In Friday’s editorial, TradeSmith focused on oil and why he believes that oil stocks are positioned to perform well. Today, we’ll show you how to find and compare stocks in this sector, as well as some of the best energy stocks to watch.
The energy sector is comprised of stocks that are involved in oil and gas fuels and the equipment necessary to find and process the fuel.
The ETF that TradeSmith has mentioned in the past, XLE, is one of the S&P Select Sector ETFs. XLE contains all of the energy sector stocks in the S&P 500.
It’s easy to set up a Watch list to follow these stocks.
Once we’ve created the new Watch list, we can then add positions to it. We’ll add the top 10 holdings of XLE. These are found on the spdrs.com website under ETFs, US Equities, Sector, then choose the Energy sector.
Here are the top 10 holdings of the energy sector.
To add these to a TradeStops watch list, just click on the portfolio name, click on the green “Add Position” button, and start adding the positions. Since we are not investing actual money in these, we can use the current date as the Entry date, and we can add 0 shares.
We’ll want to click the “Save and Add More” button until all 10 positions have been entered.
You can add as many of the positions that you’d like. There are currently about 34 stocks that make up this sector.
You can do this with any of the sectors or industries that you wish to follow. It’s a great way to keep an eye on a large number of sectors, industries, and stocks at one time.
And when you’re doing your research, you now have it easily available in just one or two clicks.
Here’s to energetic investment portfolios,
Education Director, TradeStops