Chevron Corporation (CVX) is a Trendy Stock: Facts to Know Before Betting on It
Chevron (CVX) is one of the stocks most recently visited by Zacks.com visitors . Therefore, it may be a good idea to consider some of the factors that may affect the short-term performance of the stock. Over the past month, shares of this oil company have returned + 7.5% compared to a + 0.3% change in the Zacks S&P 500 composite. During this period, Shakespeare Oil & Gas - Integrated - International Industries, which includes Chevron, grew by 12.5%. Now the important question is: what could be the future direction of the stock? While rumors about a media release or a significant change in a company's business prospects usually make its stock a 'trend' and cause a quick change in prices, there are always some basic facts that will eventually buy and Holds Hold's decision-making. Evaluate revenue estimates Here at Zacks, we prefer to estimate changes in the company's future earnings estimates on anything. This is because we believe that the current value of hi...