These two energy stocks largely avoid the ups and downs of oil prices, while this other one is tied directly to those gyrations.
From upstream activities to midstream, prospects for companies are rosy now, enhancing the outlook for the Zacks Oil & Gas US Integrated industry. COP, OXY, HES and WHD will make the most of the favorable business scenario.
On Monday, the Dow Jones Industrial Average crossed into bear market territory, touching an intraday low of 29,161 -- 20% below the high it hit in late December. To put this event in context, the last time the Dow experienced a bona fide bear decline, the world was early in the throes of the COVID-19 pandemic. Across the much broader S&P 500 index, which tracks 500 of the biggest U.S. companies, the average price-to-earnings ratio currently is 18.4 -- a level that index last saw in 2014.