6.00 -0.07 (-1.15%)
Pre-Market: 7:15AM EDT
|Bid||5.30 x 27000|
|Ask||0.00 x 1000|
|Day's Range||5.88 - 6.12|
|52 Week Range||5.31 - 11.21|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-43.00%|
|Beta (5Y Monthly)||1.67|
|Expense Ratio (net)||0.75%|
Oil prices are dirt-cheap right now. When they inevitably recover, here's an efficient way to play the rally, asserts Chris Preston, editor of Cabot Wealth Network.
The oil market is grappling with dual blows of supply and demand. The coronavirus pandemic is crippling oil demand while dispute within OPEC+ will soon lead to increased output.
Growing travel bans and majorly disturbed supply chains largely due to the spike in the number of cases outside mainland China are leading to waning oil demand.
Given the abrupt changes in oil price and an uncertain outlook, investors should place their bet on oil ETFs cautiously or take advantage of the quick turn in sentiment with the help of leveraged or inverse ETFs.
U.S. markets and stock ETFs retreated on a spike in risk-off sentiment, following the weekend attack on Saudi Arabia’s oil facilities that sent crude price surging, but strength in the energy sector helped offset some of the broader selling.
Saudi brought in a royal family member in the energy sector's top position, probably to boost oil prices and facilitate Aramco's IPO. These ETFs can benefit if things go as planned.
After slipping into bear territory on trade war escalation and recession fears, oil prices received a boost from a slew of positive news including pick up in China's services sector and hopes of trade talks resumption.
Given the abrupt changes in oil price and an uncertain outlook, investors should place their bet on oil ETFs cautiously or could take advantage of the quick turn in sentiment with the help of ETFs.
Oil and energy ETFs surged through the first four months of 2019, but that bullishness could be tested with the arrival of May. The fifth month of the year marks the start of the seasonally weak period for energy equities and crude itself. Among the oil ETFs with a tendency of performing poorly in May and through the summer months is the Invesco DB Oil Fund (DBO). DBO is one of the largest oil ETFs trading in the U.S.
May is here and with the arrival of the fifth month come the requisite musings about selling in May and going away. Broadly speaking, selling in May and going doesn't work every year, but some exchange ...