A new commodity cycle is approaching for energy stocks; leading the way in this momentum gauge is the Energy Select Sector SPDR Fund (ARCA:XLE). The exchange-traded fund (ETF) outperformed the broader S&P 500 by 2% in the past quarter. While not much to speak of, this performance gap may show the beginning of a new trend that could last much longer.
Energy stocks have gotten off to a blistering start to 2024. The average energy stock has gained more than 12.5%, as measured by the Energy Select Sector SPDR…
Explore the best energy stock picks on the back of Morgan Stanley's optimistic outlook The surge in AI and Big Tech continues capturing widespread attention,…