XLE - Energy Select Sector SPDR ETF
| Previous Close | 65.54 |
| Open | 66.56 |
| Bid | 0.00 x 1000 |
| Ask | 0.00 x 900 |
| Day's Range | 65.07 - 66.81 |
| 52 Week Range | 64.37 - 79.42 |
| Volume | 11,497,102 |
| Avg. Volume | 15,338,480 |
| Net Assets | 15.78B |
| NAV | 67.15 |
| PE Ratio (TTM) | N/A |
| Yield | 2.92% |
| YTD Return | -5.12% |
| Beta (3Y Monthly) | 1.07 |
| Expense Ratio (net) | 0.14% |
| Inception Date | 1998-12-16 |
- MarketWatch•1 hour ago
Oil rout leaves energy stocks oversold, contrarians circling
The worst may not be over for the energy sector following a sharp and sudden rout for crude prices, but this is the sort of environment that tends to present genuine “contrarian” opportunities, says one veteran chart watcher.
- Market Realist•2 hours ago
What Drove Energy Transfer’s Q3 2018 Earnings
Energy Transfer (ET) reported its third-quarter earnings last week. Despite its strong performance, the stock has fallen more than 6% since then. The energy (XLE) sector saw similar weakness during this period. The company reported EBITDA of $2.45 billion—an increase of more than 50% from the corresponding quarter last year.
Market Realist•3 hours agoOil Bulls: OPEC Might Have a Rescue Plan
As of November 12, US crude oil prices have fallen 27.1% from the multiyear closing high of $76.41 per barrel on October 3. Oversupply concerns have led the decline in oil prices. Based on a Reuters report, OPEC members and non-OPEC oil producers might develop a plan to reduce their oil output by up to 1.4 MMbpd (million barrels per day) in 2019. In the oil market report on November 14, the International Energy Agency expects global oil demand growth to rise by 1.3 MMbpd and 1.4 MMbpd in 2018 and 2019, respectively. A production cut of that magnitude might limit oil’s fall.
Market Realist•5 hours agoGE Up 8% on Announcement of Partial Baker Hughes Stake Sale
General Electric stock (GE) gained ~8% yesterday after newly appointed CEO Larry Culp revealed his first major step to strengthen the company’s liquidity. The US industrial conglomerate (XLE) announced it had entered a series of agreements with Baker Hughes (BHGE) including a stake sale in Baker Hughes that would raise almost $4 billion for GE. According to the agreement, GE will maintain over a 50% interest in Baker Hughes after the stake sale.
- MarketWatch•21 hours ago
Dow extends decline to a 3rd session in a row as oil prices log worst day since 2015
The Dow and S&P 500 on Tuesday finished an up-and-down session lower, extending a rout that kicked off a day ago, after crude-oil prices registered their worst daily drop in more than three years. The sharp declines in oil have weighed on market sentiment, raising concerns about global economic growth, and dragged the energy sector lower. A popular gauge of energy, the Energy Select Sector SPDR ETF , finished down 2.4%. The S&P 500 index closed off 0.2% at 2,722, marking its fourth straight decline, with the energy and health-care sectors leading the day's losses. The Dow Jones Industrial Average ended 0.4% lower at 25,286, driven lower by a sharp decline in shares of Boeing Co. , after a report by the Wall Street Journal indicated problems with part of its fleet of jets. The Nasdaq Composite Index , meanwhile, ended Tuesday trading flat at 7,200. Meanwhile, West Texas Intermediate for December delivery settled 7.1% lower at $55.69 a barrel on the New York Mercantile Exchange, marking its sharpest one-day fall since September 2015, registering its 12 consecutive loss and deepening the commodities stunning slide into bear-market territory, defined as a drop of at least 20% from a recent peak.
Market Realist•yesterdayPresident Trump Could Make Oil’s Fall Worse
On November 12, US crude oil December futures fell 0.4% and settled at $59.93 per barrel—the lowest closing level for active US crude oil futures since February 13. The Energy Select Sector SPDR ETF (XLE) fell 2.1% on November 12. The S&P 500 (SPY) and the Dow Jones Industrial Average (DIA) fell 2% and 2.3%, respectively. The fall in the broader market might have dragged energy stocks.
- Investopedia•yesterday
Oil Services Fund Drops to 15-Year Low
The 2016 election of a free-wheeling Republican businessman should have signaled great times for the U.S. oil patch, but that hasn't happened, even though crude oil hit a four-year high in September 2018. The oil equipment and services sector is leading the downside during the current malaise, with the VanEck Vectors Oil Services ETF ( OIH) now trading at a 15-year low. Blue chips are currently underperforming smaller companies in the oil equipment and services sub-sector, with Halliburton Company ( HAL) trading at a 2.5-year low while Schlumberger Limited ( SLB) probes an astounding nine-year low.
Market Realist•2 days agoHave US Equity Indexes Reduced Oil’s Impact on the Energy Sector?
On November 2–9, US equity indexes ended in the green. Last week, the Dow Jones Industrial Average (DIA), the S&P 500 (SPY), and the S&P Mid-Cap 400 (IVOO) rose 2.8%, 2.1%, and 1.1%, respectively. Energy stocks form ~5.2%, 5.9%, and 5.1%, respectively, of these equity indexes.
- Market Realist•2 days ago
What to Expect from the Energy Sector This Week
This week, specific events could impact oil and natural gas prices. Early this week, the EIA’s (U.S. Energy Information Administration) DPR (Drilling Productivity Report) and OPEC’s Monthly Oil Market Report are scheduled to be announced. Later in the week, the IEA’s Oil Market Report will provide a brief snapshot of the oil demand and supply situation.
- Market Exclusive•2 days ago
Market Morning: GE Clobbered, Alibaba Singled Out, Oil Tremors, Italian Showdown
This Week In the Economy Last week closed off with a surprise jump in producer prices, the Producer Price Index (PPI) rising 0.6% sequentially, 3x faster than the expected print of 0.2%. Producer prices are still rising at just below 3% annually, excluding food and energy. This week those numbers will be reinforced with Consumer […] The post Market Morning: GE Clobbered, Alibaba Singled Out, Oil Tremors, Italian Showdown appeared first on Market Exclusive.
- CNBC•3 days ago
US crude oil rises for the first time in 11 days as Saudis say weaker demand warrants output cuts
Oil rose by more than 1 percent on Monday, set for its largest one-day increase in a month. The rise comes after Saudi Arabia said OPEC and its partners believed demand was softening enough to warrant an output cut of 1 million barrels per day. Brent crude futures rose 92 cents on the day to $71.10 a barrel, while U.S. West Texas Intermediate rose 50 cents to $60.69 a barrel.
Yahoo Finance Video•20 hours agoThe energy sector is today's biggest loser
The Energy sector was the biggest loser of the day while the Financial sector was the biggest winner
- CNBC Videos•2 days ago
Don't panic here because a year-end rally is ahead, says ...
Julian Emanuel, BTIG, says investors shouldn't panic here, and discusses whether there's more market volatility ahead. With CNBC's Joe Kernen and the Fast Money traders, Pete Najarian, Steve Grasso, Brian Kelly and Tim Seymour.
- CNBC Videos•2 days ago
These corrections are buying opportunities: Pro
What should investors pay attention to? And what's just noise. With Jimmy Lee, Wealth Consulting Group, and Jeff Carbone, Cornerstone Financial Partners.
