January 11, 2022, 5:32 pm EST
It is the second day of the rebound wave that the energy sector is being supercharged. Not only it stands out with +3.4% gains, but weekly (+7%) and monthly (+9%) performance surpass all other sectors in a wide range.
Let’s take a look at the energy giant Exxon Mobile (XOM) as an example. We can see the breakout is working well since the 7th trading session ago. It already made outstanding +16% gains in a straight-up fashion. Thus, the energy sector or oil stocks should be the highlight of the watch list candidates or portfolio members for 2022.
In addition to the energy sector, here are some industries/stocks that are worth attention:
- Bio-Tech: ILMN, BIIB
- Restaurants: SHAK
- Hotels: LVS
Overall volumes of the stock markets are on the light side. Thus, it is not a powerful rally yet. Therefore, we still are suspicious about the strength of this rebound.