A lot of negativity has already been priced into energy stocks, traders say

because the way this is ultimately going to get solved is, yes, production cuts, but [also] getting people back to work, getting the economy running and increasing the demand for oil," Chiavarone said.

"I think virus data that shows that maybe we're past the peak," Chiavarone said. "We're able to look through, see that reopening of the economy, see that increase in demand, and that's what's being anticipated in the share prices."

TradingNation VXRT is my stock pick. On the rise for sure to come through for covid vaccine.

TradingNation '...priced in...'

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Analysts say stocks like Walmart and Chipotle will emerge even stronger after the pandemicNew for subscribers: Analysts say stocks like Walmart and Chipotle will emerge even stronger after the pandemic Check out CNBCPro for a free trial. Pro It's amazing how well a businesses can operate WHEN A LOT OF THEIR COMPETITION WAS FORCED TO SHUT DOWN Pro Nobody’s going to emerge stronger other than companies who manufacture N95 and hazmat suits. The global supply chain is broken and consumer is bankrupt. Pro It appears that there is zero tethering to earnings multiples and low nominal GDP growth. Zero
Source: CNBC - 🏆 12. / 72 Read more »