While inflation has weighed on the stock market this year and called into question the outlook for corporate earnings next year, there are still some stocks that have proven resilient. The three major stock indexes are poised to end the year lower as investors have grown increasingly wary of a looming recession.
Its performance aligns with the broader energy sector, which has surged this year following Russia's invasion of Ukraine. The S & P 500 energy sector, which has added about 60%, is the only major group, out of 11, that's advanced in the benchmark index in 2022. Despite underperforming the broader energy sector, Diamondback has gained 27% this year and the average analyst expects it to add another 38% over the next 12 months. More than seven out of 10 analysts rate the stock a buy.