As energy stocks drop, UBS says to buy these two names

Benjamin Lowy | Getty Images News | Getty Images

Energy stocks are getting slammed as crude prices tumble to multi-year lows, but UBS said that for investors willing to pick through the rubble of the oil sector, there are still some attractive names.plunged more than 20% to trade at its lowest level since Feb. 2016. Oil is now getting hit on both the supply and demand side.

Prices were already under pressure as the coronavirus outbreak led to softer demand. Then, OPEC talks regarding production cuts deteriorated last week, prompting tensions to flare between Saudi Arabia and Russia. With all nations allowed to pump as much oil as they want beginning April 1, analysts are worried that oil is also in for a supply side shock.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Stocks making the biggest moves midday: Diamondback Energy, Walmart, Twitter and moreThese are the stocks posting the largest moves in midday trading.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

European stocks plunge by most since Brexit vote as Saudi Arabia starts oil price war and Italy locks down regionEuropean stocks dropped on Monday by the most since the U.K. voted to leave the European Union, after Saudi Arabia started a price war and Italy locked down a key region.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »

Six signals from one research firm say a bottom is in and it's time to buy stocksNew for subscribers: Six signals from one research firm say a bottom is in and it's time to buy stocks Check out CNBCPro and get your first 30 days free. Pro You and your garbage headlines ! Pro Lol get fucked Pro 😂😂😂😂😂
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »