Conventional wisdom holds that as we get closer and closer to the coming deadline for tariff resolution, the market will become more treacherous, especially for highly valued stocks. I don’t know who writes these stories. I always check the bylines and I have never worked with them or hired them. I will tell you this: their lack of knowledge of how the market works is painful. Their shoddy knowledge of market history would never be tolerated in any classroom. They are, what we used to call at The Harvard Crimson, “filler-up stories,” meaning stories that had to be written because copy was needed. In truth, while the deadline looms, there is no relation between the highly valued stocks and the events at hand. I actually expect severe news about South Korea and Japan before Aug. 1 — the Trump administration’s “hard deadline,” in the words of Commerce Secretary Howard Lutnick, for when new country-specific duty rates will come into effect. Korean car companies “make” vehicles here, but the White House would argue to you that all they do is assemble them here, while the more highly valued pieces of a car are made in the home country. Japan makes even less here but is defended, like Korea, by our soldiers, and I could see President Donald Trump invoking that fact to put on some capricious number — call it 35% tariffs on their imports — because that level is eye-grabbing. So, I doubt we’re even going to get to the drop dead date of Aug. 1 without more drama. Does anyone who trades or invests think that the tariffs will influence the most highly valued stocks, none other than my newly minted cohort called PARC — Palantir , Applovin , Robinhood and Coinbase ? These all have room to run because if you are willing to pay 100 times earnings it means nothing to pay 200. That’s the gospel. How can these writers not know that? Can Palantir be stopped by Canadian tariffs? Oh please, and if crypto gets knocked down, it will get up again. It’s never going to keep that down. Let’s flip this moment on its head and question what’s buoying the near-record market as second-quarter earnings season picks up steam (we have five Club names reporting this week). I have 10 things on the list, some already happening and others more forward-looking. First, and most obvious: earnings have been terrific. Yes, there is an occasional Abbott Labs , which was brutalized by China, or Netflix , which was challenged by sky-high expectations. But the banks have set the tone, and the pastiche that closed out the week all came in very strong. I expect that to continue, with the only potential weak spot being the drugmakers. Just not enough blockbusters and some very weak pipelines. It’s been a brutal year for health care overall, sitting last among all 11 sectors in the S & P 500 . Second, Trump’s “big beautiful bill” contains so many provisions that will boost the economy that I think we need to rethink the possibility of a hobbled consumer. Consider these: An extension of the 2017 tax cuts that were set to expire at the end of this year, which could’ve resulted in an effective tax increase across income cohorts. This is particularly helpful for those who make less than $100,000. A tax deduction worth up to $25,000 for employees who earn tips, a huge win for the working class. Millions of U.S. workers stand to benefit from this. Increased standard deduction to $31,500 (from $30,000) for married joint filers and $15,750 (from $15,000) for single filers. That can make taxes easier to figure out and deliver a bigger benefit. Max child tax credit of $2,200 per child, up from $2,000, which impacts around 40 million families. Expanding 529 savings plans to cover workforce credentialing programs in areas like the trades. A new deduction on car loan interest for vehicles made in the U.S., capped at $10,000 a year. For higher earners, the size of the deduction is reduced. Tax-advantaged savings accounts for newborns, the so-called “Trump accounts.” Some tax relief for seniors on Social Security benefits. These are huge benefits that will pump hundreds of billions in the U.S. economy and it’s like no one ever cares. Tariffs are important. But these put money in the hands of spenders. Third, business get more tax relief on spending, building and research-and-development costs than anyone expected. Accelerated deductions and credit for building things will set off another boom. I talked about these in a previous piece . Every time I have ever seen this kind of relief, it generates far more spending and jobs than anyone expects. Fourth, we seem to be oblivious to how countries are signaling to Washington that they are going to make their companies build here in order to get some relief from the White House. There’s also re-shoring to contend with. Sure, the White House may be circumspect about an Apple putting $500 billion into the U.S. economy in the next four years, but I’m not. Fifth, the amount of building that needs to be done for data centers and for the electric grid are so gigantic that they might be considered the equivalent of the biggest public works campaigns in history, and they include a huge labor component not often addressed. Don’t forget that nuclear power overhauls are gigantic projects. Sixth, the Federal Reserve’s new stress tests for banks will allow them to lend far more than they currently do. We forget how much heat there has been on the banks in the wake of the financial crisis to be incredibly conservative. That’s over. Seventh, the opening of all sorts of land for drilling and the approval of a huge number of new pipelines will create a second renaissance of the U.S. energy sector. Eighth, two industries have so much business and are so important to the U.S. economy that they will be colossal sources of work: aerospace, where Boeing has to expand to meet new orders, and defense, where we are depleted by Ukraine. A heavy component in this sector is new kinds of weapons including drones. Ninth, the initial public offering market is primed and ready, and I think can create new jobs and new wealth for employees and sustained profits for the investment banks, which is why they are such great buys. We own Goldman Sachs for the Club. And finally No. 10, it’s been so easy to bet against stocks for so long because the Biden administration had been so anti-business, particularly when it comes to mergers and acquisitions. That’s over. Now short-sellers will be incredibly scared to lean on stocks. Witness the rally in the railroads last week that crushed shorts banking on weaker transport earnings. Now, again, Trump seems to do whatever is necessary to derail us in astounding fashion. But we need to think more creatively. When we hear talk of him firing Fed Chair Jerome Powell, what you need to think is that no matter what, lower rates lie ahead. I don’t think it will be because of a weaker economy because of what I just detailed, but because Trump wants to have a gross domestic product boom so he can say we are the fastest-growing, most-powerful country in the world. That’s what Make American Great Again stands for. Even if you think it is a gigantic fraud, remember that Trump — through a gigantic hole in the budget and pro-business agencies — has created the circumstances that could lead to the opposite of what the “filler-up stories” say will happen. (Jim Cramer’s Charitable Trust is long GS and ABT. 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.
Ferrari and Porsche will soon have company. BYD just confirmed plans to launch Yangwang, its ultra-luxury EV brand, in Europe. It will be the first Chinese brand to enter Europe’s most elite segment.
BYD preps new ultra-luxury EV brand for Europe
After launching Denza earlier this year, BYD is set to introduce another luxury brand to Europe. Yangwang is BYD’s most exclusive lineup of new energy vehicles, featuring its advanced technology and performance.
The brand has been on sale in China for about two and a half years, and now, it’s preparing to launch in Europe. BYD’s vice president Stella Li told Autocar that “our plan is that we will bring Yangwang into Europe,” after Denza earlier next year.
BYD launched its ultra-luxury EV brand in January 2023, with the first vehicle, the Yangwang U8, going on sale in September of the same year.
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The Yangwang U8 is a Range Rover-like extended range electric SUV (EREV), packing over 1,100 hp (880 kW). It also comes loaded with features like float mode, which allows it to literally float on water, tank turns, and the U8 can even plow through more water than a Defender.
BYD Yangwang U8L (Source: Yangwang)
A few months later, BYD launched the second vehicle, the Yangwang U9, in February 2024. The Yangwang U9 is an electric supercar that can jump and dance thanks to BYD’s DiSus-X body control system.
It’s faster than a Ferrari, with four electric motors delivering nearly 1,300 hp, enabling a 0 to 62 mph (0 to 100 km/h) sprint in just 2.36 seconds.
BYD Yangwang U9 electric supercar (Source: BYD)
The Yangwang U8 and U9 start at 1,098,000 RMB ($150,000) and 1,680,000 RMB ($230,000) in China, respectively. Both will be sold in Europe.
Li said that “more cars are coming,” including the Yangwang U7, an electric ultra-luxury sedan. BYD delivered the first U7 models in China last month, starting at 628,000 RMB ($87,000).
BYD Yangwang U8 SUV (left) and U7 luxury EV sedan (right) Source: Yangwang
The four-seater variant costs 708,000 RMB, or about $98,500, which is still about half the cost of the most affordable Ferrari.
With Yangwang set to arrive in Europe, BYD will be the first Chinese automaker to enter Europe’s top luxury auto segment.
With an additional 17% tariff, export costs, and other factors, prices in Europe are expected to be notably higher. We will learn more as we get closer to launch.
Source: Autocar
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The stock rose following the announcement late Friday as investors sought to get in ahead of index fund managers, who will need to buy shares to mimic the changes. Square’s $48 billion market cap at Monday’s close places it well above the median S&P 500 constituent, though shares are still down 8% this year.
Passive funds are expected to purchase roughly 101 million shares of Block due its inclusion, equivalent to about 11 days of average trading volume, according to a note from Stephens.
Block is working to reestablish investor confidence after uneven performance from its Cash App business. Gimme Credit’s Stu Novick noted that while gross profit growth missed estimates last quarter, the company still delivered strong adjusted earnings and improving cash flow.
While Block is joining the benchmark index, a major player in the fintech industry remains on the sidelines.
Robinhood has delivered one of the strongest recent runs in the U.S. stock market, soaring 345% in the past year. Yet despite nearing a nearly $100 billion, the company has been repeatedly passed over for S&P 500 inclusion.
Carry Anker’s 60,000mAh PowerCore Reserve station and keep devices running for $88
By way of its official Amazon storefront, Anker is offering its PowerCore Reserve 60,000mAh Power Bank Station at $87.99 shipped, with it also coming in a few dollars under the brand’s current direct pricing. Normally costing $150 at full price, we’ve mostly seen discounts over the last year dropping costs between $110 and $90, though there have been a few select falls to $80, and recently we saw Prime Day take things to $75. While it may not be the new lowest price, you’re still looking at the third-best rate we have tracked, saving you $62 off the going rate while equipping you with a sizably reliable means to keep your personal devices juiced up and running.
Anker’s PowerCore Reserve power station, which you’ll also find sold under the name 548 Power Bank, is a five-pound backup power solution to top off personal devices with while you’re camping, cruising the roadways, hanging out on the beach, and much more. You’ll have a totable 60,000mAh/192Wh battery capacity here that beats out most power banks on the market while also delivering up to 60W speeds through either its two USB-A ports or two USB-C ports.
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Aside from its easy-to-carry design, it also comes sporting a convenient pop-up light for when you’re out in the dark of the wilderness or even without power at home, coming with two brightness levels alongside an S.O.S. mode to signal for help in emergencies. You can completely recharge its battery by plugging it into a wall outlet or by utilizing up to its 60W solar input to charge via the sun.
Schumacher’s 2025 level 1 portable EV charger plugs into any 120V outlet for on-the-go power at $130
Amazon is now offering the new Schumacher SEV1670 12A Level 1 Portable EV Charger at $129.59 shipped. This model hit the scene at the tail-end of May with a $160 price tag, which has only recently started seeing discounts, with the biggest of them being from the Prime Day sale event two weeks ago that saw the costs taken down to $128. Today’s deal comes in just $2 above that rate for the second-best pricing we have tracked, all while giving you $30 in savings.
Aiper’s new IrriSense smart irrigation system covers up to 4,800 square feet at $600 (second-ever discount)
Coming to us through its official Amazon storefront, Aiper is offering the second-ever discount on its new IrriSense Smart Irrigation System back to $599.99 shipped, matching directly from the brand’s website. This new smart irrigation device has only been on the market since May, with it usually going for $700 outside of the two price cuts we’ve seen. It first dropped to this same rate the day before Prime Day began, and hung on to the savings through the four-day event. Now, it’s coming back for a post-Prime second chance, saving you $100 while upgrading your lawn care routine with a smarter alternative.
Hoverfly’s H3 16-inch folding e-bikes make great first-time rides with four add-on accessories starting from $406
Amazon is offering quite the affordable bundle on Hoverfly’s H3 16-inch Folding e-bike in its orange colorway, and coming with four add-on accessories at $406.09 shipped, while its other colorways are seeing smaller discounts at higher rates. It’s dropping down from the $580 price tag today, with this being the first time we’ve spotted this particular bundle dropping so low. Before the fall to $425 during Prime Day, we only ever saw costs fall as low as $450, with all those rates beaten by the 30% markdown here that gives you $174 in savings and a new all-time low price. Along with the bike, you’ll be getting a front carrier bag, a rear cargo basket, a phone holder, and a rearview mirror to upgrade and elevate your experience.
The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.
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