Welcome back for another Top Down Trade of the Week.
This is a classic leadership scan.
We start with the best sectors, then drill into the subgroups. We pick one, and then take a look at the top stocks in it.
This week's standout is definitely Energy, rocketing from the bottom of the leaderboard all the way to 2nd place.
Refiners are leading the move back into Energy. Crack spreads are at record highs while crude has pulled back off its spring peak, and that spread between cheap input and expensive product is exactly what's pushing the group higher.
Producers are stuck in the mud, but the names turning crude into gasoline and diesel are printing money, and the leaderboard is reflecting that.
This is our overall industry rankings, showing Oil, Gas & Consumable Fuel stocks rising 28 spots to slide back into the top 20.
Here are the top-performing names in the Oil, Gas & Consumable Fuels industry, ranked by relative strength.
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