The Traderszone Network

Published in TZ Latest News 15 December, 2015 by The TZ Newswire Staff

For some on Wall Street, energy stocks are back in favor for 2016

While many investors have been wary of taking chances on the battered energy space, a sizeable minority of Wall Street strategists are betting on a pickup in oil prices next year and recommending energy stocks. “I’ve been doing this for 33 years and virtually any time I’ve seen anything as hated as energy is today … it tends to be a pretty good investment if you can hold it for six to 12 months,” said Robert Phipps, a director at Per Stirling Capital Management in Austin, Texas.

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