Vaneck Vectors Oil Services Etf ETF News

Shares of NOV Inc. dropped 3.4% in afternoon trading Friday, after BofA Securities analyst Chase Mulvehill swung to bearish from bullish on the oil services company, citing valuation and concerns over the negative impacts of Russia''s invasion of Ukraine. Mulvehill double downgraded NOV to underperform from buy, even as the stock price target was raised to $22 from $18. The stock has run up 23.4% month to date, while the VanEck Oil Services ETF has advanced 16.5%, crude oil futures have climbed 13.7% and the S&P 500 has slipped 2.8%, even as Wall Street estimates for earnings before interest, taxes, depreciation and amortization (Ebitda) have declined. "[W]e are not 100% confident that Russia developments don''t make sourcing materials, like aluminum, copper, nickel and steel, more problematic for a company that was already struggling with its supply chain and material cost inflation," Mulvehill wrote in a note to clients. He also downgraded Cactus Inc. and ChampionX Corp. to neutral from buy amid valuation concerns, and their stocks fell 6.2% and 0.5%, respectively.

Sector ETF report for OIH

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Sector ETF report for IEZ

VanEck Vectors Oil Services ETF, Simplify Interest Rate Hedge ETF, Aberdeen Standard Physical Palladium Shares ETF, Breakwave Dry Bulk Shipping ETF and ARK Innovation ETF are highlighted in this Analy

Smart Beta ETF report for XES

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This energy ETF hits a new 52-week high. Are more gains in store for this ETF?

Sector ETF report for XES

OIH, XOP, RSX, JETS and XRT are included in this analyst blog.

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Wall Street has been on choppy ride since the start of 2022 due to rising rate worries. These ETF areas still have offered 10%+ returns.

Halliburton (HAL) announced fourth-quarter 2021 earnings, beating analysts' expectations. Click here to know more about my analysis and recommendation.

When the correction is moderate, fundamentally strong stocks can be resilient. But when the correction is 10% or more nothing works. Q4 earnings season though is forcing investors to rethink

Wall Street witnessed mixed trading last week.. The S&P 500, the Dow Jones and the Nasdaq gained about 0.8%, 1.3% and 0.01%, respectively.