Energy Climbs as Vaccine Rolls Out and Oil Prices Rise
Even after the rally, the sector is undervalued, with the average stock trading at a 9% discount.
For the second quarter in a row, the Morningstar US Energy Index has eclipsed the overall market, beating the aggregate index by over 28% as of March 26.
Energy stocks have caught up after a tough 2020 - source: Morningstar
Dave Meats does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.