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Phillips 66 Moves up a Spot on Most Watched Stocks List.


Phillips 66 Moves up a Spot on Most Watched Stocks List as Oil Gets Traction

Anish Sharma Apr 17, 2018

Last week was all about the ‘Oil Trade’ as crude oil rallied for 5 straight sessions.

The U.S airstrikes in Syria and fear of further sanctions on Russia helped fuel up oil prices. Gas prices historically always go up in spring, which helps downstream companies earn more bucks for the oil they sell. As the market recovered last week, the rally was primarily led by all three major verticals within the oil industry: upstream, midstream and downstream. The energy sector was the biggest performer last week relative to other sectors. The fall that oil stocks suffered a year ago was overdone compared to the fall in oil prices. Stocks have also not kept up with the way oil is moving this year. Investors may be finally realizing that there could be a valuation play in oil and related industries, which they can exploit. As a result, dividend investors, unsurprisingly, gave their thumbs up to two energy stocks last week as Phillips 66 moved a spot along with Enterprise Product Partners.

Another industry that picks up speed as spring approaches is the railroad industry. As you can see from data published by the Association of American Railroads, rail traffic falls in winter and starts going back to its peak as spring approaches. Union Pacific, the railroad company, chugged along the list by moving up a spot. The railroad giant is also expected to announce earnings on April 26 before the market opens. Another stock that moved last week was cigarette-maker Vector Group, which now stands at the 88th position.

Our Most Watched Stocks List is a user-generated, interest-based ranking of dividend-paying stocks, giving you a real-time snapshot of buying interest in the market. Generated by our Premium members’ watchlists, it’s aggregated and ranked by the most watched criteria.

The list has been designed to help income investors navigate the top dividend stocks being tracked by one of the world’s most advanced investing communities.

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