Why I Am Overweighting Exxon Mobil

I am going to double down on Exxon Mobil (XOM) this week because I believe investors will have to deal with more market volatility going forward, and Exxon Mobil has a comfortable free cash flow position that backs the company's dividend growth. Exxon Mobil, in my opinion, will be able to hold up well during a period of heightened market volatility, and, most importantly, pay investors a stable dividend while markets may be thrown into turmoil again.

I am overweighting Exxon Mobil in my income portfolio. In light of surging market volatility, I am shifting funds into high-quality income vehicles with strong free cash flow profiles. Exxon Mobil will continue to grow its dividend payout. Investors need to be prepared for more market volatility related to the trade stand-off between the United States and China.

Source: Seeking Alpha

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