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Markets mixed as first vaccines reach North AmericaMarkets continue to rally despite latest job lossesThis summary was created by AI, based on 11 opinions in the last 12 months.
The Energy Select Sector SPDR Fund (XLE-N) is currently viewed as a mixed but cautiously optimistic investment opportunity by various experts. While some are concerned about oil prices being pressured by geopolitical issues, particularly in relation to the Russia-Ukraine conflict, others see potential for a recovery in demand due to China’s recent government stimulus. The consensus suggests that a relief rally could occur, particularly if oil prices find a catalyst like events in the Middle East. Additionally, the performance of integrated energy companies such as Exxon and Marathon has been strong, with some experts predicting a positive outlook for energy stocks in the latter half of 2024, especially if interest rates decline. Overall, there's a sense that while challenges remain, the energy sector could be on the cusp of a rebound, driven by improving demand and attractive valuations.
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, 10 stock analysts published opinions about XLE-N. 7 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.
10 stock analysts on Stockchase covered Energy Select Sector SPDR Fund In the last year. It is a trending stock that is worth watching.
On 2025-04-01, Energy Select Sector SPDR Fund (XLE-N) stock closed at a price of $94.
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.