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.
Following a lawsuit brought against the California Air Resources Board (CARB) by major heavy truck manufacturers over California’s emissions requirements, CARB has struck back with fresh lawsuit of its own alleging that the manufacturers violated the terms of the 2023 Clean Truck Partnership agreement to sell cleaner vehicles.
Daimler Truck North America, International Motors, Paccar and Volvo Group North America sued the California Air Resources Board in federal court this past August, seeking to invalidate the Clean Truck Partnership emissions reduction deal they signed with the state in 2023 to move away from traditional trucks and toward zero-emission vehicles (ZEVs). The main point of the lawsuit was that, because the incoming Trump Administration rolled back Environmental Protection Agency (EPA) policies that had previously given individual states the right to set their own environmental and emissions laws, the truck makers shouldn’t have to honor the deals signed with individual states.
“Plaintiffs are caught in the crossfire: California demands that OEMs follow preempted laws; the United States maintains such laws are illegal and orders OEMs to disregard them,” the lawsuit reads. “Accordingly, Plaintiff OEMs file this lawsuit to clarify their legal obligations under federal and state law and to enjoin California from enforcing standards preempted by federal law.”
After several weeks of waiting for a response, we finally have one: CARB is suing the OEMs right back, claiming that the initial suit proves the signing manufacturers, “(have) unambiguously stated that they do not intend to comply.”
The agency is asking the court to compel the truck companies to perform on their 2023 obligations or, failing that, to allow CARB to rescind the contract and recover its costs. A hearing on the truck makers’ request for a preliminary injunction was held Friday, with another court date set for November 21, when CARB will seek to dismiss the case brought forth by the truck brands. The outcome of these cases could shape how state and federal government agencies cooperation on emissions rules in the future.
You can read the full 22-page lawsuit, below, then let us know what you think of CARB’s response (and their chances of succeeding) in the comments.
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
FTC: We use income earning auto affiliate links.More.
Starting this month, parking lots in South Korea with more than 80 spaces will be required to install solar canopies and carports. But, unlike similar laws that have been proposed in the US, this new law doesn’t just apply to new construction – existing lots will have to comply as well!
South Korea’s Ministry of Trade, Industry and Energy announced in August that it has prepared an amendment to the Enforcement Decree of the Act on the Promotion of the Development, Use, and Diffusion of New and Renewable Energy to the effect that all publicly- and privately-owned parking lots in the Asian country with room for more than 80 vehicles will be compelled to add solar panels to their lots in a move designed to proactively expand renewable energy and create more solar and construction jobs.
In addition to creating jobs and working to stabilize the local grid with more renewable energy, the proposed solar canopies will offer a number of practical, day-to-day benefits for Korean drivers, as well.
The shaded structures will protect vehicles from heavy rain, snow, and the blistering summer sun — keeping interiors cooler, extending the life of plastics and upholstery, and even helping to preserve battery range in EVs and PHEVs by reducing their AC loads (and, of course, provide charging while the cars are parked).
Advertisement – scroll for more content
To their credit, Ministry officials absolutely get it. “Through this mandatory installation,” one unnamed official told Asia Business Daily, “we expect to expand the distribution of eco-friendly renewable energy generation facilities while providing tangible benefits to the public. By utilizing idle land such as parking lots, we can maximize land use efficiency. In addition, installing canopy-type solar panels can provide shade underneath, offering noticeable comfort to people using parking lots during hot weather.”
South Korea is proving that an idea like is practical. Here in the US, we’re proving that out, too – the Northwest Fire District in Arizona partnered with Standard Solar to build a conceptually similar, 657 kW solar carport system across 12 parking lots (shown, above) that delivers more than 1.23 million kWh of clean, emissions-free power annually and offsets the equivalent of 185,000 vehicles’ worth of harmful carbon emissions.
That’s just Arizona. In New York, a new initiative to help expand solar into parking lots has more than doubled commercially zoned land where EV charging stations can be sited, “freeing up” an additional 400 million square feet of space throughout the city.
What do you guys think – would something like this work in the US, or are we too far gone down the sophomoric, pseudo-libertarian rabbit hole to ever dig our way out? Let us know your take in the comments.
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
FTC: We use income earning auto affiliate links.More.
Autonomous taxi company Waymo faced scrutiny last month when a car was caught on video illegally passing a stopped school bus that was letting children off in Atlanta. Now, the National Highway Traffic Safety Administration (NHTSA) is looking into it.
Georgia State Representative Clint Crowe seemed stunned after being presented with video of a Waymo driverless car illegally passing a stopped school bus on Briarcliff Road in Atlanta last month. “I’m a big fan of new technologies and emerging technologies and I think that driverless cars are going to become more prevalent,” he told local NBC news affiliate WBIR. “But we got [sic] to think about how they’re going to comply with the law.”
WBIR | Waymo illegally passes school bus
Crowe co-sponsored Addy’s Law in 2024. The legislation was named after 8-year-old Addy Pierce, who was killed in Henry County after being struck while crossing the street to get to her bus. The law stiffened penalties for illegally passing a stopped school bus, carrying penalties of up to $1,000 in fines and even jail time.
According to Crowe, those rules still apply to autonomous vehicles. “The majority of our traffic laws, the penalty is usually a fine and or driver’s license suspension. These cars don’t have a driver, so they don’t have a driver’s license and so we’re really going to have to rethink who’s the responsible party, who’s going to be responsible for being in control of that vehicle and who’s going to be the operator of that vehicle,” he said.
Crowe believes manufacturers should face stronger consequences when their vehicles break the law, saying the $1,000 fine doesn’t go far enough.
Now, thanks to pressure from social media and politicians like Crowe and Geoirgia State Senator Rick Williams, who helped co-author Addy’s Law, it seems like NHTSA is getting involved.
Prompted by media reports, the US Department of Transportation issued an investigation regarding Waymo’s AV, which states that, “the AV initially stopped, but then drove around the front of the bus by briefly turning right to avoid running into the bus’s right front end, then turning left to pass in front of the bus, and then turning further left and driving down the roadway past the entire left side of the bus. During this maneuver, the Waymo AV passed the bus’s extended crossing control arm near disembarking students (on the bus’s right side) and passed the extended stop arm on the bus’s left side.”
Advertisement – scroll for more content
While it remains to be seen how much work NHTSA is actually doing amid the ongoing shutdown of the Federal government, it’s worth noting that, regardless of the outcome, Senator Williams said he plans to introduce new legislation that would hold driverless car companies accountable with higher fines if their vehicles violate traffic laws. If that passes in Georgia, it could set the stage for politicians across the US and even abroad to use similar fins to halt the spread of autonomous taxis in their states.
We’re typically pretty tech- and autonomous-forward here, but as a parent I would absolutely lose my s*** if a Waymo or Robotaxi or whatever else ran over my kid. but I’ve also seen plenty of human drivers blow past a school bus with a knee on the steering wheel and both eyes glued firmly to their phones. Let us know who you’d be more ready to trust with your kids’ lives in the comments.
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
FTC: We use income earning auto affiliate links.More.