Analysis: Value stocks surge boosts 2020’s losers as investors bet on economic revival netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
By Lewis Krauskopf NEW YORK (Reuters) - Investors are weighing how much further a rally in value stocks can run, as expectations for greater fiscal sp.
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NEW YORK (Reuters) - Investors are weighing how much further a rally in value stocks can run, as expectations for greater fiscal spending under a Democrat-controlled Congress add momentum to the surging shares of companies that took a beating for most of 2020.
FILE PHOTO: The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New York City, New York, U.S., January 16, 2019. REUTERS/Carlo Allegri
Shares of banks, energy firms and other economically sensitive companies climbed after the Democratic party’s recent victory in the Senate, adding to gains sparked by breakthroughs in vaccines against COVID-19 late last year.
Analysis: Value stocks surge boosts 2020 s losers as investors bet on economic revival | WSAU News/Talk 550 AM · 99 9 FM wsau.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wsau.com Daily Mail and Mail on Sunday newspapers.
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NEW YORK (Reuters) - Investors are gauging how far a rally in beaten-down energy shares could run, as an expected recovery for the coronavirus-hit economy clashes with skepticism about the long-term prospects of fossil fuels.
FILE PHOTO: The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New York City, New York, U.S., January 16, 2019. REUTERS/Carlo Allegri/File Photo
Energy shares overall soared nearly 27% in November, leading the charge among sectors expected to benefit from the broad economic revival promised by encouraging developments for several vaccines against COVID-19.
The longer term outlook for the sector, however, remains uncertain, as companies throughout the oil and gas supply chain face challenges from the increasing use of “green” energy sources such as wind and solar. Another concern is resistance among fund managers to investing in fossil fuel companies over environmental concerns.