DIRS.INFO The most relevant business & tech news

☆ A Trillion Cicadas, They’re What’s for Dinner
▼ + stars: | 2024-05-06 | by ( Tejal Rao | ) www.nytimes.com time to read: +1 min

Over the next six weeks or so, a trillion cicadas will emerge across the Midwest and Southeast for a brief, raucous, once-in-a-lifetime bender. “What an incredible time,” said Joseph Yoon, a particularly exuberant bug enthusiast who will hit the road and forage for the insects as they tunnel up in a mass emergence of two regional broods not seen since 1803. The synchronicity that this is all occurring in my lifetime!”Mr. Yoon is a chef who promotes an appreciation of edible insects through his business Brooklyn Bugs. For his ramp and cicada kimchi, he leaves the insects whole and intact in their crackling shells so they’re slowly permeated with a spicy fermenting juice, and serves it with a wobble of soft tofu and warm rice. He fries cicadas to make tempura, folds sautéed cicadas into Spanish tortillas with potato and onion, and bakes cheesy casseroles with cicada-stuffed pasta shells.

Persons: bender, ”, Joseph Yoon, Yoon Locations: Midwest, Brooklyn

Early-stage investing is a delicate dance. It demands an understanding of markets, a knack for recognizing potential, and sheer tenacity to weather the cyclical storms of the startup world. Now in its fourth year, our Seed 40 list illuminates the women who have mastered this craft. They are on the front lines, locking arms with visionary founders to transform ideas into full-fledged businesses, often putting money and support behind those builders before others see the opportunity. This story is available exclusively to Business Insider subscribers.

Organizations: Business

Behind most startup founders is an early-stage investor who saw their potential, nurtured their ambition, and backed their ideas. The end of a record bull run in tech rebooted the startup landscape, and now early-stage investors are embracing the change. Founders have gone back to basics, staying lean and mean from the start and harnessing tailwinds of the artificial intelligence boom. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.

Organizations: Business

☆ How former Slack and Twitter executive April Underwood used angel investing to create a career in venture capital
▼ + stars: | 2024-05-06 | by ( Leena Rao | ) www.businessinsider.com time to read: +5 min

That entrepreneurial, technology-focused spirit has driven Underwood to an illustrious career at some of the industry's biggest companies, including Google, X, Slack, and Intel. As she built products at these tech giants, Underwood quietly invested in over 50 startups, including the genetics-testing unicorn Color and the cap-table giant Carta. Underwood began investing while at X, then called Twitter, where she was the company's director of product. Shortly after, #Angels was born, the investment collective cofounded by Underwood, Verrilli, Jana Messerschmidt, Chloe Sladden, Katie Stanton, and Vijaya Gadde. Since 2015, the group has backed over 100 startups, including Forward, Clubhouse, Instacart, Material Security, and Airtable.

Persons: Underwood, she'd, Slack, Jessica Verrilli, who'd, Stewart Butterfield, Cal Henderson, Ev Williams, Jack Dorsey, Verrilli, Jana Messerschmidt, Chloe Sladden, Katie Stanton, Vijaya Gadde, you've, I've, they've Organizations: Amarillo College, Business, Google, Intel, GV, Cue, Twitter, Health, Security, Slack Locations: Amarillo , Texas, Amarillo, Termina, San Francisco

☆ I'm a mom and food scientist who shops for 5. Here are 8 delicious items I love buying at Aldi.
▼ + stars: | 2024-05-05 | by ( Abhiya Ahmed | ) www.businessinsider.com time to read: +1 min

As a food scientist and mom, I love shopping at Aldi for high-quality, budget-friendly items. I also love picking up items like cottage cheese, cilantro, Irish butter, and salad kits. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . I guess that's not too surprising because, in my professional life, I'm a food scientist. This story is available exclusively to Business Insider subscribers.

Persons: —, I've Organizations: Aldi, Service, Business

☆ Tesla shares 'very expensive': EV maker likely to face a 'huge demand problem' over price cuts, fund manager says
▼ + stars: | 2024-05-02 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Other automakers are seeing strong growth in their electric vehicle sales even as the overall global auto market faces a downturn, adding to the pressure for Tesla. Similarly, BMW said earlier in April that sales of fully electric vehicles at its core brand jumped 41% in the first quarter. However, as the EV maker aggressively cut the cost of new vehicles globally, used car values have dropped in parallel. "I think there's going to be a huge demand problem for Tesla," he added. However, they reiterated their "overweight" rating for the stock with a price target of $205 – or 12% upside – for Tesla.

Persons: Tesla, Mark Hawtin, Elon, Hawtin, United States …, Ronald Jewsikow, Guggenheim, Piper Sandler, Alexander Potter, Ben Johnson Organizations: GAM Investments, Baidu, Volkswagen, BMW, Tesla Locations: China, Europe, United States

☆ CNBC's Inside India newsletter: Will AI make or break India?
▼ + stars: | 2024-05-02 | by ( Ganesh Rao | ) www.cnbc.com time to read: +9 min

But one that could foreshadow India's growth story. Can Teleperformance's stock plunge be the canary in the coal mine for what is likely to happen to India because of AI? But it's likely to be a blip for India's growth trajectory, given the macro forces at play. Besides creating jobs that are less likely to be immediately disrupted by AI, India could also be a net beneficiary of artificial intelligence. The Indian stock market indexes, Sensex and Nifty 50 , are heading for a positive week again — up by 1% and 1.2%, respectively.

Persons: Findlay Kember, Klarna, ChatGPT, K Krithivasan, Krithivasan, Narendra Modi, It's, Shilan Shah, Goldman Sachs, Vinay Dwivedi, Ashok Gulati, Nomura, League Pickleball, Karine Jean, Pierre, Jerome Powell, Raghuram Rajan, Ashish Jain, CNBC's Ayushi Jindal Organizations: AFP, Getty, India's Tata Consultancy Services, Financial Times, TCS, World Bank, International Monetary Fund, University of Oxford, Capital Economics, Investment, Nomura, Qualcomm, Powerchip Semiconductor Manufacturing, UPI, India, Commission, Agricultural, United Pickleball Association, Global Sports, PPA, League, Washington Post, White, U.S ., Federal, CNBC, Reserve Bank of India, University of Chicago Booth School of Business Locations: Swedish, Paris, India, Chennai, U.S, Europe, China, Singapore, South Korea, Canada, United States

☆ Only 2 stocks in Europe have beaten estimates for 5 quarters and rallied each time
▼ + stars: | 2024-05-01 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Only two European stocks have positively surprised markets every quarter for the past five quarters, according to analysis by CNBC Pro. CNBC Pro screened for stocks that report EPS figures and have analysts' estimates available on FactSet. Most recently, on Feb. 5, the company beat earnings estimates by 6.1% and shares rallied more than 8% in the following session. Four quarters ago, the stock rallied by 12.8% in a single session following earnings. Many banking stocks, such as France's Societe Generale , Spain's Banco de Sabadell , Germany's Commerzbank and Sweden's Swedbank , beat earnings-per-share estimates over the past five quarters.

Persons: UniCredit, Germany's, Sweden's Organizations: CNBC Pro, Portugal's Banco Comercial Portugues, Generale, Spain's, Sabadell, Deutsche Bank, CNBC Locations: Europe, Milan

☆ This emerging market fund has outperformed over 1, 5 and 10 years. Here's how
▼ + stars: | 2024-04-30 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

The global emerging markets fund managed by Aubrey Capital has achieved impressive returns over the past decade. This approach has helped the Aubrey Global Emerging Markets Opportunities Fund to post returns of 13.8% over the past year, nearly double the MSCI Emerging Market Index 's 8.2% gain. Aubrey's investment approach is based on its Global Emerging Markets Strategy , which oversees nearly $600 million of assets. Out of about 2,000 consumer-facing companies in the emerging markets universe, Aubrey is only invested in about 35. Nearly half the Aubrey Global Emerging Markets Opportunities Fund is invested in India.

Persons: Aubrey Capital, Mark Martyrossian, Aubrey, Martyrossian, Taiwan's, It's, Varun Organizations: Aubrey, CNBC, Aubrey Global, Fund, Global, PepsiCo, Companies, Arca Continental, Burger King, Arcos Dorados, DLF Locations: Turkey, South Africa, Hong Kong, China, India, United States, Mexico, Brazil, Delhi, Mumbai

Steve Bowsher, In-Q-TelSteve Bowsher, president and CEO of In-Q-Tel. He made an early bet on Palantir, blowing the doors open for Silicon Valley techies to go after federal contracts. The son of a federal employee who grew up devouring spy novels, Bowsher has always been interested in the work of the government but actually cut his teeth in Silicon Valley. After graduating from Stanford, he worked for three startups and spent eight years at venture fund InterWest Partners. By combining Silicon Valley's swashbuckling ethos with a government agency's mission-driven mentality, Bowsher has helped shepherd some of the biggest defense tech success stories of the past two decades.

Persons: Steve Bowsher, Bowsher Organizations: Magazine, Stanford, InterWest Partners Locations: Menlo Park , California, Silicon Valley

☆ This bitcoin miner and Nvidia AI cloud partner's stock could go up 50%, Berenberg says
▼ + stars: | 2024-04-29 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Frankfurt-based tech company Northern Data , prominently known for bitcoin mining, has recently transformed its business model into cloud solutions and data center infrastructure. Listed on the Frankfurt Stock Exchange, Northern Data has three core divisions: Peak Mining for bitcoin mining, Taiga Cloud for cloud computing and Ardent Data Centers for data center infrastructure. The company's Taiga Cloud division is certified as an "Elite" partner of Nvidia , making it one of the largest providers of Nvidia-based cloud services in Europe. The investment bank forecasts annual revenues of around 400 million euros and adjusted profits of about 290 million euros from Taiga Cloud from 2026 onward. Northern Data's cloud computing platform is expected to have 20,000 Nvidia AI chips, worth 730 million euros, by the third quarter of 2024, the note said.

Persons: Gerhard Orgonas, Jenna Xu, Aroosh Thillainathan Organizations: Northern Data, Frankfurt Stock Exchange, Data, Mining, Ardent, Healthcare, Northern Bitcoin, Northern, Nvidia, Data's Locations: Frankfurt, Italy, United States, Northern, Pittsburgh, North Dakota, Texas, Europe

☆ CNBC's Inside India newsletter: A $270 billion gamble on green?
▼ + stars: | 2024-04-25 | by ( Ganesh Rao | ) www.cnbc.com time to read: +8 min

Solar panels stand at the Welspun Energy solar power plant in Neemuch, Madhya Pradesh, India. One sector in particular — electrical power transmission — will see $270 billion in financial benefits, according to Goldman Sachs. While utilities like the Power Grid Corporation of India may be perceived as unsexy, compared to growth stocks like Tesla, India plans to promote renewable energy without the taxpayer spending a single rupee. The country has added about 70 gigawatts of solar power capacity over the past decade without piling on further costs by simply maximizing the grid's usage. Currently, state governments in India levy surcharges and taxes on every unit of carbon-intensive energy transmitted through the grid.

Persons: Vivek Prakash, Elon Musk, Narendra Modi, Goldman Sachs, It's, Vinay Dwivedi, India Anna Dravida, Vinay, Modi, Mohamed Muizzu's, Jamie Dimon, Modi's Organizations: Bloomberg, Getty, U.S, Power Grid Corporation of India, Goldman, Companies, Reliance Industries, Adani Enterprises, Tamil Nadu —, Dravida Munnetra Kazhagam, India Anna Dravida Munnetra Kazhagam, CNBC, Modi's Bharatiya Janata Party, Vodafone Idea, Vodafone, West, Economic, of New, JPMorgan, CNBC Pro, we'll Locations: Neemuch, Madhya Pradesh, India, Tamil Nadu, Dravida, New Delhi, Maldives, China, Beijing, West Indies, Pakistan, U.S, of New York

☆ When Tesla shares rise — these 7 stocks have tended to rise too, according to recent history
▼ + stars: | 2024-04-24 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Seven stocks in the S & P 500 tend to rise alongside Tesla shares, according to an analysis of recent data by CNBC Pro . The share price performances of these S & P 500 stocks were highly correlated to Tesla's last month. However, unlike Tesla's more than 30% plunge this year, these stocks have either remained flat or have relatively modest negative returns. A correlation of zero would indicate no statistical link between the EV automaker's stock and the share price of the seven companies. The consensus upside potential for the stocks listed above was derived from FactSet's poll of analysts covering each stock.

Persons: Elon Musk, weathers, — CNBC's Lora Kolodny Organizations: CNBC Pro, Juniper Networks, Seagate Technology, Tyler Technologies, Regeneron Pharmaceuticals, Vertex Pharmaceuticals, IDEXX Laboratories, EV, CNBC Locations: U.S, lockstep

☆ I shopped at Trader Joe's daily until Aldi won me over. I finally understand why people love the chain so much.
▼ + stars: | 2024-04-24 | by ( Kate Collins | ) www.businessinsider.com time to read: +4 min

Read previewBefore I shopped at Trader Joe's, I was never loyal to any one grocery store. That's why when I worked near Trader Joe's, I stopped there daily. I also began to notice how long the Aldi produce he bought lasted in our fridge. It didn't feel cramped like Trader Joe's, which made browsing easier. Just like the seasonal items that stoke Trader Joe's fandom, Aldi's Finds are ever-changing and quirky.

Persons: —, Joe's, I'd, Adam McCullough, Shutterstock, Aldi's, I've Organizations: Service, Business, Aldi, stoke Locations: Aldi

☆ Forget Nvidia: Morgan Stanley says Intel's much-hyped AI chip will boost 3 global stocks
▼ + stars: | 2024-04-24 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

The launch of Intel 's latest artificial intelligence chip is expected to benefit three global semiconductor companies, according to Morgan Stanley. The semiconductor giant said the latest chip is twice as power-efficient and can run AI models one-and-a-half times faster than Nvidia's H100 GPU – the flagship product from the current AI chip market leader. In a research note Monday, the Wall Street bank said Taiwanese companies TSMC , Alchip , and Wistron are likely to be the biggest beneficiaries of the demand for Intel's Gaudi chips. In its note, Morgan Stanley reiterated its overweight rating on Alchip and TSMC, considering them long-term winners of AI semiconductor demand. The analysts are overweight on Wistron too, noting that Nvidia's new Blackwell GB200 AI chip will also drive immediate growth for the Taiwanese electronics manufacturer.

Persons: Morgan Stanley, Gaudi, Alchip, Wistron, Morgan Stanley's, Charlie Chan, Blackwell, — CNBC's Michael Bloom Organizations: Intel, Gaudi, Dell, Hewlett Packard Enterprise, Lenovo, Microsoft, Google Locations: United States

☆ When Tesla shares fall, these 6 stocks tend to rise, according to recent history
▼ + stars: | 2024-04-23 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Six stocks in the S & P 500 tend to rise when Tesla shares fall, according to an analysis of recent data by CNBC Pro . The share price performance of these S & P 500 stocks was inversely correlated to Tesla's last month. A correlation of 0 would indicate no statistical link between the EV automaker's stock and the share price of the six companies. The table below highlights the ten stocks in the S & P 500 that had the strongest inverse correlation with Tesla's share price last week (between Apr. 20): Consumer products maker Church & Dwight is the only stock that was inversely correlated to Tesla both in March and last week.

Persons: Wells, Tesla, Emmanuel Rosner, Dwight, Fred Imbert Organizations: CNBC Pro, Linde, FMC, eBay, Church, Walmart, Tesla, Deutsche Bank, EV, CNBC Locations: U.S

☆ Analysts love this gold explorer's stock — and even the most cautious expect it to soar 114%
▼ + stars: | 2024-04-22 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Winmill expects shares to rise 114% to 4.50 Canadian dollars ($3.27) from current levels. Arizona Metals's stock has a consensus price target of 6 Canadian dollars, representing a potential upside of 185%, according to FactSet data. BMO Capital Markets analyst Rene Cartier has a price target of 6.50 Canadian dollars on the stock, giving it upside potential of 209%. Beacon Securities analyst Bereket Berhe, meanwhile, has set a price target of 10.50 Canadian dollars, suggesting a potential upside of 400%. This makes Scotiabank's price target the most conservative among analysts polled by FactSet.

Persons: Kay, bode, Eric Winmill, Winmill, Rene Cartier, Bereket Berhe Organizations: Arizona Metals Corp, Scotiabank —, Scotiabank, AMC, Arizona Metals's, BMO Capital, Beacon Securities, FactSet Locations: Canadian, Phoenix , Arizona, United States, Arizona

☆ Insider Today: Skip the supplements
▼ + stars: | 2024-04-20 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +5 min

Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The singer's rollout strategy for "The Tortured Poets Department" — releasing zero singles and barely promoting — is a true power move. Bernadette RankinThis week's dispatchGet into destination dupesAre you sick of high prices to travel to your favorite destination across the pond? AdvertisementAccording to Expedia, one of the biggest trends of 2024 is destination dupes — places where you can travel for way less. More of this week's top reads:The Insider Today team: Joi-Marie McKenzie, editor-in-chief, in New York.

Persons: —, Taylor, Bernadette Rankin, Expedia, That's, Graham Denholm, Chelsea Jia Feng, Taylor Swift, Amy Sussman, WireImage, Alex Garland, Garland, Michael Pollan, Tabitha Soren, subjug, Tyler Le, Broccoli, Carl Juste, Rebecca Zisser, Birkin, Robert Durst, Riley Keough, Lily Gladstone fictionalizes, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Service, Department, Business, Boeing, Danish, Mount, Rights Management, Chelsea, Poets Department, Defense, Food, Miami Herald, Tribune, Getty, Augusta National Golf, Hulu Locations: California, Copenhagen, Netherlands, Mount Vernon , Washington, Paris, New York City, New York

☆ Here are the 6 stocks that rise when Nvidia shares fall
▼ + stars: | 2024-04-19 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Six stocks in the S & P 500 rise often whenever Nvidia shares fall, according to a CNBC Pro analysis. A correlation of 0 would indicate no statistical link between Nvidia's stock and the share price of the six companies. Correlated returns also do not indicate causation or guarantee future returns or price action patterns. The below table highlights the 10 stocks in the S & P 500 with the strongest inverse correlation with Nvidia's share price. Trivariate Research's Adam Parker also named eight steady growth stocks that could replace Nvidia if investors are concerned that they are overexposed to it.

Persons: Jack Daniel's, Brown, Forman, Henry Schein, Katie Stockton, Trivariate Research's Adam Parker Organizations: Nvidia, CNBC, Electronic Arts, CNBC Pro Locations: U.S, lockstep

☆ Loads of analysts cut their price targets on these 10 stocks ahead of earnings
▼ + stars: | 2024-04-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Analysts have lowered their expectations on several global stocks this week by cutting their price targets. The list of stocks includes auto stocks Tesla , Rivian and Aptiv , pharmaceutical firms Biogen and Novartis , energy companies EQT Corp and TotalEnergies , airline Deutsche Lufthansa and aerospace firm Boeing , and fast food giant McDonald's . The price target changes come ahead of the next earnings season covering the first quarter of this year. CNBC Pro screened for global stocks in the MSCI World index that have received price target downgrades over the past seven days and are yet to report earnings. Tesla Wall Street analysts from 15 firms downgraded their 12-month price targets for Tesla over the past week.

Persons: Elon Musk, Tesla's, Tesla, Stifel Nicholas, Johannes Braun, Marc Zeck, Samantha Subin, Michael Bloom Organizations: Novartis, EQT Corp, Deutsche Lufthansa, Boeing, CNBC Pro, Barclays, Lufthansa Locations: Stifel

☆ IPO market continues to open up, market downdraft be damned, but higher rates loom
▼ + stars: | 2024-04-18 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

For proof that the market for initial public offerings continues to open up despite the downdraft in the market, just look at this week. This spring reopening, however, is threatened by the specter of higher interest rates. Why higher interest rates hurt IPOs The major headwind: higher for longer interest rates. technology) are more sensitive to a change in interest rates, because their cash flow projections are further out. Still, most admit higher rates make it more difficult to get investors excited about IPOs.

Persons: Ibotta, Rubrik, Matt Kennedy, IPOs, That's, Kennedy, Santosh Rao Organizations: Centuri Holdings, Southwest Gas Holdings, UL Solutions, Group, Renaissance Capital, Loar Holdings, Manhattan Venture Partners

☆ 'Hard to Ignore': Jefferies says this cybersecurity stock could double after 75% rise in the past year
▼ + stars: | 2024-04-17 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

After two consecutive dreadful years of returns, investment bank Jefferies is forecasting a rebound in the share price of Darktrace , a British cybersecurity company. DARK-GB 1Y line The cybersecurity company reported third-quarter results on April 11 that exceeded expectations. Following the better-than-expected results, Jefferies raised its price target for Darktrace to 890 pence from 550 pence, reiterating its "buy" rating. The consensus price target of analysts polled by FactSet points to a 24.4% upside potential for the stock. Brennan's price target is the biggest among all analysts covering the stock.

Persons: Darktrace, Charles Brennan, —, Jefferies, FactSet Organizations: Jefferies, Revenue Locations: British, London, U.S

☆ Five things that are hard to get even if you're pretty rich
▼ + stars: | 2024-04-17 | by ( Jordan Hart | ) www.businessinsider.com time to read: +6 min

AdvertisementHere are five things that are hard to do even if you're considered rich. The tournament is a favorite of the rich, and wealthy golf fanatics flock to Georgia during the first full week of April to attend. AdvertisementSecuring an apartment in this New York City co-op buildingThe River House sits along the East River of New York City. The 26-floor Art Deco River House is considered one of the most exclusive places to live in New York City. Its original location in New York City is one of the toughest reservations to secure.

Persons: —, Kevin C, Cox, Warren Buffett, Bill Gates, Stanley Druckenmiller, Atlantide Phototravel, Richard Nixon, Joan Crawford, Diane Keaton, Uma Thurman, Henry Kissinger, Birkin, Carl Juste, Rebecca Zisser, It's, Rao's, Frank Pellegrino Jr, They're, Pellegrino, Cartier Cheich, Arnold Jerocki, Cartier, Gaston Rahier Organizations: Service, Business, Augusta National Golf, Augusta National Golf Club, National Golf, Bloomberg, Miami Herald, Tribune, Getty, Google, Town, New York Times, Forbes, Cartier Locations: Georgia, New York City, Atlantide, East, there's, New York, Paris, Dakar

☆ 5 things that are hard to get even if you're pretty rich
▼ + stars: | 2024-04-17 | by ( Jordan Hart | ) www.businessinsider.com time to read: +6 min

AdvertisementWealth grants access to a lot, but even the wealthy can't just buy anything. AdvertisementHere are five things that are hard to do even if you're considered rich. The tournament is a favorite of the rich, and wealthy golf fanatics flock to Georgia during the first full week of April to attend. AdvertisementSecuring an apartment in this New York City co-op buildingThe River House sits along the East River of New York City. Its original location in New York City is one of the toughest reservations to secure.

Persons: —, Kevin C, Cox, Warren Buffett, Bill Gates, Stanley Druckenmiller, Atlantide Phototravel, Richard Nixon, Joan Crawford, Diane Keaton, Uma Thurman, Henry Kissinger, Birkin, Carl Juste, Rebecca Zisser, they're, It's, coowner Frank Pellegrino Jr, Delish, Pellegrino, Cartier Cheich, Arnold Jerocki, Cartier, Forbes, Gaston Rahier Organizations: Augusta National, Service, Augusta National Golf, Augusta National Golf Club, National Golf, Bloomberg, Deal, Miami Herald, Tribune, Getty, Business, Google, Town, New York Times, Cartier Locations: Georgia, New York City, Atlantide, East, there's, New York, Paris, Dakar

☆ These 10 oil stocks are the most — and least — sensitive to price swings amid Iran-Israel tensions
▼ + stars: | 2024-04-16 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Crude oil prices have been volatile in April amid heightened geopolitical risks. Fears of a spillover conflict in the Middle East have led some market watchers to predict oil prices could soar to $100 per barrel and beyond . Any disruption in its capacity to supply global markets could send oil prices higher, analysts told CNBC. Oil and gas stocks that show a negative correlation with crude oil prices will enable investors to withstand any volatility while remaining invested in the sector. A correlation of 0 would mean no link between the crude oil price and the stock price.

Persons: Bartosz, Andy Lipow, — CNBC's Lee Ying Shan, Jenni Reid Organizations: Organization of, Petroleum, CNBC, Brent, Lipow Oil Associates, CNBC Pro, Energy Locations: Iran, Israel, Conotoxia, Hormuz, lockstep

Search resuls for: "Rao"

25 mentions found