Buy These Hated Stocks to Cash in on Higher Oil Prices
caseyresearch.com / By Justin Spittler, editor, Casey Daily Dispatch / November 08 2017
Oil stocks are ripping.
The Energy Select Sector SPDR ETF (XLE), which invests in 32 large U.S. oil and gas companies, is up 13% since mid-August. That’s double the S&P 500’s return over the same period.
You can see this big move in the chart below.
The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has done even better.
XOP is another major energy fund. It invests in 64 oil and gas producers.
Below, you can see that it’s up 26% since mid-August. That’s four times the S&P 500’s return over the same period.
The post Buy These Hated Stocks to Cash in on Higher Oil Prices appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/11/08/buy-these-hated-stocks-to-cash-in-on-higher-oil-prices/
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