Archaea Energy Inc. (NYSE: LFG) is one of the largest renewable natural gas (RNG) companies in the U.S. Its RNG facilities capture waste emissions and convert them into low-carbon fuel.
Since late August, China's strict zero-covid policy led to a full or partial lockdown of more than 70 cities. As a result, the demand for energy has fallen.
What Happened: Shenzhen, one of the world's busiest container port cities, continues to experience lockdowns.
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.
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.