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The Investment Committee give you their energy playbook after Morgan Stanley upgraded the sector to overweight.
Energy stocks are in an uptrend and could continue to rise for many years. The Energy Select Sector SPDR Fund ETF is a popular way to gain exposure to the energy sector. Factors such as Fed easing, refilling the U.S. Strategic Petroleum Reserve, and potential China demand could boost energy prices.
Oil prices spiked last week, gaining 3% to near four-month high, buoyed by rising demand forecasts by the International Energy Agency, geopolitical tensions and domestic market dynamics.
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Geopolitical tensions could potentially drive oil prices higher, notes Rob Thummel. He discusses outlook for energy stocks.
IGE is a passively managed ETF that tracks the S&P North American Natural Resources Sector Index. IGE and XLE have similar sector compositions, but IGE has a lower weighting in the top three holdings. IGE may provide a superior return due to overvaluation and overweighting of top holdings in XLE, the fund's similar risk return ratios, and larger expected multiple expansion for IGE.
The S&P 500's Q3 of 2023 dividends increased 0.7% to a record $144.2 billion from Q2 of 2023's $143.2 billion and were 2.7% higher than the $140.3 billion recorded in Q3 of 2022.
Energy, fundamental to economic activity and higher standards of living, is being politicized, particularly LNG. The US plays a significant role in global hydrocarbon production, and the Saudi decision to throttle back oil production signals a price floor.
On this episode of ETF Prime, host Nate Geraci speaks with a trio of individuals discussing several different ETF-related topics. His guests include VettaFi's Stacey Morris who discusses the indexes behind Texas Capital Texas Oil Index ETF (OILT) and the Alerian MLP Index ETN (AMJB).
Looking for broad exposure to the Energy - Broad segment of the equity market? You should consider the Energy Select Sector SPDR ETF (XLE), a passively managed exchange traded fund launched on 12/16/1998.