Energy Select Sector SPDR Fund: Time To Buy This ETF

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About: Energy Select Sector SPDR ETF (XLE), Includes: COP, CVX, EOG, KMI, MPC, OXY, PSX, SLB, VLO, XOM
by: Ploutos Investing
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Ploutos Investing
Dividend growth investing, growth at reasonable price, value, long-term horizon
Summary

Energy Select Sector SPDR Fund has not performed well in the past year due to global uncertainties and weak demand forecast.

However, stocks in XLE’s portfolio are stocks with moats and have generates excessive cash flows from its operations.

A re-acceleration of the global economic growth in 2020 should help lift XLE's fund price.

ETF Overview

Energy Select Sector SPDR Fund (XLE) owns a portfolio of giant and large-cap U.S. stocks in the energy sector. The ETF invests in energy stocks in the S&P 500 Index. The