Stocks to Look Out For (AMX, CVX, RDS.A, XOM, AMZN, AAPL)
October 27, 2009 12:12 PM
After the Credit Crunch, Investors are still slow to put in their hard earned money into the stock market but with over 137 companies getting ready to report their earnings the stock market is about to make a move.
One Stock that is poised to rise is America Movil (NASDAQ: AMX). American Movil operates in the relatively recession proof industry of Latina American Mobile Phones. Through the course of the year American Movil has seen their share prices double. This is the perfect time to buy into Mobil because it opened weak despite increasing Earning by over 50%. They also provide substantial discounts for Apple Inc.’s iPhone in order to add to their $318,000 long term subscribers.
Expect Oil Companies like Chevron Inc (NYSE: CVX), Royal Dutch Shell (NYSE: RDS.A) and Exxon Mobil (NYSE: XOM)to stir up the market to day as they report earning later this week. These oil producing companies are set to capitalize on the rising oil prices that have broken through the $80 resistance levels.
Ther stocks to look out for include Amazon (NASDAQ: AMZN) and Apple Inc. (NASDAQ: AAPL), their positive earning should spill over this week.
