It was a tough, choppy week for stocks, but the oversold market gave us many opportunities to put some of our cash to work selectively. The Club added to five of our positions. The S & P 500 made another attempt early Friday to break its six-session losing streak but failed. Growing fears around the Federal Reserve keeping interest rates higher for longer and escalating tensions in the Middle East overshadowed generally positive earnings. Club Director of Portfolio Analysis Jeff Marks said Friday, “We’re still waiting for that truly ugly open before stepping up our buys.” Until then, he said to “stay opportunistic but be gradual.” That was our approach last week. Here’s a day-by-day look at each of the trades. Monday Best Buy Bought 200 more shares of Best Buy Jim Cramer’s Charitable Trust , the portfolio used by the CNBC Investing Club, owned 800 shares after the trade Best Buy’s weighting in the portfolio increased to 2% from 1.48% The Club purchased more shares of electronics retailer Best Buy on signs of improving fundamentals, specifically a rebound in personal computer sales. The PC market is embarking on an upgrade and replacement cycle, which should usher more demand for Best Buy’s offerings. Shares have been pressured since our March 27 initiation but not for anything that could ding our thesis. BBY YTD mountain Best Buy YTD Tuesday Tuesday was our busiest for trades, with adds to three companies: Oil and natural gas producer Coterra Energy , Mexican beer king Constellation Brands and Best Buy. Coterra Energy Bought 300 more shares of Coterra The portfolio held 2,900 shares after the trade Coterra’s weighting increased to 2.5% from 2.23% The Coterra trade was spurred by rising oil prices due to escalating tensions in the Mideast. The stock serves as a hedge in the portfolio against geopolitical uncertainty as Iran and Israel traded attacks by air, and the Israeli-Hamas war and Russia’s war in Ukraine continued. Coterra benefits from rising commodity prices. We know the company pivoted earlier this year to oil and lighter on nat gas, which has been under pressure. CTRA YTD mountain Coterra Energy YTD Constellation Brands Bought 25 more shares of Constellation The portfolio owned 375 shares after the trade Constellation’s weighting increased to 3.05% from 2.85% The Club added to Constellation Brands because we thought the beer maker’s stock was overly punished. Shares went on a four-session losing streak, starting one day after the company posted solid quarterly results . The pullback didn’t make sense to us. The April 11 earnings release detailed continued sales growth, along with an upbeat full-year outlook. In down markets, Constellation stock rose Thursday and Friday. STZ YTD mountain Constellation Brands (STZ) year-to-date performance Best Buy Bought 100 more shares of Best Buy The portfolio held 900 shares after this second trade of the week Best Buy’s weighting increased to 2.15% from 1.94% The Club purchased Best Buy stock for the second time in as many days — and for the third time since starting the position in late March. Wednesday Abbott Laboratories Bought 100 more shares of Abbott The portfolio owned 800 shares after the trade Abbott’s weighting increased to 2.8% from 2.45% Abbott posted stronger-than-expected quarterly earnings Wednesday, but the stock dropped 3%. We bought more on the weakness because the fiscal results indicated great things ahead for the fast-growing medtech company. We like that management raised Abbott’s full-year outlook for earnings and organic sales. ABT YTD mountain Abbott Laboratories (ABT) year-to-date performance Thursday Estee Lauder Bought 50 more shares of Estee Lauder The portfolio held 475 shares after the trade Estee Lauder’s weighting increased to 2.1% from 1.9% Estee Lauder shares have given back all of their gains since the cosmetic giant’s post-earnings advance back in February. At the time, CEO Fabrizio Freda said the firm had reached an “inflection point” and would return to profitability in the second half of 2024. On Thursday, we made a small buy of 50 shares and upgraded the stock to our buy-equivalent 1 rating — hoping we can trust management’s earlier optimism. Estee Lauder is set to report its latest quarter on May 1. EL YTD mountain Estee Lauder (EL) year-to-date performance (Jim Cramer’s Charitable Trust is long CTRA, BBY, STZ, EL, ABT. 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 of the New York Stock Exchange on April 1, 2024.
Brendan Mcdermid | Reuters
It was a tough, choppy week for stocks, but the oversold market gave us many opportunities to put some of our cash to work selectively.
Solar energy is booming across the U.S. and, for the first time, Florida is catching up to industry powerhouses Texas and California.
Despite removing climate change from its official state policy in 2024, Florida added more utility-scale solar than California last year, with over 3 gigawatts of new capacity coming online.
“This is not a fluke,” said Sylvia Leyva Martinez, senior analyst at Wood Mackenzie. “Florida is now shaping national solar growth.”
The surge is being driven by utilities, not rooftop panels. Florida Power & Light alone built over 70% of the state’s new solar last year. A state rule lets developers skip lengthy siting reviews for projects under 75 megawatts, which speeds up construction and cuts costs.
“There’s no silver bullet,” said Syd Kitson, founder of Babcock Ranch, a town designed to be powered almost entirely by solar. “But one thing Florida got right is acceptance. Here, people want solar. And we’re proving it works.”
“We didn’t lose power, internet, or water,” said Don Bishop, a homeowner there. “That changes how you think about energy.”
The economics are doing the rest. With industrial demand rising and natural gas prices climbing, solar is increasingly the cheapest option, even without subsidies.
“Utilities aren’t building solar because it’s green,” Martinez said. “They’re doing it because it’s cheaper.”
But new challenges are emerging.
In July, President Trump signed the One Big Beautiful Bill, which accelerates the rollback of solar and wind tax credits. Homeowners lose the federal investment credit after 2025. Developers face tighter deadlines and stricter sourcing rules.
“It won’t kill the market,” said Zoë Gaston, an analyst who follows the solar industry at Wood Mackenzie. “But it makes the math harder.”
Analysts now expect a 42% drop in rooftop solar installs in Florida over the next five years. And while utility-scale growth continues, grid constraints are becoming an issue. Utilities are pouring money into storage, smart infrastructure, and grid upgrades to keep up.
Babcock Ranch is piloting new microgrid systems to add resilience. The hope is that other communities can take the playbook and adapt it, storm-proofing neighborhoods one block at a time.
“We’ve been testing this for years,” Kitson said. “Now it’s about scale. It’s about showing others they can do it too.”
The bigger question is whether Florida can keep this momentum going without policy support, and while still leaning heavily on natural gas.
“Florida has the solar resources,” said Mark Jacobson, a professor at Stanford’s Department of Civil and Environmental Engineering. “What’s missing is political consistency.”
Watch the video to see how Florida became a solar leader and what could slow it down.
Tesla opened its retro-futuristic “Tesla Diner” last Monday, July 21st. It’s a cool concept and the realization of a plan that was first talked about in 2018… but in the 12 days since it opened, it hasn’t been all roses so far.
The diner has been through a few twists and turns since it was first proposed by Tesla CEO Elon Musk on a conference call in 2018. At first, the plan was to build it alongside a Supercharger location in Santa Monica, but the restaurant portion didn’t get off the ground and Tesla just build a Supercharger location there instead.
Then Tesla moved the project to Hollywood… on Santa Monica Blvd. So, kind of still Santa Monica, right? It took the place of an old Shakey’s Pizza, and has been under construction for quite some time.
The plans were to offer a diner with a Supercharger, carhop service, large drive-in movie screens and a retro-futuristic aesthetic around it all. It opened on July 21st, at 4:20pm (420 being a reference to Musk’s reported drug addictions), delivering all that, along with a merchandise shop and one of Tesla’s Optimus robots serving popcorn.
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Pretty much immediately, the Diner had quite a festive atmosphere. The line to get food has reportedly consistently been an hour or more long since it was opened, which speaks to the site’s popularity – but perhaps also a failure to provide the kind of rapid service that a fast casual diner with car service might seek to offer.
Given that the site is also a Supercharger, one would expect to have a premium on fast service, so that cars don’t end up parked in spots for too long which could otherwise be used for fast charging (Tesla charges idle fees for EVs which charge for too long and clog up chargers, but we’ve heard conflicting information over whether these idle fees apply to people waiting for food at the Diner)
One remedy for these long lines, though, is Tesla’s in-car computer, which cleverly allows drivers to order food from inside their car ahead of time while navigating to the site. Tesla then knows when the driver will show up, based on in-car navigation, and theoretically can have the order ready by then – but perhaps that will become more relevant once lines die down.
In theory, it definitely does seem like a “Supercharger done right.” We’ve covered several instances of these, charging plazas that aren’t just a place to charge, but which offer other amenities that drivers might want while charging – like ROVE’s Santa Ana “full service” charger with grocery store, lounge and car wash; or Rivian’s “Outpost” locations. And we definitely want to see more of this, giving people things to do while they’re charging, which can lead to electric roadtrips feeling even better than gas ones.
But so far the Diner hasn’t been without its problems, and we’ve heard a number of them in the past 12 days.
Some of the problems Tesla Diner has seen since opening
Both during construction and now that the site is open, many of the site’s neighbors aren’t particularly happy, according to a 404 media article including several interviews. An apartment block directly beside the site has seen significant turnover and vacancies as renters were fed up with years of construction, operating 14 hours a day, and loud generators that also emitted polluting exhaust.
Residents in the article were afraid to use their full names, lest they be exposed to abuse by Tesla fans as a result – something that we at Electrek can attest to, having received similar responses after writing truthful articles about the company.
Some renters have had their windows blocked by the 40-foot-tall movie screen, and while the screen doesn’t produce sound itself (that’s piped through vehicle speakers), it does have fans on the back of it which make a constant whir – thus blocking their view and adding noise pollution.
And since the diner is open 24/7, there’s no reprieve from the hustle and bustle, which has also caused traffic backups along the small nearby streets and has forced the apartment building to reinforce its entry door.
Much of this could be blamed on the planning commission, perhaps, for allowing the project to go on as-is – assuming Tesla was upfront about the site’s uses. And some of the chaos will calm down once the novelty of the site goes down, and some noise is to be expected for those living in a relatively busy part of the LA area in the first place. One resident did say they liked the hustle and bustle, but according to the article, this resident seems to be in the minority.
Beyond the planning issues and busy nature of the site, there have been several operational issues so far.
On the very first day, Tesla’s popcorn-scooping Optimus robot failed. Tesla has touted its expertise with “real-world AI,” using its Optimus robots as an example, showing the robot’s dexterity and ability to do factory tasks. But the problem is, in most public displays of the robot so far, it has been teleoperated – that is, remote controlled by a human. Reportedly, Diner employees confirmed that the popcorn-bot was teleoperated, despite doing quite a simple and repetitive task.
$TSLA optimus froze and couldn’t serve popcorn at Tesla diner
The robot also has multiple tenders – videos show Diner employees handing popcorn containers to it, as it can’t separate the containers itself, and having to refill the popcorn machine and clean up any dropped popcorn. Combine those employees and the reported teleoperator for the robot, and this feels like we’re seeing a decrease in labor efficiency here, rather than an increase.
One widely-shared report showed perishable items stacked outside – but given that it was just a single photo, it seems likely that these items were mid-delivery.
More concerningly, TMZ reported that a woman was struck on the head by an awning/umbrella, and her husband claimed that she appeared confused and briefly lost consciousness afterwards. The LA Fire Department responded and the woman left the scene without an ambulance.
And of course, as is the case with anything Tesla these days, the Diner has attracted controversy. In Los Angeles – a city which is currently being occupied by nazi-like goons who are demanding that residents show their papers lest they be kidnapped and potentially shipped to a death camp – the man who last year became the largest individual global funder of the fascist regime that is now causing these illegal disappearances is not very popular. And you don’t have to go far back to remember when Musk himself said that his current actions are “not good for America or the world.”
Tesla locations in the LA area (and around the globe) have been subject to routine “Tesla Takedown” protests for months, starting after Musk did two clear nazi salutes and had spent his first few weeks in an advisory role in which he recommended that the US government haphazardly and illegally cut thousands of important jobs, increasing government chaos and ballooning the US deficit.
The protests also note Musk’s recommendation to cut USAid, an incredibly effective and relatively inexpensive international soft power program for the US, cuts of which are projected to cause millions of deaths globally (USAID is credited with saving 91 million lives from 2001-2021).
On the Diner’s first day, a lone protester showed up, a harbinger of things to come. Then, on it’s first weekend, the protest became much more significant – with protesters erecting two “wacky waving inflatable arm men” designed to look like Musk and repeatedly mimic his nazi salutes.
Another protest is scheduled for later today, starting at 4PM, and Tesla Takedown plans to protest from 4-7pm every Saturday and Sunday until further notice.
Finally, one video called the whole thing, and particularly the long line for dining, a “disaster.” It pointed out the difficulty a new Ioniq 6 owner was having with operating his Tesla app to grab a Supercharge (Tesla’s network is now open to Hyundai EVs). This did not appear to be a site-specific problem, rather an issue with the Tesla app as best we can tell, but the frustration of all the traffic chaos must not have made attempts to find a solution any easier.
While Tesla does have a spotlight on everything it does, this seems like a significant collection of difficulties and unforced errors for less than two weeks of operation (hmm, where have we seen something similar before…). Let’s see if they’re able to iron out the kinks.
The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. 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.
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Solar panel recycler SOLARCYCLE and Arizona State University just proved that solar panels made with recycled glass work just as well as new ones.
In a new collaboration with Arizona State’s Ira A. Fulton Schools of Engineering, the solar recycling company created a prototype solar panel – what they call a “mini module”– using 50% recycled glass pulled from end-of-life solar panels. The mini module matched the performance of panels made entirely with new materials.
The research was led by Dr. Zachary Holman, Arizona State’s vice dean for research and innovation, and his team. Researcher Kate Fisher built and tested two sets of panels: one using only new glass, and the other using a 50/50 mix of new and recycled glass cullet. The recycled material came from panels processed using SOLARCYCLE’s technology.
Using industry-standard power conversion efficiency tests, the results were clear: There was no statistically significant difference in how the two types of panels performed.
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“This is exactly the kind of result we hope for when industry and academia collaborate,” said Holman. “Together, we proved that you don’t have to sacrifice performance to build solar panels more sustainably.”
This isn’t just a one-off science experiment. SOLARCYCLE says the recycled-glass panel is part of a bigger plan to make solar manufacturing more circular – and less wasteful. The company plans to build a solar glass factory in Cedartown, Georgia, next to its existing recycling factory. It’ll be the first in the world to use recycled cullet like this at commercial scale.
“By proving we can manufacture new solar panels using recycled materials that produce at peak performance levels, we’re taking a major step toward making the solar industry more sustainable, scalable, and self-reliant,” said SOLARCYCLE’s CTO and co-founder, Pablo Dias.
The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. 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.