Global markets are mixed this morning as escalating U.S.-Iran tensions push crude oil prices higher, creating a cautious tone among investors. While tech futures show strength, the broader market is grappling with heightened geopolitical risk.
Stocks to Watch:
- PepsiCo: Is scheduled to report quarterly earnings pre-market today, with analysts expecting $0.35 EPS on $332.35 million revenue.
- Rivian Automotive: Shares plunged 18.1% yesterday after the company announced a plan to sell 75 million shares of its Class A common stock.
- NVIDIA Corp.: Surged 3.7% yesterday on news that China may allow its major AI companies to purchase limited H200 chips.
- Exxon Mobil Corporation: Rallied yesterday as escalating U.S.-Iran tensions caused crude oil prices to spike significantly.
Looking ahead, traders will closely monitor geopolitical developments in the Middle East and their ongoing impact on energy markets and global equity sentiment.