| Oil stocks could gush higher. Last checked, oil was up to $86.16 and running. For one, geopolitical tensions could get explosive. According to The Wall Street Journal, “Israel is preparing for a direct attack from Iran on southern or northern Israel as soon as Friday or Saturday, according to a person familiar with the matter.” They also reported that, “A U.S. official with knowledge of the matter said Thursday that American intelligence reports indicate an Iranian retaliatory strike within days, ‘possibly on Israeli soil’ as opposed to Israeli interests elsewhere.” Should that happen, the U.S. would get involved, and the situation could engulf most of the region. While we hope Iran decides not to attack, the growing possibility is sending oil prices even higher this morning. |
The A.I. story nobody is telling you (Read ASAP)
There’s been a lot of buzz surrounding A.I. over the past year…
Most of it is just hype and speculation.
But there’s one recent A.I. development you NEED to hear about…
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Click here to see Louis’ new video for yourself.
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In addition, according to Bank of America analysts, “We think oil into the summer months will kind of top out at around $95+ a barrel,” as quoted by Yahoo Finance. |
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| ETF: SPDR Energy Select Sector ETF (XLE) With an expense ratio of 0.12%, the XLE ETF provides exposure to companies in the oil, gas and consumable fuel, energy equipment and services industries, as noted by State Street SPDR. Not only does an ETF allow for diversification, you can buy it for less than a single one of its holdings. When we first mentioned the XLE ETF, it traded at around $75. It’s now up to $94.89 and could test $100 at this point. |
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