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Berger: Why I am buying ExxonMobil ahead of Q2 earnings

Serge Berger does not normally buy company stocks ahead of an earnings report, but he is making an exception with ExxonMobil and here’s why.

ExxonMobil is due to report its second quarter earnings on Friday July 31. The stock is down 12% year-to-date on low oil prices and the rise of the dollar, according to Berger. He is looking to buy the stock at USD 80 or lower, with a target at USD 87 and stop loss at USD 76.

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