Higher Oil Prices Could Give NextEra’s Stock Earnings a Boost  As markets prepare to shift into the new cycle created by potential interest rate cuts from the Federal Reserve (the Fed), a few specific sectors may have greater odds of outperforming the rest of the market. Investors may turn to energy stocks, especially now that Goldman Sachs analysts set their expectations for up to $100 a barrel of oil this year.
But not all energy stocks are created equal. With straight oil and gas plays like Exxon Mobil Co. (NYSE: XOM) reaching all-time highs, maybe the run is relatively exhausted after all. However, investors have other ways to hop onto the energy wave, which is still tied to rising oil prices. Alternative energy stocks like NextEra Energy Inc. (NYSE: NEE) could be attractive as more expensive oil makes other energy sources more attractive. After the company reported its first quarter 2024 earnings, arguably the most important release to set the year's tone, investors may walk away with new expectations for the rest of the year. 5 Tiny Cryptos That Could Soar During 2024 Crypto Bull Run
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