An operator for Baker Hughes conducts a wireline survey on a Chesapeake Energy natural gas rig in the North Texas Barnett Shale near Burleson, Texas.The energy sector has been the market's laggard for years, but Goldman Sachs believes now is the time for investors to add exposure to these stocks.
"Lower supply and a bottom in demand should limit the historic oversupply and begin re-balancing the market," Goldman analysts led by Brian Singer said in a recent note. The firm believes an inflection point will be reached in June, at which point there will be a shift from building inventories to drawing inventories.
Singer also noted that the sector has held up well recently despite industry headwinds. This month energy is the top-performing S&P sector after gaining 30%. For the year, however, it's the worst-performing sector.
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:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman Sachs CIO Marco Argenti on new tech hiring, product management - Business InsiderGoldman Sachs' top tech exec explains how a recent slew of senior hires are transforming the bank's approach to building products and pitching them to customers
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock picks to buy: Quality at a reasonable price list from Goldman Sachs - Business InsiderGoldman Sachs recommends investors buy 'quality at a reasonable price.' Here's are the firm's top 10 stock picks that fit the bill. Quality at a reasonable price? So stay far away from S&P 500 lol I think the same logic can be applied to angel and seed investments right now. There's a lot of opportunity right now in startups for those willing and able to accept some risk in these uncertain times.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Goldman Sachs shares 24 energy stocks set to grow when oil recovers - Business InsiderGoldman Sachs says now is the time to buy energy stocks — and reveals 24 companies that it's betting will thrive in an economic recovery yes buy cameconews an amazing Saskatchewan company that provides more energy than Saudi's do Oman_GC That is confirmed now, Goldman Sachs is shorting Energy stocks.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Goldman Sachs says investors should look to a group of stocks it dubbed the 'GRANOLAS' to profit in the current crisis | Markets InsiderCompanies with a combination of stable growth, low volatility and attractive dividend yields will be the ones that prosper in the coming economi...
Source: BusinessInsider - 🏆 729. / 51 Read more »
Goldman lists 5 reasons why traders should load up on energy stocks following oil's historic plunge (XLE)In a note published Monday night, analysts at Goldman Sachs listed five reasons investors should add exposure to energy stocks following oil's h...
Source: BusinessInsider - 🏆 729. / 51 Read more »
Goldman Sachs shares 24 energy stocks set to grow when oil recovers - Business InsiderGoldman Sachs says now is the time to buy energy stocks — and reveals 24 companies that it's betting will thrive in an economic recovery yes buy cameconews an amazing Saskatchewan company that provides more energy than Saudi's do Oman_GC That is confirmed now, Goldman Sachs is shorting Energy stocks.
Source: BusinessInsider - 🏆 729. / 51 Read more »