Exxon Mobil: Bumpy Short Term, But Not A Catastrophe (NYSE:XOM) 2020/10/13 19:54:17 Seeking Alpha
Exxon's chart pattern and momentum picture remain bearish. However, tremendous underlying value is coming into view for long-term investors.
Wall Street October Survey: Most Expect A Contested Election, February Vaccine And W-Shaped Recovery 2020/10/13 19:30:11 Zero Hedge
Wall Street October Survey: Most Expect A Contested Election, February Vaccine And W-Shaped Recovery Tyler Durden Tue, 10/13/2020 - 15:30 Today Bank of America released its latest Fund Mangers Report, which is perhaps best known for capturing the sheer schizophrenia gripping Wall Street professionals (case in point, last month a record majority of respondents said "Long US Tech" was the most crowded trade on Wall Street, even as most professionals admitted to flooding into Long US Tech trades). So what is the take home message from the latest survey of 224 pangelists managing some $624 billion in AUM? First and foremost, last month's consensus that the current recovery is U-shaped (a view held by 32% of respondents in September) giving way to a majority view that the recovery will be a bumpy, double-dip, or W-shaped, held by 30% of respondents while the U-shaped crowd drops to 29%. Meanwhile the V-shaped optimists are far back in 3rd place with just 19% of the responses. Alas, this question has now become a running joke where the answers are entirely dependent only on the market's last up or downtick: as a reminder back in May it was nearly consensus that the Fed-inspired ramp in stocks was a bull market rally, while the U and W-shaped crowd was lumped into one category.
Exxon Mobil tracks higher after Goldman Sachs upgrade (NYSE:XOM) 2020/10/13 13:21:47 Seeking Alpha
Goldman Sachs lifts Exxon Mobil (NYSE:XOM) to a Neutral rating after having it slotted at Underperform. The firm thinks some risks are now priced into Exxo
MORGAN STANLEY: Buy these 44 cheap stocks poised to surge as the economy continues to recover and reopening expands. 2020/10/13 12:05:00 Business Insider
Summary List Placement Seven months into the coronavirus pandemic, questions still remain around whether the economy is still headed for a V-shaped recovery. Morgan Stanley's equity strategy team think it's a firm "yes." Newly released economic data including expanding global purchasing-manager indexes, rising retail sales in the US and Europe, increasing global trade volume, and decreasing inventory levels are all pointing to an ongoing economic rebound, Morgan Stanley said in a Friday research note. However, it is the strength of the US consumer that cements the equity strategy team's view on the "intact" recovery, wrote strategist Adam Virgadamo, noting that "US household personal income already reached 2% above pre-COVID levels in August." Further driving the recovery will be the efficacy data from three coronavirus vaccine candidates in November. Under "operation warp speed," the US government has purchased hundreds of millions of COVID-19 vaccine doses from Pfizer, Moderna, AstraZeneca, Sanofi/GSK, and Novavax. "Companies have been ramping production capacity such that hundreds of millions of doses could be available in the US within this time frame (each vaccination requires 2 doses to be effective)," said Virgadamo.
Billionaire Carl Icahn Is Bullish On Oil Stocks; Should You Be Too? 2020/10/13 00:00:00 Investing.com
Stocks Analysis by Investing.com (Haris Anwar/Investing.com) covering: S&P 500, Chevron Corp, SPDR S&P 500, Exxon Mobil Corp. Read Investing.com (Haris Anwar/Investing.com)'s latest article on Investing.com