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Energy sector's risk-off stance, underperformance so far in 2024

Key Points

  • The energy sector faces a risk-off scenario in 2024, grappling with underperformance amid market shifts.
  • Exxon Mobil (XOM) and Chevron (CVX) experience downtrends, signaling challenges and outflows within the sector.
  • Geopolitical tensions and OPEC decisions further contribute to the energy sector's complex landscape.
  • 5 stocks we like better than Schlumberger.

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Should you invest $1,000 in Schlumberger right now?

Before you consider Schlumberger, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Schlumberger wasn't on the list.

While Schlumberger currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

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Ryan Hasson
About The Author

Ryan Hasson

Contributing Author

Technical Analysis, Momentum Trading, Risk Management

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Energy Select Sector SPDR Fund (XLE)N/A$84.14+1.0%3.83%8.52Moderate Buy$84.14
Chevron (CVX)
4.589 of 5 stars
$142.85+1.2%4.56%15.70Moderate Buy$175.19
Exxon Mobil (XOM)
4.5052 of 5 stars
$105.87+0.3%3.74%13.18Moderate Buy$128.74
Schlumberger (SLB)
4.9666 of 5 stars
$36.83-0.2%2.99%11.84Moderate Buy$58.85
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