Stocks to Watch: Exxon and Bank of America's Big Move

The market is buzzing about value stocks making a comeback. After a strong week post-Fed meeting, investors are eyeing two key players: Exxon Mobil and Bank of America. These companies could be the canaries in the coal mine for the value sector's performance in 2026. Exxon Mobil, a giant in the energy sector, has been on a steady climb since hitting a low in April. The stock is now knocking on the door of its October 2024 high of $126. A breakout here could signal a significant move, potentially reaching $155. However, the bulls need to overcome some resistance near $124, where a lot of shares have changed hands.On the other hand, Bank of America has been a standout performer. It recently hit an all-time high, and technical indicators suggest more upside could be in store. The stock's performance is crucial because it's more tied to everyday consumers, making it a bellwether for the broader economy. Both stocks have shown promising trends. Exxon's 200-day moving average is trending higher, and Bank of America's price is above key trend indicators. But will these trends hold? That's the million-dollar question. If these two stocks continue to perform well, it could be a good sign for value investors. But if they stumble, the value rally might fizzle out. It's a waiting game now, with all eyes on these two companies.