Why Frontline PLC (FRO) Soared on Monday
We recently published a list of Why These 10 Firms Soared on Monday. In this article, we are going to take a look at where Frontline PLC (NYSE:FRO) stands against other Monday's best performers.
The stock market kicked off the trading week on a negative note as investors sold off on a new round of uncertainties from President Donald Trump's tariff policies.
The Nasdaq fell by 0.74 percent, while the S&P 500 dropped 0.64 percent and the Dow Jones was down by 0.24 percent.
Over the weekend, Trump told reporters that the US was negotiating with many countries, 'but at the end of this, I'll set my own deals — because I set the deal, they don't set the deal.'
He added that he had no intentions to talk with Chinese President Xi Jinping, dampening hopes of a potential negotiation between the two of the world's largest economies.
Beyond the major indices, 10 companies stood out with strong gains amid a flurry of fresh developments. In this article, we name Monday's 10 best performers and detail the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.
Why Frontline PLC (FRO) Soared on Monday
A fleet of oil tankers sailing across the open sea under a clear sky.
Frontline PLC (NYSE:FRO)
Frontline PLC, a Cyprus-based oil shipping company, saw its share prices grow by 3.85 percent on Monday to close at $17.79 apiece, as investors snapped up shares following news that oil-producing countries agreed to ramp up production next month.
According to the Organization of the Petroleum Exporting Countries (OPEC)+, members agreed to hike production by another 411,000 barrels per day after boosting production by the same amount this month.
Following the news, prices of Brent crude and WTI declined by 1.63 percent and 1.97 percent, respectively.
Meanwhile, the move spelled good news for Frontline PLC (NYSE:FRO) as more oil production would result in further crude oil shipment orders.
Meanwhile, Frontline PLC (NYSE:FRO) is expected to release the results of its first quarter earnings performance on May 30.
Investment firm Zacks Research recently assigned the company a 'strong buy' triggered by an upward trend in its earnings estimates.
Overall, FRO ranks 8th on our list of Monday's best performers. While we acknowledge the potential of FRO as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than FRO but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Wall Street Journal
32 minutes ago
- Wall Street Journal
Gold Edges Higher Amid Likely Safe-Haven Demand
2350 GMT — Gold edges higher in early Asian trade amid likely safe-haven demand spurred by ongoing geopolitical tensions. Israel and Iran ramped up their aerial attacks early Sunday, while President Trump has suggested that 'it's possible' the U.S. could get involved in the conflict. Gold has been rallying on safe haven flows, says Fawad Razaqzada, market analyst at City Index and in an email. 'There is little doubt about the gold outlook which remains positive,' amid factors including increased geopolitical risks in the Middle East, Razaqzada adds. Spot gold is 0.3% higher at $3,444.61/oz. ( 2231 GMT — The spot gold price ended last week at a record closing high and will look to build on this in the Asian trading day, says Chris Weston, head of research at Pepperstone. It could test the all-time-high of $3,500.10 per troy ounce, he says. Traders have cut back on profitable longs in silver, platinum and palladium, potentially to raise cash in their portfolios or even flipping the exposure into gold, he adds. ( @JamesGlynnWSJ)
Bloomberg
34 minutes ago
- Bloomberg
Nippon Steel's Investors Begin to Count the Cost of its US Win
After a year and a half of government talks, countless regulatory hiccups and last-minute negotiations, Nippon Steel Corp. secured its much-wanted prize late last week when President Donald Trump approved the $14.1 billion purchase of United States Steel Corp. Now the Japanese giant's shareholders will begin to weigh up the benefits of its biggest ever overseas bet. But they'll also be keeping a watchful eye on the costs, which include the promise to invest $14 billion over the coming years and significant concessions to the US government that will leave Washington with a say in major decisions and control over some board seats.
Associated Press
an hour ago
- Associated Press
MSTR Class Action Lawsuit Reminder: Kessler Topaz Meltzer & Check, LLP Reminds MicroStrategy Incorporated d/b/a Strategy (MSTR) Investors That a Securities Fraud Class Action Lawsuit Has Been Filed
RADNOR, PA - June 15, 2025 ( NEWMEDIAWIRE ) - The law firm of Kessler Topaz Meltzer & Check, LLP ( ) informs investors that a securities class action lawsuit has been filed against MicroStrategy Incorporated d/b/a Strategy ('Strategy') ( NASDAQ: MSTR ) on behalf of those who purchased or otherwise acquired Strategy securities between April 30, 2024, and April 4, 2025, inclusive (the 'Class Period'). The lead plaintiff deadline is July 15, 2025. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered Strategy losses, you may CLICK HERE or copy and paste the following link into your browser: You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. DEFENDANTS' ALLEGED MISCONDUCT: The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding Strategy's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) the anticipated profitability of Strategy's bitcoin-focused investment strategy and treasury operations was overstated; (2) the various risks associated with bitcoin's volatility and the magnitude of losses Strategy could recognize on the value of its digital assets following its adoption of ASU 2023-08 were understated; and (3) as a result, Defendants' public statements were materially false and misleading at all relevant times. THE LEAD PLAINTIFF PROCESS: Strategy investors may, no later than July 15, 2025, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Kessler Topaz Meltzer & Check, LLP encourages Strategy investors who have suffered significant losses to contact the firm directly to acquire more information. CLICK HERE TO SIGN UP FOR THE CASE OR GO TO: ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP: Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit CONTACT: Kessler Topaz Meltzer & Check, LLP Jonathan Naji, Esq. (484) 270-1453 280 King of Prussia Road Radnor, PA 19087 [email protected] May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes. View the original release on
