UCO: 2026 Is The Year Of Oil And These Charts Prove It (Rating Upgrade)
Summarize this article with:
Multiplo Invest2.25K FollowersFollow5ShareSavePlay(7min)CommentsSummaryI am upgrading ProShares Ultra Bloomberg Crude Oil from hold to buy, citing a compelling oil investment thesis for 2026.UCO offers double daily exposure to WTI oil, and oil prices remain historically cheap versus money supply, silver, and tech sector valuations.Momentum in energy stocks has lagged other commodities, positioning UCO for significant upside if oil prices surge amid potential geopolitical catalysts.Reduction in geopolitical tension is the primary risk, as it could dampen the anticipated oil price rally and UCO upside. EyeEm Mobile GmbH/iStock via Getty Images Investment Thesis I am raising my recommendation from hold to buy the ProShares Ultra Bloomberg Crude Oil ETF (NYSEARCA:UCO). This article is a continuation of my initial coverage article published onThis article was written byMultiplo Invest2.25K FollowersFollowMore than 5 years of experience in equity analysis in LatAm. We provide our clients with in-depth research and insights to help them make informed investment decisions.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.