Winning Energy Stock to Add to Your Portfolio in April

Plus, 24 other stocks that tend to outperform in April

Digital Content Manager
Mar 28, 2024 at 10:24 AM
facebook X logo linkedin

EQT Corp (NYSE:EQT) stock is down 6.7% in 2024, and today received a price-target cut from BMO to $38 from $40. However, the shares have staged a neat bounce off $33, and have cleared their 20-day moving average, a trendline that has alternated between support and resistance in the last 12 months. 

EQT 20 Day

This could be the beginning of a longer-term uptrend for EQT. Per Schaeffer's Senior Quantitative Analyst Rocky White, the equity is the best S&P 500 Index (SPX) name to own in April, and leading the seven oil and gas stocks on the list. The security finished the month higher in eight of the past 10 years, averaging an impressive 15.8% return.  

Best Stocks April

Short interest rose 46% in the last two reporting periods, and now makes up 5.1% of the stock's available float, indicating a short squeeze could fuel additional tailwinds. A round of upgrades could be in store too, considering nearly half of the brokerages in coverage calling it a tepid "hold" or worse.

It's worth noting EQT stock is sporting attractively priced premium at the moment, per its Schaeffer’s Volatility Index (SVI) of 28%, which ranks in the extremely low 8th percentile of its annual range.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI