Exxon Mobil beat Wall Street's estimates and is up 5% this month. Why does one portfolio manager think it's a bad investment?
Shares of Exxon Mobil are up 5% this month and the company just announced better-than-expected earnings numbers for the most recent quarter. This is despite the fact that oil prices have fallen 5%, which is generally a negative for the largest energy company around.
On CBNC's Street Signs' Talking Numbers segment, Exxon Mobil is examined from the fundamentals and the technicals. John Stephenson, portfolio manager at First Asset Investment Management, looks at the company from the fundamentals. On the charts is Talking Numbers contributor Richard Ross, Global Technical Strategist at Auerbach Grayson.
Watch the video above to see what the fundamentals and technicals have to say about Exxon Mobil.