2024-03-23 07:03:13 ET
Summary
- Energy stocks are in an uptrend and could continue to rise for many years.
- The Energy Select Sector SPDR Fund ETF is a popular way to gain exposure to the energy sector.
- Factors such as Fed easing, refilling the U.S. Strategic Petroleum Reserve, and potential China demand could boost energy prices.
There are a number of reasons why it makes sense to be bullish on energy stocks going forward and to add exposure on any meaningful pullbacks. This sector has been in an uptrend, and while it might be overbought and due for a pullback, the bull run could continue for many years....
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For further details see:
XLE: Very Good News For Energy Stocks, A Buy