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Oil Higher, Stocks Higher: Investors Turn Away from Iran & Toward Earnings

Oil Higher, Stocks Higher: Investors Turn Away from Iran & Toward Earnings

Published 1 week, 2 days ago
Description

Markets are transitioning from geopolitical risk and focusing more on earnings, says Kevin Green, pointing out the "oil higher, stocks higher" trend as a key indicator. Don't discredit headlines around the Strait of Hormuz, however, with KG pointing out reported attacks on oil tankers keeping energy disruption risks top of mind. When it comes to Wednesday's big earnings slate that includes Tesla (TSLA), ServiceNow (NOW), and IBM Corp. (IBM), KG highlights another name investor may miss: CSX Corp. (CSX).


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