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Fundstrat’s Tom Lee says the ‘entire energy complex is a buy’ as economy roars back

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Fundstrat’s Tom Lee says the ‘entire energy complex is a buy’ as economy roars back


Oil storage containers are seen, amid the coronavirus disease (COVID-19) pandemic, in Los Angeles, California, U.S., April 7, 2021.

Lucy Nicholson | Reuters

Fundstrat Global Advisors co-founder Tom Lee told CNBC on Tuesday that he remains bullish on the energy sector as the U.S. economy recovers from the coronavirus pandemic.

“I think the entire energy complex is a buy,” Lee said on “Fast Money.” “Structurally, the industry and also the energy companies are really seeing the best supply-demand alignment in more than 10 years.”

The energy sector was hit hard by the pandemic, as demand for oil fell amid a sharp reduction in travel. The rollout of Covid vaccines and optimism around the economic reopening has reignited demand, helping push the price of oil higher while lifting the stocks of energy companies.

The Energy Select Sector SPDR Fund, which trades under the ticker XLE, is up nearly 34% year to date. The S&P 500, for comparison, is up more than 10% so far in 2021.



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Volvo Cars looking to list on Nasdaq Stockholm this year By Reuters

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Volvo Cars looking to list on Nasdaq Stockholm this year By Reuters



© Reuters. FILE PHOTO: A long exposure picture shows cars of Swedish automobile manufacturer Volvo displayed in front of a showroom of Stierli Automobile AG company in St. Erhard, Switzerland April 11, 2019. REUTERS/Arnd Wiegmann

STOCKHOLM (Reuters) – Swedish automaker Volvo Cars said on Wednesday it is considering listing on the Nasdaq Stockholm stock exchange this year.

The company, which is owned by China’s Geely Holding Group, also said it extended Chief Executive Hakan Samuelsson’s contract to the end of 2022.

Geely’s Hong Kong-listed unit Geely Automobile and Volvo Cars scrapped a merger plan in February.

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When dollars meet the hype: The biggest NFT hits from celebrities By Cointelegraph

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When dollars meet the hype: The biggest NFT hits from celebrities By Cointelegraph



When dollars meet the hype: The biggest NFT hits from celebrities

Nonfungible tokens have quickly become a mainstream phenomenon, and a number of celebrities and entertainment and sporting icons are driving their popularity. The question is: Which NFT has had the most influence on this up-and-coming sector?

There is no denying that NFTs have taken the world by storm as some of the most popular digital collectibles have attracted mind-blowing price tags and led to a stampede of newcomers looking to make the most of the spotlight on the space.