Crude Oil Nov 26 (CLX26.NYM)
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Bitcoin, oil, gold: Morning price check
Bitcoin (BTC-USD) rose slightly on Monday morning following the much-anticipated halving. Meanwhile, oil (CL=F, BZ=F) and gold (GC=F) prices are trading slightly lower as geopolitical tensions ease. Yahoo Finance's Madison Mills recaps the latest market action on the full episode of Morning Brief. This post was written by Stephanie Mikulich.
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SLB posts Q1 earnings beat, sees softening oil demand in US
Shares of Schlumberger Limited (SLB) are dipping slightly on Friday as the oil drilling operator posted its first-quarter earnings, beating Wall Street revenue expectations for the quarter but disappointing on its failure to truly capitalize on the recent jump in oil prices. Yahoo Finance Anchors Julie Hyman and Madison Mills break down the latest development for the company and what it could mean for the stock moving forward. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
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The macro headwinds that geopolitical risks may stir up
As tensions in the Middle East escalate, investors are reevaluating their portfolio allocations to offset any geopolitical risks. Brandywine Global Portfolio Manager John McClain joins the discussion to provide insights on navigating this environment while crude oil prices (CL=F, BZ=F) are also slowly ticking up Friday. McClain highlights three key factors that investors should consider from a "macro perspective." Firstly, he sees "a lot of upside potential" for oil prices, driven by a supply-demand dynamic. Secondly, McClain emphasizes the importance of interest rates, calling the US Treasury market "a safe haven," although he cautioned that investors "have to be careful" with their positioning along the yield curve. Lastly, he highlights the "US exceptionalism" in the foreign exchange (FX) market with the US dollar benefiting from being "the only place to go for AI." When it comes to portfolio construction, McClain advises investors to focus on "what industries are driving" the particular region they are invested in. He underscores the crucial role played by central banks and their monetary policies, which can significantly impact portfolio performance. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
