👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024. Which stocks will surge next?Exxon boasts a strong financial position, potentially mitigating risks from rising interest rates.In 2024, invest like the big funds from the comfort of your home with our AI-powered ProPicks stock selection tool.
Therefore, barring a major escalation in the conflict, oil prices are expected to remain stable around current levels. This stability, coupled with existing high prices, should translate positively into the stock valuations of ExxonMobil and Chevron.Analysts are bracing for Chevron's earnings report with a dose of caution. Downward revisions outnumber upward ones, painting a moderately pessimistic picture of their expectations.
This strong financial health is particularly crucial in the current environment of rising interest rates, as the Federal Reserve is expected to maintain its restrictive monetary policy until at least September.This combination of a strong balance sheet and potentially sustained high oil prices creates a positive outlook for ExxonMobil's stock price.
Source: News Formal (newsformal.com)
Exxon Mobil Corp Brent Oil Futures Crude Oil WTI Futures
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