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Shares of Exxon Mobil Corp. rose Wednesday, putting them on track for the longest win streak in 16 months, after J.P. Morgan analyst Phil Gresh turned bullish on the oil giant for the first time, citing an improved financial outlook and more reasonable valuation.
Premium Content How To Play 2021’s First Oil Rally By Alex Kimani - Jan 06, 2021, 7:00 PM CST Oil-and-gas stocks are just coming off one of their most tumultuous years in history. In 2020, the oil and gas sector was hit with a triple-whammy of a senseless price war between two of the largest producers; unprecedented destruction in energy demand and the inexorable march of the clean energy and ESG megatrends. Those factors worked in tandem to condemn the sector to another annus horribilis where it, yet again, emerged as the worst-performing of the U.S.’ 11 market sectors. But t...
Author Bio Matt is a Certified Financial Planner based in South Carolina who has been writing for The Motley Fool since 2012. Matt specializes in writing about bank stocks, REITs, and personal finance, but he loves any investment at the right price. Follow him on Twitter to keep up with his latest work! Follow @TMFMathGuy What happened The S&P 500 rose modestly on Wednesday, with the index up by about 0.5% as of 3:30 p.m. EST. And the financial sector was one of the top performing areas of the market, with the SPDR Financial Select Sector ETF (NYSEMKT:XLF) up by near...
GEâs stock jumps after two Wall Street analysts raise their targets by more than 40% Published: Dec. 15, 2020 at 2:34 p.m. ET By AFP via Getty Images -1.18% climbed 2.5% in afternoon trading, after shedding 4.9% amid a three-session losing streak through Monday. Morgan Stanley analyst Joshua Pokrzywinski reiterated his overweight rating on GE, but bumped up his price target by 41% to $12, which is 8.1% above current levels, from $8.50. Referring to the outlook for recoveries next year in multi-industrial companies, Pokrzywinski said, âThis time is differ...