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The top 10 things to watch on Wednesday, Oct. 18

1. U.S. stock are under pressure in premarket trading Wednesday, with S&P 500 futures down 0.47%. Bond yields are steady, with that of the 10-year Treasury holding above 4.8%. And oil prices climb higher amid escalating tensions in the Middle East, as West Texas Intermediate crude trades up roughly 1.8%, at around $87 a barrel.

2. Club holding Procter & Gamble (PG) delivers a quarterly earnings beat, with organic sales up 7%. Gross margins increase 460 basis points versus last year. The company maintains its fiscal year 2024 earnings-per-share guidance range of $6.25 to $6.43, despite an incremental $600 million in currency headwinds.

3. Club name Morgan Stanley (MS) reports top and bottom-line beats, boosted by better-than-expected trading revenue. The bank says it repurchased $1.5 billion of stock in the quarter. Revenues at its wealth management division rise 4.6% but fall short of analysts’ forecasts, sending shares tumbling by 2.6% in premarket trading.

4. Abbott Laboratories (ABT) delivers a quarterly earnings beat, while raising the midpoint of its full-year outlook. Organic-sales growth from its base business is up 13.8%, with double-digit growth in all four business segments.

5. Citi and Morgan Stanley lower their price targets on Club name Nvidia (NVDA) following news Tuesday that the U.S. is planning to tighten export restrictions on artificial-intelligence chips bound for China. Morgan Stanley reduces its price target to $600 a share, down from $630, while Citi lowers to $575 a share, from $630. Both firms keep buy ratings on the semiconductor company. Can Nvidia thrive in the long term without China?

6. Shares of Visa (V) and Mastercard (MA) are down in premarket trading on the back of a Wall Street Journal report that contends the Federal Reserve is set to propose lowering debit-card swipe fees. But Jefferies says there would be very little risk to Visa and Mastercard.

7. Goldman Sachs recommends three oil stocks with valuation dislocations and room for positive production revisions — Club holding Coterra Energy (CTRA), Occidental Petroleum (OXY) and Antero Resources (AR). 

8. Wells Fargo says the third-quarter setup for restaurant stocks “isn’t great” but thinks margins could be a silver lining as sentiment is already terrible. The firm prefers McDonalds (MCD) and Club name Starbucks (SBUX), which it calls a “sneaky long.” The coffee stock can move higher if the company resets top-line expectations but maintains profit-margin upside, Wells Fargo argues.

9. JPMorgan says the online advertising market strengthened in the second quarter and through the third. The bank believes product initiatives in AI and ad tech are helping to improve advertiser returns. JPMorgan’s “top ad” names are Club holdings Meta Platforms (META) and Alphabet (GOOGL).

10. Bank of America shuffles its ratings on chemicals companies on signs petrochemical fundamentals are “near the bottom” — upgrading Dow Inc. (DOW), Huntsman Corp. (HUN) and LyondellBasell Industries (LYB), while downgrading Albemarle Corporation (ALB), Sherwin-Williams (SHW), and Westlake Corporation (WLK).

(See here for a full list of the stocks at 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.

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Double your chances in Climate XChange’s 10th Annual EV Raffle!

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Double your chances in Climate XChange's 10th Annual EV Raffle!

Climate XChange’s Annual EV Raffle is back for the 10th year running – and for the first time ever, Climate XChange has two raffle options on the table! The nonprofit has helped lucky winners custom-order their ideal EVs for the past decade. Now you have the chance to kick off your holiday season with a brand new EV for as little as $100.

About half of the raffle tickets have been sold so far for each of the raffles – you can see the live ticket count on Climate XChange’s homepage – so your odds of winning are better than ever.

But don’t wait – raffle ticket sales end on December 8!

Climate XChange is working hard to help states transition to a zero-emissions economy. Every ticket you buy supports this mission while giving you a chance to drive home your dream EV.

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Here’s how Climate XChange’s 10th Annual Raffle works:

Image: Climate XChange

The Luxury Raffle

  • Grand Prize: The winner can choose any EV on the market, fully customized up to $120,000. This year, you can split the prize between two EVs if the total is $120,000 or less.
  • Taxes covered: This raffle comes with no strings – Climate XChange also pays all of the taxes.
  • Runner-up prizes: Even if you don’t win the Grand Prize, you still have a chance at the 2nd prize of $12,500 and the 3rd prize of $7,500.
  • Ticket price: $250.
  • Grand Prize Drawing: December 12, 2025.
  • Only 5,000 tickets will be sold for the Luxury Raffle.

The Mini Raffle (New for 2025)

  • Grand Prize: Choose any EV on the market, fully customized, up to $45,000. This is the perfect raffle if you’re ready to make the switch to an EV but aren’t in the market for a luxury model.
  • Taxes covered: Climate XChange pays all the taxes on the Mini Raffle, too.
  • Ticket price: $100.
  • Only 3,500 tickets will be sold for the Mini Raffle.

Why it’s worth entering

For a decade, Climate XChange has run a raffle that’s fair, transparent, and exciting. Every ticket stub is printed, and the entire drawing is live-streamed, including the loading of the raffle drum. Independent auditors also oversee the process.

Plus, your odds on the Luxury and Mini Raffles are far better than most car raffles, and they’re even better if you enter both.

Remember that only 5,000 tickets will be sold for the Luxury Raffle and only 3,500 for the Mini Raffle, and around half of the available tickets have been sold so far, so don’t miss your shot at your dream EV!

Climate XChange personally works with the winners to help them build and order their dream EVs. The winner of the Ninth Annual EV Raffle built a gorgeous storm blue Rivian R1T.

How to enter

Go to CarbonRaffle.org/Electrek before December 8 to buy your ticket. Start dreaming up your perfect EV – and know that no matter what, you’re helping accelerate the shift to clean energy.

Who is Climate XChange?

Climate XChange (CXC) is a nonpartisan nonprofit working to help states pass effective, equitable climate policies because they’re critical in accelerating the transition to a zero-emissions economy. CXC advances state climate policy through its State Climate Policy Network (SCPN) – a community of more than 15,000 advocates and policymakers – and its State Climate Policy Dashboard, a leading data platform for tracking climate action across the US.

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This fun-vibes Honda Cub lookalike electric scooter is now almost half off

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This fun-vibes Honda Cub lookalike electric scooter is now almost half off

The CSC Monterey – one of the most charming little electric scooters on the US market – has dropped to a shockingly low $1,699, down from its original $2,899 MSRP. That’s nearly half off for a full-size, street-legal electric scooter that channels major Honda Super Cub energy, but without the gas, noise, or maintenance of the original.

CSC Motorcycles, based in Azusa, California, has a long history of importing and supporting small-format electric and gas bikes, but the Monterey has always stood out as the brand’s “fun vibes first” model. With its step-through frame, big retro headlight, slim bodywork, and upright seating position, it looks like something from a 1960s postcard – just brought into the modern era with lithium batteries and a brushless hub motor.

I had my first experience on one of these scooters back in 2021, when I reviewed the then-new model here on Electrek. I instantly fell in love with it and even got one for my dad. It now lives at his place and I think he gets just as much joy from looking at it in his garage as riding it.

You can see my review video below.

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The performance is solidly moped-class, which is exactly what it’s designed for. A 2,400W rear hub motor pushes the Monterey up to a claimed 30 mph or 48 km/h (I found it really topped out at closer to 32 mph or 51 km/h), making it perfect for city streets, beach towns, and lower-speed suburban routes.

A 60V, roughly 1.6 kWh removable battery offers around 30–40 miles (48-64 km) of real-world range, depending on how aggressively you twist the throttle. It’s commuter-ready, grocery-run-ready, and campus-ready right out of the crate.

It’s also remarkably approachable. At around 181 pounds (82 kg), the Monterey is light for a sit-down scooter, making it easy to maneuver and park. There’s a small storage cubby, LED lighting, and the usual simple twist-and-go operation. And it comes with full support from CSC, a company that keeps a massive warehouse stocked with components and spare parts.

My sister has a CSC SG250 (I’m still trying to convert her to electric) and has gotten great support from them in the past, including from their mechanics walking her through carburetor questions over the phone. So I know from personal experience that CSC is a great company that stands behind its bikes.

But the real story here is the price. Scooters in this class typically hover between $2,500 and $4,500, and electric retro-style models often jump well above that.

At $1,699, the Monterey is one of the least expensive street-legal electric scooters available from a reputable US distributor, especially one that actually stocks parts and provides phone support.

If you’ve been curious about swapping a few car errands for something electric – or you just want a fun, vintage-styled runabout for getting around town – this is one of the best deals of the year.

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Podcast: Tesla Robotaxi setback, Mercedes-Benz CLA EV, Bollinger is over, and more

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Podcast: Tesla Robotaxi setback, Mercedes-Benz CLA EV, Bollinger is over, and more

In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss a big Tesla Robotaxi setback, the new Mercedes-Benz CLA EV, Bollinger is over, and more.

Today’s episode is brought to you by Climate XChange, a nonpartisan nonprofit working to help states pass effective, equitable climate policies. Sales end on Dec. 8th for its 10th annual EV raffle, where participants have multiple opportunities to win their dream model. Visit CarbonRaffle.org/Electrek to learn more.

The show is live every Friday at 4 p.m. ET on Electrek’s YouTube channel.

As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.

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After the show ends at around 5 p.m. ET, the video will be archived on YouTube and the audio on all your favorite podcast apps:

We now have a Patreon if you want to help us avoid more ads and invest more in our content. We have some awesome gifts for our Patreons and more coming.

Here are a few of the articles that we will discuss during the podcast:

Here’s the live stream for today’s episode starting at 4:00 p.m. ET (or the video after 5 p.m. ET:

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