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Safe havens like bonds, gold and the US dollar rallied on Monday, while classic risk-sentiment proxies like the Australia dollar tumbled.

By Barbara Kollmeyer Order Reprints Text size A general view of a Total petrol station in Kampala, Uganda, on Jan. 28, 2020. AFP via Getty Images They say it’s lonely at the top. For France’s Total, years of dominance on the oil patch are over, say analysts at Cowen, who downgraded the company to market perform from outperform in a note to clients on Tuesday. Jason Gabelman and George Kuhle say they continue to like Total’s strategy, but it faces a tougher two years ahead. “TOT is trading at an elevated premium versus peers while we expect it...

By Matt Smith Order Reprints U.S. Department of Energy, Oak Ridge National Laboratory Hidden in the hardwood forests of eastern Tennessee is a glass-and-steel American Wakanda of impulsed neutron beams, supercomputers, and atom probe microscopes. Here, at the U.S. Department of Energy’s Oak Ridge National Laboratory, Enrico Fermi and fellow scientists raced to develop the neutron bomb, and subsequent generations worked on the world’s-fastest computers, helped develop nuclear submarines and advanced spacecraft, analyzed greenhouse gas emissions, and made...

Nasdaq Composite gained 0.3%. The small-cap Under the surface, the S&P 500 energy sector closed up 3.6%, financials gained 1.1%, and consumer discretionary stocks added 1.5%. Defensive utilities and health care fell 0.6% and 1.1%, respectively, while technology stocks lost 0.5%. That dynamic has more or less prevailed since the fall. Fourth-quarter earnings season begins later this week, with several large banks kicking things off as usual. Wall Street expects S&P 500 earnings to be 12% lower in the final three months of 2020 versus the same period in 2019, according to data from Bloo...

Mizuho says oil stocks are ripe for a rebound. Jeff J Mitchell/Getty Images Investors have been stressed about the possibility that oil demand has already peaked and it could be all downhill from here. The pandemic has reduced demand for oil as fewer people commute to work, and a shift to renewables will soon reduce demand for oil on a longer-term basis. But one analyst says the doom-and-gloom may be overstated. In fact, Mizuho analyst Daniel Boyd is betting that oil companies—which have cut their drilling substantially in response to the pandemic—are actually producing too l...