HomeLifestyleRetailThe Wrap: Energy Stocks, BBBY, & Oil Rally, Volatility Remains Elevated
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The Wrap: Energy Stocks, BBBY, & Oil Rally, Volatility Remains Elevated

All four indices finished in the red today due to a few factors: the Russia-Ukraine tensions, energy concerns, and inflation. Scott Connor weighs in on oil trading up over $130 a barrel in the overnight session. Also, the VIX or the Fear Index was up almost 14% today. Some new terminology like “boycotts”, “embargo”, and “stagflation” are becoming popular among investors as of late. Next, Connor weighs in on the energy stocks like Exxon Mobil (XOM), Chevron (CVX), Shlumberger (SLB), and Halliburton (HAL). In terms of consumer discretionary, both Amazon (AMZN) and Tesla (TSLA) shares were down for the day. However, Bed Bath & Beyond (BBBY) was up over 34% due to Ryan Cohen, GameStop Board chairman, buying a nearly 10% stake. Tune in for the full segment.

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07 Mar 2022

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