Added to YB: 2024-01-23
Pitch date: 2024-01-23
XLE [bullish]
The Select Sector SPDR Trust - State Street Energy Select Sector SPDR ETF
+45.36%
current return
Author Info
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Company Info
The Select Sector SPDR Trust - State Street Energy Select Sector SPDR ETF is an exchange traded fund launched by State Street Global Advisors, Inc.
Market Cap
$36.9B
Pitch Price
$37.96
Price Target
N/A
Dividend
2.63%
EV/EBITDA
N/A
P/E
26.77
EV/Sales
36.59
Sector
Capital Markets
Category
value
Show full summary:
Taking a fresh look at $XLE
XLE unloved: bearish thesis failed to deliver inflation & shortages. Energy most hated sector, record shorts, but US firms financially strong (0.7x debt/EBITDA vs 3x in 2017). Oil vital for growth, mispriced. Geopolitics, election, economic upside = favorable risk/reward.
Read full article (2 min)