This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

7 Stocks Cheering the Keystone Pipeline's Demise

ExxonMobil (XOM - Get Report)

Description: Exxon is the world's largest-publicly traded multinational oil and gas company. This oil major operates in most parts of the world, with oil and gas exploration projects in six continents.

Potential Upside in 2012: Approximately 10%, according to Todd Horwitz, chief trading strategist at the Adam Mesh Trading Group.

Stock Price (Jan. 23 Close): $87.47

TheStreet Ratings Grade: Buy. TheStreet Ratings team cautions that Exxon wasn't able to grow at a faster pace than its industry peers in the third quarter, despite a big increase in sales and net income. Still, stockholders' equity increased 7.52% in the period from the same time last year.

Horwitz's View: As one of the biggest names in the oil industry, Exxon, says Horwitz, could benefit from big stumbling blocks for Keystone. Horwitz says that Exxon, like many other oil companies, continues to be able to take advantage of the volatile oil prices that come from too much dependence on unreliable oil sources in the Middle East. But "if you bring it in from Canada -- although the oil is a little dirtier -- there would be more of a standard price point," Horwitz says of this friendly business partner of the U.S. In this type of situation, these bigger oil companies wouldn't be able to take advantage of an "underlying, hidden price factor."

Horwitz notes that Exxon, as a very heavily traded stock, would probably be less susceptible to sharp price spikes.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player
5 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
HEK $0.00 0.00%
EPB $44.10 2.44%
BRK.A $205,344.00 0.00%
BRK.B $135.74 0.00%
CLR $30.88 0.00%

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs