Energy Select Sector SPDR® ETF
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JPMorgan Chase Predicts Crude Oil Will Reach $190 in 2025
JPMorgan Chase predicts that oil will reach $190 per barrel in 2025. Just a few months ago, Brent crude touched a multiyear low.
Why Elliott Management Might Be in Trouble
Last week, Elliott Management filed its 13F for the first quarter of 2020. In the last quarter, the hedge fund’s AUM was worth around $73.15 billion.
Oil Price Update: Have Traders Turned Bullish?
Today at 10:01 AM ET, WTI (West Texas Intermediate) oil prices rose 3.8% and were at $28.65 per barrel. On Thursday, WTI prices rose by 9%.
Are Energy Stocks a ‘Buy?’ Goldman Sachs Says Yes!
Energy stocks have fallen this year amid the bloodbath in crude oil prices. Last week, WTI crude contract turned negative for the first time in history.
Should You Buy Natural Gas Futures amid COVID-19?
The volatility in Henry Hub gas prices might concern investors. You could look for natural gas-weighted stocks like EQT and Cabot Oil & Gas.
These Are the Top 5 Upstream Energy Dividend Stocks
Investors’ preference for top dividend stocks could increase in 2020. Among sector-specific ETFs, the Energy Select Sector SPDR ETF reigns supreme.
What Does 2020 Hold for Chesapeake?
In 2019, Chesapeake Energy (NYSE:CHK) declined by 60.7%. How will its earnings, price targets, and the current US-Iran tensions affect its 2020 outlook?
An Investor’s Guide to Top-Performing Stocks for 2020
Overall, tech stocks turned out to be the top performers for 2019. The gain in the technology sector helped the S&P 500 gain 29% in 2019.
More Trouble for Cabot Oil & Gas in 2020?
In 2019, Cabot Oil & Gas (COG) has fallen 22%. The company has a correlation of 34.6% and 7.6% with natural gas and crude oil prices, respectively.
How the S&;P 500’s Sectors Could Perform in 2020
The S&P 500 Index (SPY) has gained 28% YTD. Tech stocks constituted 22.8% of SPY, the highest among the 11 major sectors.
Did Druckenmiller and Buffett Get ‘Trumped’ This Year?
Druckenmiller and Buffett got “trumped” by the President’s economic policies this year. Incidentally, the US economy posted better-than-expected growth.
Southwestern Is Down 40% in 2019: What about 2020?
So far in 2019, Southwestern Energy (SWN) has fallen around 40%, while the Energy Select Sector SPDR ETF (XLE) has gained 4.2%.
How a Fracking Ban Would Devastate US Energy
Democratic presidential candidate Elizabeth Warren has proposed a ban on fracking. According to her, a ban on fracking is necessary to fight climate change.
A Way Forward for Chesapeake after Last Week’s Slide?
Last week, Chesapeake Energy stock (CHK) fell 15.9%, marking its fourth consecutive weekly decline. Here’s the outlook for this week.
Hess Corp: Performance, Holdings, and Analysts’ Views
On Friday, Hess Corp (HES) fell 3.8%, while crude oil prices fell 1.4%. Trade deal-related concerns could be behind oil prices’ decline.
Will the Dow Jones Industrial Average Climb to 30,000?
The Dow Jones Industrial Average (DJIA) (DIA) seems to be touching new highs despite pessimism related to progress in trade talks.
The George Soros Fund Shares 13F Analysis
On November 14, The George Soros Fund Management LLC filed 13F. The firm’s total market value was around $3.6 billion at the end of Q3 2019.
Dimensional Fund Advisors’ Major Holdings in Q3
Dimensional Fund Advisors’ top buys are Apple (AAPL), AT&T (T), Microsoft (MSFT), L3Harris Technologies (LHX), and Verizon Communications (VZ).
Baker Hughes: What’s Impacting the Stock?
Baker Hughes stock closed at $22.09 yesterday. Bearishness toward energy commodities has impacted the energy sector and may be limiting BKR stock.
Why Saudi Arabia’s Aramco Won’t Be the Next Apple
The long-awaited Saudi Aramco IPO could hit the markets as soon as next month. Saudi Arabia’s state-owned Aramco is the most profitable company globally.
Goldman Sachs: Pain Isn’t Over for Oil Prices
Goldman Sachs has warned that oil prices might not have any significant upside next year and that unless global growth picks up, Brent will remain at $60.
Bill Gross: Top Stock Picks with High Dividend Yields
On October 18, CNBC reported Bill Gross top picks. His top stock picks were Annaly Capital (NLY), Invesco (IVZ) and Allergan (AGN).
Tepper’s Appaloosa Has 50% S&P Call Option
The S&P 500 (SPY) and Nasdaq-100 (QQQ) call options show that David Tepper is optimistic about the economy. But the market is worried about a recession.
Bridgewater Exited Chesapeake: Should You?
In the third quarter of fiscal 2017, Bridgewater Associates sold all its stake in Chesapeake Energy (CHK). In Q3 2016, the stock fell by 31.4%.
Where Williams Companies Stock Could Be Headed Now
Williams Companies (WMB) stock has fallen 6% while natural gas is down 15% in the last three weeks. WMB has fallen more than 15% in the last 12 months.
Mario Gabelli: What To Do if Market Declines
On August 24, in an interview with CNBC, Mario Gabelli encouraged value investing. He is the CEO, chairman, and founder of GAMCO Investors.
Will Carl Icahn’s Fears Come True in October?
Carl Icahn’s fears could come true in October. According to Goldman Sachs, the market might exhibit higher volatility next month.
Cramer and Trump Were Right about the Market Rebound!
On August 27, Jim Cramer predicted that the equity market could witness a rebound in September. President Trump said that the US economy is in great shape.
Hong Kong’s Extradition Bill Withdrawal and the S&P 500
Reports state that Hong Kong could withdraw its controversial extradition bill that sparked mass protests. This event could impact the US-China trade deal.
BAML Expectations: 2020 Will Be Difficult for Investors
BAML’s David Hauner said that 2020 will be a very difficult year for investors. The last recession came after two years of yield curve inversion.
Where Is US Crude Oil Headed? An Energy Update
On August 30, US crude oil October futures settled at $55.1 per barrel. On a week-over-week basis, US crude oil prices rose 1.7%.
Will September Bring New Life to Crude Oil?
US crude oil October futures rose 1.5%, settling at $55.78 per barrel. Oil prices rose after the EIA reported a decline in oil inventories.
Will Cyclical Stocks Rally in September?
In August, cyclical sectors such as energy, financials, and industrials have fallen the most amid recession fears in the market.
Morgan Stanley: Don’t Expect a Rebound in the Market
On August 27, in an interview with CNBC, Morgan Stanley’s Mike Wilson reiterated his earlier target of $2,750 for the S&P 500 Index (SPY) in 2019.
Trump Thinks He Should Have Imposed Higher Tariffs
When asked yesterday whether he had second thoughts on the trade war with China, Donald Trump replied, “Yeah! sure. Why not?”
Do US Energy Stocks Look Promising?
Crude oil production continues to rise, and oil prices remain at $50. Despite that, US energy stocks aren’t getting investors’ interest.
Trump: US Economy ‘Poised for Big Growth after Trade Deals’
According to President Trump, the US economy is “poised for big growth after trade deals are completed.” Markets are volatile amid the trade war.
Energy Stocks: Expert Says to Avoid the Free Fall
Ari Wald said that energy stocks haven’t captured the upside in oil prices. However, energy stocks were hit hard by any sharp decline in oil prices.
Oil Impacts Energy ETFs and the Equity Market
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% Downside in energy ETFs Notably, […]
What’s Hampering Energy Transfer’s Recent Performance?
Despite solid earnings growth in the last several quarters, Energy Transfer’s (ET) performance has failed to pick up.
Why Kinder Morgan’s Q2 Earnings Are Expected to Rise
Kinder Morgan is expected to report its second-quarter earnings results next week. Let’s see what factors influenced it in the quarter.
How Has Oil Influenced Energy ETFs in the Last Week?
US crude oil active futures rose 5% in the trailing week, which might have been behind the upsides in energy sector ETFs.
How Strong Gas Prices and Falling Yields Impacted Energy Sector
Last week, US crude oil prices fell 1.6%, while natural gas active futures rose 4.8%.
A Quantitative Look at Your Energy Portfolio
US crude oil active futures fell 3.4% last week, which might have been behind the downside in most energy ETFs.
Has the S&P 500 Index Moved Opposite to Oil Prices?
In the trailing week, the Energy Select Sector SPDR ETF (XLE) fell 1.1%—the third-lowest decline among the SPDR ETFs.
Why Energy ETFs Can’t Hold Oil Gains
US crude oil active futures rose 4.1% in the trailing week, which might have supported or limited the downside in OIH, XOP, XLE, and AMLP.
Rise in Oil Pushed Energy ETFs Higher
US crude oil active futures have risen 8.6% in the trailing week, which might have boosted or limited the downside in OIH, XOP, XLE, and AMLP. They have returned 5.8%, 5%, 3.7%, and -0.7%, respectively.
Oil Dragged Down Energy Subsector ETFs
Last week, US crude oil prices fell 2.7%, while natural gas active futures rose 2.1%.
Has Oil Helped the S&P 500?
In the last week, the Energy Select Sector SPDR ETF (XLE) has risen 0.7%, the third least among SPDR ETFs.
What’s Limited Your Energy ETF Losses This Week?
US crude oil active futures have fallen 0.6% in the last week, possibly dragging down or limiting XOP, XLE, OIH, and AMLP, which have returned -1.4%, 0.7%, 1.3%, and 0.7%, respectively.
Does Magellan Midstream Partners’ 6.5% Yield Look Attractive?
Magellan Midstream Partners (MMP) is currently trading at a yield of ~6.5%.
Comparing Energy ETFs’ Performance Last Week
Last week, US crude oil prices fell 6.8%, while natural gas active futures fell 2%. The Brent-WTI expanded by $0.77 last week.
Decoding the Energy Sector’s Key Events This Week
The EIA (U.S. Energy Information Administration) is scheduled to release its oil and natural gas inventory data on May 30.
Did Oil Boost Energy ETFs?
Last week, US crude oil prices rose 1.8%, while natural gas active futures rose 0.5%. The Brent-WTI expanded by $0.5 last week.
Analysts Expect a 42% Upside in Energy Transfer Stock
Energy Transfer (ET) stock has underperformed most of its peers so far in 2019. The stock is up ~12% year-to-date.
Kinder Morgan Has Outperformed Top Midstream Stocks in 2019
Kinder Morgan (KMI) stock has outperformed its top midstream peers so far in 2019. The stock is up roughly 28% year-to-date.
Analysts Are Bullish on Enterprise Products Partners
Many top midstream stocks have outperformed the broader market so far in 2019.
Why Energy ETFs Are Outperforming Equity Market and Oil
US crude oil active futures fell just 0.2% in the trailing week.
Where Does the United States Export Oil?
In this part, we’ll take a look at the top countries where the US exports its crude oil.
Why the United States Imports Oil
Several factors contributed to the rising crude oil exports in 2018.
Energy Subsectors: Analyzing the Downside
Last week, the Energy Select Sector SPDR ETF (XLE) fell 3%. XLE had the largest decline among the sector-specific SPDR ETFs under review.
This Index Consolidates All the Leading Indicators
The leading economic index (or LEI) combines ten different leading economic indicators.
Williams Companies’ Q1 Earnings Rose 7%
Williams Companies reported an adjusted EBITDA of $1.21 billion, which missed the consensus estimates for the quarter ending March 31.
Oil and Earnings Dragged the Energy Subsector Last Week
Last week, US crude oil prices fell 1.2%. On April 26, US crude oil prices had the third-highest one-day decline in 2019.
Oil Rigs Impact Natural Gas Prices
The natural gas rig count was at 189 last week. The natural gas rig count has fallen ~88.2% from its record level of 1,606 in 2008.
Has the Broader Market Helped Oil Keep Its Pace?
In the trailing week, XLE rose 1.4%. XLE was the largest gainer among the SPDR ETFs that break the broad market into subsectors.
Kinder Morgan’s Q1 Earnings Are Expected to Rise 9%
Kinder Morgan (KMI) is expected to report its earnings results for the first quarter of 2019 on April 16.
Midstream Stocks Outperformed Broader Markets in Q1
Crude oil prices rose ~32% in the first quarter. The strength in crude oil prices and strong fourth-quarter performances drove midstream stocks.
Trump Supports TransCanada’s Keystone XL Pipeline Again
On March 29, President Trump issued a new presidential permit for TransCanada’s (TRP) Keystone XL pipeline project.
Analyzing Oil’s Rise in Q1
The Health Care Select Sector SPDR Fund (XLV) has risen 4.8% and has underperformed the SPDR ETFs in the first quarter.
Energy ETFs: What Has Limited the Upside in Q1?
OIH, XOP, XLE, and AMLP have risen 23%, 16.1%, 15.5%, and 14.4%, respectively. The rise in oil prices might have boosted these energy ETFs.
Will KMI, WMB, and OKE Maintain Their Rally?
So far, midstream stocks Kinder Morgan (KMI), ONEOK (OKE), and Williams Companies (WMB) have each risen ~30% in 2019.
Oil’s Impact on Energy ETFs
US crude oil May futures rose 1.8% in the trailing week. XLE, AMLP, OIH, and XOP rose 1.9%, 3.1%, 3.7%, and 4.6%, respectively.
Oil Rigs Impact Natural Gas Production
The natural gas rig count was at 193 last week. The natural gas rig count has fallen ~88% from its record level of 1,606 in 2008.
Where Natural Gas Prices Could Head This Week
Yesterday, natural gas’s implied volatility was 19.8%, ~6.6% below its 15-day moving average.
PAA, WMB, and OKE: Midstream Stocks Rose Last Week
Last week, Plains All American Pipeline (PAA), Williams Companies (WMB), and ONEOK (OKE) rose 2.5%, 2.3%, and 1.9%, respectively.
Midstream Stocks Outperformed Broader Markets Last Week
Midstream stocks and MLPs broadly outperformed the broader markets last week. The Alerian MLP Index was flat while the S&P 500 Index fell 2.2% for the week.
The Biggest Detractors for Einhorn’s Greenlight in 2018
Overall, in 2018, the most significant contributors to Greenlight Capital’s gains included Micron Technology (MU) and Twitter (TWTR).
Why Crude Oil Prices Drive Midstream Stocks
So far, US crude oil prices have risen ~25% in 2019. The strength in oil prices is reflected in energy stocks’ year-to-date performance.
MMP, KMI, OKE, and ET: How Top Midstream Stocks Fared Last Week
The top midstream sector stocks ended mixed last week. Magellan Midstream Partners (MMP) and Kinder Morgan (KMI) rose 4.6% and 2.2%.
KMI, ET, and PAA: How Midstream Stocks Fared Last Week
Midstream stocks ended mixed last week. The Alerian MLP Index fell 0.3%, while XLE fell 0.5% last week.
Wall Street: Oil Bulls’ New Friend
On February 14–21, XLE rose 0.8%—the third-lowest rise among the SPDR ETFs that break the broad market into subsectors.
How Institutional Investors Played AMLP in Q4 2018
Many midstream companies reported fair earnings growth last year compared to 2017.
Will Kinder Morgan Maintain Its Upward Momentum?
Kinder Morgan (KMI) and Williams Companies (WMB) have each risen ~24% in 2019. In comparison, ONEOK (OKE) has risen ~27%.
Highlights from Williams Companies’ Q4 Earnings
Williams Companies reported an adjusted EBITDA of $1.20 billion, which missed the consensus estimates for the quarter ending December 31.
KMI, TRGP, OKE, and WMB: Top Midstream Gains in 2019
Midstream C corporations have posted impressive gains in 2019. The top stocks in the sector have outperformed the broader market.
How Williams Companies Looks before Its Q4 Earnings
Williams Companies (WMB) is scheduled to release its fourth quarter and fiscal 2018 earnings on February 13.
Total Returns: EPD, MMP, and MPLX Outperformed the Energy Sector
While MLP stock prices might fall, they might still generate positive total returns for investors due to their yield returns.
Why Oil Rigs Might Concern Natural Gas Bulls
The natural gas rig count was at 197 last week, which was one less than the previous week.
EIA’s Inventory Might Not Support Natural Gas Prices
On January 24, the EIA is scheduled to release its natural gas inventory report for the week ending on January 18.
Midstream Stocks Gained for the Third Straight Week
Midstream stocks and MLPs continued to gain in the third week of 2019. The Alerian MLP Index rose 1.9% in the week ending January 18.
What Does the IEA Think about the Oil Market?
On January 17, US crude oil March futures fell 0.5% and settled at $52.36 per barrel. In the trailing week, US crude oil prices fell 1%.
The EIA’s Inventory Data Could Fail to Propel Oil Prices
The EIA reported a fall of 2.7 MMbbls (million barrels) in US crude oil inventories to 437.1 MMbbls in the week that ended on January 11.
Natural Gas Rig Count Might Impact Natural Gas Prices
The natural gas rig count was at 202 last week—four more than the previous week. The rig count was at the highest level since September 2015.
Oil Traders: Goldman Sachs Expects a Slowdown
On January 14, US crude oil February futures fell 2.1% and settled at $50.51 per barrel. The Energy Select Sector SPDR ETF (XLE) fell 0.2%.
Upstream Sector Rose Last Week
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.
Broader Market Might Have Pushed Oil Higher
On January 3–10, XLE rose 7.7%—the third-largest gainer among the SPDR ETFs that break the broad market into subsectors.
China’s Slowing Inflation Renews Its Slowdown Concerns
While the markets have remained in the green for the last few days, they are getting spooked on renewed China slowdown fears.
Most of Gundlach’s 2018 Calls Were Spot On—What about 2019?
So-called bond king Jeffrey Gundlach, who is also the CEO of DoubleLine Capital, has made his predictions for 2019 on a variety of topics.
Why EIA Data Might Not Satisfy Natural Gas Bulls
In the week ending on December 28, the inventories spread was -17.2%.