EQT, Diamondback head Goldman's top five energy stock picksGoldman Sachs on Monday selected its five top energy stocks ahead of their quarterly earnings, saying it maintains a "long-term constructive" view on the sector "given strong cash flow, discounted valuation, the growing strategic value of U.S. gas/oil, and improving returns on and of capital."Goldman recommends Diamondback Energy (NASDAQ:FANG)$Diamondback(FANG)$, citing the company's shift to higher free cash flow allocations toward capital returns which "should help differentiate the company relative to peers."Chesapeake Energy (CHK) $Chesapeake(CHK)$is "on track to provide strong capital returns to shareholders and close the value gap vs. its pee
While the crypto sell-off is taking its toll, the company has more going for it. Trading exchangeCoinbase Global(COIN-1.47%)has suffered during the broader cryptocurrency sell-off as asset prices in popular cryptocurrencies have declined due to waning investor sentiment when compared to prior periods.Generally speaking, since its initial public offering a year ago, Coinbase's stock price has traded in lockstep withBitcoin. However, this could signal how little some understand Coinbase'sentirebusiness. While the company primarily serves as an exchange to buy and sell crypto tokens, Coinbase has a variety of other products and services, includingnon-fungible tokes (NFTs), cryptowallets, and advanced trading features likederivatives. Coinbase stock is down roughly 50% over the last month. How
S&P 500 closes at record high on retail sales cheer
Dec 27 - The S&P 500 indexended at a record high on Monday, its fourth straight session of gains, as strong U.S. retail sales underscored economic strength and eased worries from Omicron-driven flight cancellations that hit travel stocks.U.S. retail sales increased 8.5% year-over-year this holiday season, powered by an ecommerce boom, according to a Mastercard Inc report, giving the S&P 500 retailing indexa boost.Travel-related stocks, typically sensitive to coronavirus news, declined after U.S