Just like Greg mentioned the integrateds are susceptible to refinery margins. XOM just fed what was already in the works... rotation out of oil and ag and and commodities and into where...?
Financials, Tech, Housing, at least for now. The money has to go somewhere. Man does it pay to know your sectors...
Barring something unexpected the trend in oil should continue... though it may pause a bit if CVX does better than its big bad competitor.
There are many stocks on my watch list. Look for earnings coming up on great stocks that have been beaten up too much...
This blog is for informational purposes only. It does not give investment advice.
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