Exxon Mobil Corp
‘Dividend aristocrats’: Strategists name high-yielding stocks to ride out a bear market
U.S. stocks fell into bear market territory last month — and the wild swings since have made it hard to predict where the market is going next. The S & P 500 logged its worst performance in 50 years during the first half of this year, as it tumbled nearly 20%, and the Nasdaq is […]
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Stocks making the biggest moves midday: Oil stocks, Ford, Crocs and more
Check out the companies making headlines in midday trading. Ford Motor — Shares of the carmaker dropped 1% and hit a new 52-week low after the company reported a slight increase in new vehicle sales for the second quarter that missed automotive analysts’ expectations. The company said sales rose 1.8% to 483,688 new vehicles in […]
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Stocks making the biggest moves premarket: Tesla, Occidental Petroleum, Exxon Mobil and more
Check out the companies making headlines before the bell: Tesla (TSLA) – Tesla delivered 254,695 vehicles during the second quarter, down 17.9% from the first quarter and below what analysts had predicted. China’s Covid-19 shutdowns were a key factor in holding back production. Tesla fell 1% in premarket trading. Occidental Petroleum (OXY) – Occidental gained […]
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Elon Musk is smart — but he doesn’t understand ESG, tech CEO says
In May, electric-vehicle maker Tesla was removed from the S&P 500’s ESG Index. In response, CEO Elon Musk tweeted that ESG was “a scam” that had been “been weaponized by phony social justice warriors.” Jim Watson | AFP | Getty Images Tesla chief Elon Musk may have misunderstood the meaning behind ESG (environmental, social, and […]
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UBS says this economy is going through ‘slowflation’ and gives stocks to play it
UBS believes the U.S. is about to enter a period of “slowflation,” not stagflation. The investment bank said in a note Tuesday that it sees the economy entering a slowflation period in the next 12 to 36 months. Unlike stagflation periods that are characterized by stagnant economic growth and high inflation, slowflation periods are marked […]
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Buffett keeps buying more Occidental. Here’s the buy the dip case for energy stocks
Energy stocks have come under withering pressure in June amid a broader market rout and mounting recession fears, and Berkshire Hathaway’s Warren Buffett is among those buying the dip. The conglomerate bought an additional $44 million in Occidental stock on June 23, according to a filing with the Securities and Exchange Commission. The purchase brings […]
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5 things to know before the stock market opens Monday
Here are the most important news items that investors need to start their trading day: 1. Stocks look to build off last week’s rebound A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 22, 2022. Brendan Mcdermid | Reuters U.S. stock futures rose before the […]
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Exxon Mobil CEO cautions against an abrupt energy transition, warning underinvestment leads to high gas prices
Exxon Mobil CEO Darren Woods warns that an abrupt transition to renewable energy will cause society to “pay a high price.” The national average price for a gallon of gasoline is currently nearly $5, causing strife for all drivers, according to AAA. In an interview with CNBC’s David Faber, Woods cautioned against a government policy […]
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Goldman analysts love these stocks, but the rest of Wall Street not so much
The stock market has fallen more than many Wall Street experts expected this year, so some investors are looking for less conventional, more contrarian ideas. Goldman Sachs’ Deep Mehta compiled a list of stocks that Goldman analysts rate a buy while more than half of all other Wall Street analysts do not. “These names appear […]
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Exxon Mobil is at a crossroads as climate crisis spurs clean energy transition
Exxon Mobil is one of the most consequential and profitable companies in U.S. history. For more than a hundred years, the company’s oil and gas have helped power the global economy. But the Exxon Mobil of today faces the seemingly opposing priorities of supplying the world with abundant energy and also drastically reducing its carbon […]
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