Crude Oil Rallies on U.S.-Iran War Escalation, APLD Beats Earnings, WOLF Pentagon Contract
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Crude oil is jumping back to the upside Thursday morning as tensions between the U.S. and Iran rise once again. Kevin Green analyzes the latest price action and ways this rally can set the stage for an even steeper run. In equities, KG turns to Applied Digital (APLD) earnings that showed a narrower-than-expected loss for the data center company. Wolfspeed (WOLF) also rallied after receiving a $1.5 billion loan from the Pentagon. Shares of PepsiCo (PEP) did rise on an earnings beat even after the company lowered guidance, as KG points to weakening consumer strength in North America. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47
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