OIH: Energy Service Stocks Attractive On Valuation, Uptrend Holding


  • Commodities have been in a broad downtrend for the last year, but I noticed one potential bullish reversal sign.
  • The VanEck Oil Services ETF has a low earnings multiple, reasonable EPS growth, and is in a broad price uptrend.
  • With an attractive valuation and high tradeability but soft seasonal trends right now, I have a buy rating on the ETF when weighing everything together.

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