Big Oil Could Keep Fueling Big Gains

February 03, 2011

Energy is leading the way, just as Industrials surged to begin 2010. Is it sustainable?

For Energy in the S&P 500 to keep working, it will probably require the biggest stocks to do well. The top 10 stocks by market cap represent 74% of the value of the entire group of 41 stocks in the sector. 2 of the stocks, Exxon Mobil (XOM) and Chevron (CVX) are among the 10 largest stocks in the overall index. Let's take a look at just those 10 stocks:

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Posted at 06:39 AM in Market Direction /Strategy_, Thematic Ideas | Permalink

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February 03, 2011