Exxon Mobil Corporation Common Stock (XOM) Stock Analysis — Latest Investor Quotes & Trade Calls

Exxon Mobil Momentum Trade Call

+5.89%current return

"Exon Mobile hit a 52-W week high, broke 120. All right, this stock has knocked on that ceiling technical resistance level. Just broke out with crude under 58 a barrel. It's telling me something that this stock has room to run. And then if you're looking for something from a riskreward point of view, this is a good name to be in because my downside risk if it breaks 120 117, I'll get out."

The speaker highlights Exxon Mobil's breakout after hitting a 52-week high and breaking a key resistance level at 120, suggesting a momentum trade. He emphasizes a favorable risk-reward setup by planning to exit if the stock falls to between 117 and 120, indicating a bullish stance on the stock's short-term movement.

Exxon Mobil's Profit Pressure Despite Buybacks

"Now look, they beat their estimate. They're talking about starting up a series of good big projects. Talking about completing $20 billion of share repurchases, but it does look like the weak pricing really hurt their profit in the third quarter. Those shares dropping this morning. XOM is your ticker. Down about 1 and a half% this morning, $113 a share."

Exxon Mobil is highlighted as a downside mover. Although the company beat estimates and announced significant share repurchases and projects, weak pricing pressures have negatively impacted profits, resulting in a 1.5% drop in the stock.