Here’s Why Investors Are Buzzing about Teva, Amazon, Exxon, and Two Other Stocks

Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX), and Total SA (ADR) (NYSE:TOT) are trending after the Financial Times reported that the three have reached a tentative deal to settle the Nigerian government’s contention that the oil companies (and others) had illegally exported crude between 2010 and 2015. Under the settlement terms, the companies will pay $5 billion to cover E&P costs in the nation. The $5 billion will come from the $6 billion figure that the Western oil companies claim that Nigeria still owes them. Both sides hope the deal can be finalized by the end of 2016.

In addition, traders are watching the three companies in hopes that a Trump presidency might boost energy-related names. Given that Donald Trump has said that he wants various Middle Eastern countries to pay their fair share of protection, Saudi Arabia and others might need to raise the price of oil to pay for the potential added protection costs. Among the funds in our database, 60 funds held shares of Exxon Mobil Corporation (NYSE:XOM) and 47 funds were long Chevron Corporation (NYSE:CVX) on June 30

Due to the fact that it’s an international company, only 16 investors tracked by us had bullish positions in Total SA (ADR) (NYSE:TOT) at the end of the second quarter.

Disclosure: none