The fact that the midterm election will soon be over may be enough to spark a rally for stocks, but investors may also cheer the prospect of Washington gridlock as the best outcome for the market. Republicans look set to win back the House of Representatives in Tuesday’s elections. The outcome in the Senate could […]
With oil trading at the highest level since 2008, will the rapid ascent in prices spur the energy transition? Original news source Credit: www.cnbc.com
Investors should completely bail on clean energy stocks with some select opportunities in the space presenting themselves, according to Citi. After a massive rally in clean energy driven by social and political tailwinds, lots of liquidity and low interest rates, analyst Drew Pettit said these stocks have mostly felt pain since late 2021. Despite reasons […]
Bank of America thinks electric vehicle charging company ChargePoint is well-positioned to capitalize on industry and regulatory tailwinds. Analyst Alex Vrabel upgraded shares to buy from neutral. His new price target of $14 implies a 65% rally from Friday’s close. “The reason for our upgrade is simple – CHPT has proof of execution, line of […]
The U.S. midterm elections appear likely to result in narrow divisions in both houses of Congress, which could be a boost for the old and new energy sectors alike. Energy has been a key political topic this year, with soaring oil prices leading to discussions about how to boost U.S. energy production. According to a […]
Stocks that would benefit from Republican policies have been moving higher, signaling that traders expect the GOP may have stronger odds of taking both houses of Congress. Dan Clifton, head of policy research at Strategas, constructed Republican and Democratic portfolios, which include investments that would have the most to win or lose based on the […]
The stock market may be signaling Republicans are about to sweep Congress. Investments that would do well under Republicans are edging higher and outperforming those in a hypothetical Democratic portfolio, particularly in the past week, according to Strategas. That could be signaling that the market is sniffing out more potential for Republicans in mid-term elections […]
Earlier this month, the Biden administration took a major step in combating the climate crisis with the passage of the Inflation Reduction Act, which includes roughly $370 billion in energy and climate incentives – mostly in the form of tax credits, according to Goldman Sachs. But with potential ripple effects on global supply chains as […]
