While there are still a few trading days left in the year, we have a clear winner among the S&P 500's 11 sectors: energy stocks. It's not even close. Through mid-December, the energy component of the S&P 500 has gained a jaw-dropping 50% this year. That has crushed the index, which has lost more than 16%. The next best sector is utilities, which is up less than 1%.

The rally in energy stocks might not be over. While crude prices have cooled off in recent months on macroeconomic concerns, many analysts see another bull market for oil in 2023.

Here are the sector's best performers in 2022 and why the industry could continue soaring in 2023.

Continue reading

Source Fool.com