As stock markets get closer to the annual “Sell in May” mantra, investors have more volatile stocks to watch on Monday. On and off talks between Israel, the U.S., and Iran will dominate mainstream media news.
Bitcoin (BTC-USD) rose to above $78,000 on April 17 after Iran said the Strait of Hormuz would open. That lifted Strategy (MSTR), which continues to accumulate BTC holdings. When Iran said the Strait would close on Saturday since the U.S. still blockaded it, expect MSTR stock to fall this week.
Global Foundries (GFS) gained 8.65% to close at a 52-week high last week. Its stock buyback of $300 million on March 12 is paying off. GFS stock rose from around $42 to close at $54.75.
Among the stocks to avoid, watch Bath & Body Works (BBWI). Expect the 7.59% rally on April 17 to fade. Short interest is 6.92%.
LyondellBasell (LYB) might recover from the 11.98% drop. Shares peaked at $83.94 amid the Strait’s closure. Dow (DOW), CF (CF), and Corteva (CTVA) also rewarded investors.
While Albemarle (ALB) gained 19% in the last month, DuPont (DD) rose by only 4%. Investors might consider watching DD stock.
DuPont benefits from the supply chain disruption for plastics linked to the Middle East conflict.
Related Stories
