|Bid||0.00 x 1200|
|Ask||0.00 x 1400|
|Day's Range||87.84 - 90.43|
|52 Week Range||87.83 - 109.79|
|PE Ratio (TTM)||21.05|
|Beta (3Y Monthly)||1.09|
|Expense Ratio (net)||0.10%|
Plenty of sectors slumped in October, but few performed as poorly as the energy sector. The S&P 500 Energy Index notched one of its worst monthly performances on record and the Energy Select Sector SPDR (XLE) , the largest equity-based energy exchange traded fund, tumbled nearly 13%. Prior to October, the energy sector had been a solid performer this year.
Against a sluggish backdrop, it is difficult to plan investments that could fetch sure-shot returns. As such, they should focus on certain techniques while building a portfolio.
The Energy Select Sector SPDR (XLE) , the largest equity-based energy exchange traded fund, gained a modest 0.40% in the third quarter, extending its year-to-date gain to 7%. While market observers acknowledge the energy sector's fundamentals are solid, some believe current oil prices are too high. A combination of diminished global output and rising global demand have helped reduce the global supply glut that dragged on oil prices for years.
Will the yield curve invert, with short-term interest rates pushing their way above long-term interest rates … a relatively rare scenario that’s all too often associated with a troubled economy? It has not happened yet, but as of right now we’re as close to an inverted yield curve as we’ve been in a decade. Translation: It sure couldn’t hurt to go ahead and make plans for an inverted yield curve, just in case that’s how things take shape.
Although oil ETFs had been weakening for a couple of weeks, the selling intensified Wednesday. Five ETFs lost 3.6% to 4.8%.
Meanwhile, although it may be slowing, global growth has improved over the short-term, and despite some uncertainty around tariffs and global trade, supply/demand dynamics across many commodities are back in balance and look to become even more favorable in the near future. Plus, companies across many of the primary industries associated with real assets are now in improved financial and operational shape after several years of restructuring to reduce capital expenditure and improve overall efficiency. The IMF (International Monetary Fund) expects the global economy to register a growth of 3.9% in 2018 and 3.9% in 2019.
Oil exploration and production companies, which took the brunt of the hit during the crude selling, have benefited the most as prices rebounded, but ETF investors should begin to think about taking a more ...
The Energy Select Sector SPDR (XLE) , the largest equity-based energy ETF, is up about 5% year-to-date, but XLE and rival energy ETFs will be tested as the sector's second-quarter earnings reports start rolling in. “Q2 estimates moved up modestly since the quarter got underway, but the positive revisions were primarily because of the Energy sector. Excluding the Energy sector, estimates for the quarter would be modestly down in the last 10 weeks,” according to Direxion.
By Jerry Polacek Today, we’re going to take a look at how a recent Internal Revenue Service notice is expected to boost growth in U.S. solar project development over the next several years. Before we dive into the recent guidance from the IRS, let me ...
With second-quarter earnings season fast approaching, investors may want to consider sector exchange traded funds. The Energy Select Sector SPDR (NYSEArca: XLE), the largest equity-based energy exchange ...
E*TRADE Financial Corporation today announced it has surpassed 250 commission-free ETFs with the addition of 46 ETFs from six providers to its Commission-Free ETF Pr
From March 31, 2017, to March 31, 2018, Key Energy Services’ (KEG) net debt increased 18%. On March 31, 2018, KEG’s net debt was $194.6 million.
This past Memorial Day weekend, Americans were greeted with something they haven’t seen in years — namely, $3 per gallon gasoline. These prices for gasoline have come on the back of higher crude oil prices. With supplies low and demand continuing to rise, Brent-benchmarked crude oil has now eclipse $80 per barrel, while West Texas Intermediate is north of $70.
Iraq is OPEC’s second-largest crude oil producer after Saudi Arabia. According to the EIA, Iraq’s crude oil production decreased by 30,000 bpd (barrels per day) to 4,450,000 bpd in April—compared to the previous month. However, the production increased by 1.1% or 50,000 bpd year-over-year.
July WTI crude oil futures were trading above their 50-day, 100-day, and 200-day moving averages on May 25. The charts suggest that the prices could trend higher. New sanctions on Iran and Venezuela, unexpected supply outages, and a decline in OECD oil inventories could support oil prices in the next few months.
July US crude oil futures contracts fell 1.5% to $66.82 per barrel on May 29 at 12:49 AM EST. The US stock exchange was closed on May 28 due to Memorial Day.
The API (American Petroleum Institute) is set to release its weekly crude oil inventory report on May 30, and the EIA (U.S. Energy Information Administration) is set to release its US crude oil production data on May 31. Baker Hughes, a GE company (BHGE), is scheduled to release its US oil rig count report on June 1.
The Energy Select Sector SPDR (XLE) , the largest equity-based energy exchange traded fund, has faltered over the past couple of days, but that is not changing some market observers' bullish views on the resurgent sector. A combination of diminished global output and rising global demand have helped reduce the global supply glut that dragged on oil prices for years. Production cuts from the Organization of Petroleum Exporting Countries and their allies have largely contributed to the cut in supply.
Hedge funds’ net long positions in US crude oil futures and options contracts trading in NYMEX and ICE declined by 15,322 to 419,907 on May 8–15—the lowest level in the last six months. The CFTC released the data on May 18.
On May 22, the API is scheduled to release its weekly crude oil inventory report. On May 23, the EIA is scheduled to release its US crude oil production data. Baker Hughes, a GE Company (BHGE), is scheduled to release its US oil rig count report on May 25.