Inflation’s tailwind drives S & P’s top stocks for 2021

Energy prices had a wild ride of ups and downs in 2021, including a bear market, but the end result of the year was a big win for investors with S&P energy shares records the best year ever.

WHERE RISING CONSUMER PRICES HAVE MOST ROWS AMERICAN

Energy companies tracked as a S&P sector rose above 47%, just ahead of the property’s gain of 42% – also the best ever – and technology added 33%, the best year since 2020. 32%, the best year since 2013, all tracked by the Dow Jones Market Data Group.

These sectors beat the overall performance of the S&P 500, which increased by 27% – the largest percentage increase in a year since 2019.

Ticker Security Last Change Change %
SP500 S&P 500 4766.18 -12.55 -0.26%

OIL COMES TO THE LARGEST ANNUAL WIN Since 2009: $ 75.21

Oil prices rose 55% in 2021 and closed at $ 75.21 per barrel. pipelines.

SEE: DANIEL YERGIN SAYS OUR OIL PRODUCTION IS COMING BACK

Energy-specific exchange-traded funds performed even better.

Ticker Security Last Change Change %
USE UNITED STATES OIL FUND LP 54.36 -0.74 -1.34%

The United States Oil Fund, which reflects spot prices on U.S. oil, rose above 60%.

OIL’S BEAR MARKET CAN BE A SHORT

SPDR S&P Oil & Gas Exploration & Production ETF did the same.

Ticker Security Last Change Change %
XOP SPDR SERIES TRUST S&P OIL & GAS EXPL & PRODTN 95.87 -0.32 -0.33%

WHAT SIGNS THE OIL MARKET ABOUT OMICRON

READ MORE ABOUT FOX BUSINESS BY CLICKING HERE

Some shares in the XOP ETF rose by three-digit figures, including SM Energy, which rose 384%, and Callon Petroleum, which rose 263% for the year.

Ticker Security Last Change Change %
SM SM ENERGY CO. 29.48 -0.14 -0.47%
CPE CALLON PETROLEUM 47.25 -0.59 -1.23%

What lies ahead in 2022?

Pulitzer Prize winner Daniel Yergin, now IHS Markit vice president and author of “The New Map,” says the Biden administration is changing its anti-oil tune, which will return America to energy dependence achieved under the Trump administration.

“You’ve seen this hub in the Biden administration … how are we to say, indifferent to the oil industry or not very interested in it, but in the last few weeks they’re suddenly actually saying to the oil industry, ‘oh, could you increase production? ‘ “Because they are worried about inflation, they are worried about gasoline prices and what the impact will be on the 2022 election,” Yergin explained.

Gasoline prices closed the year at $ 3.28 per gallon. gallon, a slight drop from the seven-year high hit this fall. A year ago, prices averaged $ 2.25, as traced by AAA.

Give a Comment