HNST - Hot Stocks: Natural gas stocks surge; TLRY extends rally; KMX CRMT hit lows; HNST plunges; ANDE sets high
The major U.S. equity averages finished Friday's trading mixed, with the Nasdaq posting a slim loss while the Dow and S&P 500 recorded modest gains. The uncertainty came as Treasury yields surged, with investors considering the prospects of accelerated interest rate hikes from the Federal Reserve. News out of Europe remained in focus as well, with natural gas taking center stage. Stocks in the sector jumped after the U.S. and European allies announced a deal for the U.S. to export gas to the continent. Stocks like Tellurian (NYSE:TELL), Southwestern Energy (SWN), EQT (EQT) and Range Resources (RRC) all showed substantial gains on the news. The impact of Russia's invasion of Ukraine, which has spurred concern about natural gas supplies in Europe, has also raised the specter of food shortages. Amid this supply crunch in the sector, agribusiness service provider The Andersons (ANDE) saw another day of gains, climbing to a
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Hot Stocks: Natural gas stocks surge; TLRY extends rally; KMX, CRMT hit lows; HNST plunges; ANDE sets high