Trump extended Iran strike deadline Friday sending stocks higher. The move reversed Wall Street's worst day since Middle East crisis began. Traditional 60-40 portfolios headed for worst month since 2022 per FT reporting as bonds and equities slumped together.
GD General Dynamics workers at Bath Iron Works ended weeklong strike Friday approving new contract. The defense contractor resolution came as shipbuilding demand stayed elevated. Space stocks jumped on reports of possible SpaceX IPO filing with LUNR Intuitive Machines and ASTS AST SpaceMobile leading gains.
European markets finished mixed as G7 ministers met. FT warned investors have nowhere to hide as fuel shipping costs remained up nearly five billion since conflict began. Ships forgo cargo to carry fuel as Middle East disruption persisted.
EVD CTS Eventim founder Klaus-Peter Schulenberg filed yesterday for eleven million in purchases showing rare German executive conviction. The ticketing giant CEO backed shares as European volatility spiked. Bollore and Pirelli grabbed fresh insider buying demonstrating Continental executive confidence.
PAVS Paranovus SI exploded 804 points in one week hitting 901%. The micro-cap entertainment stock cost to borrow jumped to 489%. FEED ENvue Medical surged 124 points reaching 135% SI with 386% CTB.
Cybersecurity stocks fell Friday after Anthropic AI security report pressured CRWD CrowdStrike and PANW Palo Alto Networks. TGT Target absorbed teachers union boycott call ahead of back-to-school season.
Energy dominated analyst upgrades with EOG EOG Resources and FANG Diamondback gaining target lifts. XOM Exxon reports Wednesday as week's marquee event.
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