Page 21 - Select Sector News Today

Will the Energy ETFs See a Sustained Rally? Zacks.com 2/16/2021 United States Oil Fund LP USO and United States Brent Oil Fund LP BNO adding about 2.6% and 3.2%, respectively, past week. The real surge was noticed on Feb 12, when USO and BNO were up 2.5% and 2.8%, respectively. Freezing weather has instigated the oil rally.   Popular Searches “Winter storm and arctic blast of cold weather that is making its way south to Houston may have some severe impacts on the oil industry.”“Frigid...

Dow, S&P 500 and Nasdaq end at records, powered by stimulus hopes and energy sector gains MarketWatch 2/8/2021 © Angela Weiss/Agence France-Presse/Getty Images MARKET SNAPSHOT Stock benchmarks finished at new records Monday, as investors piled into energy stocks and penciled in another potential round of aid spending out of Washington. How did major benchmarks perform? The Dow Jones Industrial Average rose 237.52 points, or 0.8%, to end at a record 31,385.76, its fifth record close of the...

General Electric Co. investors will soon get some confirmation on whether the big bet they made on the industrial conglomerate’s stock over the last few months will actually pay off, now and down the road.

BlackRock raises dividend by 14%, with first new payout in March BlackRock Inc. said Thursday that it will raise its dividend by 14%. The investment management’s new quarterly dividend of $4.13 a share, up from $3.63 a share, will be payable March 23 to shareholders of record on March 5. The stock slipped 0.1% in afternoon trading. At current prices, the new annual dividend rate implies a dividend yield of 2.23%, compared with the dividend yield for the SPDR Financial Select Sector ETF of 1.9...

6 hours Iran Says It Will Return To Nuclear Compliance After U.S. Lifts Oil Sanctions 8 hours China Sets World Record For Deep-Sea Drilling In Disputed South China Sea 12 hours Total’s $5-Billion Uganda Project Set For Imminent Go-Ahead 13 hours Democrats Propose $8 Billion Bill To Clean Up Abandoned Wells 1 day Libya’s Largest Oilfield Could See Exports Interrupted 1 day Smaller Oil Tanker Rates...

Shares of Exxon Mobil Corp. rose Wednesday, putting them on track for the longest win streak in 16 months, after J.P. Morgan analyst Phil Gresh turned bullish on the oil giant for the first time, citing an improved financial outlook and more reasonable valuation.

Premium Content How To Play 2021’s First Oil Rally By Alex Kimani - Jan 06, 2021, 7:00 PM CST Oil-and-gas stocks are just coming off one of their most tumultuous years in history. In 2020, the oil and gas sector was hit with a triple-whammy of a senseless price war between two of the largest producers; unprecedented destruction in energy demand and the inexorable march of the clean energy and ESG megatrends. Those factors worked in tandem to condemn the sector to another annus hor...

Author Bio Matt is a Certified Financial Planner based in South Carolina who has been writing for The Motley Fool since 2012. Matt specializes in writing about bank stocks, REITs, and personal finance, but he loves any investment at the right price. Follow him on Twitter to keep up with his latest work! Follow @TMFMathGuy What happened The S&P 500 rose modestly on Wednesday, with the index up by about 0.5% as of 3:30 p.m. EST. And the financial sector was one of the top...

GE’s stock jumps after two Wall Street analysts raise their targets by more than 40% Published: Dec. 15, 2020 at 2:34 p.m. ET By AFP via Getty Images -1.18% climbed 2.5% in afternoon trading, after shedding 4.9% amid a three-session losing streak through Monday. Morgan Stanley analyst Joshua Pokrzywinski reiterated his overweight rating on GE, but bumped up his price target by 41% to $12, which is 8.1% above current levels, from $8.50. Referring to the outlook ...