Get ready to buy “big oil.”
The energy sector lagged the broad stock market in 2024. The Energy Select Sector Fund (XLE) gained 6% versus the 23% return of the S&P 500. So, most folks don’t have energy stocks on their radar for 2025.
But the Bullish Percent Index for the energy sector (BPENER) is on the verge of generating a buy signal. And, if this signal plays out similarly to previous buy signals, then oil stocks could play a big game of “catch up.”
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