ExxonMobil Slides 1.3% as Cramer Sees Bull Signal while YTD Gain Hits 25%
Jim Cramer argued that energy giants including Exxon Mobil slid 1.3% despite Middle East tensions, signaling peak geopolitical risks and potential bull market rally. Meanwhile, ExxonMobil shares have risen 25% YTD to $149.78 on surging crude, backed by Citigroup’s target hike to $150 and neutral retail sentiment.
1. Cramer Flags Peak Geopolitical Risks
Jim Cramer suggested the 1–2% decline in Exxon Mobil and peers indicates that crude-related geopolitical risks have already been priced in, paving the way for a broader stock market rally.
2. ExxonMobil’s Price Surge on Crude Strength
ExxonMobil shares reached $149.78, marking a 25% gain year-to-date as WTI crude futures climbed above $76 per barrel on renewed risk appetite.
3. Analyst Upgrade and Retail Sentiment Shift
Citigroup raised its ExxonMobil target from $118 to $150, while retail sentiment scores climbed from 37.9 to 53.5. Polymarket traders assign an 80% probability to a Strait of Hormuz closure by month-end, reflecting ongoing supply concerns.