Shares of companies impacted by the price of oil were among the biggest movers in the S&P 500 Monday as crude futures sank after a weekend retaliatory strike against Iran by Israel didn’t hit Iran's oil facilities.
The price of West Texas Intermediate (WTI) crude plunged nearly 6% in late-morning trading as Iranian production wasn't disrupted. Iran makes up about 4% of the global oil trade, according to the U.S. Energy Information Administration (EIA). The targeted attack by Israel also eased concerns about a greater escalation of Middle East fighting that would further impact supply.
Shares of drillers such as APA (APA), Diamondback Energy (FANG), and Devon Energy (DVN) fell, along with oilfield services firms Halliburton (HAL) and SLB (SLB).
The SPDR S&P Oil & Gas Exploration and Production exchange-traded fund (ETF) fell to its lowest level this month.
On the flip side, shares took off for Carnival Corp. (CCL), Delta Air Lines (DAL), and other cruise lines and airlines, which stand to benefit from lower fuel costs.
Bank of America analysts on Monday raised their price targets on both Norwegian Cruise Line Holdings (NCLH) and Royal Caribbean Cruises (RCL), noting that Carnival "was very constructive on booking trends when the company reported in September," and that "we expect RCL and NCLH to echo this commentary into 2025."
TradingView
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。