Last week’s route was interesting in a major way. One of the market’s major whipping boys was strangely absent from the drubbing. In fact, this particularly sector was one of the only ones to end the week in a positive manner. We’re talking about energy stocks.
Thanks to a variety of factors – rising demand, dwindling supplies, surging inflation, etc, energy stocks have been riding high since the beginning of the year. But lately, the sector has taken on new life in the current market environment. Profits are up, deal-making is back and dividends are once again being paid to shareholders.
Perhaps the best part is that the good times may last for the sector this time around.
With a potentially long runway ahead, energy stocks could still represent positive value to investors. And the sector could be particularly interesting to those on the hunt for income.
Find more about energy stocks here.
