FXN News and Press, First Trust Energy AlphaDEX Fund From 07/06/22

As European spot prices for gas break new records, it is becoming clear that natural gas will be one of the major battlefields of the geoeconomic war between Russia and the West. Despite a popular perception that gas exports are a major source of funding for Putin’s war chest, ...

As many countries look to replace Russian energy, the abundance of resources in the US has taken on new importance – for both the US and its allies. The growth in US energy production over the last 10+ years has facilitated a downward trend in imports and a rise in exports, mak...

Recession fears and an accelerated Federal Reserve interest rate hiking trajectory weighed on markets during the second quarter, resulting in the weakest first half performance since 1970. The short end of the yield curve increased dramatically during Q2, with policy interest rates st...

Occidental Petroleum generates a ton of free cash flow at record petroleum prices. The company could achieve between $12-13B in free cash flow in FY 2022. Occidental Petroleum’s balance sheet strength is set to improve as free cash flow is used to repay debt. Petroleum ...

Commodities prices have spiked as demand from the restart clashed with tightening supply. We see the war and net-zero transition keeping prices high. U.S. and euro area inflation data last week showed still-persistent inflation. Stocks and bond yields fell as markets priced more risk ...

Once the COVID distortions are over the economy will return to its previous state of roughly 2% growth and 2% inflation. Real sales of durable goods surged throughout COVID but accelerated rapidly with stimulus payments; sales peaked right as Biden’s American Rescue Act was imp...

With the pullback in energy stocks, we think it is prudent to again nibble on some of the best names, including DVN. The company can continue to cut cash outflows by retiring debt and buying back shares, with $100-200 million we can easily identify at today's prices and with the curre...

We are nowhere near demand destruction for oil and gas. Blackouts, brownouts, surging prices are crashing the green energy narrative. Interestingly, people like electricity and get really grumpy when its not there. We think a golden age of renewal for non-renewables is about to be...

The transition towards a decarbonized economy is underway. It will involve a massive reallocation of resources. Economies will be reshaped as carbon emissions are cut, inevitably impacting portfolios. A possible acceleration from the current path, plus repricing that could have furthe...

The income potential of variable income entities is best realized when these vehicles are purchased near industry bottoms. There is a base dividend that is likely to grow and be maintained throughout the cycle. The base dividend will be attractive to income investors when the stoc...