There’s a Huge Buying Opportunity in Energy...

Big oil stands to benefit. [Jeff Clark's Market Minute]( There’s a Huge Buying Opportunity in Energy… By Jeff Clark, editor, Market Minute “Drill baby drill” is the rallying cry of one of the presidential candidates. The other candidate has recently come out in favor of fracking. So, no matter who wins in November, if we can believe the statements of politicians (admittedly, a big IF), then Big Oil stands to benefit. That means the recent selloff in the oil sector could be a huge buying opportunity. Oil stocks have been among the worst performers in the stock market this year. Chevron (CVX), for example, is trading lower than where it was at the start of 2024. Warren Buffett’s favorite oil stock, Occidental Petroleum (OXY) is down 9% for the year. And, the oil services sector (OIH) closed Wednesday at its lowest price for 2024. To put it simply, the oil sector is a mess. Recommended Link [Aerial Footage of Jeff Bezos’s Next Trillion Dollar Bet]( [image]( Located 30 miles from Baltimore – Jeff Bezos has been quietly investing in one tiny company that’s ground zero of a tech revolution that could change everything. Bank of America said the technology would be, “Bigger than fire and bigger than all the revolutions that humanity has seen.” [And for investors who get in now profits could be massive – click here for full story.]( -- But, it was a mess before the last presidential election as well. The Energy Select Sector Fund (XLE) had declined from $50 per share at the start of 2020 to less than $25 per share just before election day in November. It rallied back to $50 per share by July 2021. That’s a 100% gain in eight months on a Big Oil ETF – following the election of President Biden, who is arguably an anti-Big Oil president. Of course, the oil stocks have been under pressure lately because the price of oil has been declining. China isn’t using as much oil as it did previously. The United States seems to be on the brink of a recession. So, the price of oil has dipped as the demand for the gooey black stuff has fallen. Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. Not surprisingly, oil stocks have fallen along with the price of oil. But, we’re reaching the point where the decline in the oil sector is discounting the worst of all possible outcomes. Many of the big oil stocks are trading at historically low fundamental valuations. And, they’re deeply oversold on a technical basis. This is the epitome of a low-risk/high-reward setup. Traders should be looking to add exposure to the energy sector on any weakness ahead of the U.S. presidential election. Best regards and good trading, [Signature] Jeff Clark Editor, Market Minute P.S. If you want to know what else I see shaping up for the markets ahead of the U.S. presidential elections… you should check out my [recent interview here](. Like I mentioned in [my last video]( my publisher isn’t promoting this idea. But it’s my job to make sure you’re informed. [Jeff Clark's Market Minute]( Jeff Clark Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.jeffclarktrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Jeff Clark Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-800-752-0820, Mon–Fri, 9am–7pm ET, or email us [here](mailto:contactus@jeffclarktrader.com). © 2024 Omnia Research, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Omnia Research, LLC. [Privacy Policy]( | [Terms of Use](