Our Analyst Survey Says It's Time to Ease Up on Energy

By Lori Calvasina
Published April 4, 2022 | 8 min listen

Today in the podcast, we’re focusing on the results of our quarterly RBC analyst survey, which we conducted in late March and helps us incorporate the bottom-up views of RBC’s team of equity analysts into our top-down strategy sector recommendations. Five big things you need to know: First, outlooks among our analysts for performance over the next 6-12 months continue to tilt positive. Second, on performance over the next 6-12 months, our analysts remained highly constructive on Financials, Health Care, and Technology, but enthusiasm on Energy faded. Third, on issues other than performance, Health Care and Utilities generally rank well relative to other sectors. Fourth, as for what’s keeping our analysts up at night, many mentioned demand related issues in their discussions of key upside and downside risks. Fifth, triggered by our survey results, as well as our desire to reduce exposure to Value, we are lowering our recommendation on Energy from overweight to market weight.

Disclosures and Disclaimers

View audio transcript

Lori Calvasina

Lori Calvasina
Managing Director & Head of U.S. Equity Strategy, RBC Capital Markets

Lori CalvasinaMarkets in Motion PodcastRBC PodcastStock Market News

Stay Informed

Get the latest insights from RBC Capital Markets delivered to your inbox.