Street

Want to get in on hot energy stocks? Wall Street favors these 20 picks for gains up to 40%

The energy sector has been the best performer in the U.S. stock market this year, but it isn’t too late to jump in, as the setup is still attractive for the reopening of the economy.

Energy recovery has a long way to go

The S&P 500 energy sector
SP500.10,
+0.58%
was up 36% for 2021 through the end of May. (All price changes in this article exclude dividends.) That’s the best sector performance in the benchmark index so far this year.

Stretching out the timeline paints a different story:

Figures exclude dividends.


(FactSet)

If we look at price changes from

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Wall Street edges up, led by financials, energy

A Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermid/File Photo

Wall Street’s main indexes edged higher on Tuesday, with gains in energy and financial shares countering declines in tech and healthcare, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.

The S&P 500 financial sector (.SPSY) hit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector (.SPNY) over 3%. The heavyweight tech sector (.SPLRCT) dipped while healthcare (.SPXHC) was dragged

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Wall Street struggles to sell Washington on Bitcoin for the masses

It’s big. But Wall Street wants it to be even bigger. POLITICO’s Kellie Mejdrich reports on an effort to open up access to Bitcoin investment.

In addition to pending fund proposals backed by Fidelity and Scaramucci’s SkyBridge, One River Digital Asset Management is being advised by former SEC Chair Jay Clayton as it pitches a “carbon neutral” Bitcoin ETF. Clayton led the agency in the Trump era and didn’t sign off on any of the cryptocurrency fund proposals during his tenure. While in office, Clayton highlighted concerns that cryptocurrency markets were ripe for fraud and manipulation and said that regulators

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Wall Street rises ahead of key economic data this week; AMC soars

The latest leg of a surge in so-called “meme stocks” stood out on Wall Street on Wednesday, with the main stock indexes rising slightly ahead of closely watched economic data this week.

The technology sector rose 0.8%, providing the biggest boost to the benchmark S&P 500, while communication services and materials eased.

A weekly unemployment report and May private payrolls data on Thursday will be followed by monthly jobs numbers on Friday.

Investors are closely tracking the labor market’s recovery after an unexpected slowdown in jobs growth in April fanned inflation worries.

The benchmark S&P 500 has recovered most of

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Eulogy for Wall Street

Sometimes a few simple words help us remember important events.

POETRY FOR INCLUSION

Eulogy for Wall Street

Memorial Day emboldens us to remember the men and women who sacrificed their lives for our freedom. We thank them for their service. It also day also represents the 100th anniversary of the Tulsa Massacre. I would like to honor the generations of Black foot soldiers whose carnage must not be forgotten.

Revive me Tulsa

ebony mortar says cheers

origins of wealth

Dr Clark is clinical assistant professor at the University of South Carolina School of Medicine-Greenville and medical director & division chief

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Stock futures are flat after muted Wall Street session

Traders at the New York Stock Exchange, June 2, 2021.

Source: NYSE

U.S. stock futures were flat early Thursday morning, following a quiet day of trading on Wednesday.

Futures for the Dow Jones Industrial Average were unchanged. S&P 500 and Nasdaq 100 futures both gained marginally.

During the regular session, the 30-stock Dow rose just 25.07 points to close at 34,600.38. Similarly, the S&P 500 and the Nasdaq Composite ended the day up 0.14%.

“It’s unclear if this week’s flat S&P 500 Index is a continuation of the holiday week relaxation, May’s malaise seeping into June, or just part of

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Wall Street stocks lag behind record-setting European bourses

Wall Street stocks trailed behind European bourses, which hit fresh records as commodity prices rallied on hopes that the global economic recovery would continue gathering pace.

The blue-chip S&P 500 and the tech-heavy Nasdaq Composite indices were essentially flat by the time the closing bell rang in New York, following a US long weekend for Memorial Day.

A handful of “meme stocks” favoured by amateur investors, meanwhile, continued their rally from last week, with the video game retailer GameStop up 12.2 per cent and the cinema operator AMC jumping 22.6 per cent. BlackBerry closed the day up 14.8 per cent.

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Wall Street pauses as investors eye inflation clues

The front facade of the New York Stock Exchange (NYSE) is seen in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermid/File Photo

U.S. stocks closed slightly lower on Tuesday, and each of Wall Street’s main indexes failed to stray far from the unchanged mark following a rally in the prior session as investors continue to try and assess the route of inflation.

Yields on longer-dated U.S. Treasuries fell for a fourth straight day, with the benchmark 10-year yield hitting a fresh two-week low of 1.56% and helping to dampen inflation worries. The yield had climbed to as much as

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A millennial who began reading Wall Street Bets as a source of comedy started a Shopify store dedicated to knick-knacks and apparel based on the Reddit thread

  • One millennial began reading Wall Street Bets its comedic value, but would never use the advice.
  • Instead, he started an online shop featuring knick knacks and T-shirts with now-famous Wall Street Bets slogans.
  • A GameStonk shirt and another with a kid on the moon with a rocket ship are among his top sellers.
  • See more stories on Insider’s business page.

Twenty-five-year-old Alan Walker started reading Reddit’s Wall Street Bets just for laughs when he was a teenager.

“It’s like watching a drunk guy walk down the street. It’s fun to watch, but you don’t want to be

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Rubio calls on Wall Street to stop ‘enabling Communist China’

Sen. Marco RubioMarco Antonio RubioChina is already winning World War III, via money Demings raises Democrats’ hopes in uphill fight to defeat Rubio Extraordinary explanations for UFOs look increasingly plausible MORE (R-Fla.), one of the Senate’s top China hawks, called on Wall Street banks and financial organizations to stop “enabling Communist China” in an op-ed published Wednesday.

Writing in The American Prospect, Rubio hammered top firms for investing in Chinese companies and argued that many Americans were unwittingly tied financially to companies tied to China’s ruling Communist Party.

“It’s the height of hypocrisy. U.S. corporations with lucrative business

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