Energy stocks have been this year’s biggest winners in a bleak year for equities.
And Wall Street is betting the sector’s outperformance will persist in the new year.
Even as the price of oil pulls back from this year’s highs, energy stocks look poised to charge higher thanks to relatively cheap valuations and earnings expectations that appear to be a bright spot in an otherwise grim outlook for S&P 500 earnings estimates.
“The bottom line here is that when you think about the earnings of…
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