55.95 -0.01 (-0.02%)
After hours: 7:58PM EDT
|Bid||0.00 x 21500|
|Ask||0.00 x 4000|
|Day's Range||55.63 - 57.75|
|52 Week Range||53.36 - 78.36|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.34|
|Expense Ratio (net)||0.13%|
The Energy Select Sector SPDR (XLE) , the largest equity-based energy ETF, is lower by more than 7% this month and its year-to-date gain is close to evaporating, but some market observers believe battered energy stocks are ready to turn higher. XLE’s recent woes have the ETF trading below its 50- and 200-day moving averages, giving short-term traders little reason to approach the fund from the long side. The trade war with China is intensifying pressure on oil prices and energy stocks, and some analysts believe oil supplies are trending higher.
The Energy Select Sector SPDR (NYSEArca: XLE), the largest equity-based energy ETF, is in free fall, having tumbled nearly 10% this month as it labors 28% below its 52-week high, but some analysts believe ...
As last week's yield curve inversion signals time may be running short on the decade-long bull market, a couple of ETFs are well poised to outperform.
As a closely segment of the yield curve inverts, signaling a potential recession ahead, investors may want to look to energy and technology sector ETFs in the mean time. Bank of America Strategist Mary ...
Oil prices fell to their lowest levels since January last week as trade war fears returned. Energy stocks fell in sympathy and remain one of the weakest sectors heading into the new week. Today we'll analyze the downside reversal and identify three energy stocks to sell.Source: Shutterstock The easiest way to spot the bears' emergence in oil stocks is by using the Energy Sector ETF (NYSEARCA:XLE). We saw downside momentum surge during last week's whack suggesting the downtrend should have staying power. Volume surged alongside the slide revealing mass distribution and an environment where rallies should be suspect. The mid-week recovery was cut short ahead of the weekend. Friday's bearish reversal candle is seeing follow through this morning making now a prime time to deploy short trades in the sector. * 10 Real Estate Investments to Ride Out the Current Storm I've scoured its constituents and discovered three high-quality stocks to sell. Let's take a closer look.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Conoco Phillips (COP)Source: ThinkorSwim ConocoPhillips (NYSE:COP) carries one of the best characteristics for bearish candidates: relative weakness. This year's descent has far outpaced the energy sector making it one of the weakest large-gaps in the space. Last week's plunge pushed COP stock to a 52-week low, and it's now down 14% year-to-date.Thursday's rally was quickly reversed on Friday showing just how fast sellers are to reject any strength. With all major moving averages pointing lower and buyers unable to muster together more than a one-day rally, the path of least resistance remains lower.To bank on further weakness, buy the Nov $55/$50 bear put spread for $2.20. The risk is limited to the initial cost, and the reward is $2.80. Schlumberger (SLB)Source: ThinkorSwim Schlumberger (NYSE:SLB) also slipped to a 52-week low last week and found itself down 5% year-to-date. While the damage isn't as severe as what we've seen in COP stock, SLB remains in a secular decline with countless failed rallies. Thursday's rebound attempt was pathetic and rapidly reversed by Friday's slide.I see zero reasons to be bullish here or fight the trend, which is pointing lower across all time frames.Implied volatility sits at a lofty 40% or the 56th percentile of its one-year range so short premium plays are attractive right now. This should allow us to build a cash flow trade with robust metrics. * 7 Large-Cap Stocks to Sell Right Now If you're willing to bet SLB sits below $35 at September expiration then sell the $35/$37.50 bear call spread for 70 cents. The reward is 70 cents, and the risk is $1.80. Halliburton (HAL)Source: ThinkorSwim Halliburton (NYSE:HAL) rounds out our trio of bearish beauties. From a performance perspective, it's the worst of the three with a year-to-date loss of 27%. It has been poison to portfolios. Last week's oil drop didn't just push HAL stock to a new 52-week low; it knocked to its lowest level since 2009.As you would expect with such atrocious performance, everything on the chart points to lower prices. The trend on all time frames is cruising lower, moving averages are falling, and relative weakness has followed the stock like a hellhound.Implied volatility is sky-high at the 77th percentile of its one-year range. To combat the expensiveness of option premiums, spreads are a must.Buy the Oct $20/$17.50 bear put spread for around $1.05. The risk is limited to $1.05, and the reward is limited to $1.95.As of this writing, Tyler Craig didn't hold positions in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Large-Cap Stocks to Sell Right Now * 7 Stocks Under $7 to Invest in Now * 7 Marijuana Stocks With Critical Levels to Watch The post 3 Energy Stocks to Sell Now appeared first on InvestorPlace.
Oil services sector-related exchange traded funds were among the hardest hit Friday as ProPetro Holding (NYSE: PUMP) dragged on the sector, following a delayed filing in its quarterly report due to an ...
Amid bearish fundamentals, many investors have turned bearish on the energy sector and are seeking to tap this opportunity. For them, an inverse or leveraged inverse play on energy or oil could be an excellent idea.
The Energy Select Sector SPDR (NYSEArca: XLE), the largest equity-based energy ETF, is lower by nearly 6% over the past week. Some traders are betting on more weakness for the benchmark energy fund. The ...
Energy sector ETFs were among the hardest hit Thursday on expectations of rising growth in oil supply over the next year with a wave of global production keeping crude prices stuck in a bear market. Among ...
In what can be seen as a commentary on the shifting landscape of energy consumption, the NYSE Pickens Oil Response ETF (NYSE: BOON ), an exchange traded fund affiliated with legendary oil investor T. Boone ...
The Energy Select Sector SPDR (XLE) , the largest equity-based energy ETF, is trading higher over the past week and while some of that may be due to oil prices and earnings reports, there is another factor to consider. The Federal Reserve meets next week and the central bank is widely expected to lower interest rates, which could be a boon for energy stocks. “The Federal Reserve is widely expected to lower interest rates by at least 25 basis points, or 0.25 of a percentage point, at its next rate-setting meeting on July 30-31,” reports Avi Salzman for Barron's.
A veteran oil analyst sees a "generational" opportunity in big oil stocks, which are paying high dividend yields and have lagged oil prices this year.
On July 11–18, major energy ETFs had the following correlations with US crude oil active futures: the Energy Select Sector SPDR ETF (XLE): 42% the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 32.3% the Alerian MLP ETF (AMLP): 23.1% the VanEck Vectors Oil Services ETF (OIH): 12.3% Notably, US crude oil active […]
A widely observed energy sector exchange traded fund was breaking above its long-term trend lines Friday as energy market participants braced for disrupted supply lines with Tropical Storm Barry making ...