Fund managers and other investors are getting more bullish on the energy sector. BofA said in an Aug. 15 that peak interest rates have "marked a macro shift back into commodities." And hedge fund manager David Neuhauser of Livermore Partners told CNBC's " Street Signs Asia " that the "best asset class" is oil stocks. Typically, in a recession, oil prices could dive to $50 a barrel, he said.
energy giant will benefit from higher prices. It also raised its price target for the stock from $205 to $209. That represents around 31% from Wednesday's close. Inflation protection On top of the "macro shift" to commodities, "micro energy sector fundamentals have improved too, with supply dynamics triggering a rally in energy prices from crude oil to refined products," BofA said in the Aug. 15 note.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
These 20 dividend-paying stocks get a double boost from declining interest ratesBondholders benefit from lower interest rates, but receiving stock dividends is even better.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »
Investors look to AI-darling Nvidia's earnings as US stocks rally wobblesBullish investors are hoping Wednesday's earnings report from chip heavyweight Nvidia can rejuvenate a U.S. stocks rally that has stumbled in recent weeks.
La source: Reuters - 🏆 2. / 97 Lire la suite »
Europe stocks set to open higher; investors await Nvidia resultsEuropean stock markets look set to open higher Wednesday, maintaining positive momentum.
La source: nbcsandiego - 🏆 524. / 51 Lire la suite »
Europe stocks open cautiously higher as investors await Nvidia resultsEuropean stock markets opened cautiously higher Wednesday, with attention focused on earnings and central bank comments in the U.S.
La source: CNBC - 🏆 12. / 72 Lire la suite »
Europe stocks climb as investors await Nvidia results; German business activity plungesEuropean stock markets opened cautiously higher Wednesday, with attention focused on earnings and central bank comments in the U.S.
La source: NBCNewYork - 🏆 270. / 63 Lire la suite »
U.S. stocks open slightly higher as investors await Nvidia earnings resultsU.S. stocks opened slightly higher Wednesday, as investors await economic data on manufacturing, services and new home sales as well as earnings results from...
La source: MarketWatch - 🏆 3. / 97 Lire la suite »