With one month to go in 2016, InvestorPlace’s Best Stocks for 2016 contest is going down to the wire. My pick, pipeline superpower Energy Transfer Equity (ETE), is tied for first place with Ellie Mae (ELLI), both up 40% on the year.
Energy Transfer is rallying today, mostly on the news that OPEC had reached an agreement to curtail production and boost energy prices. Of course, a pro-energy incoming republican government and approval of long-delayed pipeline projects helps as well.
Regardless of how this year ends, best of luck to Jason Moser and the rest of the contestants. May the best stock win!