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JPMorgan Likes Energy Stocks and Wonders Why Others Don’t

  • Oil explorers should be in demand as geopolitics hits supply
  • Positioning, sentiment and valuations are at bearish extremes
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Can it finally be energy stocks’ time to shine? JPMorgan Chase & Co. thinks so.

The U.S. energy industry features the second-worst performing group of stocks in the S&P 500 this year, up 5.3% compared with an advance of 19% for the broader gauge. That’s despite love from Wall Street analysts, attention from some Asian investors, and votes of confidence from the likes of Morgan Stanley Wealth Management.