Should You Buy Occidental Petroleum (OXY) Stock Before Aug. 6? Here's What History Says.

Occidental Petroleum (NYSE: OXY), also known as Oxy, is an energy company specializing in oil and natural gas exploration, production, and manufacturing. Operating in all three segments of the energy pipeline -- upstream, midstream, and downstream -- has made Oxy a fully integrated energy company.On Aug. 6, Oxy will report its fiscal second-quarter earnings, marking a key date for a company whose stock has lost a quarter of its value over the past 12 months. For investors looking to buy the stock pre-earnings to take advantage of a potential post-earnings stock price jump, you might want to reconsider this thought process. I'll show you why.Oftentimes, having a mindset of "this good thing happened, so the stock should rise" or "this bad thing happened, so the stock should decline" can be counterproductive in stock investing. It might make logical sense, but unfortunately, the stock market doesn't operate on that logic.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool