Josh Brown Says He’s Buying Chevron (CVX) Despite ‘Overreaction’ On Oil Prices

From Yahoo Finance: 2025-04-28 09:47:00

In a recent article, we highlighted 10 stocks to watch as trade wars begin, including Chevron Corp (NYSE:CVX). Bill Strazzullo predicts the S&P 500 could drop to 4,500 to 4,100 before hitting bottom, citing market exhaustion from pandemic gains. Hedge fund interest in specific stocks is closely monitored for potential market outperformance.

Josh Brown, CEO of Ritholtz Wealth Management, is buying Chevron (CVX) despite oil price declines. He believes the dip presents an opportunity due to the company’s increasing dividend and overreactions in the market. TCW Relative Value Large Cap Fund’s Q3 2024 investor letter discusses Chevron’s market cap, valuation factors, and potential acquisition risks.

Chevron Corporation (NYSE:CVX) ranks 5th in stocks to watch amid trade wars. While CVX shows promise, under-the-radar AI stocks may offer greater returns in a shorter time frame. An AI stock with significant growth potential and low earnings multiple is recommended for investors seeking high returns. 1. The stock market saw a sharp decline today, with the Dow Jones Industrial Average dropping by 500 points. This was attributed to concerns over rising inflation and interest rates, causing investors to sell off their shares.

2. A new study revealed that the COVID-19 vaccine is highly effective in preventing severe illness and death from the Delta variant. The study found that the vaccine reduced the risk of hospitalization by 95% and death by 97% among those who were fully vaccinated.

3. The unemployment rate has dropped to 4.5%, the lowest level since the start of the pandemic. This is a positive sign for the economy as more people are returning to work and businesses are beginning to recover from the impact of the pandemic.

4. The latest data shows that consumer spending has increased by 2.4% in the last month, signaling a strong recovery in the retail sector. This is a promising sign for the economy as consumer spending is a key driver of economic growth.

5. In international news, tensions have escalated between two neighboring countries over a territorial dispute. Both sides have deployed troops to the border, raising concerns of a potential military conflict. Diplomatic efforts are underway to defuse the situation and prevent further escalation.



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