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Company and ticker symbol Performance year to date (percent) Occidental Petroleum (OXY) 150.4% EQT (EQT) 91.8% Hess (HES) 90.6% Marathon Oil (MRO) 85.4% ExxonMobil (XOM) 81.1% Marathon Petroleum (MPC) 77.6% Devon Energy (DVN) 75.6% ConocoPhillips (COP) 74.7% Schlumberger (SLB) 73.7% APA (APA) 69.1% Data as of Oct. 31, 2022 Should you invest in the hottest energy stocks
, particularly in the energy sector, can be difficult. You need to understand the dynamics of the industry but also the specific exposure that each energy company has, including the quality of its producing assets. For those who have the time and willingness, investing in individual stocks can be rewarding, but it’s important to understand that energy stocks are some of the most volatile and some of the most prone to bankruptcy. But if you don’t have the time or willingness, you can still invest in energy stocks, even with a little knowledge. Buying an based on the energy industry or even others such as allows you to make a diversified wager. Index funds track a specific collection of stocks, and don’t try to beat the market but rather get the weighted average return of their holdings. So if you want to play the rise of energy stocks, consider investing in (ETFs) or that focus on that specific sector. You’ll get with the potential upside that energy stocks are famous for, though not without risk. Diversification can help protect you from a company-specific risk (such as bad management), but it won’t protect you from industry-specific risk (such as declining oil prices). So whether you’re investing in companies or funds, understand the drivers of your investment returns. Bottom line
Following the hottest stocks can be a good way to track what the market likes right now. But if you’re investing in individual stocks or even sector-based funds, it’s vital that you analyze the business and understand how you’re going to make money in the future and not invest through the rear-view mirror. You’ll end up chasing yesterday’s performers and miss out on tomorrow’s. And you never have to buy anything you don’t like, even if it is hot. As Buffett once said, “ You don’t have to swing at everything — you can wait for your pitch.” Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision. In addition, investors are advised that past investment product performance is no guarantee of future price appreciation. SHARE: Bankrate senior reporter James F. Royal, Ph.D., covers investing and wealth management. His work has been cited by CNBC, the Washington Post, The New York Times and more. Brian Beers is the managing editor for the Wealth team at Bankrate. He oversees editorial coverage of banking, investing, the economy and all things money. Related Articles