Energy stocks going through rough patch, says portfolio manager

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Energy stocks going through rough patch, says portfolio manager

STORY: “We do own some because valuations have been depressed and I think what we want to see as an investor quite frankly is more consolidation. And I think we’ll see it,” adds Cipolloni.

He also points out that earnings so far from the energy sector have not met expectations. That is a contrast to overall market where 83% of companies have beat earnings estimates, according to data compiled by LSEG on Friday. There are 114 S&P 500 companies scheduled to report this week.

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#Energy #stocks #rough #patch #portfolio #manager

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