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3 Popular Stocks of the Year, Part 14 Promising ETFs to BuyReopenings continue to push markets upThis summary was created by AI, based on 3 opinions in the last 12 months.
Based on the reviews from different experts, it seems that iShares S&P/TSX Capped Energy Index ETF (XEG-T) is considered a good resource sector ETF, providing exposure to most of the larger Canadian energy producers. Additionally, it offers a good way to play exposure to gold and the commodity market in general. The total return over the past 3 years has been impressive at 157%, making it an attractive option for investors. However, there is no near-term catalyst for the energy sector to move higher, and the focus should be on total return unless income is a priority.
Total return over 3 years is 157%. Total return should be your focus, unless you really need the income. There's value in energy going forward, but no near-term catalyst for it to move higher anytime soon.
Best way to get exposure to Canadian energy.
Provides dividends.
Excellent returns.
Big runup, and then a sideways consolidation. Easy money's been made in energy. Oil likely to move lower and be in a sideways, choppy trading range. For the bulk of this year, and into 2024, energy stocks will go sideways and be relative underperformers. For example, if market's up 10%, energy might be up 8-9%. So they'll be broadly in line with market, but will underperform. They're late-cycle plays, and all his works shows that we're starting a new cycle.
iShares S&P/TSX Capped Energy Index ETF is a Canadian stock, trading under the symbol XEG-T on the Toronto Stock Exchange (XEG-CT). It is usually referred to as TSX:XEG or XEG-T
In the last year, 3 stock analysts published opinions about XEG-T. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for iShares S&P/TSX Capped Energy Index ETF.
iShares S&P/TSX Capped Energy Index ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for iShares S&P/TSX Capped Energy Index ETF.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered iShares S&P/TSX Capped Energy Index ETF In the last year. It is a trending stock that is worth watching.
On 2024-04-23, iShares S&P/TSX Capped Energy Index ETF (XEG-T) stock closed at a price of $19.12.
It's such a broad sector, from energy to oil-related to materials to gold or uranium.
The most popular one related to the energy index is probably XEG. Exposure to most of the larger Canadian energy producers like CNQ, SU, etc.
What's catching his eye more right now is CGL, the gold bullion ETF. Recently broken out. He can see a scenario where gold moves higher to $2600 or even $3000 over the next year and a bit. Avoids the issues that come with mining in certain jurisdictions. Good way to play exposure to gold and to the commodity market in general.