From Yahoo Finance: 2025-05-04 11:18:00

US stocks saw gains on Friday, with the S&P 500, Dow Jones, and Nasdaq all rising. The S&P 500 added nearly 1.5%, marking its longest win streak since 2004. The Dow rose 1.4% and the Nasdaq gained 1.5%. This rally followed positive US jobs data and China’s openness to trade talks.

China’s willingness to engage in trade talks and a strong US jobs report boosted investor confidence. The US economy added 177,000 jobs in April, exceeding expectations. The unemployment rate remained steady at 4.2%. These developments eased concerns about an economic slowdown due to trade tensions.

Exxon Mobil Corporation (NYSE:XOM) is among the 10 most profitable cheap stocks to buy now. With a forward P/E of 14.10 and TTM net income of $33.68 billion, XOM ranks as one of the top choices for investors. The company aims to generate additional earnings and cash flow potential by 2030 through strategic initiatives and acquisitions.

Exxon Mobil Corporation (NYSE:XOM) has announced plans to increase earnings and cash flow potential through 2030. The company aims for 10% earnings growth and 8% cash flow growth annually. Following acquisitions and investments in technology, XOM is positioned to double production in the Permian Basin to approximately 2.3 million barrels per day by 2030.

While Exxon Mobil Corporation (NYSE:XOM) ranks 4th on the list of profitable cheap stocks, some AI stocks may offer greater potential returns in a shorter time frame. Considering the performance of AI stocks compared to XOM, investors may find more promising opportunities in the AI sector. Check out the report on the cheapest AI stock for potential investment opportunities.

Read more: Is Exxon Mobil Corporation (XOM) The Most Profitable Cheap Stock to Buy Now?