$XOM

energy had a 10 month win streak  > @mzx9 said: it doesn't make sense that $XOM plunge at the open today

it doesn't make sense that $XOM plunge at the open today

$XOM er today and it's already red

Thursday, July 1, 2021 Futures Up/Down % Last Dow 17.00 0.05% 34,416 S&P 500 0.50 0.01% 4,289 Nasdaq -29.50 0.20% 14,519 Stocks are muted to begin the second half of the year ahead of an OPEC+ meeting and weekly jobless claims data today and the monthly non-farm payrolls jobs report tomorrow morning. The Nasdaq is slipping in pre-market trading, continuing yesterday’s underperformance. Micron shares are also trading down in the pre-market despite its earnings beat and guidance raise after the company raised its capex guidance due to higher input costs and investments in new products. Bitcoin is sliding again over the past 2 days, as it is now valued at about $33,300 despite being above $36,000 on Tuesday afternoon. WTI Crude has also hit $75/barrel for the first time since October 2018 after reports that OPEC+ has reached a preliminary output deal. In Asian markets, The Nikkei Index is off by 84 points, the Shanghai Index has barely budged down 2 points, and the Hang Seng Index is down 166 points. In Europe, the German DAX has edged higher by 19 points, while the FTSE 100 has gained 42 points. Market Closing Prices Yesterday The S&P 500 Index rose 5.52 points, or 0.13%, to 4,297 The Dow Jones Industrial Average climbed 210.29 points, or 0.61%, to 34,502 The Nasdaq Composite dipped -24.38 points, or 0.17%, to 14,504 The Russell 2000 Index inched higher 1.71 points, or 0.07% to 2,310 Economic Calendar: 7:30 AM ET Challenger Layoffs for June 8:30 AM ET Weekly Jobless Claims 8:30 AM ET Continuing Claims 9:45 AM ET Markit Manufacturing PM, June-F 10:00 AM ET Construction Spending for May 10:00 AM ET ISM Manufacturing PMI, for June 10:30 AM ET Weekly EIA Natural Gas Inventory Data Earnings Calendar: Earnings Before the Open: $AYI, $LNN, $MKC, $SMPL, $WBA Earnings After the Close: None Other Key Events: Raymond James Company Meetings at Mobile World Congress (virtual), 6/28-7/1 Macro Up/Down Last Nymex 1.32 75.94 Brent 1.52 74.99 Gold 3.05 1,774 EUR/USD 0.0001 1.1856 JPY/USD 0.47 111.58 10-Year Note +0.031 1.475% Sector News Breakdown Consumer Hertz ($HTZZ) common stock to trade as $HTZZ (from HTZGQ) starting today after emerging from Chapter 11 bankruptcy Bally’s ($BALY) and Gamesys Group shareholders both approved the companies’ proposed business combination McCormick & Co ($MCK) Q2 adj EPS $0.69 vs est $0.61; Q2 revenue $1.56B vs est $1.47B; sees FY21 adj EPS $3.00-$3.05 from prev. $2.97-$3.02; expects to FY21 sales growth 11-13%, 8-10% in constant currency, Energy, Industrials & Materials ExxonMobil ($XOM) sees Q2 earnings gain of $0.6-1B from higher oil price, $200M from higher gas prices, and $800M in chemical margins Apache ($APA) filed mixed securities shelf Enbridge ($ENB) upgraded to Neutral at Goldman Edison International ($EIX) downgraded to Sector Weight from OW at KeyBanc Desktop Metal ($DM) files to sell 2.49M shares of common stock for holders U.S. Department of Defense awarded new contracts to Lockheed Martin ($LMT), Raytheon ($RTX), Mercury Systems ($MRCY), Northrup Grumman ($NOC), L3Harris Technologies ($LHX) MKS Instruments ($MKSI) agreed to acquire Atotech ($ATC) for $5.1 billion in cash in stock, paying $16.20 in cash and 00052 of a share of MKS for each ATC common share. This deal is equivalent to $26.02/share, a 1.9% premium Financials Realty Income (O) started an offering of 7.3M shares Franklin Covey (FC) Q3 EPS $0.90 vs est $0.07, Q3 revenue $58.7M vs est $51.6M; now sees FY21 adj EBITDA $24.5M-$26.5M from prev. range $20M-$22M Healthcare Apellis ($APLS) and Beam Therapeutics ($BEAM) entered into an exclusive research collaboration to apply base editing to discover novel therapies for complement-driven diseases Raymond James initiated coverage on Passage Bio ($PASB) at Outperform with a $29 PT, Agios Pharmaceuticals ($AGIO) at Market Perform, and Vertex Pharmaceuticals ($VRTX) at Market Perform CureVac ($CVAC) said statistical criteria for primary endpoint were met – Phase 2b/3 showed protection in age group 18-60; 48% vaccine efficacy against Covid of any severity across all age groups and 15 variants, 53% against disease of any severity, and 77% against moderate and severe disease. Novavax ($NVAX) published results of its UK Phase 3 clinical trial that demonstrated high levels of efficacy of its Covid-19 vaccine Technology, Media & Telecom Micron ($MU) 3Q adj eps $1.88 vs est. $1.72, gross margin 42.9% vs est. 42.0%; sees 4Q revs $8-8.4B vs est. $7.85B; expects DRAM, NAND supply to remain tight into 2022 Texas Instruments ($TXN) announced it purchased Micron’s (MU) 300-mm semiconductor factory in Lehi, UT for $900M $COHU announced a $100 million debt prepayment that reduces outstanding principal of its term loan B facility to about $104M and is is expected to save about $0.8M in fiscal Q3 interest expense DBV Technologies ($DBVT) filed for stock shelf of up to $250M Shaw Communications ($SJR) Q3 EPS $0.56 vs est $0.28 on revs $1.1B (+18.2% YoY)

1100 $XOM NOV2021 $67.5 Cs trade 2.86-2.87

1100 $XOM NOV2021 $67.5 Cs trade 2.86-2.87

watchlist: $DDOG $XOM $BA $PLBY $ABNB $BYND

3800 $XOM JUL2021 $65 Cs trade 1.49

3800 $XOM JUL2021 $65 Cs trade 1.49

safe to go long $XOM ?

$XOM blasting off

XOM and oil on watch too

$XOM: cup and handle forming, inflation hedge

1001 $XOM JUL2021 $65 Cs trade 1.27

1001 $XOM JUL2021 $65 Cs trade 1.27

$BA, $XOM, $TWTR, $YETI, $LMT - all on watch for the open.

**$XOM - Algo Review** At regular block trade support, algo is curled down and broke trend, if it bounces of the $60.59 block could turn bullish to help pull price back up

$XOM: cup and a cup pattern, lets see if we get a handle

still chilling  > @bunnytoad69 said: @dros you holding those $XOM $62.50 June 18s still ?

@dros you holding those $XOM $62.50 June 18s still ?

$XOM looking good

/*============================================= = Premarket Prep 06/01/21 = =============================================*/ U.S. stock futures looking higher, tracking gains in Europe and Asia ahead of manufacturing data that will give fresh insights into the economic recovery. S&P futures are looking higher after closing out May with its fourth consecutive monthly advance as investors have grown more confident that rising inflation won’t lead central banks to ease monetary policy measures, pushing major indexes back toward all-time highs in recent weeks. Economic data in the form of manufacturing showed strength in both Europe and Asia overnight with ISM data coming at 10:00 AM later this morning. For the week, the S&P rose 1.17%, the Dow added 0.94%, the Nasdaq gained 2.06%. For the month, the S&P rose 0.55%, the Dow added 1.94%, and the Nasdaq shed 1.53%. Stocks gained on Friday as investors considered new economic data on consumer spending, income and inflation alongside stronger-than-expected data reports from earlier this week. In Asian markets, The Nikkei Index fell -45 points to 28.814, the Shanghai Index rose 9 points to 3,624 and the Hang Seng Index jumped 316 points to 29,468. In Europe, the German DAX is up over 220 points to 15,640, while the FTSE 100 rises over 80 points to top 7,100. Market Closing Prices Yesterday The S&P 500 Index gained 3.23 points, or 0.08%, to 4,204.11 The Dow Jones Industrial Average rose 64.81 points, or 0.19%, to 34,529.45 The Nasdaq Composite climbed 12.46 points, or 0.09%, to 13,748.74 The Russell 2000 Index declined -4.10 points, or 0.18% to 2,268.97 Events Calendar for Today 7:45 AM ET ICSC Weekly Retail Sales 8:55 AM ET Johnson/Redbook Weekly Sales 9:45 AM EST Markit Manufacturing PMI, May-F 10:00 AM EST Construction Spending for April 10:00 AM EST ISM Manufacturing PMI, for May 10:30 AM EST Dallas Fed Manufacturing for May Earnings Calendar: Earnings Before the Open: $GHM, $KIRK Earnings After the Close: $AMBA, $APPS, $HPE, $ITI, $MDLA, $OESX, $ZM Other Key Events: Cowen 49th Annual TMT Conference (virtual), 6/1-6/3 Deutsche Bank FinTech and Info Service Conference (virtual), 6/1-6/2 Goldman Sachs 3rd Asia Spotlight Symposium (virtual), 6/1-6/4 Jefferies Global Healthcare Conference, 6/1-6/3 KeyBanc Capital Markets Industrials & Basic Materials Conference (virtual), 6/1-6/4 William Blair 40th Annual Growth Stock Conference (virtual), 6/1-6/3 OPEC+ June meeting Macro Up/Down Last Nymex 1.78 68.10 Brent 1.39 70.71 Gold 0.15 1,907.00 EUR/USD 0.0001 1.2228 JPY/USD 0.03 109.61 10-Year Note +0.028 1.622% World News China’s factory activity expanded at the fastest pace this year in May as domestic and export demand picked up, as the Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) rose to 52.0 last month, the highest level since December and inching up from April’s 51.9. China will allow all couples to have a third child, a surprise move aimed at slowing the nation’s declining birthrate as risks to the economy’s long-term prospects mount because of a rapidly aging population OECD releases U.S. economic forecasts in Paris as PCE 2.6% y/y in 2022; 2.9% y/y in 2021; core PCE 2.6% y/y in 2022; 2.5% y/y in 2021; unemployment rate 4.3% y/y in 2022; 5.6% y/y in 2021 Iran and world powers have started what could be their final negotiations to revive a 2015 nuclear accord that limited the Islamic Republic’s atomic activities in return for sanctions relief. The fifth round of talks has begun in Vienna RBA Rate Decision: Leaves cash rate unchanged at 0.1%, leaves 3Y AGB yield target at 0.1%; RBA won’t increase cash rate until actual inflation is sustainably within 2-3% target range which is unlikely to be 2024 at earliest; a pick-up in inflation/wages is expected but likely to be gradual & modest Sector News Breakdown Consumer AMC Entertainment ($AMC) issued to Mudrick Capital Management, 8.5 mln shares of company’s class a common stock for $230.5 mln Nio ($NIO) said it delivered 6,711 vehicles in May, up 95.3% Y/Y and down 5.5% M/M from April delivery of 7,102 vehicles. Xpeng Inc ($XPEV) said May deliveries jump nearly sixfold as May vehicle deliveries surged 483% to 5,686 units, spurred by record-high demand for XPEV’s P7 sedan Krispy Kreme has filed a Registration Statement on Form S-1 with the SEC relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined Macau’s gaming bureau reported May gross revenue from games of fortune in the region increased 492.2% year-over-year to 10.445B patacas (watch shares of $WYNN, $MLCO, $MGM) Planet Fitness ($PLNT) shares stock could drop 50% after a stunning recovery according to Barron’s as growth slows and the market becomes saturated. Article notes Teton Fund Management, which has shorted the stock, says millions of members will never return to a gym. Dollar General ($DG) and Dollar Tree ($DLTR) reported fiscal-first-quarter results before the bell on Thursday, and both beat analysts’ expectations-but that’s where the similarities end, according to Barron’s. DLTR warned freight costs could have a big impact on earnings, the latest indication that Dollar General is the stronger operator-and that doesn’t look set to change anytime soon For airlines, the Transportation Security Administration (TSA) reported that it screened almost 1.96 million people at airports, compared with 1.85 million on Thursday. That’s the most since March 7, 2020, when the COVID-19 pandemic was in its early stages Energy, Industrials and Materials Oil prices are higher by over 2% (WTI crude $68 per barrel and Brent tops $70) as the latest OPEC+ gathering takes place via videoconference today. OPEC+ decided in April to return 2.1M barrels per day to the market from May to July, anticipating rising global demand. Since the announcement, the crude price has risen from $60 toward the $70 level Exxon Mobil Corp ($XOM) rises along with Equinor EQNR and Petrogal Brasil says they will proceed with an $8 bln development of Brazil’s Bacalhau oil discovery Exxon ($XOM) suffered a setback this week when it lost at least two board seats to the upstart activist Engine No. 1, but the defeat could move the oil giant forward to benefit both the company and the shareholders, according to Barron’s Virgin Galactic ($SPCE) filed a shelf registration for $1 billion of mixed securities, plus 2.7m shares issuable upon the exercise of previously sold warrants Financials American Financial ($AFG) declares special dividend of $14 per share after announces closing of the sale of its annuity businesses and declares special dividend Healthcare Liminal BioSciences Inc. ($LMNL) said it has decided to stop its plans to move fezagepras into a Phase II clinical study in Idiopathic Pulmonary Fibrosis and a phase Ia/IIb study in Hypertriglyceridemia, as it evaluates the impact of the PK data profile observed in the on-going study. Forte Biosciences ($FBRX) files $300M mixed securities shelf Aeglea BioTherapeutics ($AGLE) files to sell 19.02M shares of common stock for holders Technology, Media & Telecom Cloudera ($CLDR) entered into a definitive agreement to be acquired by affiliates of Clayton, Dubilier & Rice and KKR ($KKR) in an all-cash transaction valued at approximately $5.3B (confirming reports overnight by the WSJ). Cloudera shareholders will receive $16.00 in cash per share, representing a 24% premium to the closing price as of May 28, 2021 – confirms overnight WSJ https://on.wsj.com/3uCAZ0g RingCentral ($RNG) team up with Deutsche Telekom ($DTEGY) to transform business communications for customers of all sizes. The chip shortage is creating an opportunity for two stocks according to Barron’s, Applied Materials ($AMAT) and Lam Research ($LRCX) saying both trade at about 20x earnings estimates for the next 12 months, lower than the multiples of S&P 500 Index and the PHLX semiconductor Index. SemiLEDs ($LEDS) files $30M mixed securities shelf

$XOM location location location...

XOM getting really close to my spot to average 

might average XOM calls down. not yet though .

1008 $XOM JUN2021 $62.5 Cs trade 0.83

1008 $XOM JUN2021 $62.5 Cs trade 0.83

double my position FCX....XOM ..... X (long swing trade)

@dros what did you end up doing with XOM 

well XOM has some big stuff going on in Guyana actually 

managing my swing trade FCX X XOM

Alright so what we have seen over the past week has been really interesting, we got a massive sell off which killed a lot of names but it didn't harm others. The overall $SPY/SPX dropped pulling growth down further with it and the tech sector was destroyed, Nasdaq cried that's for sure. The tech breadth was at 7 which was a huge buy sign, and when I took a look at which tech names got beat up it wasn't really the big ones, they still held value well and if anything have amazing potential to the upside ($MSFT, FB etc). So what is going on? I mentioned its cyclical, right now growth is dead and value reigns supreme. If you want to know how to get rich in the market or make the right decisions its being able to switch from value and growth when the cycle is upon. Right now value is elite and is reigning supreme, the worst thing you can do is sell your garbage growth and switch to value, value is still going up and has a lot more room, from what it looks like but its also overextended and getting towards its last stride. There is a difference between garbage growth and good growth, you need conviction in your plays. So I liked this dip for a lot of "value x growth names" ones with conviction. A lot of value didn't manage to dip much but really good tech did and we mention names we were hunting. I think there is a lot of potential in large tech names that we all know, FB & $MSFT specifically, also $AAPL. we did well to pick up $SPY calls but longer term calls on these 3 tech names could pay well. I liked commons on them as well. Other names you should watch carefully are SQ, PYPL, PTON, AXP, FCX, DIS, BA, SE, PINS, $TWTR, ETSY, APPS & XOM ( I still like reopening and oil for the year as we are far from the potential) These are more or less growth names that have been battered and have a lot of potential, all of which are on the excel sheet pinned, if you want to know what we're in its in the list. There are ways to get into your conviction plays as well, if its beat up growth we need to flip the structure and that happens a few ways. I'll go into detail of what I want to see in another post just after this one. There are a lot of value names out there that you can add to your portfolio but I need to see more of a pullback at this point, so they're not that high of interest.

dros you still in those XOM June $62.5

swing trade .....x......xom......fcx in meantime practice futures

GM.... looking at semi soxl...xom.... x.... stla....fcx

Largest open interest increases among single stock options for 5/13 include $AAPL, $XOM, $PLTR, $FB, and $BABA.

14670 $XOM JUL2021 $60 Cs bought 4.05, 14760 $60 Ps sold 2.66

14670 $XOM JUL2021 $60 Cs bought 4.05, 14760 $60 Ps sold 2.66

congrat.... xom

All my names are ripping VLO, XOM, DVN, EOG, MPC, MRO

heavy XOM call flows there powered by ex div tomorrow

FCX and XOM were good picks but I did only a few contracts. meanwhile AMD STRETChed My ass at least Juance Or Thrice on big size

$XOM 14MAY2021 $64 Cs // 33.5k+ trading vs. 1960 OI

$XOM 14MAY2021 $64 Cs // 33.5k+ trading vs. 1960 OI

@HeyShoe I agree. I like EOG, DVN, PSX, MPC, MRO, XOM

I am trading better with energy names in this environment than tech. DVN, APA, MRO, XOM all winners. I am from Houston so I have to support home town companies.

ncie trade there Dros in XOM

yeah I still own fair amount of XOM equity

I saw you added to your oil spec with leverage. You really see much beyond new highs in XOM?

$XOM [bto] Jun $62.5 Cs