5 Energy Stocks With 100% Street Support
Energy stocks are gearing up for a blowout second-quarter earnings season. And if that comes to pass, that should help extend an encouraging 2018 for the sector, which is up roughly 3% as a whole compared to losses in 2017.
"From an earnings standpoint, energy probably will grow earnings about 130%, and I didn't misstate that: 130%," Bill Stone, former PNC chief investment strategist, recently told CNBC. "You have to remember that oil went from a year ago less than $50 a barrel to about $80."
This bullish analysis is echoed by Goldman Sachs, which recently sang the praises of commodity stocks - an asset class that has shined in 2018 despite a tough June that saw emerging-market demand weakness, trade war volatility and the exit of OPEC from supply restraints. "All of these concerns have been oversold. Even soybeans, the most exposed of all assets to trade wars, is now a buy," Goldman analysts
