My Top Energy Stock to Buy in August
So far this year, the energy sector has crushed it for investors. The Energy Select SPDR ETF (NYSEMKT: XLE) is up 32% in total returns, the best sector in the S&P 500 index, which is up 19% this year. And as the global economy continues to recover from the coronavirus pandemic, the prospects for the energy industry to continue delivering the best returns for investors remains good.
Here's the thing. I think some of the best energy investments over the next few years, and especially in the decades to come, aren't stocks that fall in the traditional energy sector bucket. Moreover, I think the best energy investments you can make right now, this month, aren't traditional energy stocks. One in particular is at the top of my list as the best energy stock to buy in August. Keep reading to learn more.
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Source Fool.com
