Boeing have advanced plans and IP for hydrogen-ready airframes in recent weeks, as well, making the IP for large hydrogen-powered aviation engines that much more valuable.
“Recent patents filed and granted around hydrogen aviation give a window into an accelerating field of innovation,” explains Val Miftakhov, Founder and CEO, ZeroAvia. “As we see the large airframe manufacturers beginning to compete on technologies for hydrogen aircraft, there is a big opportunity for companies pioneering hydrogen propulsion systems. These are the inventions that will deliver truly clean, more affordable and highly efficient commercial air travel.”
Importantly, these novel engines promise cost reductions for airlines. The substantially lower maintenance needs of hydrogen-electric engines will mean a decrease in maintenance and downtime for an airline’s fleet, with hydrogen fuel also projected to be significantly more cost effective than kerosene over time.
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You might want to hold onto your handlebars for this one – literally. The fashion-forward British electric scooter maker Bo just unveiled what could be the most extreme electric scooter the world has ever seen. Named The Turbo, this standing e-scooter isn’t just playing around with speed – it’s aiming to smash right through it and find out what’s waiting on the other side.
And it all begs the question, “How much is too much?”
When we talk about fast electric scooters, we’re usually in the neighborhood of 50 mph (80 km/h). But the Bo Turbo doubles those numbers.
With 100 mph+ (160+ km/h) top speeds and claimed acceleration that’s faster than a Tesla, this scooter seems to use a design philosophy pulled straight from the playbook of Formula One. Thus, it should come as no surprise that the team behind The Turbo includes engineers with experience from Williams F1 and the Bloodhound Land Speed Record rocket car.
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Bo Turbo looks at home in the Bo-nnevile salt flats
The world’s fastest e-scooter?
Built on the same base chassis as the company’s sleek road-going Bo Model-M, The Turbo takes everything up a notch – actually, several notches. It features a 24,000 W dual-motor powertrain, 1,800 Wh battery, advanced traction control, and a power-to-weight ratio that reportedly beats a Bugatti Veyron.
At full power, the system is capable of propelling riders down a straightaway at three-digit speeds while standing upright. It’s absurd. It’s glorious. It’s gratuitous. It’s a dream. Or it’s a nightmare.
Bo says the machine is already delivering 85+ mph (137+ km/h) in early track testing at Goodwood Motor Circuit and is currently in development to push beyond the 100 mph barrier under Guinness World Record supervision.
And just in case you’re wondering if this is some experimental prototype cooked up in a lab – it’s not. The company is planning a limited run of built-to-order Turbo scooters, starting at a whopping $29,500. The first one is scheduled for delivery to a collector in Madrid during the 2026 Formula One race weekend.
The Bo Turbo shares the same chassis as the more mild-mannered Bo M scooter
From F1 brake ducts to street scooter DNA
Despite the headline-grabbing speed numbers, there’s a ton of serious engineering going on here. The Turbo uses ram-air intakes based on F1 brake cooling designs to keep the motors and controllers from overheating. The chassis – made from aerospace-grade aluminum and CNC-machined billet parts – is based on Bo’s proven Monocurve platform, the same structure that underpins the Bo Model-M. In fact, that might be the most impressive part of all, that the same chassis used underneath their everyday-ride-it-to-work Bo Model-M scooter is also holding together this 100 mph beast.
Bo’s team insists that despite the monster specs, The Turbo remains “surprisingly rideable.” Professional BMX rider Tre Whyte has piloted over 20 high-speed test runs, with the team now preparing to push the envelope even further.
A wild PR stunt – or something more?
It’s tempting to see The Turbo as just a headline machine (and hey, it works), but Bo says this project is about more than just chasing speed records. According to Bo CEO Oscar Morgan, “The Turbo is part of our mission to elevate these futuristic electric vehicles into the top tier of automotive performance.”
And honestly, they’ve got a point. E-scooters have exploded in popularity as low-speed urban vehicles, but the category rarely gets taken seriously in the performance world, despite the advent of racing leagues. Bo wants to change that – and they’re using motorsport technology to do it.
Electrek’s Take
Is this a practical daily rider? Absolutely not. But that’s not the point.
Bo is doing what so few e-scooter companies are willing to do – pushing boundaries, proving performance, and trying to make scooters feel exciting, not just functional. Whether The Turbo hits 100 mph or not, it’s already helped raise the bar for what electric micromobility can be. And if that means they develop safer and stable ways to build scooters along the way, then all the better.
The fact that they actually plan to sell these is a bit worrying, though the $30k pricetag means the local teens on your street aren’t going to be terrorizing the sidewalks with them. Well, not unless you’ve got an oil sheikh and his teenagers living on your street.
But hey, if you’ve got thirty grand and a need for painful death levels of speed – maybe this is your next toy.
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Chevron has prevailed against Exxon Mobil in a dispute over Hess Corporation’s offshore oil assets in the South American nation of Guyana, Exxon CEO Darren Woods told CNBC’s Becky Quick on Friday.
The ruling by the International Chamber of Commerce in favor of Chevron clears the way for the oil major to complete its $53 billion acquisition of Hess Corporation.
Chevron shares jumped about 3% in premarket trading.
“We disagree with the ICC panel’s interpretation but respect the arbitration and dispute resolution process,” Exxon said in a statement Friday.
The dispute had created significant uncertainty over whether Chevron’s acquisition of Hess would close, weighing on the oil major’s stock performance. The transaction would have failed if Exxon had prevailed.
Exxon and China National Offshore Oil Corporation had filed an arbitration case with the ICC, claiming a right of first refusal over Hess’s assets in the Stabroek Block, an oil development off the coast of Guyana.
Hess has a 30% stake in an oil patch, while Exxon leads the project with a 45% stake and CNOOC maintains 25% stake.
“We welcome Chevron to the venture and look forward to continued industry-leading performance and value creation in Guyana for all parties involved,” Exxon said.