Prepared by Chris

We recently started buying in the most-hated sector in the market right now, which of course is energy. In fact, we are approaching overweight as we have been buying heavily in the last two weeks. Sure, demand is poor right now. Supply is ample. It is not going to turn around tomorrow, but for the medium to long term, in the mid-$30 range, we believe that Exxon Mobil (XOM) is a strong buy.

Make no mistake about it. Exxon Mobil has survived every major downturn in energy and emerged stronger each time. While pricing impacts revenues, expect Capex spending to focus on bringing new projects on-line, but these can be cut and done so dramatically if the situation worsens. With this flexibility, as we move forward, we expect substantial improvement in all segments, as oil prices have stabilized and started to rebound.

Investors will be further paid

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  • The heavy favorites to win the Tour de France, which starts Saturday, are Egan Bernal of Team Ineos Grenadiers and Primož Roglič of Team Jumbo-Visma.
  • No one’s really talking about the underdog American team EF Pro Cycling winning the race, but it could surprise, just as it’s done by winning nearly every big race in the sport.
  • EF team boss Jonathan Vaughters spoke with Business Insider from Nice, France, on Thursday about how his guys hope to upset the top favorites — and why you won’t be seeing them at the front of the peloton very much.
  • Visit Business Insider’s homepage for more stories.

Everyone’s talking about two riders from two teams winning the Tour de France, which starts on Saturday: Egan Bernal, of Colombia, who rides for the Ineos Grenadiers team, and Primož Roglič, of Slovenia, who leads the Jumbo-Visma squad.

No one’s really talking about the American EF

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