Do energy stocks offer a buy opportunity?

Yes, according to Birinyi Associates, Inc.

"As the energy sector declined financials firmed, this was a short-term phenomenon. As the last week has shown, the bad news has not ended in the financial sector and the energy correction is drawing to a close. The defensive stocks have been the best names, with health care leading and consumer staples closely following. Energy however is likely to offer the best opportunity in the coming months."

When financial stocks are strong, energy stocks tend to be weak. And viceversa. When energy stocks are strong, financial stocks underperform the market. This is one of the several strategies followed by Peter Dag & Associates, Inc.

More, much more when you subscribe to The Peter Dag Portfolio on https://www.peterdag.com/.

George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977