Investors may want to consider putting money to work in a lagging part of the market.<\/p>\n

According to VanEck CEO Jan van Eck, oil stocks are getting a raw deal.<\/p>\n

“The [oil] supply is there. The companies are arguably the next best cash flowing companies [compared to] the semiconductors<\/a><\/span><\/span><\/span>,” he told CNBC’s “ETF Edge<\/a>” this week. “They’re trading at double-digit cash flow yields for E&Ps [exploration and production] and sectors in the oil market. No one cares. No one cares.”<\/p>\n

His firm runs the VanEck Oil Services ETF<\/a><\/span><\/span><\/span>. As of Jan. 31, FactSet shows the ETF’s largest holdings are Schlumberger<\/a><\/span><\/span><\/span>, Halliburton<\/a><\/span><\/span><\/span> and Baker Hughes<\/a><\/span><\/span><\/span>. <\/p>\n

The ETF is down almost 7% so far this year, and it’s off more than 9% percent over the past 52 weeks. So far this year, the S&P 500<\/a><\/span><\/span><\/span> is up more than 5% so far this year.<\/p>\n

“It’s [energy] underperforming a lot of other things, but not really badly considering the driver for global growth is really on its back right now and could be for a couple years,” said van Eck.<\/p>\n

Strategas’ Todd Sohn also characterizes oil stocks as unloved and sees potential for a turnaround.<\/p>\n

“They had pretty large outflows last year. And, if tech were to take a hit at some point in this quarter, I would guess the more tactical folks rotate into stuff like energy<\/a><\/span><\/span><\/span> or even health care<\/a><\/span><\/span><\/span>,” the firm’s ETF and technical strategist said. <\/p>\n

WTI crude<\/a><\/span><\/span><\/span> just had its best weekly performance since September \u2014 capturing most of its gains for the year this week. The commodity climbed 6% to settle at $76.84 a barrel. <\/p>\n<\/div>\n<\/div>\n<\/div>\n

Source: www.cnbc.com<\/p>\n","protected":false},"excerpt":{"rendered":"

Investors may want to consider putting money to work in a lagging part of the market. According to VanEck CEO Jan van Eck, oil stocks are getting a raw deal. “The [oil] supply is there. The companies are arguably the next best cash flowing companies [compared to] the semiconductors,” he told CNBC’s “ETF Edge” this…<\/p>\n","protected":false},"author":1,"featured_media":66064,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"WB4WB4WP_MODE":"","WB4WP_PAGE_SCRIPTS":"","WB4WP_PAGE_STYLES":"","WB4WP_PAGE_FONTS":"","WB4WP_PAGE_HEADER":"","WB4WP_PAGE_FOOTER":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[78],"tags":[],"class_list":["post-66063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\n