Despite a downbeat month for stocks and mounting macroeconomic uncertainty, several Club names outperformed the market in October — and landed in the green. While the S & P 500 had its third consecutive down month — weighed down in part by soaring yields on government bonds and a mixed start to third-quarter earnings season — we held our conviction on certain names and put cash to work as our discipline mandates. Indeed, we made four small buys last week amid an oversold market. Meanwhile, the benchmark index slumped in October, down 2.2% month-to-date. Around 38% of companies listed on the index were outperformers, with just over 29% of listed companies in positive territory for the month of October. The S & P closed up 0.67% Tuesday. Meanwhile, 19 of the Club’s 34 holdings — roughly 55% of the portfolio — outperformed the index for the month. And a total of 15 stocks beat the S & P 500 while ending the month in positive territory — the top 10 of which we unpack here. FL YTD mountain Foot Locker (FL) year-to-date performance Shares of Foot Locker (FL) surged 21% month-to-date, bolstered by peer Nike (NKE) releasing strong quarterly earnings results on Sept. 28. The sneaker giant, which touted improving inventory levels, beat on profit and gross margins, sending its stock soaring. Still, we’re hesitant to chase Foot Locker’s rally. That’s because of Nike’s ongoing reset of its relationship with Foot Locker, as it focuses on expanding its direct-to-consumer business while de-emphasizing wholesale channels. Foot Locker reports quarterly results on Nov. 17. HUM YTD mountain Humana (HUM) year-to-date performance Humana (HUM) shot up 7.6% month-to-date. The health insurance company has been catching up since June when shares experienced a 11% single-day drop on concerns about prolonged higher utilization rates. These woes failed to materialize after a brutal selloff, prompting a slight rebound for the firm in October. On Oct. 6, the Club sold 15 shares of Humana as a result, booking small profits after waiting out the stock’s slump. The company reports third-quarter results on Wednesday. Shares of Humana, which are up 2.2% year-to-date, edged 1% higher Tuesday, to close at $524 apiece. MSFT YTD mountain Microsoft (MSFT) year-to-date performance Microsoft (MSFT), whose shares are up 7.1% month-to-date, has been on a tear since its fiscal first-quarter earnings release on Oct. 24. The Big Tech name recorded revenue beats across the board. Investors, however, cheered a surprise acceleration in revenue at Microsoft’s cloud computing business, Azure, showing that the software giant’s massive bet on artificial intelligence has been paying off. The Club believes Azure will be a key long-term growth driver for Microsoft as the world continues to shift to cloud computing. The software giant’s stock, up 41% since the start of 2023, ticked nearly 1% higher Tuesday, to close at $337.60 per share. AMZN YTD mountain Amazon (AMZN) year-to-date performance Shares of Amazon (AMZN) climbed 4.7% throughout October on the company’s better-than-expected third-quarter results . The ecommerce giant beat analysts’ estimates for earnings, boosted by improving profitability in its retail business, but fell short on concerns over the performance of the Amazon Web Services cloud unit. Once worries over AWS were dismissed by CEO Andy Jassy on the post-earnings conference call, shares pushed higher. Amazon, which jumped 58% year-to-date, traded slightly higher Tuesday, to close at $133 apiece. PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance Shares of Palo Alto Networks (PANW) rose 3.7% month-to-date. The stock has been lifted by strength in the cybersecurity sector, an industry thought to be a haven for investors amid macroeconomic uncertainty. Enterprises need protection regardless of the state of the economy. Palo Alto surged 1.7% during Tuesday trading at $242.7 apiece. The company is up 74% year-to-date. LLY YTD mountain Eli Lilly (LLY) year-to-date performance Eli Lilly (LLY) is up 3.1% month-to-date after a weak September performance. Still, there’s a lot of anticipation around Lilly’s GLP-1 drug Mounjaro , which should prove to be an ongoing tailwind for the pharmaceuticals firm. Eli Lilly reports third-quarter results on Thursday. The stock declined 2% during Tuesday, to close at $554 a share. Still, shares are up 54% year-to-date. PG YTD mountain Procter & Gamble (PG) year-to-date performance Procter & Gamble (PG) edged 2.9% higher in October. Shares of the company got a boost from fiscal first-quarter results that topped analysts’ expectations for earnings and revenue. P & G, down 1% year-to-date, edged slightly higher on Tuesday, to close at $150 a share. LIN YTD mountain Linde (LIN) year-to-date performance Shares of Linde (LIN) rebounded on the company’s stellar quarterly earnings release last week. The industrial gas giant reported double-digit earnings growth and solid operating-margin expansion, along wit an upbeat profit outlook. The stock, up 2.6% in October, has surged 17.2% year-to-date. Shares of Linde gained 0.87% Tuesday, to close at $382.16 each. SWK YTD mountain Stanley Black & Decker (SWK) performance year-to-date Stanley Black & Decker (SWK) increased 1.8% in October on better-than-expected earnings . On Oct. 27, the tool manufacturer’s quarter showed continued progress on its cost savings plans and inventory-reduction programs. The Club reiterated a 1 rating on Stanley Black & Decker on Tuesday. The stock, up 13.2% year to date, edged nearly 1% higher Tuesday, to close at roughly $85 a share. CTRA YTD mountain Coterra (CTRA) year-to-date performance Coterra Energy (CTRA) notched gains of 1.7% in October. The company has received a boost from continued strength in natural gas, along with crude oil gains on the back of the escalating conflict in the Middle East following Palestinian militant group Hamas’ attack on Israel earlier this month. While there is no major oil production in Israel and the Palestinian Territories, analysts have said a broader conflict in the Middle East could create risks for oil supplies. Shares of the company were steady during Tuesday trading, closing at $27.46 apiece. Coterra stock has risen 11.9% since the start of 2023. (Jim Cramer’s Charitable Trust is long FL, HUM, SWK, MSFT, LLY, CTRA, PANW, PG, AMZN, LIN . 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.
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 26, 2023.
Brendan Mcdermid | Reuters
Despite a downbeat month for stocks and mounting macroeconomic uncertainty, several Club names outperformed the market in October — and landed in the green.
If you’ve ever wondered what happens when you combine a fruit cart, a cargo bike, and a Piaggio Ape all in one vehicle, now you’ve got your answer. I submit, for your approval, this week’s feature for the Awesomely Weird Alibaba Electric Vehicle of the Week column – and it’s a beautiful doozie.
Feast your eyes on this salad slinging, coleslaw cruising, tuber taxiing produce chariot!
I think this electric vegetable trike might finally scratch the itch long felt by many of my readers. It seems every time I cover an electric trike, even the really cool ones, I always get commenters poo-poo-ing it for having two wheels in the rear instead of two wheels in the front. Well, here you go, folks!
Designed with two front wheels for maximum stability, this trike keeps your cucumbers in check through every corner. Because trust me, you don’t want to hit a pothole and suddenly be juggling peaches like you’re in Cirque du Soleil: Farmers Market Edition.
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To avoid the extra cost of designing a linked steering system for a pair of front wheels, the engineers who brought this salad shuttle to life simply side-stepped that complexity altogether by steering the entire fixed front end. I’ve got articulating electric tractors that steer like this, and so if it works for a several-ton work machine, it should work for a couple hundred pounds of cargo bike.
Featuring a giant cargo bed up front with four cascading fruit baskets set up for roadside sales, this cargo bike is something of a blank slate. Sure, you could monetize grandma’s vegetable garden, or you could fill it with your own ideas and concoctions. Our exceedingly talented graphics wizard sees it as the perfect coffee and pastry e-bike for my new startup, The Handlebarista, and I’m not one to argue. Basically, the sky is the limit with a blank slate bike like this!
Sure, the quality doesn’t quite match something like a fancy Tern cargo bike. The rim brakes aren’t exactly confidence-inspiring, but at least there are three of them. And if they should all give out, or just not quite slow you down enough to avoid that quickly approaching brick wall, then at least you’ve got a couple hundred pounds of tomatoes as a tasty crumple zone.
The electrical system does seem a bit underpowered. With a 36V battery and a 250W motor, I don’t know if one-third of a horsepower is enough to haul a full load to the local farmer’s market. But I guess if the weight is a bit much for the little motor, you could always do some snacking along the way. On the other hand, all the pictures seem to show a non-electric version. So if this cart is presumably mobile on pedal power alone, then that extra motor assist, however small, is going to feel like a very welcome guest.
The $950 price is presumably for the electric version, since that’s what’s in the title of the listing, though I wouldn’t get too excited just yet. I’ve bought a LOT of stuff on Alibaba, including many electric vehicles, and the too-good-to-be-true price is always exactly that. In my experience, you can multiply the Alibaba price by 3-4x to get the actual landed price for things like these. Even so, $3,000-$4,000 wouldn’t be a terrible price, considering a lot of electric trikes stateside already cost that much and don’t even come with a quad-set of vegetable baskets on board!
I should also put my normal caveat in here about not actually buying one of these. Please, please don’t try to buy one of these awesome cargo e-trikes. This is a silly, tongue-in-cheek weekend column where I scour the ever-entertaining underbelly of China’s massive e-commerce site Alibaba in search of fun, quirky, and just plain awesomely weird electric vehicles. While I’ve successfully bought several fun things on the platform, I’ve also gotten scammed more than once, so this is not for the timid or the tight-budgeted among us.
That isn’t to say that some of my more stubborn readers haven’t followed in my footsteps before, ignoring my advice and setting out on their own wild journey. But please don’t be the one who risks it all and gets nothing in return. Don’t say I didn’t warn you; this is the warning.
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The OPEC logo is displayed on a mobile phone screen in front of a computer screen displaying OPEC icons in Ankara, Turkey, on June 25, 2024.
Anadolu | Anadolu | Getty Images
Eight oil-producing nations of the OPEC+ alliance agreed on Saturday to increase their collective crude production by 548,000 barrels per day, as they continue to unwind a set of voluntary supply cuts.
This subset of the alliance — comprising heavyweight producers Russia and Saudi Arabia, alongside Algeria, Iraq, Kazakhstan, Kuwait, Oman and the United Arab Emirates — met digitally earlier in the day. They had been expected to increase their output by a smaller 411,000 barrels per day.
In a statement, the OPEC Secretariat attributed the countries’ decision to raise August daily output by 548,000 barrels to “a steady global economic outlook and current healthy market fundamentals, as reflected in the low oil inventories.”
The eight producers have been implementing two sets of voluntary production cuts outside of the broader OPEC+ coalition’s formal policy.
One, totaling 1.66 million barrels per day, stays in effect until the end of next year.
Under the second strategy, the countries reduced their production by an additional 2.2 million barrels per day until the end of the first quarter.
They initially set out to boost their production by 137,000 barrels per day every month until September 2026, but only sustained that pace in April. The group then tripled the hike to 411,000 barrels per day in each of May, June, and July — and is further accelerating the pace of their increases in August.
Oil prices were briefly boosted in recent weeks by the seasonal summer spike in demand and the 12-day war between Israel and Iran, which threatened both Tehran’s supplies and raised concerns over potential disruptions of supplies transported through the key Strait of Hormuz.
At the end of the Friday session, oil futures settled at $68.30 per barrel for the September-expiration Ice Brent contract and at $66.50 per barrel for front month-August Nymex U.S. West Texas Intermediate crude.
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 Trump’s Big Beautiful bill becoming law and going after EVs and solar, Tesla, Ford, and GM EV sales, Electrek Formula Sun, and more
Today’s episode is brought to you by Bosch Mobility Aftermarket—A global leader and trusted provider of automotive aftermarket parts. To celebrate Amazon Prime Day July 8th through 11th, Bosch Mobility is offering exclusive savings on must-have auto parts and tools. Learn more here.
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