Energy, the new momentum trade? Why its strong gains can increase from here
The energy sector has pulled up from behind to overtake nearly every other sector of the market this year and may still have room to advance, according to analysts. Energy…
Morgan Stanley says the catch-up trade in energy can continue and names its top picks to play
Oil stocks are finally playing catch up as the energy sector has become one of the best performing sectors of the market this year, according to Morgan Stanley. “An improving…
Morgan Stanley upgrades energy sector, citing ‘compelling valuation’
The energy sector is demonstrating strength with a “compelling valuation” that could set stocks up for a comeback after underperforming the broader market since September, according to Morgan Stanley. Strategists…
Stocks making the biggest moves after hours: PANW, SEDG, FANG
Check out the companies making headlines after the bell. Palo Alto Networks – Shares declined nearly 19% after the cybersecurity company’s full-year guidance missed expectations. Palo Alto Networks said it…
Nvidia earnings, Fed minutes on deck next week as Wall Street assesses interest rate outlook
Wall Street’s biggest AI darling is about to report earnings next week, and the results may show whether the mega-cap fueled market rally is justified as investors deliberate the path…
These oil stocks could be the next takeover targets in Permian Basin
The oil industry is fighting to cash in on limited land in the resource-rich Permian Basin but the acquisition targets are dwindling after a series of major deals over the…
Energy stocks may rally after oil prices topped a key level this week
Occidental Petroleum and Diamondback Energy may be poised to rally after U.S. crude oil prices broke above a key resistance level on Friday, according to the chief market strategist at…
Money managers pick stocks for 2024 that aren’t the Magnificent Seven
There are plenty of stocks other than the so-called “Magnificent Seven” that are appealing right now, top money managers told CNBC on Thursday. The mega-cap tech stocks that make up…
What investors can expect from crude prices, and how to play it
Better times may be ahead for energy investors after this year’s declines opened major investment opportunities, and oil prices rebound. West Texas Intermediate futures are down about 7% in 2023.…
Netflix, SunPower, Adobe and more
Check out the companies making headlines in midday trading. Etsy — The online merchandise platform saw shares rebound more than 4% after a steep sell-off last week. Etsy announced last…