economy
Here are our top and bottom stocks over the past month. Not much green on the board
The stock market has spent the past month starved of good news.
TL;DR
- The U.S. and Israel's attack on Iran, Iran's closure of the Strait of Hormuz, and subsequent retaliatory strikes have caused oil prices to surge and stock markets to decline.
- CrowdStrike and Palo Alto Networks, initially performing well due to increased demand for cybersecurity amid conflict, have seen their stock prices fall due to worries about AI disruption.
- Cisco Systems, benefiting from the AI buildout boom and demand for its networking equipment, has seen minor losses, though memory shortages pose a challenge.
- Meta Platforms has experienced significant losses following a jury verdict finding it and Google negligent in warning users about social media dangers.
- Nike's stock has declined due to concerns about consumer spending during a prolonged conflict and potential rekindling of inflation, alongside bearish analyst calls.