Top 10 S&P 500 stocks by Momentum score
By Vlad from Bastion on
π’οΈ Valero Energy 100 $VLO π’οΈ Marathon Petroleum 100 $MPC π» Palo Alto 99 $PANW π’οΈ Targa Resources 99 $TRGP π’ Welltower 99 $WELL π’οΈ Phillips 66 99 $PSX π» CrowdStrike 99 $CRWD π¦ BNY Mellon 99 $BNY π» Fortinet 98 $FTNT π₯ DaVita 98 $DVA
Oil refiners Valero and Marathon beat the market on every horizon after the 3-2-1 crack spread (the margin refiners earn turning crude into gasoline and diesel) hit a record high this week.
The driver is a global fuel shortage: Russia banned most diesel exports after drone strikes on its refineries, and the Iran war and tension around the Strait of Hormuz are choking Middle East supply.