18, Jun, 2019
Energy just had its best month in years, and one stock could rally even harder

month

The energy trade is burning up. The energy ETF (XLE) just posted its biggest monthly gain since 2015, buoyed by oil’s bestJanuary since 1983. Frank Cappelleri, chief market technician at Instinet, said that kind of advance could fuel an even bigger crude rally which may spill over into energy stocks. […]

Women wearing sunglasses work at a production line manufacturing electric machine parts at a factory in Luan, China November 17, 2018. China said on Thursday its manufacturing activity contracted for the second-straight month in January — another sign that the world’s second-largest economy is slowing down amid domestic headwinds and […]