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What are we screening for? Undervalued U.S. large-cap energy stocks. The Screen North American equity markets were propelled higher on Monday following the announcement of a 90-day pause in the U.S.-China trade war. The S&P 500 index rose by 3.26 per cent, led by the automobile, consumer discretionary, and transportation industry groups, while the VIX, a measure of market volatility, fell below 20 for the first time since March 28. This bullish sentiment could help sectors that have been lagging the major benchmark, however headwinds may continue for the energy sector, with concerns that OPEC+, a group of 12 countries…
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