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Stock impact report

The energy trade that excites VanEck's CEO — and it's not oil [CNBC]

BWX Technologies, Inc. (BWXT) 
Last bwx technologies, inc. earnings: 2/24 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investors.bwxt.com
Company Research Source: CNBC
VanEck CEO Jan van Eck isn't excited by traditional energy plays, which include the year's volatile crude trade. “The core ‘Old Energy' world is just a sideways world right now,” VanEck CEO Jan van Eck told CNBC's “ETF Edge” on Monday. Yet, it has been anything but sideways so far this year for the oil markets. On Wednesday, WTI closed at its highest level since Oct. 8 on jitters surrounding President Trump and Iran . Meanwhile, Brent also settled higher. WTI Crude (Feb'26) In a special statement to CNBC on Wednesday, van Eck indicated his view hasn't changed since Monday — citing a one-year time horizon for his outlook. Instead, van Eck prefers stocks tied to electricity and nuclear power, citing demand from hyperscalers and the broader artificial intelligence trade He thinks investors are underestimating the alternative energy's reliability. “I don't think that the ‘R word' is really understood well enough,” he said. “Data centers can't be down. They can't take an hou Show less Read more
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