Published on 4 May 2024 on Motley Fool via Yahoo Finance
2 Energy Stocks That Are Screaming Buys in May
The energy sector is off to a solid start in 2024. The average energy stock (as measured by the Energy Select Sector SPDR ETF) is up more than 10% this year. Higher oil prices have helped fuel the rally in energy stocks.
However, not all energy stocks are in rally mode. Enbridge (NYSE: ENB) and Brookfield Renewable (NYSE: BEPC)(NYSE: BEP) are two notable laggards. That relative underperformance is one of the many reasons they look like screaming buys this May.