ET - 2 Energy Stocks You Can Buy Right Now Before They Surge Even Higher
2024-03-28 05:15:00 ET
Energy stocks have gotten off to a hot start this year. The average energy stock is up more than 10% as measured by the Energy Select Sector SPDR ETF . Some have surged even higher.
ExxonMobil (NYSE: XOM) and Energy Transfer (NYSE: ET) stand out for their surges to start this year, with both outperforming the Energy Select Sector SPDR ETF. These energy stocks could have further to run. Here's why investors might want to buy them now before they rally even more.
ExxonMobil has rallied more than 10% this year, fueled largely by a double-digit surge in crude oil prices. Higher oil prices will enable Exxon to generate even more earnings and free cash flow.
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2 Energy Stocks You Can Buy Right Now Before They Surge Even Higher