Stocks slump, oil prices surge
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US stocks fell on Friday after Israel's attack on Iran and Iran's retaliation shook global markets, pushing oil prices to their highest level since January. The major averages sank to a session low in the afternoon after Israeli defense forces said dozens of Iranian missiles were launched at Israel and "all of Israel is under fire.
Halliburton is the third-largest oilfield services company in the world, so any time oil prices go up, it's a recipe for potential further investment by oil companies in exploration, completion, and production enhancement services.
Talen's stock surged post-bankruptcy, fueled by strong FCF projections. Read more on why TLN's gains may slow but the long-term upside remains.
Wholesale data showed milder inflationary pressures while Trump renewed his threat to impose "take it or leave it" tariffs on trading partners.
Conoco stock costs only 12.6 times earnings and pays a decent dividend. It's a good way to play heightened worries about oil supplies.
Oil prices are just starting to gush higher. Last trading at $64.85, oil could rally back to $70 with growing optimism over US-China trade talks. In fact, if a deal can be reached, there’s hope it will boost the global economic outlook and fuel demand.
BSE Ltd shares plunged 4% after being placed under the Additional Surveillance Measure due to a recent price and volume surge. Despite this, the stock has seen massive gains over the past year, supported by strong Q4 earnings.
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