Related posts
Nervous markets await NvidiaThis summary was created by AI, based on 11 opinions in the last 12 months.
The Energy Select Sector SPDR Fund (XLE-N) has attracted mixed opinions among experts regarding its potential in the near future. Some indicate that recent improvements in oil prices could signify a contrarian opportunity, suggesting a possible rally driven by cyclical trends. However, external factors like geopolitical tensions in the Russia-Ukraine conflict and energy prices being targeted by political figures pose a risk for short-term growth. Despite these challenges, many experts express a bullish outlook for the energy sector, particularly for well-established companies like Exxon and Diamondback, highlighting the potential for positive developments later in 2024. With rising gasoline demand and significant mergers and acquisitions in play, there is a sentiment that the sector may soon find its required catalyst for growth, making it an intriguing area for investment.
Her energy outlook: bullish. If there's a rotation based on valuation, then energy is now attractive. If the Fed cuts rates in the second half of 2024, the 2-year-yield will drop which will benefit dividend stocks like energy. Also, we're in summer driving season and an oil price shock can always happen.
The oil price is up 16% in the past 3 months and energy stocks up 11%, so stocks lag. However, interest in oil futures has not been this high since Oct. 2021, so eeryone is looking for oil opportunities. Also, hedge funds are holding their highest positions in energy since Feb. 2022, when the Russian war began. This means the spot price of oil is vulnerable to a correction, but the supply/demand imbalance makes energy stocks a buy.
Energy Select Sector SPDR Fund is a American stock, trading under the symbol XLE-N on the NYSE Arca (XLE). It is usually referred to as AMEX:XLE or XLE-N
In the last year, 6 stock analysts published opinions about XLE-N. 3 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Energy Select Sector SPDR Fund.
Energy Select Sector SPDR Fund was recommended as a Top Pick by on . Read the latest stock experts ratings for Energy Select Sector SPDR Fund.
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.
6 stock analysts on Stockchase covered Energy Select Sector SPDR Fund In the last year. It is a trending stock that is worth watching.
On 2025-04-25, Energy Select Sector SPDR Fund (XLE-N) stock closed at a price of $82.39.
Oil prices have shown a little life recently. This is a contrarian trade, but likes it full year. It's part of the cyclical trade and will rise in a relief rally when rotation happens again.