Cindy Ord/Getty Images Energy stocks could go parabolic this year and trade like Tesla did in 2020 as investors experience FOMO, Fundstrat's Tom Lee said in a note on Thursday.The trade is playing out so far in 2021. The S&P 500 Energy Index is up 13% year-to-date, while the broader S&P 500 has climbed less than 1%.With the sector making up just 2.5% of the S&P 500, few investors have exposure to energy stocks, according to Lee.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Energy stocks could see a reversal in fortunes this year after a dismal showing in 2020 and stage a parabolic surge like Tesla, Fundstrat's Tom Lee said in a note on Thursday.The energy sector fell 37% in 2020 and briefly saw oil prices dip into negative territory as the COVID-19 pandemic and ensuing travel restrictions sparked a collapse in demand.
Energy Stocks Could Pull A Tesla And Go Parabolic In 2021, Fundstrat's Tom Lee Says
mfox@businessinsider.com (Matthew Fox), Business Insider
Sat, 01/16/2021 - 7:10am
Topics: cindy ord/getty images the s&p energy index things before opening bell covid-19 s&p 500.this michael saylor microstrategy ceo-turned president-elect joe biden wall street business insider energy tesla fomo fundstrat's tom lee s&p bitcoin parabolic sector investors year making note thursday.the demand trade broader drive stage climbed exposure surge year-to-date
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