Investing Ideas

Exxon Mobil Shows Strength Compared To The S&P 500: Here's What's Going On

Exxon Mobil Corporation (XOM) is beginning on a period of production growth.

The management goal to double cash flow is finally becoming apparent to shareholders. Investors can bet on more growth after that. Management is exploring for more large projects that "move the needle" to add to ones already discovered.

On Tuesday, Exxon and Chevron Corporation (CVX) announced a decision to focus on their projects in the Americas this year, and pull back from projects overseas. The two oil giants also say they have plans to expand into new businesses providing low-carbon technologies to other companies, as much of the world continues to move towards greener energy.

From a technical standpoint, Exxon has been trading in an ascending channel pattern since Dec. 6, making higher lows and higher highs between two parallel trendlines. The pattern is bullish for the short term but can be bearish down the road. On Thursday, Exxon bounced up from the lower trendline of the ascending channel pattern and stalled at the median line of the formation. The median line of the channel coincides with the 50-day simple moving average (SMA), which also acts as resistance.


China's Population is Shrinking. The Impact Will be Felt around the World

China may be one step closer to losing its place as the world's most populous country to India after its population shrank for the first time since the 1960s.

Investing Ideas

Bitcoin Roars Past $20k in Surprise Surge. Can the Rally Last?

Crypto investors have been starved for good news for months, and late on Friday they finally got some: Bitcoin unexpectedly soared past the $20,000 mark for the first time since the calamitous implosion of the FTX exchange last November.

Investing Ideas

NVidia (NVDA) Upgrading GeForce Now In 2023 — Rtx 4080 Gpus Bring 4k Gaming

As of January 2023, NVIDIA reports that over 25 million users have tried the GeForce Now service.