Seeking Alpha

Energy Select Sector SPDR ETF (XLE)

  • Mar. 22, 2012, 12:03 PM
    Bullish sentiment rises to the highest level in 4 years according to the Charles Schwab Active Trader Survey, with 51% of frequent traders in the bull camp vs. just 25% last October. Most bullish sectors: Tech and energy. Least: Financials, healthcare, minerals, consumer discretionary.
  • Mar. 13, 2012, 3:13 PM
    "There will be no light sweet crude imports into the U.S. Gulf Coast," by 2015, says Valero (VLO) CEO Bill Klesse, who expects domestic shale output to take its place. This will narrow the discount of heavy crude so much, the company is nixing plans for a Port Arthur refinery. Shale oil "(affects) the competitiveness of the refining business on the world scale."
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  • Feb. 23, 2012, 3:13 PM
    Even as oil moves to a 9-month high, volatility on the oil-stock index (XLE) has collapsed, writes Steven Sears, making the purchase of XLE calls a leveraged way to play a further breakout in crude without forking over a ton of premium.
  • Feb. 10, 2012, 10:59 AM
    Shares of oil explorers and integrated companies (XLE -1%) tumble after the IEA chops its oil demand forecast for the sixth straight month; the new forecast implies demand will grow less than 1% in 2012. XOM -1.2%, CVX -1.4%. Nymex crude -1.5% to $98.34.
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  • Jan. 24, 2012, 10:29 PM
    Energy emerges as one key from the State of the Union address, with President Obama launching clean energy projects on public lands, calling for efficiency initiatives, and directing the Defense Department to buy plenty of clean energy. On the 99%-vs.-1% front, he put a number to a tax-reform "Buffett rule": If you make more than $1M a year, you should not pay less than 30% in taxes. S&P 500 e-mini futures slightly lower, +0.25%. (policy proposals summarized)
  • Dec. 12, 2011, 3:53 PM
    Energy stocks (XLE -2.7%) have now surpassed financials as the day's weakest sector as concerns grow that Europe's debt crisis could lead to "a recession that could significantly inhibit oil demand," oil trading adviser Ritterbusch says. Among the day's biggest losers: ANR -9.3%, BTU -6.1%, CAM -5.9%, HAL -4.7%, NOV -3.8%, BHI -3.8%, OXY -3%.
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  • Dec. 5, 2011, 11:11 AM
    Nabors (NBR +5.9%) is upgraded to Outperform at BMO Capital with a target price raised to $29 from $24, as the oil service firm is called "one of the best value/corporate makeover stories in the group [whose] turnaround is about to accelerate." In a risk-on day, energy stocks (XLE +2.2%) are higher across the board. Nymex crude +1.2% to $102.19.
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  • Nov. 2, 2011, 9:56 AM
    Financials and energy stocks are among this morning's leading sectors after dragging the bottom in the prior session. Financials fell almost 5% yesterday but are up sharply today (XLF +1.8%), led by Mastercard (MA +8.3%) after reporting a strong Q3; Visa (V +2.9%) shares also jump. Energy stocks (XLE +1.9%) also rise after yesterday's 3% loss.
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  • Oct. 10, 2011, 11:15 AM
    Dollar weakness sends West Texas crude +3.5% to $85.84/barrel, sparked by the possibility of more eurozone stability and Saudi Arabia's statement that it is unlikely to raise oil output capacity. "A favorable set of fundamentals" supports crude now, a strategist says, returning dollars to riskier assets. Energy stocks (XLE +4%) zoom higher: VLO +6.4%, BHI +5.3%.
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  • Aug. 19, 2011, 10:35 AM
    Stock indexes all turn positive, including the Dow, which had been anchored lower by Hewlett-Packard's (HPQ -20.6%) dismal day: Dow +11, S&P +6.5, Nasdaq +22.5. Sector strength is noted in energy (XLE +0.8%), as the dollar index slumps and crude perks up; financials (XLF +0.2%), materials (XLB +0.9%) and consumer discretionaries (XLY +1%) also bounce back.
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  • Jul. 7, 2011, 10:47 AM
    Energy stocks (XLE +1.2%) are among the morning's top gainers, as oil futures jump past $98 after the upbeat employment report from ADP. At least one oil analyst stays bullish: "There's just a general sense of optimism in the market." Gainers: CVX +2.2%, APA +1.9%, CNX +2.8%, XOM +1.7%.
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  • Jul. 5, 2011, 10:58 AM
    Williams Cos. (WMB -0.6%) may raise its bid for Southern Union (SUG +2.8%) after Energy Transfer Equity's (ETE +0.2%) latest $40/share offer, Tudor Pickering analysts say. The deal talk, plus a ~1.5% rise in crude oil prices and other news (I, II) send energy shares (XLE +0.9%) broadly higher. Not participating: XOM, -0.2% after its Yellowstone spill.
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  • Jun. 23, 2011, 2:10 PM
    Airline stocks (FAA +1.6%) lead today's market gainers by far, as lower oil prices reduce airlines' cost of doing business. On the flip side, energy shares (XLE -2.2%) are still down precipitously. Airlines: LUV +2.4%, DAL +3.1%, UAL +4.3%, ALK +2%, AMR +4.3%, LCC +4.7%.
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  • Jun. 23, 2011, 9:48 AM
    Crude oil futures -4.8% to $90.81 after the IEA announcement to release additional oil into the market. Oil shares (XLE -3.3%) fall more than any other sector, pulling broader market indexes lower. OXY -3.5%, XOM -2.7%, CVX -3.4%, COP -2.7%.
  • May. 24, 2011, 10:14 AM
    With crude oil futures jumping 2%, energy stocks (XLE +2.4%) sprint ahead to take a strong lead in early trading, led by the likes of El Paso (EP +7.4%), Halliburton (HAL +3.2%), Hess (HES +2.5%) and Murphy Oil (MUR +2.9%). Conversely, healthcare stocks (IHF -0.9%) are the weakest sector, dragged down by Medtronic (MDT -3.2%) after its disappointing quarter.
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  • May. 9, 2011, 10:13 AM
    Crude oil (XLE +0.5%) stages a partial rebound following last week's rout, aided by a weaker dollar and a belief that the worst of the declines are over. Energy stocks, particularly oil services (OIH +1.4%), enjoy a bounce: HAL +1.7%, BHI +3.6%, NOV +1.8%, HP +2.1%, EOG +2.1%. Nymex crude +1.9% to $99/barrel.
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XLE vs. ETF Alternatives
XLE Description
The Energy Select Sector SPDR® Fund, before expenses, seeks to closely match the returns and characteristics of the Energy Select Sector Index. Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
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