U.S. stocks are on an impressive run heading into this week’s slate of earnings, with an index of semiconductor names notching its longest winning streak on record, the Magnificent Seven tech giants rising nearly 20% since late March, and the broader (SPY) notching a series of record highs last week that pegs the benchmark well north of the 7000-point mark.

It is seeking to recover higher ‌costs from customers after the U.S.-Israeli war on Iran and the effective closure of the Strait of Hormuz disrupted global supply chains. Its shares were up 3.7%. The ​impact was most pronounced in Qatar due to force majeure and the suspension of offshore operations, and in Iraq due to security conditions. The Middle East is SLB's biggest market. During the quarter, revenue from the Middle East and Asia ​dropped 10% to $2.69 billion. Buy (SLB) on dips.

Production bottlenecks and uncertainty over the US’s military budget have led investors to sell global defense stocks despite ongoing conflicts in the Middle East. Share prices of leading American defense companies Lockheed Martin (LMT), Northrop Grumman (NOC), and Raytheon (RTX), have all fallen since the US bombed Iran at the end of February, despite the military’s massive expenditure of ordnance over the past two months drawing attention to mounting production backlogs. The US has burned through munitions much faster than it can produce them. The problem is that defense companies may get some money up front, but they don’t typically profit until they deliver years down the road.

Some 300,000 Tesla’s come off leases this year, and 600,000 in 2027. Residual values have plumed with some models trading at a 60% discount to their purchase prices in only three years. That sets up great deals for consumers now desperate of gasoline alternatives. Some 25% of new cars sold worldwide were EV’s in 2025.

as tighter global supplies, driven by ‌the Middle East conflict, highlight the need for investment, particularly in North America. The Iran War has halted 20% of the world's oil that usually flows through the now-closed Strait of Hormuz and shut in 9 million barrels a day of oil production, causing Asian and European countries to scramble for supplies. It has also ​focused attention on energy security and the need for supply diversity. Buy (BKR) on dips.