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Wednesday, 10/09/2019 10:35:06 AM

Wednesday, October 09, 2019 10:35:06 AM

Post# of 220
https://www.google.com/amp/s/www.cnbc.com/amp/2019/09/26/jp-morgan-on-energy-universally-hated-and-cheap-sector-to-rebound.html

But J.P. Morgan foresees a turnaround in a sector it says is trading at a "multi-decade low" in price-to-book valuation.
The analysts think hedge funds and portfolio managers have turned too bearish on the group even as insider purchasing has surged and dividends and share buybacks increase. Energy's 3.7% dividend yield is easily the highest on the S&P 500.
"The sector should be a key beneficiary of stabilization/reacceleration in the business cycle, which we expect to start playing out by early 2020," Lakos-Bujas said.