Linde did it again, beating earnings estimates and providing solid, if conservative guidance. This is why you own the company, which makes and supplies industrial gases — it just performs, quarter to quarter, regardless of the backdrop. Revenue for the first quarter ended March 31 increased slightly over 8% versus the year-ago period, coming in …
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks surged on the last day of April . The S & P 500 hit an all-time, intraday high and went above 7,200 for the first …
Exxon Mobil stands to gain as the Middle East war continues to squeeze global helium supply , according to UBS. The five-week-old war against Iran could pose a threat to the semiconductor sector, alongside other industries that depend on helium, such as medical imaging and space rockets. The U.S. Geological Survey estimates that before the …
Almonty’s tungsten mine in Sangdong, South Korea, in March 2026. Almonty BEIJING — The Iran war is squeezing a global commodities market already pressured by China’s export controls and stockpiling efforts. Prices of three niche elements — tungsten, sulfur and helium — have climbed sharply in recent weeks. While none of the commodities are traded …
This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here. Helium has emerged as a key focus for the tech sector as industry watchers cast their minds to the implications of a prolonged Iran war. A byproduct of natural gas production, helium is crucial to semiconductor manufacturing and …
Images of mobile devices at the Taiwan Semiconductor Manufacturing Co. (TSMC) Museum of Innovation in Hsinchu, on Tuesday, Jan. 11, 2022. I-Hwa Cheng | Bloomberg | Getty Images Asian technology stocks fell on Thursday as Iran’s latest attacks on Qatar’s Ras Laffan Industrial City and a surge in oil prices rattled investor sentiment, amplifying concerns …
An improving helium market could support further gains for Linde , according to JPMorgan. The bank upgraded the industrial gas supplier to overweight from neutral. Analyst Jeffrey Zekauskas’ new price target of $525, up from $455, implies that shares of Linde could add 7% from here. The analyst believes that Linde is better suited for …
On Friday, the CNBC Investing Club held its February Monthly Meeting, where Jim Cramer and Director of Portfolio Analysis ran through each stock in the portfolio. Jim put a special focus on the Club stocks within the artificial intelligence trade. He’s dubbed them the “Fourth Industrial Revolution stocks,” borrowing the term from Nvidia CEO Jensen …
A massive market snapback on Friday couldn’t erase all of the week’s damage. After several days of selling, the tech sector roared back, with the Nasdaq gaining over 2% on Friday. Chipmakers Nvidia and Broadcom led the way, with gains of 7.8% and 7.2%, respectively. The broad-based S & P 500 rose nearly 2% in …