Bill Gates the co-founder of Microsoft has been actively involved in investing for change to lessen the impact of climate change. Gates is doing this by investing in companies such as Quantumscape (NYSE: QS), whose objective is to develop solid state batteries for electric vehicles.
The two-year U.S. treasury yield reached 4.167% on Friday. The 10-year U.S. treasury yield hit 3.762%. This allows the yield curve to remain in an inverse relationship, which typically points to a recession.
Bank Of America analyst Chase Mulvehill upgraded NOV (NYSE: NOV) with a price target of $19.
Key Takeaways: "Trickle-down on the move; upgrade to Buy," Mulvehill said in a note.
Since the Energy Select Sector SPDR FUN (ARCA: XLE) is down roughly 16% over the past month, it may be a good time to shop around for oversold equities in the oil and gas sector. Although investors are concerned about a recession slowing down the economy, natural gas prices are still at record highs.
When Carl Icahn buys shares of stock, it's what is known as the “Icahn lift." This refers to the impact that the so-called "corporate raider" has on purchasing shares of an underlying company.
As the Vanguard Real Estate ETF (ARCA:VNQ) is down roughly 31% year-to-date, real estate investment trusts are being beaten down as the sector continues to decline.
A Wall Street investor, who's his claim to fame was betting against subprime mortgages by using credit default swaps, appears to be bullish on equities in the gold sector.