Positive economic performance in the United States and abroad bodes well for the energy sector, Edward Jones Investment Strategist Kate Warne said Friday.
Oil stocks in particular were well-positioned to take advantage of stronger economic performance in the second half of the year, backstopped by the Federal Reserve's continued – for the foreseeable future – monetary policy, she added.
"We think that as a result putting money into sectors – and particularly, energy stocks – that will benefit from that stronger economic growth that the Fed is waiting to see is a good thing to do today," Warne said.
Natural gas and oil could see continued strong demand throughout 2013 and beyond, Warne said. Additionally, deep-water drilling could provide gains for related companies.
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"Certainly, National Oilwell Varco is a company that benefits either way," she added. "They provide equipment to the drilling industry."
Chevron, Warne said, had a 3 percent yield and dividend growth of about 7 percent per year.
"It provides a little stability in the oil sector, and we think that's a good idea," she said.