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Stock impact report

Investors are overlooking a key sector of the stock market. 3 reasons market pros see big upside in energy [Yahoo! Finance]

LPL Financial Holdings Inc. (LPLA) 
Last lpl financial holdings inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lpl.com
Company Research Source: Yahoo! Finance
The recent rallies in energy stocks are smashing through crucial resistance levels from the 2022–2023 peaks. Geopolitical risks and macroeconomic factors will fuel further growth in sector equities. Technology seems to get all of the attention in the stock market, but investors should turn to a less glitzy sector that's ripe for strong gains amid a cocktail of bullish tailwinds. Energy stocks should be getting more attention, market experts say, as the sector has kicked this year off with an impressive streak, with the S&P 500 Energy index delivering returns of 16.3% so far in 2024. However, the top Wall Street economist David Rosenberg said investors aren't yet taking advantage of the sector's favorable position in the market. "It's an overlooked part of the market, as investor positioning is extremely negative (-$2.7 billion outflows from the SPDR Energy sector ETF over the past year). That's a contrarian positive," Rosenberg told Business Insider in an email on Friday. M Show less Read more
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