Market News: Exxon Mobil Corp. (NYSE:XOM), Chevron Corp. (NYSE:CVX), IBM (NYSE:IBM)

More breaking news stories could affect stocks when trading continues later. The following stocks should see some movement: Exxon Mobil Corp. (NYSE:XOM), Chevron Corp. (NYSE:CVX), IBM (NYSE:IBM). Here is a more detailed look at the news that will affect each company when trading continues. Exxon Mobil Corp. (NYSE:XOM) Exxon Mobil Corporation (NYSE:XOM) has showed strong momentum in its shares. Exxon Mobil Corporation (NYSE:XOM) is expected to report earnings per share of $1.39 pre-market on Thursday. The company is rated a STRONG BUY according to Value Engine, and is 8.2% undervalued. The stock has overbought MOJO on its daily chart setting trading as high as $66.80 versus our one-year price target of $75.75. Our monthly value level is $59.94 with a weekly pivot at $66.83 and annual risk level at $87.35. The technical indicators are giving strong buy signals for Exxon as well. In fact the stock's price has made 17 new highs in the past month of trading. Chevron Corp. (NYSE:CVX) Santa Monica College and Chevron Energy Solutions have announced the completion of their joint Energy Efficiency and Solar project. Santa Monica College and Chevron Energy Solutions have announced the completion of their joint Energy Efficiency and Solar project. Through energy efficiency improvements and use of solar energy, the college is expected to reduce carbon emissions by more than 1,500 metric tons, equivalent to preserving 13 acres of forest from deforestation each year.  The dedication ceremony will be held on October 29 at 3:00 p.m.  Dr. Chui L. Tsang, president of Santa Monica College said that "We are committed to academic excellence, global responsibility and educational, environmental and economical awareness," IBM (NYSE:IBM) IBM (NYSE:IBM) has introduced Cloud Lab to help partners Test Solutions. IBM (NYSE:IBM)'s new cloud lab is based in the UK but can be used by channel partners around the world to help them prepare and develop cloud-based solutions. While cloud computing services are currently estimated as a $68 billion industry this year, analysts estimate that by 2015, that will have expanded to some $150 billion.Jim Corgel, general manager of IBM (NYSE:IBM) ISV and Developer Relations said, "The new Cloud Computing Lab will help our partners gain the skills they need to build next generation business applications and services for the cloud using IBM technologies." We may see more movement when trading continues for Exxon Mobil Corp. (NYSE:XOM), Chevron Corp. (NYSE:CVX) and IBM (NYSE:IBM).
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