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Despite sky-high valuations, Mike Khouw argues Costco shares could present a compelling buy. View More

In this articleCOSTFollow your favorite stocksCREATE FREE ACCOUNT watch nowVIDEO3:4003:40This wholesale retailer looks attractive for options tradersOptions ActionThe 2026 midterm elections have profoundly altered the national regulatory environment, most notably with Democrats securing control of both chambers of the U.S. Congress and notching big victories in traditionally business-friendly states like Texas and South Carolina.Over the past two decades, Southern states like Florida and Texas have attracted massive corporate migration from blue states. With less regulation and lower taxes. Those same benefits also attracted many people seeking lower taxes, lower housing costs, and better economic opportunities. With this political shift, relocated companies may now face a landscape increasingly focused on energy and building constraints, and tighter legislative oversight.   Information technology, semiconductors, and traditional energy sectors experienced immediate headwinds following the election. Companies at the forefront of the AI boom, such as CoreWeave, Tesla, and SpaceX, saw share prices slide as markets priced in tighter Democratic regulatory oversight and potential restrictions on AI deployment. Senator Bernie Sanders, for example, reposted his efforts to advance a data center moratorium proposal he co-authored with New York Congresswoman and socialist Alexandria Ocasio-Cortez.The market is suddenly realizing that, between shifts in Washington and in states like Texas, the fastest-growing area of the U.S. economy might grind to a halt. Over half of the U.S. hyperscale data center pipeline could now face heightened regulatory friction. To build new facilities, even assuming they get permitted at all, developers may face tax increases, strict "bring your own power" mandates, or new air-permit delays for on-site gas plants. As all-in construction costs rise and timelines extend, immediate demand for advanced chips snowballs down the hardware supply chain.Traditional oil and gas majors sank, while solar and green energy stocks surged, driven by expectations that a Democratic Congress will resume pushing subsidies for them. Also, the ongoing U.S.-Israel war with Iran has driven crude prices sharply higher throughout the year. With Democrats taking control of Congress, President Trump faces a legislative body that can severely constrain his military options and push back on defense budgets. Tehran almost certainly recognized that a politically weakened Trump administration would have a greater incentive to seek a negotiated deal, something Secretary of State Marco Rubio has now indicated is preferable to any escalating kinetic options. Consequently, crude prices plunged, with Brent dropping below $95 per barrel. For similar reasons, defense contractors took market hits due to anticipated congressional resistance to the $1.5 trillion Pentagon budget. Although healthcare - as measured by XLV at least came in today, it remains above pre-election levels, along with grocery stocks such as Walmart, Costco, Kroger, and Dollar General, on expectations that a Democratic Congress might boost federal spending in those areas. This may help explain why Costco was one of the relatively few stocks to close higher on Thursday, and why it also ranked as the 15th most active single-stock option (in notional terms), ahead of names like JP Morgan, Marvell, Oracle, Eli Lilly, and Dell.At roughly 46x forward earnings, Costco (a perennial on the "Holly Index (MELLOY, CAN WE LINK TO THIS") isn't cheap, but then it is never cheap. The average forward multiple is actually a few turns higher at over 49x. So what were folks trading? Mostly short-dated call options. One possible reason? Costco isn't just trading at a relatively high multiple; as usual, it is also simply a high-priced stock in dollar terms, at over $1,065 as of Thursday's close. A "round lot" (100 shares) would therefore cost over $100,000 to initiate. Like many things packaged at Costco, that might be a little more than some buyers need (or want) to spend.Stock Chart IconStock chart iconCostco, YTDAlternatively, call options let investors gain exposure to 100 shares for far less than buying the shares. Buying the January 1060 calls, for example, would cost about $53.45, or $5,345 for upside participation on 100 shares of stock above the $1,060 strike price. That may seem more palatable, but a keen observer might notice that prior highs occasionally present some technical resistance, and Costco topped out at about $1,090 back in mid-May. By selling a call at or near that level, such as the January 1090s at 39.65, one could reduce the cost of the trade even further, expecting a pause before new highs. This would reduce the cost of the trade to $13.80, or just under 1.3% of the current stock price.I won't pretend $1,380 is a small outlay for a one-lot call spread on a much-loved stock trading at 46x forward earnings. Nor is $520 for 8 6-ounce A5 Wagyu filet mignons (a Costco online only deal available now). But relatively, both the steaks at Costco and the options on Costco are very fairly priced. But it does provide participation in 100 shares of Costco between the strikes, for only 30% more than the cost of a single share of the underlying stock.Disclosures: Tidal owns/holds all the securities mentioned in the article.All opinions expressed by CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, or its parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. This content is provided as part of our editorial output for informational purposes only and does not constitute financial, investment, tax or legal advice or a recommendation to buy any security or other financial asset. The content is general in nature and does not reflect any individual's unique personal circumstances. The above content might not be suitable for your particular circumstances. Before making any financial decisions, you should strongly consider seeking advice from your own financial or investment advisor.THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.Click here for the full disclaimer. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

Once operational, the solar project is expected to produce 810 million units (MUs) of renewable electricity annually. It is also estimated to prevent around 103,820 tonnes of carbon emissions every year. View More

KPI Green Energy has energised an extra 49.7 MWp of its 250/350 MWp solar project and 121.8 MWp of its 370/677 MWp hybrid project at Bharuch View More

Investment in technology upgrade underway; company expects cumulative investments to approach $1 billion in the next few years View More

COP31, kicking off November 9 in Antalya, Turkey, is all set to spotlight the global push for electrification. With a target to raise electricity's contribution to final energy demand to 35% by 2035, nations are keenly examining how electrification can effectively curb fossil fuel use. View More

The COP31 climate summit might count as a success if there is a commitment from all countries attending to significantly boost the electrification of their economies, according to the event’s head of negotiations. One of the main goals of the organizers of the United Nations climate conference starting next week in Antalya, Turkey, is to have countries party to the Paris Agreement to sign up to a goal to increase the global share of final energy demand coming from electricity to 35% by 2035, from about 20% today. So far, however, the ambition remains only a voluntary one for countries to commit to. “I would like to see a strong outcome on electrification in our presidency-led decision,” said Chris Bowen, Australia’s climate change and energy minister and COP31’s president of negotiations, on the Zero podcast. That decision would have to be signed off by all countries attending the summit, which starts on Nov. 9. The rise in oil and gas prices linked to ongoing wars in Europe and the Middle East has forced fossil-fuel importing countries — which make up three-fourths of the world’s population — to find ways to reduce consumption and find alternatives. Electrification is part of the solution. With costs falling for solar panels and batteries, many countries have opted to speed up the transition to electric cars and heat pumps. “Electrification is an unquestionably good thing,” Bowen said. “Even if your grid is powered by coal and you don’t have solar panels at home, if you’re just charging [an electric car] off a coal-fired grid, you are reducing emissions by something like 60%.” Live Events Primary energy is how fuel is found in nature, like crude oil; final energy is how fuel is consumed, for example as gasoline or electricity; and useful energy is the fraction of final energy that is converted into work, such as motion or cooling. While it’s true that about 80% of the world’s primary energy comes from fossil fuels, only about 65% of its final energy is derived from coal, oil or gas. Thus electrification is foremost an energy efficiency solution, because it reduces primary energy demand without cutting the useful outcomes that citizens want. The electrification goal for COP31 got a boost when China, the world’s largest emitter of greenhouse gases and the biggest manufacturer of electricity technologies, indicated in October that it supports the target. Bowen is hoping it can be pushed further. COP summits often feature voluntary goals from countries willing to act faster on tackling climate change. At COP28 in Dubai in 2023, for example, countries signed off on a goal to triple nuclear power by 2050. As of March, some 38 countries endorsed the goal, but the amount of nuclear power in the world has not increased substantially so far. Also at COP28, the presidency-led decision included a goal to double energy efficiency and triple renewable energy by 2030. While progress on energy efficiency has been limited, there are strong indications that the world will get close to the renewable energy target. But this push for more ambition to electrify and cut emissions is coming at a difficult time for most citizens who are grappling with affordability issues. While electrification can offer lower cost energy in the long term, it needs large upfront investments in infrastructure. However, Bowen tamped down expectations that rich countries will provide any additional finance at COP31. “This is not a finance COP” to set new targets, he said. “It’s about how we’re going on meeting those targets, and what do we need to do to get the finance that is already there.” .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now!

Scientists have found that explosive magnetic energy releases in Earth’s magnetotail can trigger rapid disturbances in ground-level magnetic fields View More

Zimbabwe targets 49% non-fossil fuel share by 2030; Liberia invites Indian firms for IPP solar projects View More

Options traders make a series of trades post election View More

In this articleTANXLERKTFollow your favorite stocksCREATE FREE ACCOUNT watch nowVIDEO26:4626:46Options Action: A massive trade just happened in a leading mortgage lenderOptions ActionFor more options-trading reaction to the rally, click the link at the top of the page for Options Action LIVE featuring CNBC contributors Michael Khouw and Brent Kochuba alongside host Oliver Renick.Stocks are surging after midterms brought a Democratic blue wave and options traders are responding by selling volatility and embracing a rotation away from big-tech trades.The S&P 500 added just shy of 2% by midday Wednesday, recovering losses from Friday and Monday. The move in its corresponding options prices was even bigger, with the Cboe Volatility index falling about four points to below 17, the biggest one-day drop in the volatility gauge since at least July.Crude oil prices fell as WTI traded below $90 and energy stocks dropped 5.6% for the biggest decline in the S&P 500. Options on the State Street Energy Select Sector SPDR ETF (XLE) jumped to more than three times the 30-day average, with 57% puts by volume and the big-money trades concentrated in bearish put-buyers. The top trade in XLE was the 62.5-strike put expiring Jan. 15, suggesting it could be a slow rollover for what has been the best-performing sector of 2026, SpotGamma data show.With the drop in crude oil, a handful of inflation and interest-rate related trades got some bullish attention. Consumer discretionary stocks rallied almost 5% but options volume in the SPDR sector fund XLY was below average and volume was split between puts and calls, according to Cboe LiveVol data.Instead, there was some big action in a few housing trades such as Rocket Companies, the mortgage lender and Redfin owner that fell almost 50% this year before turning around last month. Options volume on Rocket was double the average with a strong bullish bias. Of the 110,000 options traded, 90% were calls and more were likely initiated by buyers than sellers. Bulls traded the bulls like the 14 and 16-strike calls expiring Nov. 20 the most.Opposite the drop in crude oil was a rally in solar energy companies, extending recent gains and extending unusual options activity that preceded the midterms.The Invesco Solar ETF (TAN) added another 9%, trading the highest since July. Options volume was more than five times the average and 80% of the volume was in calls. The most popular trade in TAN was the 48-strike call betting on a 6% rally through Nov. 20th.On the tech side, options flows looked bearish in the VanEck Semiconductor ETF (SMH), which fell 2.6% to the lowest since May. Options volume was twice the average, 70% of it puts, with the 475-strike put expiring Nov. 13 the most popular contract bought by volume. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

Some companies took at hit after the election, while others rallied. Here are the biggest names making moves on Wednesday. View More

In this articleDJTFollow your favorite stocksCREATE FREE ACCOUNT Lockheed Martin F-35 Lightning II of the Royal Netherlands Air and Space Force RNLASF spotted during a military exercise at Eindhoven Air BaseNurphoto | Nurphoto | Getty ImagesThe blue wave across the country has rippled through the stock market too, driving healthcare and clean energy names higher and data center plays and defense companies tumbling. The broader market soared after Democrats won control of both the House of Representatives and the Senate, and key gubernatorial races in Texas and Georgia. In Washington, the Democratic Congress will now serve as a counterweight to President Donald Trump's agenda, which has included tax cuts and policies that sent inflation, like tariffs and the Iran war. Local and state elections will also have an impact on data center stocks, with construction limits passed in some states and a Democratic governor-elect in Texas who promised a moratorium. "Democratic control could slow the push for deregulation in financials, energy and digital assets," Wells Fargo Investment Institute said in a note Wednesday. "We still believe both parties have an incentive to compromise on data center location and AI generally."Here are some of the biggest movers as a result of the election outcome. Solar and clean energy winNextpower jumped more than 11.2 % and Canadian Solar rallied 6.7%, while Plug Power gained 3.6%, First Solar climbed 4.6% and Sunrun ticked 1.3% higher. Nextera Energy added 4.9%. Investors are hoping that Democrats will push back against the Trump administration's rejection of clean energy policies.Healthcare gainsHealthcare companies rallied on investor optimism over a slowdown or reversal in healthcare spending cuts, and the potential that enhanced subsidies will extended in Affordable Care Act plans.Molina Healthcare and Centene gained 8.9% and 12.6%, respectively. HCA Healthcare soared 10.3% and Universal Health Services jumped 10.9%, while Tenet Healthcare rallied 9.6% and Elevance Health added 4.9%.Elon Musk losesElon Musk's SpaceX and Tesla shed 3.8% and 3.3%, respectively, after Democrats won the gubernatorial, Senate, and attorney general races in Texas, as well as wresting control of the Texas House of Representatives . Musk, CEO of both companies, spent at least $474 million backing Republican candidates in the midterms, including $224 million in the Lone Star State, where both Tesla and SpaceX are headquartered. Defense stocks hitDefense companies could face headwinds if Democrats challenge military spending. Shares of RTX slipped 2.4%, Lockheed Martin tumbled 6.9%, Northrop Grumman sank 4.5% and Howmet Aerospace fell 4.3%. Palantir Technologies shed 2.1%.The Trump administration has requested $1.5 trillion for national defense in fiscal 2027. It is also separately asking for an $87.6 billion supplemental appropriation from Congress for fiscal 2026, largely due to the Iran conflict. Drone stocks also fell. Kratos Defense & Security Solutions dropped 12.3%, while AeroVironment lost 8.3% and Red Cat fell 10.4%. Ondas shed 7% and Unusual Machines tumbled 9%.Data center stocks downNames connected with data centers moved lower amid concern about the potential for restrictions or moratoriums being placed on AI infrastructure buildouts. Neocloud provider CoreWeave, the poster child for fears over massive AI-related debt, slumped 9.9%. Peers Nebius and Iren dropped 6.7% and 11.2%, respectively. AI infrastructure stocks also tumbled, with Comfort Systems losing 15.1% and Vistra sliding 13.8%. Micron Technology fell 7%. That said, five of the Magnificent Seven rallied. Apple rose 5.3% and Microsoft jumped 6.7%, with Apple touching an all-time high. Alphabet gained 3.2% and Meta added 1.4%. Affordability tradeA consumer relief trade also took hold, sending housing, travel and consumer staples stocks higher. Affordability was a big theme in the election, with Americans feeling the pressure of high prices. Housing stocks like Pulte, D.R. Horton and Lennar gained roughly 7.2%, 8.1% and 7.1%, respectively. Airlines also moved higher, with United Airlines rising 8% and American Airlines climbing 6.3%. Southwest Airlines jumped 6.8% and Delta Air Lines climbed 7.2%. Cruise operator Carnival increased 7.3%, while Royal Caribbean and Norwegian Cruise Line added 6.4% and 6.8%, respectively. Booking Holdings rallied 9.8%. Consumer staple names also caught a bid. Dollar Tree soared 9.6%, Walmart gained 3.5% and Constellation Brands climbed 5.3%. Dollar General advanced 8.5%, while Conagra Brands increased 7%. Trump Media & Technology GroupThe GOP's wide losses also extended dragged down President Donald Trump's social media and tech company, which plunged 24.5% and hit a 52-week low.— CNBC's Luke Fountain, Dominic Chu and Nicholas Wells contributed reporting. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

The policy is the state government's framework for expanding electricity generation from solar energy and developing the infrastructure needed to connect, store and use that electricity View More