IXC / IXC: 20% Free Cash Flow Yield Too High To Ignore

For investors seeking momentum, iShares Global Energy ETF IXC is probably on radar. The fund just hit a 52-week high and is up 31% from its 52-week lo more_horizontal

The Energy, Consumer Non-cyclicals, and Healthcare sectors each earn an attractive-or-better rating at the start of 3Q23, based on the aggregation of more_horizontal

I evaluate the iShares Global Energy ETF as a potential investment option at its current market price. I continue to own this passively managed sector more_horizontal

In our discussion of IXC, we want to identify a new speculative factor that interacts in an important way with oil prices through OPEC supply decision more_horizontal

I turned cautious on Energy when March got underway. Even with that backdrop, I'm surprised how quickly (and by how much) the sector has dropped. The more_horizontal

Oil stocks remain near all-time highs despite the significant decline in oil prices seen over recent months, which suggest near-term caution towards t more_horizontal

Energy is a strategic investment right now as it relates to the Ukraine war. No more flaring for shale oil producers, because gas is the hottest commo more_horizontal

I am reducing my positions in the Energy Sector Select SPDR in favor of the iShares Global Energy ETF as the latter trades at much more attractive val more_horizontal