As oil prices rise, these global stocks are set to outperform: Bank of America

The ongoing conflict between Israel and Hamas has seen oil prices jump as investors consider the risk of wider geopolitical issues across the Middle East. These rising prices will benefit a number of stocks, according to Paulina Strzelinska, quant strategist at Bank of America. "With rising oil and natural gas prices we screen for the top 25 stocks that tend to outperform when these prices increase by at least one standard deviation above the one-year average," she wrote in an Oct.

Other companies that made the list include French energy giant TotalEnergies , British luxury car and aero-engine manufacturer Rolls-Royce and Dutch insurer Aegon . Outperformers when natural gas prices rise In a separate screen, Bank of America revealed its list of companies that tend to outperform when natural gas prices rise. Companies that showed up on the list include Portuguese energy player Galp Energia , Dutch professional software solutions provider Wolters Kluwer and the U.K.

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.

Bank of America Corp. stock rises Monday, still underperforms marketSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Source: MarketWatch - 🏆 3. / 97 Read more »

Amid a rocky market in preferred securities, Bank of America finds opportunityBank of America is cautious on preferred securities, but sees some relative value in these names.
Source: CNBC - 🏆 12. / 72 Read more »

S&P 500 Forecast: Earnings season revs up as Netflix, Tesla, Goldman Sachs and Bank of America reportThe S&P 500 index gained 0.45% last week despite a severe sell-off on Thursday and Friday, which cut its performance in half. A spike in oil prices an
Source: FXStreetNews - 🏆 14. / 72 Read more »

Bank of America Earnings Are Tuesday. The Balance Sheet Will Be the Focus.The bank expects slightly higher profits and a2% gain in net interest income.
Source: MarketWatch - 🏆 3. / 97 Read more »

Bank of America Earnings Are Tuesday. What to Expect.The bank expects slightly higher profits and a2% gain in net interest income.
Source: MarketWatch - 🏆 3. / 97 Read more »