Investors have learned a difficult lesson through the first half of the year: The stock market can go down very quickly. In fact, the broad S&P 500 has slipped over 14% from its high, putting the benchmark index squarely in correction territory. Read More...
Barrons.com
Exxon Gets an Upgrade to Buy, but Analyst Takes ‘Chips Off Table’ for 2 Other Oil Stocks
Energy stocks have emerged winners in this period of volatility and historically high inflation, reporting record profits and boosting shareholder returns as oil prices have surged. For Evercore ISI analyst Stephen Richardson, that time may be nearing. The backdrop for energy stocks remains solid, Richardson added, but the industry will soon have to navigate higher operating costs, capital expenditure inflation, cash taxes, and the eventual deflation of gas prices — and investors should be prepared.
Add Comment