Yesterday, ExxonMobil (XOM) reported earnings that didn’t do much to excite investors, and today its shares are falling again, making my bearish call from Jan. 14 look better and better. Strategas Research Partners’ Chris Verrone and team note that Exxon–the largest stock in the Energy Select Sector SPDR ETF (XLE) with a 16% weighting–continues to weigh on the energy sector:
Strategas Research Partners
Credit Suisse analystEdward Westlake and team hope for improved financial disclosure from Exxon:
It continues to be a source of annoyance to investors....More>>>