Want to get in on hot energy stocks? Wall Street favors these 20 picks for gains up to 40%

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The energy sector is the best performer of 2021, and it still has a long way to go to make up for years of big declines.

The energy sector has been the best performer in the U.S. stock market this year, but it isn’t too late to jump in, as the setup is still attractive for the reopening of the economy.

The table includes price changes for the full S&P 500 SPX, -0.05% and the Dow Jones Industrial Average DJIA, +0.13%. The Dow was bogged down by holding both Exxon Mobil Corp. XOM, +3.58% and Chevron Corp. CVX, +2.76% for most of these periods until Exxon was dropped from the group of 30 blue-chip stocks in August of last year.

Energy stock screen For a list of energy stocks, it helps to expand beyond the S&P 500. The energy sector now comprises only 2.8% of the index’s market capitalization, down from 7.1% five years ago. Wall Street’s favorites Starting with our full list of 79 energy stocks , here are the 20 that are covered by at least five analysts polled by FactSet, with majority “buy” or equivalent ratings, that have the highest upside for the next year implied by consensus price targets:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Rather invest in XRP

good luck

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines