Thursday, April 3, 2014
Stocks
I bought two different stocks. I bought one share of Exxon Mobile (XOM) for 96.92$ with commission of 10.99$ adding up to 107.91$. I also five shares of General Electrics (GE) for 25.94$ each with a commission of 10.99$ as well equaling up to 140.69$. I chose XOM because the price was low and Fortune 500 listed Exxon Mobil as most profitable company with 41,060 million compared to Chevron, a competitor of XOM, and rated second for most profitable. with 26,895 million. I bought five shares of GE because it was a low cost for one share. It also has a four out of four star rating from Morningstar. Only one other company had the same ratings, Honeywell International. I think that because the cost of fuel is more likely to keep rising and people don't want to bike, walk or take bus into town the price of Exxon will keep rising as well. Exxon has also kept on gradually rising according to the graphs longest record. It highest and lowest prices were 101.51$, and 1.43$ from when it started. I predict the prices to be around 127$ in five years. I think the price of GE will keep rising as many electron devices are being used and invented for a "better life". I predict the prices to be around 41 in five years. The highest price they have is 59.88$ and lowest is 1.00 from when they stared.
Subscribe to:
Post Comments (Atom)
I think that it was really smart of you to do the research for XOM
ReplyDeletegood long term investments, good choices.
ReplyDeleteYou did a great job at comparing the different competitors. Also, your reasoning is well explained and makes sense. (:
ReplyDeleteYou really sound like you Know what you're doing.. Keep up the good work!
ReplyDeleteGreat job on your research!
ReplyDeletekeep working hard and sounds like you are doing good research
ReplyDelete