Oil and gas back in favor of investors ? Barron's mentions:
The oil and gas sector gets a lot of love in the publication's detailed cover story.
"Energy-stock valuations have come down this year and are below their long-term average. And many industry players are responding to investor pressure to rein in capital spending, curb supply, boost returns, and pay out more to shareholders in dividends and stock repurchases," notes Andrew Bary.
Top picks selected include BP (NYSE:BP), Chevron (NYSE:CVX), Exxon Mobile (NYSE:XOM), Royal Dutch Shell (NYSE:RDS.A), Concho Resources (NYSE:CXO), EOG Resources (NYSE:EOG), Occident Petroleum (NYSE:OXY) and Pioneer Natural Resources (NYSE:PXD), Crescent Point Energy (NYSE:CPG), Suncor Energy (NYSE:SU), Cabot Oil & Gas (NYSE:COG), Range Resources (NYSE:RRC), Valero Energy (NYSE:VLO), Transocean (NYSE:RIG) and Southwestern Energy (NYSE:SWN). American Eagle Outfitters (AEO) is also profiled favorable, despite the tariff headwinds the retailer faces. The strength of the Aerie brand in particular is seen as a positive. The outperformance of Grocery Outlet Holding (NASDAQ:GO) is also highlighted after the stock doubled since its IPO.
Sources: CNBC, EDGAR, Reuters, Bloomberg, Gameinformer.com