Exxon Mobil Corp
Dividend Lineup: $XOM $528, $INTC $82, $WFC $75, $SBUX $50. Great men of the past have always loved DIVIDENDS. “Do you know the only thing that gives me pleasure? It’s to see my dividends coming in.” ~JD. Rockefeller~ 1839 - 1937. Are you receiving any dividend next month?
Small market cap company, only 255M. This will be where the real money is made, in these tiny companies. Think of it this way, for a double to occur in this company, only 255M capital influx is needed. Compare that to something like OXY or XOM with multi billion dollar market caps.
Energy, Financial, and Semiconductors were all down today, and up day. Here is my best reasoning, feel free to correct me: #Energy Oil producers started pumping harder when they learned they could get $140 for a barrel of oil. They have all pumped so hard and so fst, that there is a lot of extra oil sloshing around now. Will go sub-100 tomorrow, and XOM and friends will continue to go Down. #Semiconductors It's becoming quite clear to everyone, that two chip manufacturers in Taiwan are the main bottleneck holding up production of almost every modern product. It's been three years and I still cannot buy a PS5. And unless government start investing in Gigafactory-scale infrastructure to make more and better chips, the bottleneck will continue to stay in place. These will also stay red. #Financial Someone's just being a jerk. Banks are making money shooting up inside every orifice as they fuck every human on Earth. Late fees, overdraft fees, business checking at $45 per transaction. Consumer Credit cards offered at 5 percent... .... OOPS YOU MISSED A PAYMENT I MEANT 24 PERCENT. Banks will go UP into the green tomorrow, someone was just being a jerk today.
Bear case: Fracking increased supply, lowering prices and causing earnings to shrink. Between the near-term threat of oversupply and the long term threat of electrification due to global warming, the long term prospects for oil companies are dim. Bull case: I own some oil and am not selling because "long term" is at least 10 years away and $CVX and $XOM have been largely responsible for my portfolio outperforming the S&P 500 over the past 6 months.
80ish positions, i do a lot of this for entertainment and most positions are 1% or less, backbone of my portfolio is in 8ish mutual funds, I have 1 inverse ETF, the rest is individual names. I add almost daily, start small positions and add or close after a few quarters. Breakdown is 30-40% healthcare(10% in cvs since the $50s), 10-15% "growth & biotech"--been buying/adding aggressively over the past month, 5-10% REITS & VLO/XOM since 2020, 5% Indian & chinese stocks, rest in blue chips/dividend kings not in healthcare, some gold stocks, rare earth metals. Just messed around with Revlon at .5%% of my account, building my cash position for the paradigm changing crash that is being proclaimed on every finance platform, since I went balls deep over the past 2-3months. Just checked my 401k which is 100% large cap/tech and it's down 33% ytd, my brokerage account described above is down 17% ytd, ..... so far, but we'll see what happens with this crash that is coming and will completely change everything and make stocks worthless.
>I'm not the biggest fan of Ben Felix in general, though, as he's prone to posting false clickbait videos to YouTube, e.g. on supposed "dividend irrelevance". So you don't like his videos because you simply don't like them? That's insightful. He uses an evidence based approach to investing and you use your feelings. I wonder who's right? He explains why dividends are irrelevant, but I guess you just don't like to listen or read? The market is efficient enough to price in dividend distributions. Companies like XOM or V would be worth way more if they don't issue any dividends. Dividends are also taxed twice. Warren Buffet knows all of this. "A great company may or may not pay dividends." But some rando reddit professional like you knows better right? Investing in a company solely based on dividends will most likely lead to underperformance.
unfortunately, I think you are probably correct. However, I remain hopeful that the summer vacation season will stiffen up oil prices in the next couple of months. My XOM calls are for Aug, so I might still be able to save them.
You missed the main move, and any weakness in the economy (recession talk, etc.) Will push the crude price lower. But if you buy some 3 year leaps you will have multiple good exit points. The fundamentals of oil (10 yrs. Lack of investment), Russian sanction results (i.e. commies will be pumping VZ amounts of oil in 3 years, and XOM's Guyana position mean it is poised to absolutely crush it. Short term, though, you have an issue. Oil capitulated at USD -30/BBL in 2020. Been a one way train ever since. So it is well priced now.
That XOM dip 2 hours ago really spooked me out of what would have been my most profitable calls today 😐 which is gonna lead me to holding these others too long to try and make up for it. Smart enough to see it coming, too dumb to settle for small gains.
and record losses 2 years ago. shell had a higher TTM EPS in March 2019, XOM march 2015 (agreed), and as I originally pointed out it was not CVX record quarter nor in 10 years since Dec 2012 had a higher EPS. So again, you are incorrect but I’ll be downvoted anyway because FACTS