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  • Exxon Mobile: Do Record-Breaking Earnings Guarantee Higher Stock Prices?  [View article]
    You are right, it is about expectations. You are also wrong in attributing those expectations to XOM. The expectation is that oil will drop to reflect the recession in the developed nations. That correction may have already been fulfilled, I doubt XOM has been targeted specifically.

    A 5 year chart reveals that XOM has done this before. It went through a sideways motion about 3-4 years ago before moving up to its present sideways motion.
    My expectation is that the next leg up is close.

    The whole energy complex is deeply undervalued. What would start it moving up again without a Iran/Israeli war? Value players.

    The Financial Institutions unloaded the most liquid stocks in their quest for Capital. It is time for other sectors to take similar hits.
    Aug 03 12:26 pm |Rating: 0 0
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