There hasn’t been much for investors to celebrate lately. With all the news coming out of the Middle East over the past two weeks, the market has fallen into a steady decline.
The S&P 500, the Dow, the Nasdaq, and the Russell 2000 are all down since the attacks began, as are 10 of the 11 S&P 500 sector ETFs.
The only sector that’s up? As you might expect, it’s energy, which has easily led the way with a gain of more than 3%.
In the latest installment of his new “Top 3” YouTube series with our friends at MarketBeat, Chief Income Strategist Marc Lichtenfeld shared three American energy stocks he’s keeping an eye on right now. Importantly, they represent intriguing opportunities at every stage of the oil and gas value chain: exploration and production (upstream), transportation and storage (midstream), and refining and selling (downstream).
Since the market closed on February 27, all three stocks are up – and two are up by double digits.
Below are more details on all three stocks and some other highlights from the interview:
- Stock #1: an oil and gas producer with a 3% yield, growing cash flow, a bargain valuation, and a strong technical setup
- Stock #2: an oil refiner that owns the largest refinery system in the country and is well positioned to profit from higher oil prices
- Stock #3: an oil and gas transporter that has a 6% yield, has raised its payout every year for 27 years, and collects “tolls” on the oil that travels through its 50,000 miles of pipelines
- Marc’s thoughts on oil’s recent price spike
- The importance of focusing on U.S. energy stocks due to the closing of the Strait of Hormuz
- Why oil remains the dominant energy source in the United States.
What happens next in the energy sector or the broader market is anyone’s guess… but these three American, dividend-paying oil and gas stocks are a great place to look for stability.
Click the image above to watch the full interview and get the names and tickers of all three stocks!