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Stock impact report

Wall Street Has Given Up on These 3 Stocks, and That's a Huge Mistake [The Motley Fool]

Phillips 66 (PSX) 
Last phillips 66 earnings: 5/1 07:00 am Check Earnings Report
Company Research Source: The Motley Fool
Oil stock? Nobody's traveling. Hotel stock?shopping!I get it. It's obvious why investors have turned their backs onPhillips 66(NYSE:PSXTanger Factory Outlet CentersNYSE:SKTRyman Hospitality PropertiesNYSE:RHPground the economy to a haltThat's why even with stocks having recovered some of their losses -- the 00Time to zig while Wall Street zags. Image source: Getty Images.Sure, there's little doubt that all threeindustriesThe right part of the oil businessAs much as airlines and the cruise industry are in major trouble, there's plenty of reason to point at the oil and gas industry as being the most downtrodden right now. Not only is it dealing with a massive drop in demand as billions of people stay home, but Saudi Arabia's war for market share against Russia and U.S. shale has also sent oil prices down more than 60% in the past three months.Even a pact to reduce output -- word is a group ofstate-controlled producers have agreed to cut production by 0 million barrels per daySo why is P Show less Read more
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