2 Energy Stocks to Buy in April
Energy stocks have been the hot trade this year. Oil prices soared more than 75% in the first quarter due to the war with Iran, fueling a more than 35% surge in the average energy stock in the S&P 500. That significantly outperformed the nearly 5% decline in that broad market index.
Oil prices could continue rallying in April if the war rages on or decline sharply if there's peace in the Middle East. Given that uncertainty, I'd focus on investing in energy stocks that are relatively immune to changes in crude prices until there's more clarity on the war. Two that stand out this April are Energy Transfer (NYSE: ET) and Oneok (NYSE: OKE).
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Source Fool.com
