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These robust gains come after a lackluster year for energy stocks. The energy sector fell roughly 5% in 2023, underperforming the broader S&P 500’s double-digit gains as concerns about the global economy hurt energy demand. Some investors say that energy stocks are poised for more gains, given the continued geopolitical turmoil and the US economy’s resilience. Energy stocks often do well when the economy is strong, since there’s more energy demand to fuel goods- and services production. Plug Power shares have slipped 34% this year, SolarEdge Technologies shares have tumbled 25% and Enphase Energy shares have slid 8%.
Persons: Nancy Curtin, , , Bob Doll, he’s, Donald Trump, Trump, Matt Egan, ” Alex Durante, Read, Alicia Wallace, Price Organizations: CNN Business, Bell, New York CNN — Energy, Marathon Petroleum, Exxon Mobil, Occidental Petroleum, Halliburton, West Texas, Brent, Federal Reserve, Energy, RBC Capital Markets, Crossmark Global Investments, Organization of, Petroleum, Clean Energy, SolarEdge Technologies, Enphase Energy, Tax Foundation, CNN, Trump, of Labor Statistics, PPI Locations: New York, Ukraine, OPEC, China, Mexico
What March's hotter-than-expected CPI report means for stocks
  + stars: | 2024-04-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat March's hotter-than-expected CPI report means for stocksNancy Curtin, Global Chief Investment Officer at AITi Tiedemann Global, and CEO and Portfolio Manager at Howard Capital Management, discuss what sticky inflation and the rate cut outlook mean for the markets.
Persons: Nancy Curtin Organizations: Global Chief, Howard Capital Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCan't write off the Magnificent 7, but other stocks also offer great value, says Nancy CurtinNancy Curtin, Global Chief Investment Officer at AITi Tiedemann Global, discusses economic growth, recent market action, and the outlook for rates.
Persons: Nancy Curtin Nancy Curtin Organizations: Global Chief
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