I received a $130,000 inheritance from my mother. New research casts doubt on rent control as a way to help the poor: ‘Tenants who gained the most from rent control had higher incomes and were more likely to be white’ Is that possible?īiden open to canceling $10,000 in student loans per borrower - what that means for your budget, credit score and tax bill ‘I am a 53-year-old single man with very little savings’: I want to take out a 30-year mortgage, but pay it off in 7 years. ‘One thing that human beings value above all else is our autonomy’: The gloves are off: Elon Musk is the latest CEO to tell workers to return to the officeĪ ‘pinch’ for the stock market but good news for the Fed: What investors need to know about a strong U.S. I think it’s time to really embrace what we have’: Americans get ready for a summer of red-hot inflation I didn’t drink, but his wine added $36 to our bill. Will they cut back on discretionary purchases? Inflation is coming for middle-class households as higher prices hit big-box stores. Exxon Mobil's stock, which is headed for the highest close since September 2014, has run up 61.9% year to date, while Chevron shares have hiked up 51.6% and the S&P 500 has dropped 13.5%. , which Gresh has rated underweight since early-March 2022. He believes investors have given the company only partial credit for this change, particularly when compared with peer Chevron Corp. "With the company now fully shifted towards a mantra of capital discipline and the balance sheet back to a strong position, is in much better shape to return more capital back to shareholders, while still pursing attractive growth opportunities at key assets," Gresh wrote in a note to clients. Morgan reiterated the overweight rating he's had on the oil and gas giant since January 2021, and kept his stock price target at $108, saying the company's "re-rating story still has legs." Gresh said he believes the stock still has room for increased investor interest following the "de-rating" that took place in the 2020 downturn, in which the stock suffered a record yearly decline of 40.9%, given concerns over a heavy debt burden. Crude oil futures rose 1.4% in afternoon trading while natural gas futures advanced 0.5%.
climbed 1.5% toward an 8-year high in afternoon trading Friday, boosted by rising oil and gas prices and an upbeat analyst comment. Exxon Mobil stock rises toward 8-year high after analyst says bullish 're-rating' story still has legs The complete set of release notes can be found at.
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