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As the smart money continues to double down on the battered energy sector, it’s time for investors to also consider playing the contra trade. In a past article, we highlighted how scores of billionaire investors were buying into the energy sector by betting that an oil price rebound is on the cards. And they do have a valid point. Some of the worst performers in 2018 have turned into big winners in the current year. General Electric was down 57% in 2018 but has gained 51% in the year-to-date; Applied Materials was down 36% last…
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