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Energy Select Sector SPDR ETF (XLE)

  • 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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  • Apr. 25, 2011, 8:21 AM
    Believing high oil prices are the result of "fear and speculation," OPEC is not likely to change production targets at its June meeting. "There is no good reason for prices to be where they are right now ... the market is oversupplied and demand is not that strong," says a delegate.
  • Apr. 21, 2011, 3:20 PM
    Maybe a bit more plausible than speculators, Stuart Staniford argues "evidence points in the direction of Saudi Arabia being unable to raise production much if at all in the near term." With cutbacks from Libya and demand still strong, oil could have a lot farther to go.
  • Apr. 20, 2011, 12:13 PM
    The IEA is issuing warnings and there is chatter about a bit of a slowdown at U.S. gas stations, but, says Jeff Rubin, there is no evidence of demand destruction for oil in the places that have been driving its growth. Expect new records before economies tip into recession and really cut demand.
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  • Apr. 19, 2011, 9:48 AM
    The crude oil market is paying little attention to a weekend statement from oil minister Ali Naimi that Saudi production has been cut nearly 10% since February. This will cause the lowest level of OPEC output since the world economy was at a standstill 2 years ago, and gives truth to ideas that Saudi production overcapacity is a myth.
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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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