114: A Stock Picker's Guide To 2023
The Bid
Energy Stocks Looking More Attractive Than the US?
I do think energy stocks are still attractive. It comes down to supply and demand. Demand is still quite strong, particularly in the near term. As we see China reopen, that's going to be a driver of positive demand. That means higher oil prices. On the flip side, supply has been extremely constrained. So you combine the supply and the demand picture together, the outlook is actually pretty good for energy.
As investors have said a relieved goodbye to 2022, where we saw high inflation, market volatility, supply chain shocks, labor market shifts, and interest rate hikes, what can stock pickers look forward to in 2023? To help us answer that question, host Oscar Pulido welcomes back a Bid regular, BlackRock's CIO of US Fundamental Equities, Tony DeSpirito.
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