Monday was a great day for stocks overall, but one sector absolutely dominated the day: energy. In fact, the Energy Select Sector SPDR Fund (ARCA: XLE) was up more than 6% on the day, nearly double the returns of any other sector.
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U.S. stocks closed lower with the Nasdaq Composite dropping around 200 points on Friday. Here is the list of some big stocks recording losses in the previous session.
Credit Suisse raised the price target on Morgan Stanley (NYSE: MS) from $95 to $97. Credit Suisse analyst Susan Roth Katzke maintained the stock with an Outperform rating. Morgan Stanley shares rose 1.2% to $88.20 in pre-market trading.
Marathon Oil (NYSE:MRO) has outperformed the market over the past 5 years by 5.98% on an annualized basis producing an average annual return of 15.07%. Currently, Marathon Oil has a market capitalization of $17.48 billion.
Investors who bought stocks during the COVID-19 market crash in 2020 have generally experienced some big gains in the past two years. But there is no question some big-name stocks performed better than others since the pandemic bottom.