In today’s edition of The Call @ Hedgeye, Energy analyst Fernando Valle discusses the divergent price moves of Exxon Mobil $XOM and Chevron $CVX following Friday’s earnings
reports (and how investors can benefit) with Hedgeye CEO Keith McCullough.
“We think the Street got this a little bit twisted,” explains Valle. “Earnings really don’t matter, but the machines capture earnings moves more than anything else.”
“To get Exxon, not at the lower end of its Range, but closer to it… I mean, that’s great,” added McCullough.
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