Just energy stock up to 9.9pc, new year’s eve forecast
Updated September 26, 2018 05:13:03 Just energy is the most recent index to report gains, with the latest increase of 0.8pc.
It’s not just the energy sector that has taken a hit, as other sectors have been hit by the shock to the market.
The S&P 500 is down 7pc, while the Nasdaq is down 13pc.
However, the outlook for 2018 is still good, with stocks having a better outlook than the year before, according to Morningstar.
The energy sector is likely to be the main driver of gains, as energy stocks have already gained an average of 3.6pc this year.
The Dow Jones Industrial Average is up 1.8 per cent this year, while Standard & Poor’s 500 is up 5.6 per cent.
Elsewhere in the markets, the S&s Dow is up 2.3 per cent, while S&p is up 4.4 per cent and the Nasd is up 3.5 per cent.
“Just Energy stock up 9.8% to $9.9, new index, new report from Morningstar (2018-09-26 09:16:25)Just Energy is up 9% to #9, just energy stock to $8.9.
It’s the most significant rally since January, as new investors take to the markets.
– Morningstar (@morningstar) September 26.2018Just Energy has posted a 14.9 per cent gain in the past 12 months, with more than 1,300 companies reporting positive earnings.
The index is up by about 1,400 since the end of last year.
Just Energy now has a market cap of $1.2 trillion, up from just $1 trillion on December 31, 2018.
It is the second-largest US energy company after Royal Dutch Shell, with $2.8 trillion in assets under management.