![]() ![]() The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. Of course, that also depends on what happens in the latest war. Last trading at $145.24, I’d like to see it again challenge overhead resistance around $152.50. Analysts' consensus recommendation: 2.06 (Buy) Analysts' ratings: 7 Strong Buy, 5 Buy, 5 Hold, 0 Sell, 1 Strong Sell. At the moment, some of its key holdings include Callon Petroleum (NYSE: CPE), SM Energy Company (NYSE: SM), Devon Energy, EOG Resources (NYSE: EOG), and ConocoPhillips (NYSE: COP).Īfter dropping from about $152.50 to $135, the XOP ETF caught strong support and is just starting to pivot higher. With an expense ratio of 0.35%, the ETF provides exposure to the oil and gas exploration and production segment of the market. If you’d rather diversify – at less cost – there are ETFs such as the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA: XOP). If a company doesnt do well or falls out of. Here are six risky stocks with the potential to become 10-baggers in 10 years. But there are no guarantees of profits when you buy stock, which makes stock one of the most risky investments. We should see a similar payout again soon. Youll need to post gains of 26 per year to do that. In September, XOM paid out a 91-cent dividend. XOM also carries a dividend yield of 3.3% at the moment. We also have to consider OPEC wants to stabilize crude around $90 a barrel – which should bode well for XOM as well. This fact bodes well for the companys long-term outlook. The company began as an online textbook rental company. Now, Nvidia isnt exactly a pure-play AI stock, but it is expected to be a pillar of the global AI architecture. It also expects to see operating profits of between $8.3 billion and $ 11.4 billion, as compared to expectations for $9.2 billion. Chegg (NYSE: CHGG) is another of the growth stocks to buy with a high valuation and a big opportunity. Outside of the war, Exxon just said oil prices could boost its upstream earnings by $900 million to $1.3 billion in the third quarter. ![]() sanctions on Iranian crude exports could jolt the market, too. We also have to consider that potential U.S. ![]() Bank of America raised its target to $150 from $145. TD Cowen, for example, raised its target to $110 from $107. Helping, analysts have been raising their price targets. In fact, from its current price of $110.92, I’d like to see XOM initially refill its bearish gap at $116. After diving from about $120 to $106, Exxon Mobil (NYSE: XOM) is just starting to pivot higher. Tesla (NASDAQ: TSLA) often tops the list of most-trending stocks, and its relevance has been amplified more than ever following the doubling of its stock value this year. ![]()
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