XLE - Energy Select Sector SPDR ETF
62.35 +0.26 (0.42%)
Pre-Market: 7:31AM EST
| Previous Close | 63.54 |
| Open | 63.15 |
| Bid | 0.00 x 1000 |
| Ask | 0.00 x 1400 |
| Day's Range | 61.79 - 63.41 |
| 52 Week Range | 61.62 - 79.42 |
| Volume | 22,893,706 |
| Avg. Volume | 18,208,273 |
| Net Assets | 15.45B |
| NAV | 66.08 |
| PE Ratio (TTM) | N/A |
| Yield | 2.96% |
| YTD Return | -6.60% |
| Beta (3Y Monthly) | 1.07 |
| Expense Ratio (net) | 0.13% |
| Inception Date | 1998-12-16 |
- Yahoo Finance Video•4 days ago
U.S. stocks mixed as investors continue to process trade war progress
The S&P 500 was little changed, down 0.02%, or less than 1 point, as of market close. The materials and financials sectors led declines, while the utilities sector outperformed. The Dow rose 0.28%, or 70.11 points, while the Nasdaq fell 0.39%, or 27.98 points.
Investor's Business Daily•3 days agoAnother Rebound Nearly Dead As Stock Indexes Tumble Today
Stock indexes today were near session lows in afternoon trading as the week's rebound is now almost entirely wiped out.
Market Realist•3 days agoUS Equity Indexes and Oil Diverged
On December 6–13, US equity indexes had the following correlations with US crude oil January futures: the S&P Mid-Cap 400 (IVOO): -51.5% the S&P 500 (SPY): -49.7% the Dow Jones Industrial Average (DIA): -43.3%
Market Realist•3 days agoWhy Energy ETFs Didn’t Match Oil’s Gains
On December 6–13, major energy ETFs had the following correlations with US crude oil January futures: the Alerian MLP ETF (AMLP): 68.8% the Energy Select Sector SPDR ETF (XLE): 60% the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 58.4% the VanEck Vectors Oil Services ETF (OIH): 2.8%
- ETF Trends•3 days ago
XLE Needs to do This to Legitimize a Rebound
The Energy Select Sector SPDR (XLE) , the largest equity-based energy exchange traded fund, is sporting a fourth-quarter loss of about 14% so a rebound may not be imminent nor may it be the first thing on investors' minds when it comes to the energy sector. During oil’s recent slide, XLE and other basic energy ETFs performed significantly less poorly than the underlying commodity. “The XLE energy ETF has fallen more than 1 percent since Monday, on track for a second week in the red.
Market Realist•3 days agoChina’s Economic Data Might Drag Oil Prices
On December 14, China reported the November industrial output growth at 5.4% on a year-over-year basis—the lowest growth since early 2016. The industrial output growth was below the expectation. China’s retail sales growth rate was also at a multiyear low. China was the second-largest oil consumer in the world. Any slowdown in China’s economy would be a negative development for crude oil prices. At 7:43 AM EST, US crude oil prices have lost $0.34 from the last closing level.
Yahoo Finance•4 days agoGE leads the way as stocks make slow gains
Yahoo Finance's LIVE market coverage and analysis, beginning each day at 11:30 a.m. ET.
Market Realist•4 days agoCitigroup: OPEC’s Cuts Aren’t Enough to Lift Oil in 2019
Oil-Weighted Stocks: What If OPEC's Cut Doesn't Lift Oil Prices?OPEC might increase the cut
- Market Realist•5 days ago
EIA’s Inventory Data and Natural Gas Prices
In the week ending on November 30, the inventories spread was -19.5%. The inventories spread is the difference between natural gas inventories and their five-year average. During this period, the inventories spread expanded by 40 basis points compared to the previous week.
Market Realist•5 days agoAnalyzing the Sharp Rise in Natural Gas Prices
The natural gas rig count was at 198 last week—nine more than the previous week. The natural gas rig count has fallen ~87.7% from its record level of 1,606 in 2008. Since September, natural gas prices have risen nearly 38%, which might be luring natural gas producers to increase their production.
Market Realist•5 days agoBank of America Eyes Oil at $70 in 2019
Bank of America Merrill Lynch (BAC) expects Brent crude oil to average ~$70 per barrel in 2019, according to a CNBC report. The OPEC and non-OPEC agreement to cut 1.2 MMbpd (million barrels per day) of oil from the October production level in 2019 would be the key driver for US crude oil prices going forward.
- ETF Trends•6 days ago
A Bold Call on Energy ETFs
The Energy Select Sector SPDR (XLE) , the largest equity-based energy exchange traded fund, entered Monday with a fourth-quarter loss of about 12%, but some market observers believe the energy sector is poised to rebound. Last week, oil exchanged-traded funds (ETFs) gained after lengthy Organization of the Petroleum Exporting Countries (OPEC) discussions finally came to a conclusion, resulting in a larger-than-expected production cut that sent oil prices higher on Friday. OPEC and associated partners agreed to cut 1.2 million barrels per day with OPEC being responsible for 800,000 barrels.
- Market Realist•6 days ago
What Do Energy Transfer’s Chart Indicators Suggest?
Recently, Energy Transfer (ET) stock continued to trade weak. So far, the stock has lost almost 20% in 2018. The energy sector (XLE) has fallen ~16% YTD (year-to-date), which mirrors crude oil prices. Broader markets have been marginally down during the same period. Energy Transfer’s chart indicators continue to paint a grim picture. The company is trading at $13.85, which is ~12% and 16% below its 50-day and 200-day moving average levels. The large discount to both of these levels highlights weakness in the stock. The moving average levels close to $15.6 and $16. ...
Market Realist•6 days agoAre the Cuts by OPEC and Non-OPEC Countries Failing to Boost Oil?
On December 10, US crude oil January futures fell 3.1% and settled at $51 per barrel. The Energy Select Sector SPDR ETF (XLE) fell 1.6% on the same day.
Market Realist•7 days agoWhy the Upstream Space Failed to Catch Oil’s Rise
Between November 30 and December 7, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 3.9%—the second-largest fall among major energy ETFs. A rise of 3.3% in US crude oil prices last week wasn’t sufficient to push the upstream energy space into positive territory.
Market Realist•7 days agoWhy Are Oil and Equity Indexes Diverging?
On November 30–December 7, US equity indexes ended in the red. Last week, the S&P Mid-Cap 400 (IVOO), the S&P 500 (SPY), and the Dow Jones Industrial Average (DIA) fell 5.2%, 4.6%, and 4.5%, respectively. Energy stocks form ~5.1%, 5.9%, and 5.2%, respectively, of these equity indexes.
- Market Realist•7 days ago
Key Energy Events This Week
The EIA’s (U.S. Energy Information Administration) latest oil and natural gas inventory data are scheduled to be released on December 12–13, respectively. The data could be an important short-term driver for oil and natural gas prices. OPEC and the IEA’s Monthly Oil Market Report will likely be the key catalyst for oil prices.
- ETF Trends•10 days ago
Energy ETFs Stand Out Amid a Weak Friday Market
Energy stocks and sector-related exchange traded funds were among the lone areas of strength in U.S. markets Friday after the Organization of Petroleum Exporting Countries, along with oil-producing allies ...
Market Realist•10 days agoOPEC’s Cut: Will Energy ETFs Gain?
On November 29–December 6, major energy ETFs had the following correlations with US crude oil January futures: the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 77.6% the VanEck Vectors Oil Services ETF (OIH): 77.2% the Energy Select Sector SPDR ETF (XLE): 64% the Alerian MLP ETF (AMLP): 63.9%
- Yahoo Finance•10 days ago
Stocks tumble, oil surges on OPEC deal
Yahoo Finance's LIVE market coverage and analysis, beginning each day at 11:30 a.m. ET.
- MarketWatch•10 days ago
Chesapeake Energy's stock bounces as oil price jump offsets J.P. Morgan's bearish call
Shares of Chesapeake Energy Corp. bounced sharply off a 10-month low Friday, as a big rally in oil prices helped offset J.P. Morgan analyst Arun Jayaram turning bullish on the oil and gas production company. Jayaram cut his rating to underweight, after being at neutral for at least the past three years, citing concerns over near-term headwinds from the $4 billion WildHorse Resource Development Corp. announced in late October. The stock rallied 2.6% in morning trade, after closing Thursday at the lowest level since Feb. 21. Jayaram said that although the acquisition, which provided increased oil weightings, was a "necessary step" to turn the corner on its turnaround plan, "the stock will likely be a 'show me' situation" as investors generally had mixed views on the East Texas Eagle Ford plays. Meanwhile, the energy sector was broadly higher, with the SPDR Energy Select Sector ETF up 1.6% with 24 of 25 components gaining ground, as oil prices jumped after reports that OPEC and Russia agreed to production cuts. Chesapeak's stock has tumbled 31% over the past three months, while the energy ETF has shed 10% and the S&P 500 has lost 7.1%.
ETF Database•10 days agoETF Scorecard: December 7 Edition
To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.
Market Realist•11 days agoWhich Oil-Weighted Stocks Might Be Most Affected by OPEC Meeting?
On December 5, US crude oil January futures fell 0.7% and closed at $52.89 per barrel. The market wasn’t expecting a significant production cut during OPEC’s meeting on December 6, which might have dragged oil prices. On December 5, US equity markets were closed.
- MarketWatch•11 days ago
All 11 S&P 500 sectors tumble by at least 1% in broad-based, stock-market tumble
The S&P 500's main sectors were all trading sharply lower midday Thursday, highlighting the depth of a decline in equity markets. The 11 sectors of the S&P 500 were all down by as much as 1%, with financials and energy sectors down by at least 3.5%, leading the drop. The move comes as investors have been sensitive to signs of an economic slowdown that could upend a multiyear bullmarket and longstanding expansion in the U.S. Tumbling crude-oil prices also have been spotlighted as a sign of those worries, since oil prices tend to fall sharply when expectations for demand drop. The Dow Jones Industrial Average and the Nasdaq Composite Index also were trading sharply lower on the day. Both stock and bond markets were closed on Wednesday to mark a national day of mourning for George H.W. Bush, the U.S.'s 41st president, who died at 94.
Market Realist•11 days agoRussia’s Production Cut Decision Could Make or Break Oil Prices
OPEC members have provisionally decided to implement production cuts but are waiting for Russia to agree to a cut, according to a Reuters report. As of December 6 at 8:55 AM CST, US crude oil prices have declined ~2.7%. If Russia won’t agree to a production cut, OPEC alone cannot implement a cut because it could hurt its oil revenue.
