Investors Turn to ‘Over Hated and Underweighted’ Energy Stocks

Range-bound oil prices that have crimped margins up and down the supply chain are largely to blame. While oil is expected to stay near current levels as global economic growth slows and a supply surplus persists, analysts see energy companies outperforming as investors look for gains outside of the technology space. “People are kicking the tires on this sector now, they’re looking for diversification outside of AI,” said Adam Turnquist, vice president and chief technical strategist at LPL Financial.