Oil prices surge. These are the stocks to buy and sell, JPMorgan says
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ConocoPhillips operation in Bohai Bay, China
Supply: ConocoPhillips
Energy is the top-performing S&P 500 sector this 12 months as oil and pure gasoline costs rebound. JPMorgan has recognized the businesses that can win or lose as gas prices leap.
“We stay constructive on equities and proceed to spotlight Power as considered one of our favourite sectors,” Dubravko Lakos, JPMorgan’s head of U.S. fairness technique, stated in a word to shoppers whereas noting that on a longer-term foundation the group lags its friends.
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