Hi everyone.
On 13/09/2022, our system had provided a few picks and the results are as below:
SLB – (Buy) – Withdrawn
XOM – (Buy) – Withdrawn
US stocks fell sharply on Tuesday, as a hotter-than-expected US inflation reading boosted speculation that the Fed will have to move even more aggressively to tame runaway price growth. The Dow plunged nearly 1300 points and the S&P 500 fell 4.3%, marking their worst sessions since June 2020, while the Nasdaq 100 plummeted 5.5% for its sharpest decline since March of 2020.
Let’s review our stock picks on Tuesday.
Call for buy for SLB which was withdrawn. Our system withdrew because the price opened with a gap below our EP before trading downwards throughout the market.
Schlumberger Limited provides technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems.
Call for buy for XOM which was withdrawn. Our system withdrew because the price opened with a gap below our EP before trading downwards throughout the market.
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. The company has increased dividends for 39 straight years now. Also, the oil giant’s low breakeven oil price of $41 per barrel means bigger profits as oil prices rise. That’s what investors expect to see from ExxonMobil’s next quarterly earnings report coming up in October, which is why some are buying the oil stock in September while they still can.
Stay tuned for more of our stock picks.
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