Dow Stock #4 – Chevron (CVX)
Chevron (CVX) saw its profits slashed in half in its recent Q3 earnings report, and that’s even after a big jump in output and a sharp cut in operating costs. If producing more and spending less can’t get this company on the right track, it’s basically out of options in the short term. While it may be faring better than some other oil stocks, I still rate CVX a sell.
See Louis Navellier’s FREE Portfolio Grader stock
report on Chevron.