Our Privacy Statment & Cookie Policy

All LSEG websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.

October 12, 2020

Chart of the Week: Traditional energy stocks underperform

by Fathom Consulting.

As the probability of a Biden win and a Democrat clean sweep has increased, markets have responded by moving out of US oil, gas and coal stocks. Biden’s spending plans are directed more towards cleaner infrastructure and renewable energy sources than his Republican opponent. Changing investor sentiment is shown by the outperformance of US alternative energy stocks, although this sector has also benefitted from its exposure to the tech rally. The underperformance of traditional energy stocks relative to the S&P500, in spite of the partial recovery in oil prices since the pandemic-related fall, provides more evidence that investors are no longer embracing non-renewables.

Refresh this chart in your browser | Edit the chart in Datastream

________________________________________________________________________________________

Refinitiv Datastream

Financial time series database which allows you to identify and examine trends, generate and test ideas and develop view points on the market.

Refinitiv offers the world’s most comprehensive historical database for numerical macroeconomic and cross-asset financial data which started in the 1950s and has grown into an indispensable resource for financial professionals. Find out more.

Get In Touch

Subscribe

We have updated our Privacy Statement. Before you continue, please read our new Privacy Statement and familiarize yourself with the terms.x