Why Exxon Mobil (XOM) Is Still a Buy Despite Mixed Earnings

Last week we discussed why we considered the energy sector one of our top three sector picks for 2021. We also added America's largest oil company, Exxon Mobil (XOM), to our 'Granny Shots' portfolio. We wanted to focus on a single-stock idea this week from the sector we recommended last week. We believe energy will significantly outperform consensus expectations. Thus, it should be no surprise that we think a massive oil major with the unique advantages and assets that Exxon has, in addition to a high dividend, should do very well if our thesis about the energy sector is correct. Look what happened when the VIX had its biggest three-day collapse ever; energy led the way. That should give you an idea of how it will perform when the market feels the all-clear is given to get ‘risk-on’ when the virus is vanquished.

Why Exxon Mobil (XOM) Is Still a Buy Despite Mixed Earnings
You are trying to access FSI member-only content.
You need to have an active FSI Macro, or FSI Pro subcription in order to read this article.
If you are already a member at FSInsight, please Sign In here. If you don’t have a subscription to FSInsight yet, you can sign up below.

Choose one of our yearly plans to save nearly 20%

We accept crypto via BitPay for yearly subscriptions.
    • Macro
      FSI Macro
      billed anually
      Get access to all the macro research on FSInsight
      • Tom Lee's First Word
      • View from Tom Lee
      • Signal From Noise
      • Portfolio Strategy
      • Technical Analysis
      • Granny Shots – Stock Ideas
      • US Policy
      • Live Conference Calls with Q&A
      First Month Free!
    • Crypto
      FSI Digital Assets
      billed anually
      Get access to all the crypto research on FSInsight
      • Crypto Blasts
      • Tom's Take on Crypto
      • Crypto Weekly Newsletter
      • BitDigest Daily Newsletter
      • Crypto Technical Analysis
      • Benchmark Indices Review
      • Bitcoin Valuation & Misery Indexes
      • Live Conference Calls with Q&A
      First Month Free!
    • Macro + Crypto
      FSI Pro
      billed anually
      Get access to all the exclusive research on FSInsight
      • Looking at code?
      • I am hidden!
      • FSI Macro
      • +
      • FSI Digital Assets
      • Designed by
      • HANGAR115
      • -
      First Month Free!

More from the author

Disclosures (show)

Want to receive Regular Market Updates to your Inbox?

I am your default error :)
FSInsight logo
150 East 52nd St, 3rd Floor, New York, NY 10022

Subscribe to our Free Weekly Report

An insitutional-grade report delivered to your inbox every week.

© 2021 FSInsight. All rights reserved. Developed by HANGAR115.

Illustrations by Karl Wimer.