Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Wall Street is putting together a strong bounce-back session Monday after wrapping up last week on a sour note thanks to a weak jobs report. All three major benchmarks — the S & P 500 , tech-heavy Nasdaq and 30-stock Dow — added more than 1% in afternoon trading. It’s a broad-based rally, with 10 of the 11 sectors in the S & P 500 in the green. Energy is the laggard, weighed down in large part by declines in shares of ExxonMobil and Chevron , by far the two largest constituents in the sector. We took advantage of the positive day to lighten up on shares of Abbott Laboratories , our third sale since July 21. If not for our trading restrictions, we would’ve used some of the cash raised in that sale to buy more Starbucks , consistent with what Jim said last week following the coffee chain’s post-earnings decline. BLS drama: President Donald Trump on Monday was again posting on social media that last week’s big July nonfarm payrolls miss and the massive combined downward revisions to May and June were rigged. Those comments echoed the ones that came Friday as he fired the head of the Bureau of Labor Statistics. On CNBC Monday morning, National Economic Council Director Kevin Hassett, one of Trump’s top advisers, was asked directly if the BLS numbers were rigged. Hassett pivoted. He acknowledged the longstanding problem of jobs data collection that pre-dated Trump but said, “All over the U.S. government, there have been people who have been resisting Trump everywhere they can.” Hassett, who has been talked about as a possible Trump choice for Federal Reserve chairman, also said, “To make sure that the data are as transparent and as reliable as possible, we’re going to get highly qualified people in there that have a fresh start and a fresh set of eyes on the problem.” Ironically, the weak jobs numbers bolster Trump’s case for the Fed to cut interest rates. Jim Cramer said Monday that he is not here to opine on whether Trump is doing the right thing or not. However, Jim said he is here to help Club members make money. He concluded that the jobs numbers point to a weakening economy and suggest the Fed should not wait any longer to cut rates. If the Fed cuts rates at its September meeting, as the market expects, Jim said the stock market should go up, even ahead of the move, and investors should make money. Keep on spending: The generative AI boom isn’t slowing down anytime soon, according to Morgan Stanley’s analysis of capital expenditure (capex) plans. In a note to clients, analysts said the 11 largest hyperscalers — including Club holdings Meta Platforms , Microsoft , Amazon and Apple — are projected to significantly increase their spending on cloud computing and other AI-related infrastructure into next year. Analysts expect the global capex from these companies to grow 56% year over year in 2025 and 31% in 2026. The estimates are based on second-quarter earnings reports from the aforementioned tech giants, along with those from Alphabet -owned Google, IBM , CoreWeave and Oracle , along with the Chinese tech firms Tencent , Alibaba , and Baidu . Additionally, Morgan Stanley analysts said they wouldn’t be surprised to see 2026 capex commitments “move materially higher” by this time next year due to the continued growth in AI model output and cloud providers still mentioning that demand for compute is outstripping supply. “This earnings season, most management teams highlighted the need to accelerate infrastructure deployment timelines/address tight supply and support increasingly complex cloud/AI workloads, and executives across MSFT, META, AMZN and GOOGL signaled: (1) greater confidence in generating a return on these investments; and (2) a willingness to sustain elevated levels of spending into 2026,” the analysts wrote. This is all promising news for the generative AI trade. As these hyperscalers pour billions into AI infrastructure, it signals that management teams are taking the technology — and the demand for it — even more seriously than before. We hope this means improved AI offerings from our portfolio companies, too. Apple, in particular, is in desperate need of one, which is why we were pleased to hear CEO Tim Cook say on the conference call that the company is “significantly growing” its AI investments. Apple has comparatively spent much less on capex in recent years compared with the likes of Meta, Microsoft and Amazon. The iPhone maker has had a lackluster rollout of its suite of AI tools called Apple Intelligence since last year. Buzzy new AI features could mean more upside in device sales and revenues in its high-margin services unit. With Apple, “we’re actually trying figure out what they really want to do,” Jim said during Monday’s Morning Meeting. As for Microsoft, Amazon and Meta, we’ve been largely impressed by their AI plans. “The market wanted to see a lot of [AI] spend because that’s where the return is,” Jim said. He continued, “You may think they spent too much money. That doesn’t matter. People want to see a lot of spend.” It’s not just Big Tech and their cloud customers that benefit from all the AI outlays. Industrial stocks and Club holdings like Eaton , GE Vernova and Dover all benefit in their own ways from the continued construction of data centers and the electricity infrastructure needed to fuel the power-hungry buildings. Earlier Monday, we published an in-depth look at how GE Vernova’s gas turbines became such a hot commodity in the AI race. Up next: Club name Coterra Energy is among the companies reporting earnings after the close Monday, with its conference call set for Tuesday morning. We’ll wait for the call before publishing our earnings analysis, given management’s comments, particularly on its planned fix for problematic wells in part of the Permian Basin, will help shape our thinking on the results. Some other notable companies reporting Monday night include high-flying Palantir , obesity drug compounder Hims & Hers , Taser maker Axon Enterprise , e-commerce marketplace MercadoLibre and non-opoid pain medication maker Vertex Pharmaceuticals . On Tuesday morning, we’ll get results from Club names DuPont and Eaton. Economic bellwether Caterpillar, private-equity giant Apollo Global Management and hotel operator Marriott International also are on the docket. It’s an overall quiet week of economic data, though on Tuesday the Institute for Supply Management’s monthly look at activity in the U.S. services sector is due out at 10 a.m. ET. (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.
Review: The ST3 Pro e-scooter brings serious suspension alongside smart controls and more as Navee’s latest flagship
As a long-time rider of Segway electric scooters, my expectations are quite high for new brands looking to climb their way up to the standard that the household-name has set in stone at this point. Only within the last few months did Navee come onto my radar, with the brand offering me the chance to test out its latest flagship model, the ST3 Pro Electric Scooter, which has been quite the surprise, to say the least. At first, it seemed like it was full of gimmicks that were destined to fail, but after riding around for several weeks now, I can happily say that Segway may just have found a new challenger. Head below to get my hands-on impressions of this high-end e-scooter that still retains accessible pricing for the stunning list of features.
To get our full hands-on impression of this new flagship e-scooter, be sure to check out our review here.
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Lectric launches upgraded XP Trike2 750 long-range eTrike for preorder with a $493 bundle at $1,799, more
As part of Lectric’s ongoing Labor Day Sale, the brand has officially launched its new XP Trike2 750 Long-Range eTrike with a $493 bundle for preorder at $1,799 shipped, while the standard XP Trike2 is seeing its biggest bundle yet of $242 in free gear at $1,499 shipped. The standard model only hit the market last month during the brand’s Prime Day sale with a $227 bundle, which is now increased to a $242 value, whereas the new long-range variant is starting with over double the value of bundled free gear. This new model will be getting steel-encased front and rear cargo baskets, a support seat with a backrest, an Elite headlight, a suspension seat post, a pair of mirrors, and an accordion-style bike lock. Head below to learn more about these two models or check out the brand’s full lineup of Labor Day deals here.
Lectric’s eTrikes have been among the most popular on the market, and this new generation takes everything fans have loved and goes even further with the upgrades (not to mention the wide array of colorway options). Starting with the variances, the standard XP Trike2 sports a Stealth M24 500W rear hub motor (peaking at 1,092W) and a 624Wh battery combo, while Lectric’s newer XP Trike2 750, as the name implies, comes with a more powerful 750W motor upgrade and a larger 840Wh battery. While both max out at 14 MPH top speeds, the standard can give you five levels of pedal-assisted support for up to 50 miles, while the 750 model extends that range up to 70 miles of travel. They both offer a power-limiting preset feature too, letting you take things slow and get to know your new ride before ramping up to its fastest settings.
From there, the only difference is Lectric’s standard model has a cadence sensor vs. the XP Trike2 750’s torque sensor upgrade, with them otherwise sharing the other stock features, including a Cloud 50 suspension fork for less strain on older riders’ joints. There’s also the puncture-resistant tires with fenders to go over all three, hydraulic disc brakes, headlighting/tail lighting that brings amber side lighting, turn signals, brake lighting into the mix, as well as an IPX5 water-resistance construction, parking brakes, a rear cargo rack, a TFT LCD screen, keyless riding functionality, and more.
Bluetti’s latest sale drops the Handsfree backpack power stations to best prices starting from $199, more
Bluetti has an ongoing Emergency Power Sale that seems to be taking the place of any officially named Labor Day Sale, and which is taking up to 46% off the brand’s power stations. Among the lineup, we also spotted a particularly notable 48-hour flash sale that is offering the Handsfree 1 and Handsfree 2 Backpack Power Stations for $199 shipped and $299 shipped. These two highly portable power solutions normally go for $429 and $599 at full price, which have mostly dropped down to $299 and $399 during sales, save for the occasional flash events where we’ve seen these low rates pop up. You’re getting another chance to score either at the best prices we have tracked, giving you $230 or $300 in savings, and beating out Amazon prices of $349 for the Handsfree 1 and $449 for the Handsfree 2. Head below for more on these and some of the other offers during this sale.
Celebrate National Dog Day with these Rad Power pet-focused add-on accessory deals starting from $21.75
As part of its ongoing Labor Day Sale running through September 3, Rad Power Bikes is celebrating National Dog Day with four pet-focused add-on gear units – some of which are already discounted – getting 25% in additional savings and starting from $21.75 shipped. These add-on accessories range from basket-dwelling carriers to full-on hitch-ready trailer carriers – and if your cart totals $150 or more, you’ll be getting free shipping too! Just keep in mind that the extra savings will be added in your cart. Head below to see what you can expect from this gear and be sure to also give your puppers a little head scratch for me. Woof!
Tackle storm cleanup and fall/winter firewood needs with EGO’s 56V 16-inch cordless chainsaw kit at $220
Amazon is offering the EGO Power+ 56V 16-inch Cordless Chainsaw with 2.5Ah battery at $219.99 shipped. This particular kit usually goes for $279 at full price, which we saw enter 2025 at $249 and falling as low as $219 for a two-month period before jumping back up in price at the start of June. While we’ve seen it go lower in the past, you’re looking at the second-best rate of the year which cuts $59 off the tag and lands it just $1 shy of the lowest price we have tracked in 2025.
Fremo’s X300 portable power station is an 8-pound solution for personal devices at its $180 low (Today only)
As part of its Deals of the Day, Best Buy is offering the Fremo X300 Portable Power Station at $179.99 shipped, while it’s currently out of stock on Amazon. This unit would normally fetch $330 at full price, which we’ve regularly seen dropping between $200 and $190 over 2025 in these one-day-only sales, with Amazon having seen it go as low as $180. That low price is available here through the rest of the day, saving you $150 off the tag price and giving you a more compact power solution for your personal devices.
Navee GT3 Max Smart Electric Scooter (code SCHOOL15): $561 (Reg. $750)
Best new Green Deals landing this week
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.
The IONIQ 9, Hyundai’s first three-row electric SUV, is off to a stronger start than most predicted. At a time when many automakers are blaming slow EV demand, Hyundai’s big electric family hauler seems to be bucking the trend.
Hyundai’s three-row electric SUV is off to a strong start
After opening IONIQ 9 pre-orders in its home market in February, Hyundai was already calling the larger SUV a game-changer.
A few months later, in March, the first models rolled off the production line at Hyundai’s new Metaplant America in Georgia.
The IONIQ 9 has only been on the market for a few months, but it’s already winning over buyers. Since launching the three-row electric SUV in February, Hyundai has sold 14,391 units globally. Of them, 4,745 were sold in Korea and 9,646 were sold overseas.
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In the US, Hyundai has sold 2,086 IONIQ 9 models since it went on sale in May. Although it may not seem like much, considering it’s a higher-priced electric SUV in an increasingly crowded segment, local analysts believe it is beating expectations.
2026 Hyundai IONIQ 9 (Source: Hyundai)
In the US, most brands are seeing an influx of EV buyers ahead of the federal tax credit expiration at the end of September.
The 2026 IONIQ 9 starts at $60,655 in the US, offering a driving range of 335 miles. However, with generous discounts, Hyundai is offering leases as low as $299 per month. The offer is for a 36-month lease with $4,999 due at signing.
2026 Hyundai IONIQ 9 interior (Source: Hyundai)
Hyundai’s three-row electric SUV isn’t the brand’s only EV that’s seeing relatively strong demand. The new and improved 2025 IONIQ 5 is coming off its best sales month in the US in July and remains one of the top-selling EVs in the US.
The IONIQ 5 is also surprisingly affordable. Hyundai is offering 2025 IONIQ 5 leases starting at $129 per month. However, the best offers are mainly in California and other ZEV states.
2025 Hyundai IONIQ 5 at a Tesla Supercharger (Source: Hyundai)
In other states, the 2025 IONIQ 5 is still one of the most affordable EVs with leases starting at just $179 per month.
Both the IONIQ 9 and IONIQ 5 are built at Hyundai’s plant in Georgia, enabling them to qualify for the $7,500 EV tax credit. Hyundai’s current Getaway sales promotions end on September 3, ahead of the tax credit expiration at the end of the month.
Looking to test one out for yourself? You can use our links below to find the 2025 Hyundai IONIQ 5 and 2026 IONIQ 9 in your area.
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Yet another big name in auto is pulling back on its EV plans, blaming slower than expected demand for electric vehicles.
Porsche drops in-house EV battery plans
Volkswagen’s luxury sports car brand, Porsche, announced this week that it no longer plans to build EV batteries in-house.
Cellforce, Porsche’s high-performance EV battery company, will shrink and only focus on research and development, rather than production.
In a statement, Porsche blamed “the slower ramp-up” of EVs and “challenging market conditions” in its biggest markets, the US and China, for the changes.
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CEO Oliver Blume, confirmed the news, saying “For volume reasons and a lack of economies of scale, Porsche is no longer pursuing its own production of battery cells.” The staff reductions, will be handled in “a socially responsible matter,” Porsche said. Volkswagen’s battery unit, PowerCo, will take on several former employees.
Porsche Cayenne EV towing a 3-ton trailer and classic car (Source: Porsche)
Porsche plans to continue to continue offering internal combustion engine (ICE), hybrid, and all-electric options across every segment “well into the 2030s.”
Following the Taycan and Macan Electric, Porsche is still planning to launch the all-electric Cayenne and 718 models. The German automaker promises future models will still “bring trend-setting technologies in electromobility into series production.”
Porsche Taycan Turbo GT with Weissach Package (Source: Porsche AG)
A separate report from German magazine WirtschaftsWoche claimed on Wednesday that Porsche is on the hunt for a new CEO to replace Oliver Blume.
German automaker Opel drops EV commitment plans
Porsche isn’t the only German automaker adjusting EV plans. Opel is one of the many brands under the Stellantis Group, alongside Jeep, Ram, Peugeot, Citroën, Fiat, and several others.
Although it was one of the many automakers to commit to offering an all-electric lineup, it’s now backing off its promise.
Opel Corsa Electric (Source: Stellantis)
During Stellantis’ EV Day in 2021, Opel announced its intention to transition to all-electric vehicles by 2028, accompanied by a slate of new models. Former CEO Michael Lohscheller, now chief executive at Polestar, said, “As of 2028, Opel will only offer electric cars in our core market Europe.”
On Monday, the German auto giant abandoned its plans for an all-EV lineup, saying it will continue to focus on its current “multi-energy” strategy.
Opel is the first German auto brand to offer a fully electrified model for every vehicle in its lineup, including electric (EVs), plug-in (PHEVs), and even internal combustion engine (ICE) vehicles.
In response to media reports claiming it has changed its strategy, the company said in a statement, “This does not have to be limited to 2028 if the demand side requires otherwise.”
Although the company will continue to focus on EVs in specific regions, like the UK, France, and Germany, it will also offer other powertrain options based on demand.
Opel Corsa Electric (Source: Stellantis)
Opel, alongside British sister company Vauxhall, is one of the top-selling brands in Europe. In Germany and the UK, Opel and Vauxhall ranked first in the ever-expanding B-hatch segment through the first half of the year.
The German auto giant becomes the latest brand to scale back EV plans or shift to hybrids, following Volvo, Volkswagen, Mercedes-Benz, Audi, BMW, and others.
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