Bull stock forecast for energy equities strengthens as crude oil stabilized above $80 per barrel. Integrated oil companies posted Q1 net income growth of 15% YoY, feeding into broader bullish sentiment in commodities-linked stocks. Right now margins are negative and not improving, but when they do this stock will move significantly higher. The views and opinions and/or analysis expressed are those of the author or the investment team as of the date of preparation of this material and are subject to change at any time without notice due to market or economic conditions and may not necessarily come to pass. Furthermore, the views will not be updated or otherwise revised to reflect information that subsequently becomes available or circumstances existing, or changes occurring, after the date of publication. The views expressed do not reflect the opinions of all investment personnel at Morgan Stanley Investment Management (MSIM) and its subsidiaries and affiliates (collectively “the Firm”), and may not be reflected in all the strategies and products that the Firm offers. Automotive EV segment sees bullish projections, with global EV sales up 32% YTD. Bull stock forecast points to Tier-1 battery suppliers outperforming, supported by long-term contracts with automakers and government subsidy extensions.
