Saturday, April 29, 2006

Exxon not that big in market's eye

For all the uproar from the ever corporate-bashing segment of the American leftist interest groups you would think Exxon was delivering more to the owners of this stock than it has lately. Yes, record profits continue for the company amid high crude oil prices and domestic refining bottlenecks...but investors holding XOM could hardly be making "outrageous" returns on Exxon in the first quarter of 2006. Indeed, the stock is basically performing on par with the S&P 500. The Stock Trends 13-week Relative Strength Indicator for XOM is 101. Big corporate profits are not enough sometimes. The scale may be there, but the market thinks XOM's potential is not atmospheric.
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