Exxon trouncing Salesforce since software stock replaced oil giant in the Dow four years ago
Publishing timestamp: 2024-05-30 12:29:38
Summary
Salesforce replaced Exxon Mobil in Dow in 2020, seen as sign of energy sector weakness and tech sector strength. However, Exxon's stock has gained nearly 170% since then, while Salesforce has only gained 4%. Exxon hit all-time high in 2022, while Salesforce tumbled after missing revenue estimates.
Sentiment: MIXED
Tickers: @NG.1, @CL.1, CRM, XOM, @LCO.1,
Keywords: ice brent crude (apr'23), oil and gas, natural gas (mar'23), salesforce inc, investment strategy, breaking news: markets, markets, business news, exxon mobil corp, wti crude (mar'23),