Playing Oil Ahead of Earnings
ExxonMobil (XOM), the world's largest oil company, releases quarterly earnings before the bell on Thursday. That leaves investors with only one day to make their move. What is it?
Eric Bolling says BP plc (BP) missed on earnings today and he sees that as a signal. He says stay away from big oil because they can’t keep up with production.
Guy Adami agrees: XOM has run its course, he says.
Both Jeff Macke and Tim Strazzini agree with Guy.
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On APR 24, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:
Strazzini Owns (JBLU), (SNDK), (T)
Bolling Owns (XOM), Gold, Silver, Corn, Natural Gas, Is Short Soybeans