Despite the recent market volatility on concerns over the Fed turning hawkish again to bring inflation on its path to reaching the 2% target, prominent energy stock Marathon Petroleum Corporation (MPC) has gained 5.5% over the past five days and 12.9% over the past month. For reasons explained throughout this article, I think MPC is a no-brainer pick this week.
With the most recent inflation and jobs data suggesting continued rate hikes, the renewed fears of recession drive market volatility. However, the energy market’s unusual supply-demand dynamics helped fundamentally sound stocks like MPC outperform the broader market.
