Energy Stocks Set to Beat Broader Market by Biggest Margin Ever
News Source : Financial Post
News Summary
- The S&P 500 Energy Index is up 39% in the first quarter so far.
- The group has been on a stellar winning streak, rising for 14 straight weeks.
- Firms like Exxon Mobil Corp. and ConocoPhillips are on track for best-ever quarterly performances.
- The last time US and Canadian energy stocks saw such outsized gains was first quarter of 2022 — when Russia invaded Ukraine.
- But that outperformance did not last very long, with energy stocks lagging a year later.
(Bloomberg) US energy stocks are on track to top the broader market by the biggest margin ever, as investors rushed to the group amid the Middle East war and a broader rotation away from pricey techn [+5592 chars]
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