Diamonds and Dogs

7/5/22

Tech jumps on lower interest rates. Meta (META), the former Facebook was up 5% today as the Bank of America analyst said Meta is one of the best Internet stocks to own as recession fears are already reflected in the stock. The analyst reiterated his price target of $233.

Exxon (XOM) drops 3% as the price of oil drops 8% today, back below $100 a barrel. On Friday the Wells Fargo analyst predicted Exxon could earn $18 billion in net income during the quarter, well ahead of estimates of $13 billion.

 

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