Halftime traders like these energy names, including two that may be a buying opportunity on earnings
Energy stocks may be lagging the market, but don't count them out just yet, according to "Halftime Report" traders. The Energy Select Sector SPDR Fund gained a whopping 57.6% in 2022, compared with the S & P 500 's 19.4% drop. However, this year the sector is down nearly 3%, versus the 4% gain by the S & P.
" One name he owns is Occidental Petroleum , which reports earnings after the bell Monday. Terranova is expecting a "record quarter." Sarat Sethi, portfolio manager at Douglas C. Lane & Associates, is also slightly overweight in energy and sees a potential buying opportunity. "As soon as you see the economy stabilize, energy is going to be the place to be again," he said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hot-shooting ASU takes 46-45 halftime lead over Arizona Wildcats in McKale season finaleCedric Henderson had 14 first-half points, including a 3-pointer just before the halftime buzzer, but ASU still held a 46-45 halftime lead in the Wildcats’ home finale at McKale Center.
Read more »
Long running contenders and surprise drop-offs as Sask. reveals top baby names for 2022Olivia is the top girl\u0027s name for the eighth year in a row. The boys\u0027 list saw an upheaval, but Noah reigned supreme for the second time.
Read more »
Blackstone's Schwarzman received over $1 billion in pay, dividends in 2022Blackstone Inc Chief Executive Officer Steve Schwarzman took home about $1.26 billion in pay and dividends for 2022, a regulatory filing showed.
Read more »
Brittney Griner Sports New Look in Phoenix Mercury ReturnBasketball star Brittney Griner has returned to the court, just over a year after being detained in Russia.
Read more »
Over 70 Vehicles Lose IIHS Top Safety Awards Under 2023 Criteria | CarscoopsOver 70 Vehicles Lose IIHS Top Safety Awards Under 2023 Criteria | Carscoops carscoops
Read more »
Crypto Miner Hive Blockchain Posted Net Loss of $90.4M for Q3 2022Ethereum's transition to PoS significantly hurt Hive, but it still managed to increase its mining production by 13% year-over-year.
Read more »