3Q17 - Lower earnings on high base; Recovery trajectory remains intact 3Q17 results missed on rising expense and non-ops 3Q17 beat with encouraging yield and int'l load factor recovery 3Q17: lackluster sales growth, but strong EBIT recovery on lower expense XOM 3Q: Like a Kid in a(Brazilian)Candy Store 3Q17 profit beat; valuation already rich with growth slowdown expected 3Q17: Weakening momentum.Maintain Sell CVX 3Q17: Leaving the Wrong First Impression In-line with strong inv, brokerage commission turned positive In-line 3Q17 and HK water supply negotiation results likely soon; Buy