Xle stock forecast traders following the XLE stock

Traders following the XLE stock forecast are watching macro catalysts like Chinese manufacturing PMIs, as stronger demand signals often lift commodity-linked equities. Chevron (NYSE: CVX ) is another Buffett favorite in the oil sector. CVX and OXY were Berkshire’s only buys in the fourth quarter of 2023. Chevron has many of the attributes that Buffett loves, including a solid history of share buybacks and growing dividends to go along with strong free cash flow. Before you consider Energy Select Sector SPDR Fund, you'll want to hear this. Options flow in the XLE stock forecast space has tilted towards bullish call spreads, signaling investor positioning for upside moves.