5 Stock Picks to Beat the Market Slump

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1. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 72

Year-to-Date Price Gains: 34.95%

Exxon Mobil Corporation (NYSE:XOM) is an energy company working to explore for and produce crude oil and natural gas. The company operates in the US and internationally.

An Overweight rating was reiterated on Exxon Mobil Corporation (NYSE:XOM) shares on September 12 by analyst Ryan Todd at Piper Sandler. The analyst also placed a $108 price target on the stock.

Exxon Mobil Corporation (NYSE:XOM) has risen 47% from the start of 2022 till September. The company’s earnings also soared by 276% in the second quarter, while its sales went up by 70%.

Exxon Mobil Corporation (NYSE:XOM) had 72 hedge funds long its stock in the second quarter. Their total stake value was $7.4 billion.

See also 15 Largest FMCG Companies in the World and 10 Best Auto Stocks to Buy Now.

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