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Energy Stocks Could Struggle in 2024. Analysts Still Like These 11.

Por: MarketWatch Business December 24, 2023

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OPEC could just as easily withdraw its support, and send prices sharply lower. That is the biggest reason 2024 is shaping up as a difficult year for the energy sector and one factor driving more investors to oil stocks. Energy went from the best-performing sector in the in 2022 to the second-worst in 2023, beating only utility stocks. The sector is down 3.5% in 2023, versus a 24% gain for the S&P 500. Earnings are on track to fall 28.2% from... + full article



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