|Bid||31.78 x 1200|
|Ask||31.81 x 39400|
|Day's Range||31.76 - 32.30|
|52 Week Range||23.89 - 45.45|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.45|
|Expense Ratio (net)||0.35%|
My favorite hedge fund event is the annual Sohn Conference in New York. This year’s event will be held on May 6th, so I decided to take a look at how last year’s picks fared and whether hedge fund managers were able to generate any outperformance with their recommendations. Last year Harvard University’s Patrick Luo released […]
Energy Sector: Key Highlights from Last Week(Continued from Prior Part)Energy subsector ETFsIn the week ending April 12, major energy subsector ETFs had the following performances:The SPDR S&P Oil & Gas Exploration & Production ETF
What's Limiting Natural Gas's Upside?(Continued from Prior Part)Natural gas rig countThe natural gas rig count was at 194 last week—four more than the previous week. The natural gas rig count has fallen ~87.9% from its record level of 1,606 in
Crude Oil May Futures Hit Highest Closing Price since November(Continued from Prior Part)Energy subsector ETFsIn the week ending April 5, major energy subsector ETFs had the following performances:The VanEck Vectors Oil Services ETF (OIH) rose
What Hindered Rise in Energy ETFs?(Continued from Prior Part)Correlation with US crude oil Between March 28 and April 4, major energy ETFs had the following correlations with US crude oil active futures: the Alerian MLP ETF (AMLP): 88.7% the VanEck
Energy commodities, namely oil, are among this year's best-performing commodities. Predictably, that scenario is proving beneficial for energy ETFs.After tumbling 18.20% last year, the Energy Select Sector SPDR (NYSEARCA:XLE), the largest energy ETF, is up 17.70% this year, underscoring the point that energy is one of the best-performing sectors in the S&P 500 to this point in 2019.While betting against energy ETFs has been losing proposition so far in 2019, that does not mean the group is immune to potential downside. Energy is a cyclical sector and could be tested if investors continue favoring defensive groups. Additionally, energy ETFs could be pinched by slowing global economic growth, which would crimp oil demand.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"With oil prices once again above our unchanged midcycle price of $55 per barrel, we see less value in oil-related stocks than we did at the beginning of the year," said Morningstar in a recent note. * Should You Buy Q1's 6 Best-Performing S&P 500 Stocks? Another variable to consider with energy ETFs is that sectors favorable seasonal period comes to an end in the middle of the second quarter. While that is not a guarantee of bad tidings with energy ETFs, it is something to consider because some of the following energy ETFs could be vulnerable to downside in the months ahead. SPDR S&P Oil & Gas Exploration & Production ETF (XOP)Source: Shutterstock Expense ratio: 0.35% per year, or $35 on a $10,000 investment. The SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) is rallying this year thanks in large part to this energy ETF's often intimate correlations to oil prices, but this is also what makes XOP vulnerable to significant downside if oil tumbles.XOP is up 17.50% this year. On its own, that sounds impressive, but when measured against the aforementioned XLE, XOP has not been the better bet on a risk-adjusted basis because exploration and production stocks are usually much more volatile than integrated oil names that dominate traditional energy ETFs like XLE.XOP could firm if oil inventories tighten and/or demand picks up. Given this energy ETF's domestic focus, the fund could benefit if U.S. shale producers scale back output during the second and third quarters, but there are no guarantees that scenario comes to pass. VanEck Vectors Oil Services ETF (OIH)Source: Shutterstock Expense ratio: 0.35% per year, or $35 on a $10,000 investment. Another high flier that is highly tied to oil prices, the VanEck Vectors Oil Services ETF (NYSEARCA:OIH) is up 26.51% this year. This energy ETF shares something common with integrated oil funds: OIH is dominated by a small number stocks, namely Schlumberger Ltd. (NYSE:SLB) and Halliburton Co. (NYSE:HAL).Those two oil services giants combine for over 34% of OIH's weight. Any material retrenchment in those names makes it difficult for OIH to deliver upside. Good thing some analysts are bullish on Schlumberger. * 3 Healthcare Stocks to Trade Now "Schlumberger stands out as high-quality and favorably valued," said Morningstar. "The market seems to be underrating prospects for the SPM business, a fully integrated services model that aspires to deliver a sea change in oil and gas development costs. SPM is already delivering returns on capital far ahead of the rest of the company, and therefore the business will lift Schlumberger's profitability up as it grows as a share of revenue in years to come." United States Oil Fund (USO)Source: Shutterstock Expense ratio: 0.84% per year. The United States Oil Fund (NYSEARCA:USO) is an energy ETF that is a likely epicenter of vulnerability if oil prices decline. This energy ETF is widely viewed as the bellwether oil fund, excluding equity-based products, and is also one of the most heavily traded commodities funds of any stripe. USO provides exposure to front month West Texas Intermediate (WTI) futures and there are some risks associated with that methodology."This method is particularly sensitive to short-term changes in spot prices, but can also result in heavy roll costs," according to ETF.com. "That makes USO a great vehicle for riding short-term moves in crude prices, but long-term holders may want to look at other options."Fortunately for bearish traders, USO has a robust options market and this energy ETF is highly liquid, meaning it is easy and cost-effective to sell short. Invesco S&P SmallCap Energy ETF (PSCE)Source: Shutterstock Expense ratio: 0.29% per year, or $29 on a $10,000 investment. The Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) is the small-cap answer to the aforementioned XLE and that alone explains this energy ETF's potential vulnerabilities if another oil bear market arrives.With PSCE up 26.23% this year, more than double the returns of the S&P SmallCap 600 Index, envisioning major declines for this energy ETF over the near term may be hard to do. However, if oil falters in earnest, that could trigger concerns about global economic growth and if investors become concerned about the U.S. economy, small caps would likely retreat, creating a double whammy of sorts PSCE. * 5 Cannabis Stocks Set to Skyrocket -- According to Wall Street's Top Analysts This energy ETF's 39 holdings, which have an average market value of $880 million, "are principally engaged in the business of producing, distributing or servicing energy related products, including oil and gas exploration and production, refining, oil services and pipelines," according to Invesco. Invesco DWA Energy Momentum ETF (PXI)Source: Shutterstock Expense ratio: 0.60%. Like many of the energy ETFs highlighted here, the Invesco DWA Energy Momentum ETF (NASDAQ:PXI) has been solid this year. And like many of the energy ETFs mentioned here, PXI faces two-fold scenarios that could make the fund vulnerable in the event oil prices retreat.First and foremost, PXI's composition, which includes a heavy tilt to mid- and small-cap stocks, makes the fund vulnerable to energy sector declines. Second, a momentum-based strategy could weaken more rapidly than cap-weighted energy ETFs if oil prices quickly erode.One sign to steer clear of PXI in oil bear market is already clear: this momentum energy ETF is up just 15% this year, trailing cap-weighted rivals like XLE by more than 200 basis points. Global X MSCI China Energy ETF (CHIE) Source: Shutterstock Expense ratio: 0.66%. The Global X MSCI China Energy ETF (NYSEARCA:CHIE) is another example of an energy ETF with impressive year-to-date gains (CHIE is up 16.55%) where speculating on near-term declines is a tricky endeavor, particularly with Chinese stocks ranking as among the world's top performers.CHIE's underlying index includes "all eligible securities as per MSCI's Global Investable Market Index Methodology, including China A, B and H shares, Red chips, P chips and foreign listings, among others," according to Global X. * 5 Automobile Stocks to Consider Now CHIE would be vulnerable to broader retrenchment in Chinese stocks, which would likely weigh on the global energy sector given that the world's second-largest economy is still a major energy importer. Plus, with CHIE lagging the equivalent U.S.-focused energy ETFs this year, the risk/reward trade off here currently is not favorable. First Trust Natural Gas ETF (FCG)Source: Shutterstock Expense ratio: 0.60%. The First Trust Natural Gas ETF (NYSEARCA:FCG) is up more than 19% this year, which is an impressive showing for this energy ETF. FCG is a mid-cap fund as highlighted by a median market value of $3.27 billion for the fund's 33 holdings.One of the primary issues with FCG is trusting that this fund will maintain its lead over traditional energy ETFs if oil and natural gas prices stay high and that FCG will not overshoot rival energy ETFs on the downside if energy commodities fall.These are relevant points because FCG has a history of lagging standard energy ETFs like XLE. From 2013 through 2018, FCG never outperformed XLE and during rough years for oil, such as 2014 and 2018, FCG's were much more severe than those incurred by regular energy ETFs.Todd Shriber does not own any of the aforementioned securities.Compare Brokers The post 7 Energy ETFs That Could Be Running Out of Fuel appeared first on InvestorPlace.
Will the Recovery in Natural Gas Sustain?(Continued from Prior Part)Weather dataThe weather forecast on March 28 suggests cooler weather. Moreover, analysts at Refinitiv estimate that natural gas demand could rise by an average of 1 Bcf (billion
What to Expect from Natural Gas on March 26(Continued from Prior Part)Natural gas pricesAs of 8:53 AM EDT on March 26, natural gas prices were nearly unchanged from the previous day’s close. In the absence of any positive news, traders don’t
Natural Gas Prices to Remain Under Pressure This Week(Continued from Prior Part)Natural gas pricesAs of 8:50 AM EDT on March 25, natural gas prices had fallen ~1.4% from the previous week’s close. Traders expect that the recovery in liquefied
What Impacted the Energy Sector Last Week?(Continued from Prior Part)Energy subsector ETFs In the week ending March 22, major energy subsector ETFs had the following performances: The Alerian MLP ETF (AMLP) rose 1.7%. The SPDR S&P Oil & Gas
Energy Sector: Analyzing Key Events This Week(Continued from Prior Part)US crude oil prices On March 25, at 6:44 AM EST, US crude oil prices have fallen by 6 cents since the close last week. However, growing concerns about a recession might drag oil
Oil's Impact on Energy ETFsCorrelation with US crude oilOn March 14–21, major energy ETFs had the following correlations with US crude oil May futures:the VanEck Vectors Oil Services ETF (OIH): 79.9%the SPDR S&P Oil & Gas Exploration
Energy exploration and production sector-related exchange traded funds led market gains Wednesday as U.S. crude prices pushed back above $60 per barrel, a four-month high, on tightening oil supplies in ...
Will the Rise in Natural Gas Continue?(Continued from Prior Part)Natural gas rig count The natural gas rig count was at 193 last week—unchanged from the previous week. The natural gas rig count has fallen ~88% from its record level of 1,606 in
Where Natural Gas Prices Could Head This WeekNatural gas’s implied volatility Yesterday, natural gas’s implied volatility was 19.8%, ~6.6% below its 15-day moving average. Since February, natural gas’s implied volatility and prices have
Energy Sector Highlights Last Week(Continued from Prior Part)Energy subsector ETFsIn the week ending March 15, major energy subsector ETFs had the following performances:The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose
Black Box Details Revealed on Ethiopian Airlines Flight 302 According to Reuters, the Boeing (NYSE:BA) 737 Max 8 that crashed soon after takeoff had an unusually high speed just after takeoff before the plane began reporting problems. It then asked permission to climb quickly. Pilots then urgently asked permission to return to the airport. Rueters’ […]The post Market Morning: Black Box Details, Brexit Referendum 2, Postpartum Drug, Oil Short Squeeze? appeared first on Market Exclusive.
Will the Weakness in Natural Gas Continue?(Continued from Prior Part)Natural gas rig countThe natural gas rig count was at 193 last week—two less than the previous week. The natural gas rig count has fallen ~88% from its record level of 1,606 in
Energy Sector Diverged from Oil's Rise Last Week(Continued from Prior Part)Key energy events On February 27 and 28, the EIA (U.S. Energy Information Administration) is scheduled to release its oil and natural gas inventory data, respectively. Later
Energy stocks are facing pressure after Russia signaled a potential boost in crude output ahead of its meeting with OPEC. CNBC's David Faber reports.
The Wall Street Journal's investment bank survey showed that banks expect a rise in oil prices. Efficient Advisors Chief Investment Officer Larry Shover joins Yahoo Finance's Julie Hyman and Adam Shapiro to discuss.