Michael Wursthorn

speaker

1,567 appearances 29 recordings 1 series first heard Jul 2017 last heard Nov 2021

Michael Wursthorn’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Wall Street's Bulls Love Energy Again · 9 May 2018 podcast

And it's going to be the big test for energy stocks going forward. voice-verified

And it's why you're only now seeing those investors get more comfortable. voice-verified

And it really just comes down to that you have a market that's sort of all over the place still right now. voice-verified

There's a lot of things weighing on it right now. voice-verified

But with energy prices going up, energy stocks are looking a little more attractive. voice-verified

So for that generalist investor, they're tipping their toe back in the water, so to speak. voice-verified

But a lot of the big portfolio managers would say that this is still the big money, the big institutional funds that are putting their money into energy right now. voice-verified

And the retail investors are still sort of watching from the sidelines, waiting to get in, sort of dancing around it. voice-verified

But eventually, if this were to continue, you'd probably see those investors jump in there as well. voice-verified

So for energy companies, they're in an unusual spot compared to the rest of the S&P 500 that voice-verified

They had just such bad numbers in 2016 that the, I'm sorry, 2017, the comparables for those earnings are phenomenal. voice-verified

I mean, you're comparing, you know, how an energy company was bringing in revenue off of oil that was around $40, $50 a barrel. voice-verified

Now that's already at $60, $70. voice-verified

And for these companies reporting earnings, you know, they're showing, you know, in some cases, 100% revenue growth, over 150% revenue growth. voice-verified

And for a lot of them, they're giving that money back to shareholders directly. voice-verified

There is a lot of room, yeah. voice-verified

I mean, it's something that's going to continue really throughout the rest of this year. voice-verified

I mean, every quarter you're going to see energy lead in earnings past all the other sectors. voice-verified

And it's really just because last year was just such a weak year for those companies. voice-verified

And that's partly because of that correlation to oil I was referring to earlier. voice-verified

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