I have noticed that names in the US Energy and Equipment sector seem to be declining even while energy prices and production volumes are increasing. This makes me start to wonder if their might be an opportunity or two in this sector for the new year. First to check out whether my impression was correct, I produced this chart comparing the iShares US Oil Equipment & Services (IEZ) with the Powershares Energy ETF (DBE).
Source: Yahoo Finance
I chose DBE specifically because I didn’t want to just focus on the price of domestic oil ‘WTI’ but also wanted to bring in natural gas and other energy commodities which can support demand for the equipment and services sector. As you see in the chart above, my hunch appears justified. Throughout 2016 until June 2017, the IEZ and DBE move roughly in unison; however, starting in July the two have become decoupled (IEZ is -20%, DBE +10%).
stock trading books: Credit Suisse Group(CS)
Advisors’ Opinion:
- [By Paul R. La Monica]
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stock trading books: Facebook, Inc.(FB)
Advisors’ Opinion:
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stock trading books: SL Green Realty Corporation(SLG)
Advisors’ Opinion:
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stock trading books: NQ Mobile Inc.(NQ)
Advisors’ Opinion:
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