Old-line energy is the best performing sector so far this year and could continue to win

The stock market has struggled this month, but the old-line energy stocks that drill for oil and gas have made double digit gains and could continue to outperform in 2022, analysts say.

The sector is up about 16% for the month of January, compared to a 4.9% decline in the S&P 500. The only other major sector that is positive is the financials, with a 0.4% gain for 2022.