The Hot Stock: Marathon Oil Surges 21%

Marathon Oil ( MRO ) surged to the top of the S&P 500 today as oil surged 9.3% after OPEC agreed to cut production and giving energy stocks a boost . Shares of Marathon Oil jumped 21% to $18.06, while the S&P 500 fell 0.3% to 2,198.81, and the Energy Select Sector SPDR ETF ( XLE ) climbed 5.1% to $74.43. In a note published on Nov. 21, Morgan Stanley's Evan Calio and team named Marathon Oil as one of the four stocks they expected to outperform if OPEC actually delivered a production cut: