Energy stocks: Is there room for more upside? Experts weigh in

It’s been a strong 2022 for energy stocks. The S&P 500’s XLE (XLE) is up more than 40% since the beginning of January — by far outperforming the broader market.

In June and July, overbought energy stocks pulled back sharply amid concerns of a recession and tumbling oil prices. Since then, the sector has regained a large portion of those losses.

In continuation of our series, “What to do in a bear market,” Yahoo Finance asked the experts if energy is still the place to be given the recent pull back in oil prices.

Energy stocks were the place to hide out for most of the first half of the year. Should investors still be holding onto energy stocks?

“We still think we are in the early stages of a longer-term period where crude oil and natural gas prices remain fairly high by historical standards. In practical terms, this means crude oil likely in a range of $80/b – $100/b (WTI) (CL=F), and at those price points, many energy firms should have strong earnings power and throw off a lot…

Continue Reading →

This article was written by and originally published on finance.yahoo.com