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Top related persons:
it's - 1 haven't - 1 Said - 1 XLE - 1 Frank Cappelleri - 1 Tacto - 1 Andreessen Horowitz - 1 Fintech - 1
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London Berlin Europe Sequoia Munich
Top related orgs:
Energy - 3 Marathon Petroleum - 1 MPC - 1 Marathon Oil - 1 ConocoPhillips - 1 XLE Energy - 1 Accel - 1 BI - 1

Search resuls for: "XLE Energy"


5 mentions found


☆ The charts say this energy stock is showing signs of leadership that must be respected
  + stars: | 2024-05-29 | by ( Frank Cappelleri | ) www.cnbc.com   time to read: +4 min
One of the best performing stocks in the underperforming energy sector looks ready for another potential up leg, according to the charts. The Energy Select Sector SPDR ETF (XLE) has underperformed the S & P 500 thus far in 2024, but with a year-to-date gain of about 8.5%, it's actually the fifth best sector out of 11. From the closing low in May 2023 to its recent closing high on April 5, it gained a whopping 109%. However, when the stock finally emerged from that condition a year ago, demand resurfaced, and the strong advance commenced. Lastly, even after MPC's recent 20% decline, the stock has drastically outperformed both the XLE Energy ETF and the S & P 500 since the COVID lows.
Persons: it's, haven't, Said, XLE, Frank Cappelleri Organizations: Marathon Petroleum, MPC, Marathon Oil, ConocoPhillips, XLE Energy
☆ Energy software startup Axle Energy in talks to raise funds in round backed by venture capital firm Accel, sources say
  + stars: | 2024-02-28 | by ( Tasmin Lockwood | Riddhi Kanetkar | Callum Burroughs | ) www.businessinsider.com   time to read: +1 min
Energy startup Axle is in talks to raise a round backed by VC fund Accel, BI understands. The year-old company could raise around $6 million in capital as part of the deal, sources say. The energy tech startup uses electric vehicles and home energy assets to help balance grids. Energy software startup Axle Energy is in talks to raise fresh funding in a round backed by venture capital fund Accel, Business Insider understands. The London-based company, founded in 2023, connects electric vehicles and batteries to energy grids to help solve the intermittency of renewables.
Organizations: Energy, Accel, BI, Business Locations: London, Europe
☆ AI supply chain startup Tacto is set to raise funds from Sequoia. It's already in talks to bring in more cash.
  + stars: | 2023-11-03 | by ( Callum Burroughs | Tasmin Lockwood | ) www.businessinsider.com   time to read: +2 min
Tacto, a small German AI supply chain startup, is set to raise new funding from US giant Sequoia and is already in talks with a different high-profile investor to raise another round. Sequoia is set to lead Tacto's Series A round, six sources familiar with the deal told Insider. Unusually, the startup has already begun talks to raise another round of funding in addition to the Sequoia deal. Tacto is also in talks with London-based Index Ventures to immediately raise another funding round, five sources said. Andreessen Horowitz led a seed round in tiny AI startup ElevenLabs in March, and is also in talks with months-old company Mistral.
Persons: Tacto, Andreessen Horowitz, Fintech, Hanno Renner Organizations: London, Ventures, Sequoia, Energy, nab, Cherry Ventures, UVC Partners, Club Locations: Sequoia, Munich, Berlin
☆ Dropoff in venture capital funding triggers uptick in pre-emptive deals with investors desperate to back the hottest startups
  + stars: | 2023-08-02 | by ( Callum Burroughs | ) www.businessinsider.com   time to read: +3 min
Venture capital funding was cut in half in the first six months of 2023, according to Crunchbase. The dropoff has triggered an uptick in pre-empted deals, where investors back the most exciting startups. Payrails, Cello, and ElevenLabs are among the startups to close pre-emptive deals this year. Venture capital funding to startups has continued to collapse in 2023. The slowdown has led to something of an uptick in pre-empted funding rounds, where investors come forward with deal terms to exciting early-stage businesses before they even begin fundraising.
Persons: VCs, Tom Mendoza Organizations: Venture, Crunchbase, Energy, EQT Ventures Locations: London, Berlin
☆ Profits over politics: the case for anti-ESG ETFs
  + stars: | 2022-10-05 | by ( Kevin Schmidt | ) www.cnbc.com   time to read: +3 min
Proponents of environmental, social and governance (ESG) products say investors are pushing corporations to pay more attention to broader social issues. Others, such as Strive Asset Management, say companies should stick solely to earning profits. Strive has launched two ETFs to push back against "woke capitalism" in the industry. The U.S. Energy ETF (DRLL ) tracks the XLE energy ETF, with Exxon Mobil (XOM ), Chevron (CVX ) and Conoco Phillips (COP ) comprising the top holdings. "We've already engaged with 10 publicly traded energy companies," Ramaswamy said.
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