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SLB shares rise after agreeing to acquire Kelvion for $3.4 billion, expanding its data center infrastructure business and thermal management capabilities.
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The VanEck Oil Services ETF (OIH) offers exposure to the Energy - Equipment and Services sector with a low expense ratio of 0.35% and $2.05 billion in assets. The ETF has delivered strong year-to-date performance of 53.31% and one-year returns of 73.3%, but carries high risk with a beta of 0.90 and standard deviation of 30.61%. Top holdings include Schlumberger, Baker Hughes, and TechnipFMC, with concentrated exposure across 26 holdings.
On CNBC’s "Halftime Report Final Trades," Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, picked Apple Inc.
The U.S. government has secured a major agreement with Venezuela granting access to 65 billion barrels of proven oil reserves through 100-year concessions across 17 oilfields. Chevron is positioned as the primary immediate beneficiary with plans to boost Venezuelan crude production by up to 50%, while oilfield services companies like SLB and Halliburton are expected to benefit from an estimated $100 billion infrastructure investment needed to modernize Venezuela's oil industry. Energy ETFs including XLE, VDE, OIH, and IYE are positioned to capture gains from this multi-year investment cycle.
US strikes on Iran near the Strait of Hormuz sent WTI crude up 5.4% to $90.38. Seven energy stocks rallied and the 10-year yield hit 4.80%.
The article recommends two Vanguard ETFs for long-term investors seeking dividend income and stability: the Vanguard Utilities ETF (VPU), which offers a 2.71% dividend yield and invests in utility companies, and the Vanguard Energy ETF (VDE), which has surged 41% in 2026 and pays a 2.25% yield. Both funds charge minimal 0.09% expense ratios and provide portfolio diversification through exposure to quality companies in their respective sectors.
A blowout August jobs report pushed traders to price a coin-flip chance of a Federal Reserve rate hike this month, dragging the S&P 500 and Dow lower by midday Friday.