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Stock impact report

Pro On How To Play Oil: Buy The 'Biggest Players' [Yahoo! Finance News]

Exxon Mobil Corporation (XOM) 
Last exxon mobil corporation earnings: 5/1 07:34 am Check Earnings Report
US:NYSE Investor Relations: ir.exxonmobil.com
OilWhat HappenedValue investors are facing an ideal opportunity as the energy sector once accounted for 70% of the entire S&P 500 index when oil was around $100 a barrel, BK Asset Management managing director of FX strategy Boris Schlossberg said on CNBC's "Trading Nation." Today, that representation amounts to just 3%.This "perfect mean reversion trade" would only work best by purchasing shares of the "biggest players," he said. Names likeExxon Mobil CorporationXOMRoyal Dutch Shell plc ADRRDS-AWhy It's ImportantCompanies like Exxon and Royal Dutch will be in the ideal position to leverage their balance sheets and acquire "assets incredibly cheap," Schlossberg said.The oil sector is "really far from bullish" and investors should consider selling any energy stocks on strength or avoid altogether moving forward, Oppenheimer head of technical analysis Ari Wald said on "Trading Nation."The entire energy sector is coming off its lowest level since 1931 versus the S&P 500, which implies the Show less Read more
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