Morning brief — Jun 7: Oil spikes as Iran attacks Israel — ride the energy surge with Chevron and oil funds
Iran just fired missiles at Israel, putting a fragile ceasefire in jeopardy. Also in focus: Ai chips, Ai ipo, Defense.
Ideas in this brief (7)
- Oil spikes as Iran attacks Israel — ride the energy surge with Chevron and oil fundsLONG · CVX, USO, XLE
Iran just fired missiles at Israel, putting a fragile ceasefire in jeopardy. Because the conflict could disrupt global oil shipments, the price of oil is spiking.
- Motorola's $1.5 billion acquisition is a wake-up call — the competitor they're chasing is the real buyLONG · AAXN
Motorola just spent $1.5 billion to acquire D-Fend, reigniting a direct competition with Axon Enterprises. Axon is the dominant player in the law enforcement technology market.
- Nvidia and SK Hynix team up on chip shortage — ride the AI hardware boomLONG · 000660.KS, NVDA
Nvidia's CEO is warning that the global shortage of AI chips is far from over, and the company is holding a major press conference with South Korea's SK Hynix on Monday to announce new cooperation plans. Bank of America also just updated its Nvidia forecast after a direct meeting with the CFO.
- SpaceX and OpenAI hype is building — buy the AI infrastructure they both rely onLONG · GOOGL, MSFT, QQQ
Two of the most valuable private companies in the world, OpenAI and SpaceX, are preparing for highly anticipated public stock offerings. OpenAI is overhauling its platform into a 'superapp' ahead of its debut.
- Central banks hoarding gold while the dollar weakens — accumulate gold miners as a safety hedgeLONG · GDX, GLD
Central banks around the world, including China, are buying up massive amounts of gold. This is happening while investors worry about inflation from the war and the U.S. dollar slowly losing its global dominance.
- Middle East tensions and dropping oil supplies — ride the energy squeeze on Chevron and ExxonLONG · CVX, USO, XLE
Oil prices are being pushed to multi-year highs as the war in the Middle East continues to escalate. At the same time, U.S. crude oil storage levels are dropping toward a critical low point.
- Market crash wipes out $1.8 trillion while Brookfield buys $1 billion of its own stock — buy the dip on BNLONG · BN
The stock market just suffered its worst single-day wipeout in recent memory, obliterating $1.8 trillion in value and sending tech stocks reeling. Despite the broad panic, Brookfield Corporation just announced a massive $1 billion buyback of its own stock.
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