Exxon Mobil’s Q2 Earnings

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Exxon Mobil (NYSE:XOM) Should Bottom Soon but only because crude oil is due to print an intermediate bottom any day now. Exxon has had quite a run-up over the last month and its upcoming Q2 earnings may be used as a profit taking event if the stock doesn’t hit its earnings numbers. Future earnings seem to be priced into Exxon at present. The stock is by no means cheap as it has been supported by investors looking for yield in this space

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