E dey happen for market o! One analyst don come out to yarn say Occidental Petroleum stock na buy before May 6. The oil and gas company wey dey trade as OXY for New York Stock Exchange go hold conference call for May 6 to discuss their first-quarter financial results.
Wetin make May 6 special? Na dat day Oxy go yarn about their Q1 performance after market close for previous day. The analyst wey dey talk dis gist get strong feeling say Occidental go bring good news give investors for dis quarterly update.
Why e dey possible? For one, war with Iran don push oil and gas prices to climb well-well for plenty part of Q1. Occidental revenue, earnings, and free cash flow suppose reflect these higher prices when company announce Q1 results.
Another tin wey fit help na company streamlining wey dem don dey do. For January, Oxy sell some assets to give dem plenty cash wey dem go use reduce debt – something investors go like well-well.
Na even Warren Buffett, the legendary investor wey be chairman of Berkshire Hathaway, dey like Occidental. When Buffett like stock wey ready to beat earnings estimates, e mean say you suppose dey watch am well.
But make we no forget say prediction fit miss road. Occidental stock don already soar since January as oil prices rise. All dis great expectations for Q1 results fit don full inside share price already.
Nobody sabi wetin go happen for Iran conflict between now and May 6. Even if Occidental deliver stellar Q1 update, Middle East developments fit overshadow am.
Still, the analyst stand by prediction say make investors buy dis oil stock before Q1 update. Even if Oxy no pop for May 6, e fit still be winner for investors over next 10 years.
But wait make we yarn another tin. The Motley Fool Stock Advisor analyst team just identify wetin dem believe na 10 best stocks for investors to buy now – and Occidental Petroleum no dey among dem. The 10 stocks wey make cut fit produce monster returns for coming years.
Remember when Netflix make dis list for December 17, 2004? Or when Nvidia make am for April 15, 2005? Stock Advisor total average return na 968% – wey dey crush market performance compared to 191% for S&P 500.
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