XOM - Value Stock Strategist Sees Energy Trade Still In 'Early Innings' | Benzinga
Energy stocks outperformed the broader market in the first quarter of 2024, and energy was the best performing sector in the S&P 500 in March. Tracey Ryniec, Value Stock Strategist at Zacks, joined Benzinga's “PreMarket Prep“ Monday and discussed what the sector's recent outperformance could mean moving forward.
What Happened: Ryniec is anticipating a rotation away from mega-cap tech names and into value-oriented stocks, including energy, as investors search for a better return on investment. As a result, the Zacks strategist sees energy names continuing to climb into the summer.
"We're still in the early innings of this energy trade," ...