BoA recommends buying shares of energy companies
Bank of America advises to pay attention to shares of energy companies - in its opinion, this year they show the greatest performance among the groups of S & P 500. That's due to a strong rise in oil prices in the United States, up about 70 percent, the bank said. Last week, its clients bought $1.2 billion worth of energy stocks, the largest investment in the sector in the bank's watch history. BoA believes the stocks in question will continue to rise in value. Now, with inflation continuing to rise, investors are looking to secure their portfolios. At the same time, returns on energy company securities offer protection against it, notes the bank's top manager, Jill Carey Hall. In addition, this industry has shown growth of more than 52% this year, which is the best value among the sectors that make up the S&P 500.