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Stock impact report

‘Left for dead’ stocks tied to the economic rebound will see a revival, top investor Jeff Mills predicts [CNBC]

EOG Resources, Inc. (EOG) 
Last eog resources, inc. earnings: 2/27 04:33 pm Check Earnings Report
US:NYSE Investor Relations: investors.eogresources.com
Company Research Source: CNBC
?[These areas] of the market that have really been left for dead for the better part of two months is really encouraging to me,” the firm’s chief investment officer told CNBC’s “ Trading Nation ” on Wednesday. Even though Mills believes more pain could be ahead, he lists energy, materials, industrials and small caps as his top investment picks because they’re tied to the economic rebound and often do well in a rising interest rate environment. “If you look at the average stock in the Russell 1000 being down about 10% right now,” he said. “Zero percent of energy names are above their 50-day moving average.” Within energy, Mills is particularly bullish on EOG Resources, a shale oil and natural gas producer. “That’s our favorite name in the energy space. I think you see the commodities start to stabilize. You’ve already seen energy stocks get beat up in a big way,” said Mills. “So, I really think that’s where you want to be looking here going forward if you have, say, a six to 12 mon Show less Read more
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