Dump These 3 Spooky Blue-Chip Stocks Now

Move to sell these after nice October gains

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Dump These 3 Spooky Blue-Chip Stocks Now

Exxon Mobil

ExxonMobilLogo 150x150 Dump These 3 Spooky Blue Chip Stocks NowYes, there is a renaissance in the oil industry — mainly a boom in domestic production. That doesn’t mean owning a vertically integrated monster oil name like Exxon Mobil (XOM) makes sense.

Investors gravitated to the stock thanks to its near 3% dividend. But in a best-case scenario, Exxon shares will gain 5% in the next year. Add the dividend and you have a 8% return. That just doesn’t cut it in a risk-on environment. Investors made 3% on this name alone in October; look for weaker returns to close out the year.


Article printed from InvestorPlace Media, http://investorplace.com/2013/10/stocks-to-sell-xom-pg-t-xlp-iyz/.

©2014 InvestorPlace Media, LLC

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