Energy stocks roar toward their best year in three decades amid recovery in oil

It’s six months into 2021, and energy stocks are already on pace for their best year in more than three decades, leading some to believe the run may be due for a pullback. The group pulled back on Thursday and Friday, but is still up more than 40% for the year. That’s almost double the… Continue reading Energy stocks roar toward their best year in three decades amid recovery in oil

Goldman Sachs sees oil rallying into the summer. Here are the firm’s top stock picks to play it

Oil prices are up more than 40% for 2021 amid a recovery in demand for petroleum products, and Goldman Sachs sees more upside for crude and energy stocks. West Texas Intermediate crude hovered on Friday around its highest level since October 2018, trading at $70.61 per barrel. Brent crude futures stood at $72.83, a level… Continue reading Goldman Sachs sees oil rallying into the summer. Here are the firm’s top stock picks to play it

Energy lags in April. What two traders are watching in 2021’s top sector

Energy has gone from first to worst. Energy stocks sank Friday, ending April as the month’s worst-performing sector despite slightly stronger-than-expected earnings from oil giants Exxon Mobil and Chevron. It is nevertheless the top-performing sector for 2021, up nearly 30%. In an interview Friday with CNBC’s “Trading Nation,” Craig Johnson, senior technical research analyst at… Continue reading Energy lags in April. What two traders are watching in 2021’s top sector

Biden’s infrastructure proposal directs billions toward clean energy. These companies will benefit

Clean energy stocks have come under pressure this year following a record-setting 2020, but experts said supportive policies from the White House could provide gains across the sector. Valuations on these companies are also looking more attractive because of a recent pullback in the sector, analysts said. “Alt Energy stocks have undergone a correction …… Continue reading Biden’s infrastructure proposal directs billions toward clean energy. These companies will benefit