Loading...
Loading...
Jon Najarian and Josh Brown shared
on CNBC's Fast Money their expectations for
Exxon Mobil CorporationXOM and
Chevron CorporationCVX ahead of earnings reports.
Jon Najarian thinks that these stocks are attractive because they have great dividend yields. The solar sector is a good indicator for him that it is safe to buy energy stocks. He doesn't expect them to trade lower as all the bad news are priced in already.
Josh Brown said that crude oil is 17 percent below where it was the last time these companies reported earnings. He agrees that the dividends are great, but these yields should go higher in his opinion. Especially for
Exxon Mobil Corporation, whose dividend yield should be above 3.5 percent. The stock may not bottom until the dividend reaches 3.5 percent, added Brown.
Chevron Corporation's posted negative year over year growth in six of the last eight quarters and Brown thinks that there is no reason to buy right now.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in