2 Small-Cap Momentum Stocks to Buy Today

This post was originally published on this site

West Texas Intermediate crude futures, the U.S. oil benchmark, crossed $80 per barrel last week for the first time since November 2014 amid heightened demand and tight supply. Natural gas prices are also at record-high levels, which is causing a greater demand for oil and fueling an already strong oil price rally. Analysts expect the supply deficit to continue, pushing the oil prices to even above $100 per barrel. Furthermore, the Department of Energy recently stated that it has no immediate plans to ease the price rally. The industry trends have lately been motivating investors to bet on energy stocks.

Because the price momentum is not expected to end anytime soon, we think red-hot small-cap energy stocks, CONSOL Energy Inc (NYSE:CNX). (CEIX) and SilverBow Resources, Inc. (NYSE:SBOW), which are currently trading above their respective 50-day and 200-day moving averages, could be solid bets now.

Continue reading on StockNews

Add Comment