S&P 500 stocks Exxon Mobil (XOM), Delta Air Lines (DAL) and Qualcomm (QCOM) along with Dow Jones stock Boeing (BA) and Autoliv (ALV) are in focus this week.
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With the market rally attempting to gain momentum, these stocks have earnings out of the way and give investors exposure options across different industries — including energy, semiconductors and airlines.
The Dow Jones isn’t far from its August and December highs, but has lagged in 2023 easing late in the week. The S&P 500 also declined on Friday.
Overall, industries are mixed with health insurers, oil and gas plays, pharmaceuticals and heavy equipment manufacturers all struggling. However, the tech and growth sectors are performing well in the current market, along with the broad housing, travel and auto sectors.
With the stock market rally already underway for several weeks, the January jobs report surprised many Friday. Nonfarm payrolls increased 517,000 in January, well above the Econoday consensus of 185,000. This comes amid recent layoffs and cost-saving measures being implemented across many sectors.
Earnings will still weigh heavy on the market next week. However, investors should keep an eye on these five stocks, with exposure to S&P 500 stocks and Dow Jones stocks, and the diverse industries they are part of.
S&P 500 Stocks: Exxon Mobil
XOM stock edged up 0.7% to 111.92 on Friday. However, on the week, S&P 500 stock Exxon Mobil dropped 3.2%.
Exxon Mobil stock has formed a flat base and has been trading around the 114.76 buy point. Shares have been tracking with the S&P 500 since late December. XOM shares have found support at the 50-day line and have held up better than many other energy names in recent days, as crude oil, gasoline and natural gas prices tumbled.
In 2022, as the U.S. economy began recovering from the Covid pandemic, Russia invaded Ukraine in February, sending oil, gasoline and natural gas prices soaring for much of the year
S&P 500 stock Exxon Mobil posted mixed fourth-quarter financial results on Tuesday, beating earnings estimates but missing on revenue views….
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