Wall Street Expected a Good Year for These 3 Stocks—What Happened?

Key TakeawaysWall Street expected the energy sector to outperform every other sector this year after a rough 2023.Oilfield services providers SLB and Halliburton, along with oil producer APA Corp., were some of the S&P 500 stocks analysts forecast to rise the most this year. Instead, they all fell more than 28%.Oil prices were pressured in 2024 by record U.S. production and sluggish demand in China, one of the world's largest crude consumers. No one can predict the future, and Wall Street analysts, despite ...