$Lockheed Martin(LMT)$ $Exxon Mobil(XOM)$ $Chevron(CVX)$ π¨π°ποΈβοΈβΌοΈ
My position in LMT is up on the back of the news. Around a 30% move in about 3 months! The Market got spooked with political unrest and the Port Workers Strike in the πΊπΈ.
π’οΈCrude Oil Futures are Waking up!
US Embassy in Israel says Government staff should take shelter!
Source: The Kobeissi Letter
BREAKING: The S&P 500 falls nearly 70 points as the US says they have βindicationsβ that Iran is planning to launch a ballistic missile attack on Israel.
Strike has officially begun:
Over 50,000 port workers across the United States are now on strike for the first time since 1977.
These ports handle nearly 40% of ALL US imports and it could cost the US up to $5 billion PER DAY.
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The movement of Lockheed Martin (LMT), Exxon Mobil (XOM), and Chevron (CVX) stocks can be attributed to the following key reasons:
Political unrest and the Port Workers Strike in the United States: The strike of over 50,000 port workers across the United States, coupled with political unrest, has had a significant impact on the stock market. These events have created uncertainty and potential disruptions in supply chains, particularly for companies heavily reliant on imports. As the strike affects almost 40% of all US imports and could cost up to $5 billion per day, it has led to market volatility and impacted stock prices.
Crude Oil Futures: Oil prices have seen a significant surge due to escalating tensions in the Middle East. The news of Iran preparing to launch a ballistic missile attack on Israel has raised concerns about the stability of oil supplies from the region. This development has caused a sense of uncertainty and fear in the energy markets, leading to an increase in oil prices. As Exxon Mobil (XOM) and Chevron (CVX) are major players in the oil industry, their stock prices are influenced by fluctuations in oil prices.
Impact on Energy Companies: The news of potential conflict in the Middle East and the resulting rise in oil prices have positively impacted European energy majors, including companies like Shell, BP, TotalEnergies, and Eni. These companies have experienced a surge in their stock prices due to concerns about potential supply disruptions in the region.
It's important to note that these events and factors may have contributed to the movement of these stocks. However, stock prices can be influenced by a wide range of factors, including market sentiment, company-specific news, economic indicators, and investor behavior.
Please remember that the information provided is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, and it is essential to conduct thorough research and analysis before making any investment decisions.
Sources:
Oil Prices Rise After White House Warns of Iranian Attack on Israel - WSJ
European Energy Majors Rise on Middle East Escalation - Market Talk
Oil prices turn higher as Iran may enter the Middle East fray
East Coast Port Strike Threatens Economy. But These Stocks Are Winners.
Oil Surges on Signs Iran Is Preparing to Launch Attack on Israel
Risk Disclaimer: The information provided here is for informational purposes only and should not be considered as investment advice. The financial markets can be volatile, and investing in stocks involves risks. It is important to conduct thorough research and consider your risk tolerance before making any investment decisions.
Congratulations BC π
Soaring BC βοΈβοΈβοΈπ»
Congratulations BC
Great article, would you like to share it?