HomeBusinessEnergyThe Wrap: Energy Up & CRM, PYPL, LOW, F, MRNA Down Today
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The Wrap: Energy Up & CRM, PYPL, LOW, F, MRNA Down Today

Wall Street saw a winning week this week. Both crude oil and gasoline finished higher today. Also, the 10-Year Treasury Index (TNX) was up over 6%. Is the fear coming out of the market with VIX being down below the 21 level? Next, Scott Connor weighs in on the energy sector being the best performer today and up over 7% this week. Energy stocks include Exxon Mobil (XOM), Chevron (CVX), Phillips 66 (PSX), Kinder Morgan (KMI), and ConocoPhillips (COP). On the other hand, consumer discretionary and technology sectors were under pressure. Some of these stocks include Microsoft (MSFT), Salesforce (CRM), PayPal (PYPL), Lowe’s (LOW), and Ford Motor Co. (F). In terms of individual stocks, SVB Leerink cut the Moderna (MRNA) price target to $80 and the stock finished down over 7%. Additionally, FedEx (FDX) will test electric carts for last-mile delivery. Finally, Scott Connor discusses eco data like the Consumer Sentiment report and Pending Home Sales report.

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25 Mar 2022

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