The big money in the stock market is often made by going against the grain. In November 2020, I wrote about a sector of the market that I thought presented an outsized opportunity. That sector was the energy patch - specifically, oil producers. Here's what I said: Today, the energy sector represents just 2% of the weight of the S&P 500. That is just a tiny fraction of the 25% weighting that energy stocks had in the index in 1980. While Big Tech companies today are priced for perfection in the stock market, the oil and gas sector is priced for failure. But if optimism returns, there is a ton of upside in these stocks.
Since then, the energy sector has gone on a tear. | 
No comments:
Post a Comment