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Stock impact report

Furious Rebound in $2 Billion Energy ETF Invites Skeptics [Yahoo! Finance News]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
) -- The rebound in oil after a historic crash drove a surge in ETFs that track energy producers amid skeptical calls from analysts.State Street’s $2 billion SPDR S&P Oil & Gas Exploration & Production ETF, or XOP, has jumped about 40% so far in April -- on track for its best month on record. Meanwhile, the $8.8 billion Energy Select Sector SPDR Fund, or XLE, has climbed almost 20%. Both exchange-traded funds posted steep declines over the previous three months.Oil rose after a collapse on Monday that saw prices in New York plunge below zero for the first time in history. Building optimism over a sector bailout and production cuts beginning in May have buoyed the shares of energy producers, but those actions alone won’t change the outlook for many of those companies struggling with still low oil prices, according to Intelligence.“The cuts are nowhere near sufficient and leverage is too high for some within the group,” said BI analyst Fernando Valle. “At the end of the day, most of th Show less Read more
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