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Israel's Fight With Iran Spreads to the Energy Sector

Israel's Fight With Iran Spreads to the Energy Sector

Israel and Iran struck at each other's energy facilities over the weekend, a significant escalation that brings the conflict closer to an industry vital to the global economy and markets.
The attacks so far have been limited, but oil prices have risen on the risk of greater damage, and the fighting has affected tanker traffic and supply flows.

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Top stocks to watch today, June 16: NTPC, Godrej Properties, ONGC, Oil India, SpiceJet, Natco Pharma and more
Top stocks to watch today, June 16: NTPC, Godrej Properties, ONGC, Oil India, SpiceJet, Natco Pharma and more

Business Upturn

time18 minutes ago

  • Business Upturn

Top stocks to watch today, June 16: NTPC, Godrej Properties, ONGC, Oil India, SpiceJet, Natco Pharma and more

Indian stock markets are likely to open on a cautious note on Monday, June 16, as global investors monitor geopolitical tensions in the Middle East. Here's a look at key stocks that will be in focus today: ONGC, Oil India, Paint Companies, OMCs Crude oil prices remain elevated with Brent trading near $75 per barrel due to the ongoing Iran-Israel conflict. This could impact oil-linked sectors including oil exploration companies, paint manufacturers, and oil marketing companies (OMCs). Vedanta Ltd The company's board will meet on June 18 to consider the first interim dividend for FY26. Investors will watch for the dividend quantum and commentary on future payouts. NTPC NTPC has commenced operations at one 660 MW phase of its three-phase super thermal power project. The operationalisation adds to the company's thermal generation capacity. Godrej Properties Godrej Properties will develop a 14-acre residential project in Hoskote, East Bengaluru. The project has an estimated revenue potential of ₹1,500 crore. Syngene International The US Food and Drug Administration (US FDA) has issued a 'No Action Indicated' (NAI) classification for Syngene's Semicon Park facility in Bengaluru, indicating compliance with regulatory norms. HBL Power Systems HBL Engineering has received a Letter of Acceptance (LoA) worth ₹164 crore for Kavach-related work in the Vijayawada–Ballarshah section of South Central Railway. Zee Entertainment Zee Entertainment's board is scheduled to meet today to discuss potential fundraising plans and a long-term growth roadmap over the next three to five years. Tanla Platforms The company's board will meet today to consider a share buyback proposal, which may impact stock movement based on the buyback size and premium. Birla Corporation Birla Corp has been declared the preferred bidder for a limestone block spanning 500 hectares in Rajasthan. This could aid raw material security for its cement business. SpiceJet The airline reported a net profit in FY25, marking its first annual profit in seven years. EBITDA rose 19% year-on-year. The financial performance may lift investor sentiment. Sun Pharmaceutical Sun Pharma has received eight observations from the US FDA for its Halol facility, following an inspection. Regulatory compliance remains a key monitorable. Nazara Technologies Investor Rekha Jhunjhunwala has exited Nazara Tech by selling 27.23 lakh shares via block deals on Friday. Stock may react to the large stake sale. Natco Pharma The US FDA issued one observation for Natco's API manufacturing facility in Hyderabad following an inspection. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash

Middle East and Fed meeting top investor worries
Middle East and Fed meeting top investor worries

Yahoo

time30 minutes ago

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Middle East and Fed meeting top investor worries

Middle East and Fed meeting top investor worries originally appeared on TheStreet. When stocks sell off abruptly, as they did on Friday, many investors start thinking there may be a bargain and look to buy Buying the dip often works. It worked big-time after the 10% sell-off of the Standard & Poor's 500 Index after President Trump released his tariff plan on April 2. Through Friday, the index is up 23.6% from its April low of 4,835.04. 💵💰💰💵 If the S&P 500 had just been unchanged on Friday, the gain would be 25%. In fact, the major U.S. indexes would have ended the week up at least 0.5% if they'd ended Friday unchanged. Instead, the selloff wiped out the week's gains. The results for the week: S&P 500. Friday close: 45,977, down 0.4%. Dow Jones Industrial Average. Friday close: 42,198, down 1.2%. Nasdaq Composite. Friday close: 19,407, down 0.7%. Nasdaq-100. Friday close: 21631, down 0.7%. Russell 2000. Friday close: 2,101, down 1.2%.So, is a buy-the-dip shot possible this week? Possibly just because Friday's slump was pretty violent thanks to the Middle East crisis and a weak consumer confidence report from the University of Michigan. Just before 8 p.m. ET Sunday, futures trading suggested dip buyers are already at work, even as the shooting war between Israel and Iran doesn't look like it's ready to stop yet. That may explain why gains so far are modest. Through Sunday. Israel was attacking as many sites as possible trying destroy military and scientific facilities as well as Iranian leadership. Iran was shooting many missiles all over Israel. Some 200 Iranians are known dead, news reports say, including seven key military leaders and 9 top nuclear scientists. At the same time, at least 13 Israeli citizens have died in the missile a truce can be reached, but the potential is sizable for really bad things to happen such as: Nuclear weapons get fired. Israel attacks Iran's key oil terminal at Kharg Island. Iran could block off the Strait of Hormuz, disrupting global markets for crude oil and liquified natural gas. Still, one can hope. A buy-the-dip rally happened in 1991 in the first Gulf War,. It was apparent that Iraq, which had invaded Kuwait, would be overwhelmed and pushed out by an overwhelmingU.S.-led coalition of troops. A cease-fire was agreed to on Feb. 28. Stocks plunged on the first news of coalition bombings on Jan. 10, but then the S&P 500 surged 18.6% in the next 28 trading sessions without a single down day. The index ended the year up 26.3%. Anyone trying to profit on dip-buying, however, must also keep in mind: It's a good idea to expect higher oil prices after Friday's 7% gain to $72,98 a barrel. Crude oil was up more than $2 a barrel in futures trading Sunday. Some stocks have become pricey, including Oracle () , up 23.7% last week alone. But its relative strength index is at 89, which is a signal the shares are now wildly overvalued. All this is said in the light of the continued uncertainty about U.S. trade policy. The Trump Administration has been trying to impose a new trade regime as quickly as possible, but new agreements with other nations are slow in coming. Meanwhile, it is a light week for earnings reports and only the Federal Reserve meeting on Tuesday and Wednesday as key events to watch. U.S. markets are scheduled to be closed Thursday for the Juneteenth Holiday. What happens at the Fed may cause some volatility. President Trump keeps demanding that the central bank cut its key federal funds rate, now at 4% to 4.25%.A new idea is to name a successor to Chairman Jerome Powell, whose term expires next spring, in hopes that Powell will resign now. So far, the Fed and Powell have resisted saying there's too much uncertainty in the economy. Fund manager buys and sells See a big stock rally ahead? Be patient, money manager says Fund manager, skeptical of AI, backs shocking stock Veteran fund manager sends surprising message on the weak dollar Earnings this week will start with home builder Lennar () , one of the nation's biggest, whose business has been struggling from 30-year mortgage rates at just under 7%. In the first quarter, the company spending 13% of sales just buying to down initial mortgage payments to close sales. Earnings are estimated at $2.60 per share, down 23.1% from a year ago. Revenue is predicted at $8.55 billion, down 2.5% from a year ago. The big day is Friday when consulting giant Accenture () reports third-quarter results before the bell. The company's future has been roiled by the Doge efforts to chop federal spending. The company warned in its second-quarter analyst call that sales and profits would probably drop because of the Doge cuts. Shares are down 11.3% year to date and 22% from an intraday peak of $385.35 on Feb. 5. Accenture still has a market cap of nearly $200 billion. Along with Accenture, supermarket giant Kroger () will also report. Revenue is expected to be down slightly at $45.2 billion. Earnings are seen rising 7.8% to $1.54. Shares are up 7.2% on the year at $65.66. They were even up 0.8% on Friday. Used-car giant CarMax () also reports on Friday, with earnings expected at $1.27, up nearly 30% from a year ago. The revenue estimate is $7.46 billion, up nearly 5%. The shares are down 20.5% African-based Gold producer Gold Fields () , before Tuesday's open. Tech component maker Jabil Inc. () , before Tuesday's open. Management consulting firm Korn Ferry () , before Wednesday's open. Gun-manufacturer Smith & Wesson Brands () , after Wednesday's close. Restaurant operator Darden Restaurants () , before Friday's East and Fed meeting top investor worries first appeared on TheStreet on Jun 16, 2025 This story was originally reported by TheStreet on Jun 16, 2025, where it first appeared. 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Oil Options Attract Bulls in Heavy Trade as Mideast Risks Expand
Oil Options Attract Bulls in Heavy Trade as Mideast Risks Expand

Yahoo

time30 minutes ago

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Oil Options Attract Bulls in Heavy Trade as Mideast Risks Expand

(Bloomberg) -- A fresh wave of bullishness is washing through the oil-options market as the confrontation between Israel and Iran escalates, with activity led by unusually heavy trading of call options at the week's open. Shuttered NY College Has Alumni Fighting Over Its Future As Part of a $45 Billion Push, ICE Prepares for a Vast Expansion of Detention Space Do World's Fairs Still Matter? NYC Renters Brace for Price Hikes After Broker-Fee Ban As American Architects Gather in Boston, Retrofits Are All the Rage Following a weekend when the two sides traded fresh blows, including hits to energy infrastructure, several thousand lots of August calls with strike prices of more than $80 a barrel — which profit when prices rise — changed hands in the first few hours of Monday's session. At the same time, about 2,000 lots each of August Brent calls, with strikes of $100 and $101, also traded. Options don't typically trade to this extent during the Asian portion of the day. It's also not immediately clear whether the options activity was part of a wider strategy. Oil has spiked since Israel struck Iran late last week in a bid to hobble its nuclear program, eliminate its military and scientific leadership, and degrade its armed forces. With concerns that supplies could be disrupted, Brent's curve has shifted more heavily into backwardation, a bullish pattern with costlier near-term prices than those further out. Brent's timespreads widened further on Monday amid heavy trading in futures, with nearly 20,000 lots changing hands in the first five minutes. Still, Brent's so-called option skew — a measure of the market's overall options mood — saw a slightly reduced bias toward bullish calls on Monday morning in Asia, although the metric remained near the most positive since early 2022 as implied volatility stayed high. Such indicators can shift over the course of the full day amid often-heavier trading in London and New York hours. 'With tit-for-tat attacks continuing, the geopolitical risk premium will likely remain elevated,' said Soni Kumari, a commodity strategist at ANZ Banking Group Ltd. Although it's unlikely, a potential move by Iran to block the Strait of Hormuz would be a serious threat by putting the transit of nearly 17 million barrels a day of global supply at risk, she said. Front-month Brent futures were last at $75.02 a barrel, up by 1%. American Mid: Hampton Inn's Good-Enough Formula for World Domination The Spying Scandal Rocking the World of HR Software New Grads Join Worst Entry-Level Job Market in Years As Companies Abandon Climate Pledges, Is There a Silver Lining? US Tariffs Threaten to Derail Vietnam's Historic Industrial Boom ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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