Senior Market Strategist John Rowland, CMT, checks up on the crack spread trade, and takes a look at where investors can find alpha in the newest consumer energy trend.
Marathon Petroleum has left the broader market in the dust over the past year, delivering standout gains, while Wall Street remains moderately bullish on the refining giant’s outlook.
Phillips 66 has notably outperformed the broader market over the past year, and analysts are moderately optimistic about the stock’s prospects.
This energy narrative isn’t going away anytime soon, and US refiners are taking advantage while the margins are fat.
Valero Energy has significantly outperformed the broader market over the past year, and analysts are cautiously optimistic about the stock’s prospects.
As crack spreads widen amid tight refining capacity, Delek U.S. Holdings, PBF Energy, and Par Pacific Holdings post strong YTD gains ahead of their upcoming Q2 earnings reports.
Marathon Petroleum has outperformed its industry peers recently, and analysts remain moderately optimistic about the stock’s prospects.
Phillips 66 has outperformed the broader market over the past year, and analysts are cautiously optimistic about the stock’s prospects.
Marathon Petroleum has outperformed the broader market over the past year, and analysts are moderately optimistic about the stock’s prospects.
Phillips 66 has outperformed the broader market over the past year, and analysts are moderately optimistic about the stock’s prospects.