IBD says now is the time to rotate into energy
Posted: Thu Dec 21, 2017 2:28 pm
Investors Business Daily: "A growing number of energy and mining stocks are moving into buy zones, leading the S&P 500, amid growing confidence in the world economy. The Trump tax cuts should help global economic growth and boost corporate profits. A global synchronized boom would benefit commodity plays and other cyclical sectors and push those sectors into a sustained market leadership role. So investors should pay attention to this move."
Concho Resources (CXO) and Diamondback Energy (FANG) are mentioned in this article.
https://www.investors.com/research/inve ... yptr=yahoo
In second half of 2010 the energy sector broke out like this and the Sweet 16 moved up almost 50% in a few months, but this time the Sweet 16 is even more oversold.
The Wall Street Herd is changing direction and the herd has a lot of money. The Sweet 16 are going to report solid Q4 results.
Concho Resources (CXO) and Diamondback Energy (FANG) are mentioned in this article.
https://www.investors.com/research/inve ... yptr=yahoo
In second half of 2010 the energy sector broke out like this and the Sweet 16 moved up almost 50% in a few months, but this time the Sweet 16 is even more oversold.
The Wall Street Herd is changing direction and the herd has a lot of money. The Sweet 16 are going to report solid Q4 results.