Adam Parker Makes Case For Owning Energy
On Bloomberg’s Surveillance program, Morgan Stanley chief equity strategist Adam Parker
laid out the case for making a bet on the energy complex. Parker admitted to rating energy a buy back in January, clearly premature and wrong.
Parker said the logic for owning energy was simple as they are cyclical stocks that are down a lot.
Parker added that demand data hasn’t been that weak, but the OPEC decision last fall and other supply factors exacerbated the decline in pricing.
Parker said their experts are looking for oil to begin rising in price in the September/October timeframe.
The E&P (Exploration and Production) companies are attractive according to Parker.
Back in September 2013, Parker provided a bullish forecast for U. S. stocks (link).
Related Posts
-
Jeff Gundlach: “The Situation has Changed”Jeffrey Gundlach, chief executive officer of Doubleline Capital, told...
- October 5, 2018
-
Preferred Stock ETF Allocation IncreasedThe allocation to iShares U.S. Preferred Stock ETF (PFF)...
- October 2, 2018
-
AT&T and BT Group Added to the SMA PortfolioWeakness in the telecom sector, along with rising interest...
- May 18, 2018
-
Is the Retirement Crisis Really a Crisis?PBS Frontline recently presented a documentary called “The Retirement...
- April 25, 2013
-
Alarming Chart of the Stock Markets of 1987 and 2012-2013Several days ago I posted a chart showing the...
- May 22, 2013
-
Gary Shilling’s Favorite Investment: 30 Year Treasuries
Larry Kudlow interviewed Gary Shilling last week. Shilling continues...
- June 23, 2011
