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From the March 2006 issue of Investment Advisor • Subscribe!
Behind the Numbers, with Sam Stovall
It still may not be too late for investors to profit from the energy sector, according to S&P's chief investment strategist, despite its outperformance of the S&P 500 in five of the last six years. "Long stretches of market outperformance are certainly not unheard of for energy stocks. In fact, the S&P Integrated Oil & Gas Sub-Industry index, bested the '500' nine straight years from 1972-1980," Stovall recently wrote. "S&P currently has a positive fundamental outlook on the energy sector, which is projected to post an 11% year-over-year increase in operating earnings this year." --Robert F. Keane