Why Hold Strategy is Apt for Phillips 66 (PSX) Stock Now

Phillips 66 (PSX) has gained 24.2% in the past year, outpacing the industry’s 3.4% improvement. What's Favoring the Stock?PSX has a diversified business model, with a significant presence in businesses related to refining midstream, chemicals and marketing & specialties. In each of its operations, Phillips 66 has a solid footprint pertaining to safety, profitability, size and competitive strengths.It is focusing more on businesses like midstream, renewables and chemicals, which makes the business model more ...