Stocks Rally as Iran Announces Strait of Hormuz is "Completely Open"
View original at nasdaq.comStocks Rally as Iran Announces Strait of Hormuz is "Completely Open" The S&P 500 Index ($SPX) (SPY) today is up +0.87%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +1.33%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.86%…
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Onto Innovation upgraded to buy from hold with price target of $350
60% confidenceIran has agreed to almost everything in the negotiations and they need to get to the table with a pen
60% confidenceStripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years
60% confidenceWoodward Inc. initiated with outperform rating and $450 price target
60% confidenceUS and Iran are negotiating over a plan where US would release $20 billion in frozen Iranian assets in return for Iran giving up its stockpile of enriched uranium
60% confidenceQ2 revenue forecast at $12.57 billion
60% confidenceGiven higher uncertainty at the moment, June is a better moment than April to decide whether an ECB interest rate response to the Iran war is necessary
60% confidenceAlbemarle downgraded to neutral from outperform
60% confidenceThe Strait of Hormuz is now completely open for commercial shipping
60% confidenceQ1 S&P 500 earnings projected to climb +12% y/y
60% confidenceECB needs to stay vigilant to potential inflation risks from Iran war, but we don't have much hard evidence of second-round effects, so it's difficult to argue there's an obvious case to raise rates
60% confidencePresident Trump might travel to Pakistan if a deal with Iran is clinched
60% confidence