Megacap stocks -- those with market capitalizations of $200 billion and up -- have hit the skids enough this year to finally become attractive again. Read More...
Reuters
Exxon Mobil shares surge to record intraday high
HOUSTON (Reuters) -Exxon Mobil Corp shares passed their all-time high on Friday as oil prices resumed their climb and analysts raised their long-term views of top U.S. oil producer’s cash flow and earnings outlook. Exxon is leading a parade of record profits among oil majors this year after doubling down on oil during the pandemic, when energy prices fell to a two-decade low and European oil majors slashed spending and moved further to renewable projects. The rally comes as vindication for Chief Executive Darren Woods, who as oil prices fell in 2020 decided to “lean in” to oil investments.
