The Energy Select Sector SPDR (XLE) is a non-diversified ETF. It tracks the largest oil and gas, consumer fuels and power equipment companies in the S&P 500. The ETF has a dividend yield of 2.5%, and is up 59.8% year-to-date.
The fund is down 5.2% on Monday and is set to see a further decline, however the long-term trend for energy is strongly positive.
Take advantage of short-term weakness at the appropriate opportunity. It is only a matter of time before stocks resume their journey to new highs. Buy the XLE at $80.50 lmt gtc
The fund is down 5.2% on Monday and is set to see a further decline, however the long-term trend for energy is strongly positive.
Take advantage of short-term weakness at the appropriate opportunity. It is only a matter of time before stocks resume their journey to new highs. Buy the XLE at $80.50 lmt gtc