XLE - Energy Select Sector SPDR ETF

NYSEArca - NYSEArca Delayed Price. Currency in USD
63.84
+1.27 (+2.03%)
At close: 4:00PM EST
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Previous Close62.57
Open63.31
Bid61.95 x 3200
Ask62.00 x 4000
Day's Range62.94 - 63.89
52 Week Range53.36 - 79.42
Volume13,200,043
Avg. Volume20,640,938
Net Assets13.52B
NAV57.33
PE Ratio (TTM)N/A
Yield3.54%
YTD Return-18.21%
Beta (3Y Monthly)1.11
Expense Ratio (net)0.13%
Inception Date1998-12-16
Trade prices are not sourced from all markets
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    InvestorPlace6 days ago

    Cuts to Production Won’t Protect XLE from Falling Oil Demand

    To receive further updates on this Energy Select Sector SPDR ETF (NYSEARCA:XLE) trade as well as an alert when it's time to take profits, sign up for a risk-free trial of Maximum Options today. This morning I am recommending a bearish trade on the Energy Select Sector SPDR ETF (NYSEARCA:XLE). Crude oil prices are up this week, and XLE looks like it is starting to recover from December's selloff. But as I have said before, V-shaped rallies are rare. Unlike yesterday's trade, today's pick doesn't have good news to carry it through overhead resistance. InvestorPlace - Stock Market News, Stock Advice & Trading Tips ### Shrinking Supply vs. Shrinking Demand In 2018, the Organization of the Petroleum Exporting Countries (OPEC) and Russia agreed to cut production of oil going into the new year. Generally, less production means higher prices. The price of oil is up, as you can see in the chart below. Daily Chart of Crude Oil Futures -- Chart source: TradingView In the U.S., the number of rigs looking for new oil production has also dropped slightly. This means the U.S., which is now the world's top producer of oil, is slowing the growth in production. But the news isn't all positive. Chinese trade data shows the global economy is slowing down. Yesterday's small gains came after a 2% decline in prices. Cutting production may boost prices, but if the economy slows and global demand for oil decreases, we will see steeper declines. ### Retesting Before Recovering Looking at the chart of XLE, we see the shares starting a downward turn after yesterday's session. It is too soon to call this a near-term top, but XLE is at a turning point. Daily Chart of Energy Select Sector SPDR ETF (XLE) -- Chart Source: TradingView Even if XLE doesn't encounter resistance around the $62 level, there is still old support to overcome. Old support levels can act as new resistance, and before the selloff in December, XLE hovered above the $65 level. I think XLE will retest its December lows in February. Even if it does recover from decreased demand for oil, it needs to find new support before heading higher. That's why I am going to recommend a naked call option this morning. Sell to open the XLE Feb. 15th $66 call for a credit of about $0.30. Writing naked call options is a bearish position and is similar to shorting a stock, and it typically requires the use of a margin account. We are writing the call expecting that underlying shares will not trade above the $66 strike price prior to expiration. And we are hoping that the naked call option will lose value through time decay and will expire worthless at the Feb. 15 expiration. If so, we will keep the approximately $0.30 premium we collect at the start of the trade. However, one risk is that XLE could unexpectedly move up sharply. If that happens, we would need to buy back to cover and close the naked call option for a loss. The other risk if the stock moves up sharply is that the call will be assigned. This means that for every 1 call option we sold to open, we would need to buy 100 XLE shares on the open market at an unknown higher price and then sell the shares at the $66 strike price for a loss. Keep your positions small. The stop is at $66.50, meaning close the position if XLE rises above $66.50. Follow our Facebook page to receive each Trade of the Day direct to your News Feed -- and join the conversation. InvestorPlace advisor Ken Trester brings you Power Options Weekly, which delivers 5 new options trades and his latest trading advice to you each Friday. Trester has been trading options since the first exchanges opened in 1973 with a winning streak that goes back to 1984 with money-doubling average annual profits since 1990. Compare Brokers The post Cuts to Production Won't Protect XLE from Falling Oil Demand appeared first on InvestorPlace.

  • Oil Traders: Goldman Sachs Expects a Slowdown
    Market Realist6 days ago

    Oil Traders: Goldman Sachs Expects a Slowdown

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  • Upstream Sector Rose Last Week
    Market Realist7 days ago

    Upstream Sector Rose Last Week

    Upstream Review for the Week Ending January 11 ## Upstream space has underperformed On January 4–11, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 6.2%—the second-largest gainer among major energy ETFs. A rise of 7.6% in US crude oil prices and a rise of 1.8% in natural gas last week could have helped upstream stocks rise. Last week, the S&P 500 Index (SPY) rose 2.5%, which might have caused another gain in upstream stocks. ## Other major energy ETFs * The VanEck Vectors Oil Services ETF (OIH) rose 7.8%. * The Energy Select Sector SPDR ETF (XLE) rose 3.6%. * The Alerian MLP ETF (AMLP) rose 1.9%. ## WTI spreads Last week, the price difference between WTI at Cushing versus Midland contracted by ~$0.65 per barrel. On January 10, the spread was at the lowest level since November 13. The fall in the spread might indicate a slowdown in the Permian Basin oil production since the takeaway capacity is constant. The WTI-WCS (Western Canada Select) spread contracted by more than $2 per barrel. Alberta’s production cut plan could be behind the contraction in the WTI-WCS spread. Since the plan’s announcement on December 2, the spread has contracted 67.7%. The recovery in the utilization of the Midwest Refinery Operable Capacity from last month might have contracted the gap between these two grades of oil. Last week, the LLS (Louisiana Light Sweet) crude oil versus WTI at Cushing, or the LLS-WTC spread, expanded by almost $1 near the $6.8 level. Next, we’ll discuss the top outperformers on our list of upstream players. Continue to Next Part Browse this series on Market Realist: * Part 2 - Analyzing the Top Upstream Gainers Last Week * Part 3 - Which Upstream Stocks Underperformed Last Week?

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    Will Kinder Morgan’s Fourth-Quarter Results Support Its Stock?

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    Market Realist10 days ago

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    What's Impacting Your Energy Portfolio Gain? (Continued from Prior Part) ## US equity indexes On January 3–10, US equity indexes had the following correlations with US crude oil February futures: * the S&P Mid-Cap 400 (IVOO): -42.1% * the S&P 500 (SPY): -42% * the Dow Jones Industrial Average (DIA): -36% These three equity indexes have exposure of ~5.1%, ~5.9%, and ~5.2% to the energy sector, respectively. The equity indexes rose 8%, 6.1%, and 5.8%, respectively, in the trailing week. US crude oil February futures rose 11.7% during this period. ## Oil’s rise and equity indexes The correlations indicate an inverse relationship between oil and these US equity indexes. However, the rise in these equity indexes because of the US-China trade talks might have caused oil prices to rise. Last month, the fall in US equity indexes made oil fall sharper. On January 3–10, the Energy Select Sector SPDR ETF (XLE) rose 7.7%—the third-largest gainer among the SPDR ETFs that break the broad market into subsectors. The rise in US equity indexes might have helped XLE’s rise, which we discussed in the previous part. During this period, the Industrial Select Sector SPDR ETF (XLI) rose 8.2%. XLI was the outperformer among sector-based SPDR ETFs. The Consumer Staples Select Sector SPDR ETF (XLP) rose 2.6%—the lowest gainer among sector-based SPDR ETFs. All of the sector-based SPDR ETFs ended in the green in the seven calendar days to January 10. Next, we’ll discuss the important price level for US crude oil next week. Continue to Next Part Browse this series on Market Realist: * Part 1 - President Trump Might End Oil’s Gain * Part 2 - Wall Street’s Sentiments Boosted Energy ETFs * Part 4 - Where US Crude Oil Might Head Next Week

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    Market Realist10 days ago

    Natural Gas Pipelines Might Drive Kinder Morgan’s Growth

    Kinder Morgan Is Expected to Report Higher Q4 Earnings (Continued from Prior Part) ## Natural gas pipelines Kinder Morgan’s (KMI) Natural Gas Pipelines segment’s EBDA (earnings before depreciation and amortization) grew 9% YoY (year-over-year) in the third quarter. The segment contributed more than half of Kinder Morgan’s earnings for the quarter. Growth projects and increased activity in the Bakken, Haynesville, Eagle Ford, and Permian basins might continue to drive the segment’s earnings growth in the fourth quarter. The Elba liquefaction project and the Gulf Coast Express Pipeline project are expected to contribute to the segment’s earnings in 2019. In the longer term, Kinder Morgan expects higher demand from the power sector, higher LNG (liquefied natural gas) exports, exports to Mexico, and demand from the petrochemical industry to drive the natural gas demand growth. The increase should benefit Kinder Morgan in the long term. ## Other segments While the NGL (natural gas liquid) prices in the fourth quarter softened compared to the third quarter, the prices rose YoY. Stronger volumes and higher prices should contribute to Kinder Morgan’s CO2 segment’s earnings in the fourth quarter. Kinder Morgan’s Products Pipelines and Terminals segments are also expected to report modest growth in their fourth-quarter earnings. The above graph shows Kinder Morgan’s segmental earnings over four years. Kinder Morgan forms ~2.9% of the Energy Select Sector SPDR ETF (XLE), which represents the S&P 500 Index’s energy sector. Next, we’ll discuss how Kinder Morgan stock performed. We’ll also discuss the company’s guidance for 2019. Continue to Next Part Browse this series on Market Realist: * Part 1 - Kinder Morgan: What to Expect from Its Q4 Earnings * Part 2 - Kinder Morgan’s Q4 Revenues Are Expected to Rise * Part 4 - Will Kinder Morgan’s Fourth-Quarter Results Support Its Stock?

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    Market Realist10 days ago

    Kinder Morgan: What to Expect from Its Q4 Earnings

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