Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

Geopolitical tensions in the Middle East could drive oil prices as high as $120 per barrel according to JP Morgan, benefiting Exxon Mobil's earnings outlook. Applying the Graham Number, Exxon Mobil's intrinsic value ranges from $103 to $134 per share, depending on EPS scenarios.

APA also pays a generous 5% dividend yield. Arguably best of all, APA generates superior free cash flow of $1.2 billion, or about 20% more than reported trailing-12-month earnings. This is unusual for an energy stock. It's a strong argument in favor of buying APA stock, whatever happens in the Middle East.

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.