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Yahoo
3 days ago
- Business
- Yahoo
The Middle East crises could end up offering a good buying opportunity: Barclays
-- Geopolitical tensions in the Middle East are testing investor resilience, but Barclays believes the current crisis may ultimately present a buying opportunity. In its latest market commentary, Barclays said that while "equities have been able to climb the wall of worry year-to-date, resilience is being tested once again." Still, the note emphasized that 'more fatigue & hedging than stress' has been evident so far. Despite oil prices rallying, the broader market has shown little sign of panic. 'Vix has only risen modestly, global equities and yields have remained mostly range-bound, and the dollar hasn't rebounded,' the analysts noted. Barclays warned, however, that a wider conflict, particularly involving the United States, 'may come as a reality check to this market calm.' Looking further ahead, the bank sees potential upside. 'Recent crises in the region have showed that the impact on equities from oil shocks tend to be short lived, and usually end up as medium term buying opportunities,' the analysts wrote. If the conflict leads to a resolution or greater regional stability, Barclays said, 'it could be seen as bullish for risk assets over the medium term.' Energy stocks have outperformed in recent weeks, with the sector benefiting as 'a geopolitical hedge.' Barclays sees room for further gains, noting 'positioning in the energy complex remains depressed,' raising the potential for a short squeeze if tensions escalate. However, they remain cautious long-term, stating, 'We remain sceptical of a structural re-rating of the Energy sector.' By contrast, Barclays notes that Aerospace and Defence stocks have surged 61% year-to-date, though Barclays warned that valuations are now stretched ahead of next week's NATO summit. Related articles The Middle East crises could end up offering a good buying opportunity: Barclays Iranians open to uranium enrichment limits - Reuters Barclays sees Tesla Q2 deliveries at 375,000, below consensus Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
EXCLUSIVE: Dot Ai completes merger with SPAC ShoulderUp
- Dot Ai has announced the closure of a blank-check tie-up with special purpose acquisition group ShoulderUp Technology Acquisition Corp. that will see the asset intelligence start-up become a publicly traded company from next week. In a statement on Friday, SEE ID, which does business as Dot Ai, said its Class A common stock and warrants will begin trading on the Nasdaq under the ticker symbols "DAIC" and "DAICW," respectively, on June 23. Dot Ai offers a selection of tools that are designed to help businesses streamline their logistics and supply chain processes and bolster their operational security. Along with the merger with ShoulderUp, Dot Ai said it also raised $12 million in so-called private investment in public equity (PIPE) financing to help support its strategic growth plans. These include the expansion of Dot Ai's research and development goals and go-to-market plans as well as the development of its manufacturing operations based in Puerto Rico. With PIPE deals, special purpose acquisition companies can raise additional funds from private investors like hedge funds and institutions in exchange for shares prior to the deal being completed. Friday's announcement comes after Dot Ai and Würth Group's North American unit unveiled a new partnership in November to enhance the tracking service for the fastener maker's clients. The five-year agreement aims to accelerate order processes, improve performance metrics and optimize asset intelligence for these customers, the companies said in a joint statement on Thursday. 'As we enter our next chapter of growth as a publicly listed company, our team remains laser-focused on continuing to execute on our new product launches, building upon our transformative partnership with industrial manufacturing leader, Würth Industry USA, and finalizing contracts with key players across a variety of sectors," said Dot Ai CEO Ed Nabrotzky in a statement. Nabrotzky and ShoulderUp CEO Phyllis Newhouse are among seven people set to join Dot Ai's Board of Directors upon the closing of the combination, the company said. Additional board members are expected to be announced at a later date. Related articles EXCLUSIVE: Dot Ai completes merger with SPAC ShoulderUp Barclays sees Tesla Q2 deliveries at 375,000, below consensus Tesla's autonomous chapter 'one of the most important' in its history says Wedbush
