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XLE ETF: Energy Stocks Are Booming Again
Don't look now, but the energy sector is heating up again, with the Energy Select Sector SPDR Fund (NYSEARCA:XLE) creeping up 16% year-to-date to break out to a new 52-week high. I'm bullish on XLE based on the momentum in the energy sector, its portfolio of highly rated energy stocks, and the relatively cheap valuations of these holdings, even given the strong performance in 2024. I am also bullish on XLE because of its cost-effective expense ratio and 3% dividend yield. Favorable S
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