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Energy-related stocksIn March $S&P 500 Index (.SPX.US)$ Within the 11 sectors ofTop performanceThus, it has surpassed the 9.1% increase in the S&P 500 index since the beginning of the year. Also, since the beginning of the year, the sector has performed second after communication services with many big tech companies.
Energy-related stocksProviding new strategies to bet on economic growthThen it is being seen. Even if the geopolitical crisis were to end, energy-related stocks are thought to provide protection for investors.
The sharp rise in energy stocks in 2024 is not only due to the rise in crude oil prices, which hit a high price since October. The rise in this sector is due to the fact that the outlook for the global economy is getting brighter,The sense of undervaluation when compared to expensive stocks in the S&P 500 stock indexIt is also being supported.
The analystsFree cash flow yield is high, EV/EBITDA ratio (enterprise value to EBITDA ratio)...