Citrone Expands Stock Picks, Exxon's Performance Lags

Billionaire investor Rob Citrone, co-founder of Discovery Capital Management, has seen his hedge fund return 48.03% over the last four quarters, with assets under management nearly doubling from $0.8 billion to $1.5 billion in Q4 2024. Citrone's top stock picks have expanded to include Amazon, Exxon Mobil, Boeing, Vistra, The Geo Group, and Nebius Group, reflecting a diversified and emerging markets-focused strategy. Exxon Mobil has recently drawn significant options activity, with mixed investor sentiment but an overall bullish outlook targeting prices between $95 and $120. Despite this, Exxon shares have declined 7.4% over the past month, underperforming the S&P 500 and its industry peers, while analyst earnings estimates have also decreased. Citrone has expressed regret for not selling more stocks before global trade tensions escalated, underscoring the impact of macroeconomic shifts on his decisions. Investors continue to closely monitor Citrone's picks and market commentary for guidance.