Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. Wall Street on Tuesday monitored growing geopolitical concerns after Ukraine carried out a strike on Russia using American-made missiles. The S & P 500 cut its losses in midmorning trade and turned positive. But before then, we used the broader market weakness to look for Club holdings that shouldn’t be down, identifying CrowdStrike as a stock to buy . Shares of the cybersecurity firm fell at the open before bouncing back. We also have Palo Alto Networks in the portfolio to play the increasingly important cyber theme. Palo Alto reports Wednesday after the bell. Jim Cramer said he is “anticipating volatility” in the stock if the company doesn’t deliver a clean print. 2. Global tensions have been known to cause a rally in oil prices, but that wasn’t happening Tuesday. Both the U.S. and global crude benchmarks ticked lower. Nevertheless, Club oil-and-gas holding Coterra Energy is outperforming its peer group, up about 0.5% in the session versus a similar-sized decline for the S & P 500 energy sector. The stock, which at times has been frustrating to own, is on pace for its ninth positive session over the past 12. “We’re finally getting why we bought it,” Jim said. Coterra faced challenges earlier this year when President Joe Biden froze new liquefied natural gas (LNG) export approvals. The incoming Donald Trump administration is expected to be much friendlier to LNG, which plays into Coterra’s hands. On its earnings call earlier this month, management announced some LNG supply agreements that we feel good about. 3. Off-price retailer TJX Companies reports before the bell Wednesday. We’ve grown accustomed to the stock reacting poorly on the day it reports, Jim said, given management’s guidance tends to be conservative. More important is discussion about the retail inventory environment and the market share gains executives are seeing versus traditional, full-price retailers. We’re expecting solid results from the TJ Maxx and Marshalls parent, driven by deal-seeking customers. We’ll be listening for comments on the business impact of potentially steep tariffs under Trump. At around $119.50 a share Tuesday, the stock is less than $2 below its all-time closing high of $121.13 on Nov. 13. 4. Stocks covered in Tuesday’s rapid fire at the end of the video were: Walmart , Lowe’s , Medtronic , Vertiv , and AeroVironment . (Jim Cramer’s Charitable Trust is long CRWD, PANW, CTRA, TJX. 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.
Is it the IONIQ 2 or 3? We are finally getting our first official look at the new Hyundai EV that will debut at next month’s Munich Motor Show. Take a look at the images below.
Hyundai offers a first look at its new EV
Rumors of a new entry-level Hyundai have been spreading like wildfire over the past few months. After a few prototypes have been spotted out in public testing, some claim it’s the IONIQ 2, while others say it will be called the IONIQ 2.
Either way, the new model is almost here, and it sounds like it could shake things up. Hyundai dropped the first official images of the new EV on Tuesday, offering a glimpse of what’s to come.
Although it’s just a teaser, the images reveal a few new design elements that will be showcased. The rear spoiler appears to be roughly the same shape and size as the updated IONIQ 6, which is likely to feature a full-length LED light bar.
Advertisement – scroll for more content
The teaser comes after several test vehicles have been spotted recently, displaying a similar, upright, more SUV-like style reminiscent of the Kia EV2 concept.
Like its other IONIQ models and the Kia EV series, Hyundai’s new concept is likely to be based on its advanced E-GMP platform. It’s expected to fill the gap between the Inster EV and Kona Electric in Hyundai’s electric car lineup.
The interior is expected to be a step up from Hyundai’s current vehicles with a new infotainment system. Powered by its advanced new Pleos OS, the system will feel more like a smartphone.
Hyundai IONIQ 2 or IONIQ 3 EV spotted testing in Europe (Source: CarSpyMedia)
Hyundai has yet to announce prices, range, and other final specs. However, since the Kona Electric starts at £34,995 ($47,000) in the UK, it will likely be priced closer to £25,000 ($33,700), like the Kia EV2.
Similar to the Kia EV3, Hyundai’s new electric car will likely be offered with 58.3 kWh and 81.4 kWh battery packs. The former provides a WLTP range of 260 miles, while the latter is rated with a range of 365 miles on a single charge.
Hyundai’s next-gen infotainment system powered by Pleos (Source: Hyundai)
The new Hyundai EV will make its global debut at the Munich Motor Show in Germany, from September 9 through September 14.
Kia’s EV3 is already the most popular retail electric vehicle in the UK through the first half of 2025. Will Hyundai match it with the new model?
Hyundai will reveal two new sets of images over the next week, so be sure to check back for the latest updates.
FTC: We use income earning auto affiliate links.More.
The Tesla Model Y has long been a dominant force in the EV world. It is the best-selling electric vehicle in the world, and it briefly became the best-selling car globally.
But it is being seriously challenged. In China, the Model Y is already feeling the impact of Xiaomi’s YU7.
The Chinese electronic giant turned EV manufacturer compared virtually every spec and price to Tesla’s best-selling EV, and it wasn’t surprising since the YU7 compares extremely favorably to Tesla’s refreshed Model Y.
The impact of the YU7 has already been felt throughout the Chinese EV market, as many buyers are expected to wait more than a year for the vehicle due to the backlog of orders, and Xiaomi still needs to ramp up production.
Despite being only two months into the start of YU7 deliveries, the vehicle appears to already be putting pressure on the Model Y.
New insurance data shows Model Y versus YU7 deliveries over the last 3 months (via ThinkerCar):
The sheer volume of YU7 pre-orders disrupted the entire small EV SUV market in China, but it has settled back after it became clear that someone placing a new order wouldn’t get the vehicle until next year.
Nonetheless, as deliveries ramped up to over 3,000 units per week over the last two weeks, Tesla’s deliveries are going down and they are still far off their highs.
It is increasingly looking like the YU7 will have a similar impact on the Model Y as Xiaomi’s SU7 had on the Model 3.
Over the last year, the SU7, Xiaomi’s first EV, has been consistently outselling the Model 3. Earlier this month, there was hope that Model 3 was making a comeback, but it looks like it is already back to normal:
Tesla’s sales are down 6% year-to-date in China based on registration data.
Electrek’s Take
China is the most interesting EV market because it is by far the most competitive one. That’s because Chinese automakers are not penalized there like they are in other markets.
Furthermore, Tesla can’t complain since it basically got the same deal as Chinese automakers with its Gigafactory Shanghai in the free trade zone.
For the last 5 years, the American automaker enjoyed some dominance in the Chinese market, but now local companies have caught up and Xiaomi is one of the best examples.
The impact of the SU7 on Model 3 is undeniable.
It’s still early to see the impact of the YU7, but it appears to be happening already. It is also cannibalizing SU7 sales.
If this trend continues, it appears that YU7 will outsell Model Y by the end of the year – although I would expect Tesla to start cutting prices before then, likely with the new stripped-down Model Y, which should delay YU7 becoming the sales leader into next year.
FTC: We use income earning auto affiliate links.More.
The Yangwang U9 is an EV powerhouse, packing four electric motors and a whopping 1,300 horsepower, but the new Track Edition model takes it to the next level. After reaching nearly 300 mph, BYD’s Yangwang U9 set a new global EV speed record.
BYD Yangwang U9 sets a new global EV speed record
BYD launched the U9 in February, its first electric supercar and the second vehicle under its ultra-luxury Yangwang brand.
The Yangwang U9 made an explosive debut, showcasing its dance moves, jumping capabilities, and sleek sports car design.
Earlier this month, we learned BYD was developing a new Yangwang U9 Track Edition model, packing a monstrous over 3,000 hp (2,20 kW). The standard U9 already features four advanced electric motors, providing a combined power of nearly 1,300 hp.
Advertisement – scroll for more content
The souped-up variant has already set a global record, and it’s not even out yet. BYD announced on Tuesday that a Yangwang U9 Track Edition test vehicle broke the world EV speed record after reaching a ridiculous 472.41 km/h, or about 293 mph.
BYD’s Yangwang U9 electric supercar at 2024 GoodwoodFOS (Source: Yangwang)
The achievement was certified at the ATP Automotive Testing Papenburg test track in Germany, beating the old EV speed record by over 20%.
BYD said that this “marks the first time a Chinese domestic brand has achieved a world record in this field.” Not only does it mark a massive leap forward for the Chinese auto industry, but it also marks a significant milestone for electric vehicles as a whole.
The Yangwang U9 starts at 1,680,000 yuan in China, or about $233,000. That’s around half the cost of a new Ferrari SF90 Stradale or Lamborghini Aventador SVJ.
BYD’s Yangwang U9 is faster and even more affordable than most internal combustion engine (ICE) supercars. And the interior features “the smartest supercar cockpit,” BYD claims, powered by its advanced DiLink infotainment system. Which one are you taking?
You can see how fast BYD’s electric supercar really goes in its record-setting run in the video above. We should learn more about the new Yangwang U9 Track Edition model soon. Check back for the latest.
FTC: We use income earning auto affiliate links.More.