Markets

Clean-energy stocks are set to benefit from the $370 billion Inflation Reduction Act, said Morningstar.  Hydrogen fuel cell manufacturer Plug Power is on the research firm’s list of federal spending beneficiaries.   Lithium producers should also benefit with demand set to outstrip supply.  Loading Something is loading. Residential solar and lithium stocks are among those in… Continue reading Clean energy stocks are set to be the big winners of the sweeping Inflation Reduction Act just signed by Biden, Morningstar says

The stock market could surge another 12% into year-end as technicals turn positive, according to JPMorgan.The bank said more than $100 billion from trend followers are on the verge of pouring into stocks.”Trend following strategies that were largely short equities this year are covering shorts,” JPMorgan said. Loading Something is loading. The current rally in… Continue reading The stock market could surge another 12% through the end of the year as more than $100 billion pours into equities funds, JPMorgan says

Mind Medicine stock jumped as high as 78% on Thursday after a report revealed a college student activist stake.  The investor, Jake Freeman, and his uncle own a 4.5% stake in the Mind Med, according to the FT.  Freeman is intending to use his position to push Mind Med to improve its business strategy. Loading… Continue reading Mind Medicine surges 78% after report reveals activist stake of college student who made $110 million in Bed Bath & Beyond rally

nve’s Loading Something is loading. Brent oil will bounce back to $125 a barrel by the end of 2022, UBS said Wednesday.  Brent has dropped 25% since mid-June, weighed by recession concerns and rising export volumes.  But tight global oil supply will eventually push the international oil benchmark higher.   Oil prices have tanked more than… Continue reading Oil prices will rebound to $125 this year as recent declines haven’t fully accounted for supply constraints, UBS says

US stocks retreated Wednesday, with the Dow Jones Industrial Average snapping its five-day win streak.  Minutes from the Federal Reserve’s July meeting indicated policymakers see the pace of future rate hikes slowing.  Earlier in the trading session, Target reported second-quarter earnings that missed forecasts. Loading Something is loading. US stocks retreated Wednesday, with the Dow… Continue reading US stocks drop with Dow snapping 5-day win streak as investors parse Fed minutes and earnings

Natural gas stockpiles for winter are currently more than 10% below normal levels for this point in the year.  Domestic gas output has fallen by 1 billion cubic feet per day from a peak of 98.7 billion earlier in August. US gas supplies could be further drained when the Freeport LNG export hub partially reopens… Continue reading US could face its own winter energy crunch as gas production and storage lag while key export hub eyes restart

Bed Bath & Beyond is “king” in this latest meme-stock rally, but clean-energy and crypt is also getting attention, Vanda Research says.  Coinbase may see renewed momentum with the upcoming Ethereum blockchain upgrade.  Bed Bath & Beyond shares have soared more than 380% since a rally was sparked earlier in August.  Loading Something is loading.… Continue reading Crypto and clean-energy stocks are at the center of the latest meme stock rally sparked by Bed Bath & Beyond’s massive surge in recent weeks

OPEC’s new secretary-general said the cartel can’t be blamed for high oil and gas prices. Underinvestment in the industry broadly is to blame for surging prices.  “This is the harsh reality that people have to wake up to and policymakers have to wake up to,” the cartel’s new chief said. Loading Something is loading. OPEC’s… Continue reading OPEC’s new chief says the cartel can’t be blamed for high oil and gas prices, and underinvestment in the entire industry is behind the global energy crisis