• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

Exxon Mobil (XOM)

The stock market is experiencing a pullback in 2022, with the S&P 500 tumbling by more than 7%. But investors of Exxon Mobil aren’t complaining: Year to date, shares of the oil and gas supermajor have surged nearly 35%.

Exxon is posting impressive numbers thanks to rallying oil prices.

In Q4 of 2021, revenue rose 83% year over year to $85 billion. For the full year, Exxon generated operating cash flow of $48 billion during the year — the highest amount since 2012.

Management is returning cash to investors, too. The company pays a quarterly dividend of 88 cents per share, translating to a still-attractive yield of 4.2%. It also started buying back its shares in Q1 as part of a $10 billion share repurchase program.

There could be more gains ahead. Last month, JPMorgan analyst Phil Gresh reiterated an ‘overweight’ rating on Exxon and raised his price target to $100 per share. That implies potential upside of close to 20%.

Find a financial adviser in minutes

Are you confident in your retirement savings? Get advice on your investment portfolio from a certified professional through WiserAdvisor. It only takes 5 minutes to connect with an adviser who puts you first.

Get Started

Cleveland-Cliffs (CLF)

Oil isn’t the only commodity that has received renewed investor attention because of the Russia-Ukraine crisis. Steel prices, for instance, are up roughly 7% year to date.

“Russia’s invasion a month ago nearly instantly set off a butterfly effect across the steel markets,” says JPMorgan analyst Michael Glick.

JPMorgan’s top pick in the steel sector is Cleveland-Cliffs, the largest flat-rolled steel producer in North America. The company also happens to be the largest manufacturer of iron ore pellets in North America.

Business is firing on all cylinders. Cleveland-Cliffs’ Q4 revenue more than doubled year over year to $5.3 billion. Full-year revenue totaled $20.4 billion, up 285% from 2020.

Cleveland-Cliffs shares have risen about 40% this year. Late last month, JPMorgan raised its price target on the company to $44 — implying upside of 40% from current levels — while maintaining an overweight rating.

Piedmont Lithium (PLL)

The price of lithium has skyrocketed by more than 400% over the past year. Lithium goes into the batteries of electric vehicles, and we all know how hot the EV space is these days.

If you’re looking to capitalize on the rise of the silver-white light metal, Piedmont Lithium — an emerging lithium supplier — makes sense.

The company holds a 100% interest in the Carolina Lithium Project, which covers roughly 3,116 acres in the Carolina Tin-Spodumene Belt, one of the premier regions in the world for lithium exploration.

As an exploration stage company, Piedmont doesn’t have impressive financials to show off. But that hasn’t stopped JPMorgan from giving it an overweight rating. JPMorgan also recently raised its price target on Piedmont shares to $92 apiece — roughly 40% higher from where they sit today.

This 2 Minute Move Could Knock $500/Year off Your Car Insurance in 2024

Saving money on car insurance with BestMoney is a simple way to reduce your expenses. You’ll often get the same, or even better, insurance for less than what you’re paying right now.

There’s no reason not to at least try this free service. Check out BestMoney today, and take a turn in the right direction.

Get Started

More from Moneywise


Follow These Steps if you Want to Retire Early

Secure your financial future with a tailored plan to maximize investments, navigate taxes, and retire comfortably.

Zoe Financial is an online platform that can match you with a network of vetted fiduciary advisors who are evaluated based on their credentials, education, experience, and pricing. The best part? - there is no fee to find an advisor.

About the Author

Jing Pan

Jing Pan

Investment Reporter

Jing is an investment reporter for MoneyWise. He is an avid advocate of investing for passive income. Despite the ups and downs he’s been through with the markets, Jing believes that you can generate a steadily increasing income stream by investing in high quality companies.

What to Read Next


The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.