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By Pete Johnson
Energy stocks are the talk of the town again after losing over 14% last week. After gaining over 70% in 2022, the Energy Select Sector SPDR Fund (NYSEARCA:XLE) was close to
Buying The Dip In XLE Stock? Here's What You Need To Know
Summary
- After gaining over 70% in 2022, the Energy Select Sector SPDR Fund was close to the last safe spot for investors.
- Gas futures are up over 100% from last year, and prices at the pump are right below all-time highs.
- In the long run, the direction many nations are heading is clear. To meet their climate goals, many leaders are investing in renewable energy.
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