Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX) are leading the gainers today up 3% a piece. The key to the surge today in the commodity space was the China PMI which did show expansion. China growth means commodity demand should increase. In addition, the ISM number in the U.S. surprised to the upside showing that things may not be as bad as once thought. Steel, copper and oil stocks are all having stellar days.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
