Wednesday, September 25

Tag: ConocoPhillips

It’s Oil Stock Musical Chairs
News

It’s Oil Stock Musical Chairs

Thursday was the last trading day of June and ConocoPhillips (COP) is no longer the top stock in the S&P 100. On June 1st, ten shares of COP were purchased for $114.90 each totaling $1,149.05 and $56.39 in cash was leftover.   Yesterday, the COP shares were sold at a loss for $91.03 for a total proceeds of $910.28. Along with the leftover cash balance, there was a grand total of $966.67 in cash in the bank. The starting testing balance on May 3, 2021 was $1,001.66 so this strategy has returned negative 3.5 percent over the last fourteen months. (adsbygoogle = window.adsbygoogle || []).push({}); For comparison, the S&P 500 exchange traded fund SPY has returned negative 8.4 percent over the same time, including dividends. Market volatility ...
Oil Stocks Continue to Lead
News

Oil Stocks Continue to Lead

Today is the last trading day of May and Exxon Mobil (XOM) is no longer the top stock of the S&P 100. On May 2nd, I bought twelve XOM shares for $86.40 each totaling $1,036.80 and had $56.39 in cash leftover.  I just sold the XOM shares for $98.16 for a total proceeds of $1,177.92. Along with the leftover cash balance, I now have a grand total of $1,234.31 in cash. I started testing with $1,001.66 so this strategy has returned 23.2 percent over the last thirteen months. (adsbygoogle = window.adsbygoogle || []).push({}); For comparison, the S&P 500 exchange traded fund SPY has returned 0.5 percent over the the same time, including dividends. Market volatility continued in May as the SPY hit a year-to-date closing low of $389.46 on the 19th....