The energy sector in the stock market is facing challenges, with fund managers showing a reluctance towards energy stocks. The sector is witnessing continuous outflows and is predicted to have the largest decline in earnings and revenue among industry groups. Analysts, however, remain optimistic about a potential turnaround. Chief Investment Officer, Matt Dmytryszyn, believes energy is an attractive multiyear allocation and that over time the use of cash flow for debt reduction, stock buybacks and dividend hikes will bring investors back to the space.
The article provided above, and the information contained within, is from a third-party source, which we believe to be reliable, however Telemus Capital cannot guarantee the accuracy or completeness of such information, and certain information may have been condensed or summarized from its original source. Squawk Box with Pippa Stevens is owned and operated by an independent third-party. Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Telemus Capital. All opinions expressed in this article are for general informational and/or educational purposes. These opinions are subject to change without notice and are not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy or investment product. Kovitz Investment Group Partners, LLC (“Kovitz”) DBA Telemus Capital. Telemus Capital is a division of Kovitz, a registered investment adviser with the Securities and Exchange Commission (SEC). Telemus Capital’s main office is located in Southfield, Michigan. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability. Telemus Capital does not provide tax, legal or accounting advice, and nothing contained in these materials should be relied upon as such.
