Energy sector weight in S&P 500 dropped to 4.1%, analysts say it looks cheap compared to market

From Investing.com: 2024-05-06 04:28:02

The Energy sector’s weight in the market has dropped to 4.1% from 16% in 2008, despite growing demand and strong cash flow. Analysts say the sector looks cheap compared to the broader market, and could have more room to re-rate. The sector is expected to contribute 12% of the S&P 500 FCF by 2025. Mizuho recommends quality companies like Chevron, Coterra Energy, and EOG Resources to capitalize on the sector’s potential uptrend.



Read more at Investing.com: This is how much weight energy sector should have in S&P 500 according to Mizuho By Investing.com