Buy #Exxon, #Gazprom | 12 July 2019

Buy #Exxon, #Gazprom


#GoldmanSac:


Investors are expected Federal Reserve interest rates to fall on July 31 and September 18. FED begins easing policy for the first time in a decade. Interest rate futures CME suggest a cut 0.5% and that such cut driven by the need to offset the damage caused by the U.S.'s trade dispute with China. This is a negative signal for American banks. Low interest rates reduce the net interest margin. The low interest margin Goldman Sachs Group reduces the net profit of shareholders. This factor will have a negative impact on business capitalization.


Trading recommendation: Sell 209.55 and take profit 204.15


Buy #Exxon, #Gazprom


#Gazprom:


The cost of Gazprom's shares has increased by 52% over the past two months! Gazprom has doubled the payment of dividends. Investors are actively increasing their long positions in the company's shares. High dividends were a pleasant surprise for investors. The register for dividends closes on July 16. The company's revenues will grow due to increased sales of natural gas into Europe. European energy companies are cutting natural gas production. This is a positive signal for Gazprom! We are expecting the bull rally for this week.


Trading recommendation: Buy 245.40 and take profit 254.12


Buy #Exxon, #Gazprom


#Exxon:


Bullish rally in the oil market will have a positive impact on the share price of energy companies! Promises of tighter OPEC+ supply extending into March 2020. OPEC oil output sank to a new five-year low. Oil production in the United States is gradually increasing. American companies will be able to increase revenues from the sale of hydrocarbons. This factor will have a positive impact on operating cash flow. Exxon please investors with high dividend payments, which will have a positive impact on the capitalization of the business.


Trading recommendation: Buy 75.50 and take profit 77.14.

 

David Johnson
Analyst of «FreshForex» company
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