Baker Hughes: A Rare GARP Story In Energy, A Buy Into Earnings

Energy Sector Performance - Energy stocks have underperformed significantly since October 2022, with the Energy Select Sector SPDR ETF (XLE) returning only 15%, compared to the S&P 500 ETF's (SPY) 65% gain over the same period [1] Market Context - The market bottomed in October 2022, marking the starting point for the performance comparison between energy stocks and the broader market [1] ETF Comparison - The Energy Select Sector SPDR ETF (XLE) is highlighted as a key benchmark for energy sector performance, while the S&P 500 ETF (SPY) serves as a broader market comparison [1]