Plenty More Upside Ahead for Energy Stocks, LPL Financial Strategist Says

seekingalpha2022-08-28

Energy is the runaway winner in the S&P 500 sector standings with a nearly 50% YTD increase, and it was the only group to finish the week with a gain, +4.2%, but LPL Financial chief equity strategist ...

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RS142
2022-08-29
RS142
Ol
hphoa
2022-08-29
hphoa
Like pls..
Huatahhuat
2022-08-29
Huatahhuat
Ok
ccwee
2022-08-29
ccwee
read
Rick13
2022-08-29
Rick13
Ok
Ccchia
2022-08-29
Ccchia
K

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href=https://seekingalpha.com/news/3877210-plenty-more-upside-ahead-for-energy-stocks-lpl-financial-strategist-says><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Energy is the runaway winner in the S&P 500 sector standings with a nearly 50% YTD increase, and it was the only group to finish the week with a gain, +4.2%, but LPL Financial chief equity strategist ...</p>\n\n<a href=\"https://seekingalpha.com/news/3877210-plenty-more-upside-ahead-for-energy-stocks-lpl-financial-strategist-says\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XOM","symbol_name":"埃克森美孚","start_time":0,"source_url":"https://seekingalpha.com/news/3877210-plenty-more-upside-ahead-for-energy-stocks-lpl-financial-strategist-says","article_id":"2262852721","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2262852721","pubTimestamp":1661643979,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Energy is the runaway winner in the S&P 500 sector standings with a nearly 50% YTD increase, and it ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"XOM":"埃克森美孚","OXY":"西方石油"},"translate_title":"LPL金融策略师表示，能源股还有更多上行空间","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OXY":0.9,"XOM":0.9},"content_text":"Energy is the runaway winner in the S&P 500 sector standings with a nearly 50% YTD increase, and it was the only group to finish the week with a gain, +4.2%, but LPL Financial chief equity strategist Jeff Buchbinder sees five reasons for oil and gas stocks to continue their run higher.Strong fundamentals: A potential deal allowing Iranian crude to flow freely again could be offset by production cuts from Saudi Arabia.Technical factors: Among several that could bode well for energy stocks, breadth has been strong, with 90% of stocks in the S&P 500 energy sector trading at 20-day highs.Earnings momentum: Energy was the clear winner of the Q2 earnings season, and has increasingly supported dividend hikes and share buybacks.Valuations are too pessimistic: The sector has been trading at a P-E ratio below 9 based on 12-month forward earnings vs. 17.5 for the broader S&P 500 - Buchbinder says this makes no sense, given sector cash flow yields that are topping 10%, more than double the level for the S&P 500.Warren Buffett: \"We're not saying buy OXY, but rather that if Mr. Buffett likes the energy sector that much, we should pay attention,\" Buchbinder says.WTI crude oil futures finished +2.9% for the week at $93.06/bbl, supported by Saudi Arabia's comments this week that OPEC+ may cut production to tame market volatility, which UBS analysts say shows a desire among major producers to keep oil prices above $90/bbl.Top 10 gainers in energy and natural resources during the past 5 days: $(INDO)$ +32%, $(IPI)$ +29.4%, $(HUSA)$ +27.4%, $(HPK)$ +24.5%, $(AREC)$ +23.8%, $(SGML)$ +22.7%, $(MTR)$ +22.1%, $(TUSK)$ +19.6%, $(UUUU)$ +19.1%, $(UAN)$ 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