SPY - The Williams Companies: Gas Demand Is Far-Reaching Healthy Q1 Results And FCF

2024-05-09 15:35:16 ET

Summary

• Stocks focused on oil and gas storage and transportation have been stealthy winners over the past year.
• I have a buy rating on The Williams Companies (WMB), a domestic natural gas infrastructure company, given its strong earnings growth and technical momentum.
• WMB's Q1 results were solid, with record contracted transmission capacity and robust guidance for the balance of 2024.
• I highlight key price levels on the chart to monitor.

So much attention is cast upon the mega-cap growth stocks in the growth style of the market. Within the value niche, banks, both big and small, seem to command the spotlight. What has been a stealthy winner over the past 12 months, though, have been MLP stocks and firms that are focused on the storage and transportation of oil and gas....

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