Exxon Mobil to be Purchased

By on January 4, 2010

Exxon Mobil (XOM) will be added to the SMA Portfolio sometime this week, as proceeds from the buyout of Harvest Energy Trust were received.

XOM was the worst performer in the DJIA last year. It’s a high quality large cap stock that should provide decent total returns as long as oil prices stay firm. Barron’s had a very favorable writeup on XOM several weeks ago.

Source: Barron’s
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One Comment

  1. Dividend Inc. Team

    January 6, 2010 at 5:04 pm

    Greetings Stocksystm,

    XOM is probably a great purchase at this time. I expect that our team will come out with a technical analysis on the company in the next few days supporting your reasons to buy.

    FYI: The site Dividend Inc. is now the New Low Observer at http://www.newlowobserver.com. We're continuing the market analysis of quality Dividend Achievers along with companies that are in the Nasdaq 100. We hope you find our site informative and useful.

    Best regards,

    Touc

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