$Occidental(OXY)$. There is a reason why this is the media darling. Warren Buffett has invested heavily in it. It has high cash flows and given the high oil prices, it will likely see a strong quarter earnings. This will likely result in a higher dividend. Will I be buying it? Yes. However, I am waiting for the price to weaken till $53 before jumping in. The price now is a little too high given the recent surge.Downside risks include a slowdown in China's economy due to the lockdowns as that would dampen the price and demand of oil. Nonetheless, I remain upbeat about this stock. Will also look at $Exxon Mobil(XOM)$given its robust dividend, which has been rising over the years. It's current dividend rate is about 2% which is decent.
💰 Stocks to watch today?(17 May)
1. What news/movements are worth noting in the market today? Any stocks to watch?
2. What trading opportunities are there? Do you have any plans?
🎁 Make a post here, everyone stands a chance to win Tiger coins!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments