Gold Tumbles, Iran Sends Oil Higher
Presented by
CLOSING BELL
Gold Tumbles, Iran Sends Oil Higher
Tuesday trade followed a mostly falling market, as Crude oil prices climbed to nearly 9% intraday. Oil is up 15% or so, on the fourth day of what once was called a weekend bombing operation in Iran, today labeled a war by Secretary of State Marco Rubio in Washington. Maybe it was just a slip of the tongue in front of pesky reporters.
Either way, as Iran bombs embassies and other Gulf states consider responding, ships are afraid to sail or chug along through the Strait of Hormuz, sending gas prices up 10C higher according to the AAA, as natural gas and gold fall. They might continue to climb 10-25C in the coming week, @GasBuddyGuy Patrick De Haan told Yahoo Finance.
South Korean equities were hit hard, their economy relies basically entirely on imported oil, 70% of it coming from what is now a war zone. The KOSPI index is still up nearly 40% for the year compared to the bleak -0.4% of the S&P 500, but energy droughts will hurt progress.
Gold tumbled in a sell-off and one-time record high prices on all sizes of energy companies collapsed into the red.
The President said he would do whatever it takes to win, mentioning a four to five WEEK timeline, and said he would offer insurance to ships braving the Gulf waters. That means both underwritten insurance policies, but also military tankers and attack jets to safeguard shipping in the 20-mile stretch if need be. WTI hit prices last seen last summer during the 12-day back-and-forth ballistic war between Israel and Iran.
AFTER THE BELL
Why Won’t Anything Go Up After Market 🥵
CrowdStrike’s AI-Driven Scale Explodes: The cybersecurity giant delivered a resounding beat for its fiscal Q4. It was climbing after the bell, but switched into a fall. $1.31B revenue vs. $1.30B consensus, up 23% year-over-year. $1.24B of that revenue came from subscriptions.
“Our record results showcase the durability of our growth and cash flow generation. As enterprises rapidly adopt AI, CrowdStrike is mission-critical infrastructure,” George Kurtz, founder and CEO said.
A landmark shift to GAAP profitability and a 47% surge in net new ARR highlight the efficiency of the Falcon platform’s “Agentic Security” roll-out. It’s a crowded market, and recent pushes from Anthropic towards AI cybersecurity vibe coding abilities make just meeting estimates more akin to missing estimates. 🦅
GitLab’s AI Momentum Accelerates: The code development website also showed up. Despite a revenue and adjusted earnings beat, its forward Q1 guidance and full-year numbers came in below expectations. Also, my vibe coders let me ‘commit to github’ if I so choose, and I never to, because the files are just fine in a huge mess on my desktop, so take that as you will. 🦊
Twitter tweet
SPONSORED BY XTRACKERS
Xtrackers CRTC: Invest in the Companies Essential to America’s National Security
The Xtrackers US National Critical Technologies ETF (CRTC) targets the next decade’s most consequential technology themes while managing geopolitical exposure.
The U.S. government is collaborating with leading global corporations, investing in initiatives essential to securing America’s economic and national security. This approach aligns with the core rationale behind CRTC: allocating to companies creating resilient, secure, and strategically important technologies.
-
Policy alignment: Invests in companies across the critical and emerging technologies aligned with national security interests.
-
Geopolitical risk control: Uses a Geostrategic Risk Rating (GRR) to screen for supply chains, revenues, alliances, and governance.
-
Diversified tech: Caps single company exposure at 5% to avoid overconcentration.
Learn how CRTC aligns your portfolio with today’s global geopolitical risk environment.
See Xtrackers Disclosure here.
*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.
HEALTHCARE
Moderna Is Off the Hook for This Vaccine Lawsuit 💉
Moderna Clears Patent Overhang: The biotech giant secured a definitive end to its long-standing Covid litigation, with $MRNA surging 11% after hours as the market cheered the removal of a primary structural risk to its mRNA platform:
$2.25B total settlement reached with Genevant Sciences and Arbutus Biopharma. $950M upfront payment scheduled for July 2026, plus $1.3B contingent on legal appeals. $ABUS shares rose 11% while $ROIV gained 1% in extended trading.
The deal resolves all global disputes regarding the LNP delivery technology used in Spikevax. In simpler terms, these firms sued over the tech that made Moderna’s Covid-19 vaccine happen. While the multibillion-dollar payout is substantial, the settlement provides the necessary clarity for Moderna. It’s no longer hanging over investors heads. 🧬
SPONSORED BY BTQ
Q-Day Is Coming | BTQ CEO Explains the Quantum Threat to Global Economy
Check out this BoardRoom Exclusive!
*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.
TRENDING STOCKS
Tops and Bottoms
-
$WDAY ( ▲ 7.16% ) Workday: surged +7% after analyst upgrades citing earnings momentum
-
$TEAM ( ▲ 6.21% ) Atlassian: climbed +6% after institutional buying
-
$TRI ( ▲ 6.0% ) Thomson Reuters: ripped +6% after announcing new share repurchase program
-
$NEM ( ▼ 7.75% ) Newmont: slid -8% after gold prices pulled back sharply
-
$MU ( ▼ 7.99% ) Micron: tanked -8% after trade and storage concerns
-
$SNDK ( ▼ 8.67% ) SanDisk: fell -9% after Citron Research issued short call
-
$HUT ( ▼ 9.71% ) Hut 8: tumbled -10% after widening losses and asset write-downs
-
$SENS ( ▼ 18.07% ) Senseonics: collapsed -18% after delaying earnings to late March
-
$INDO ( ▼ 22.11% ) Indonesia Energy: cratered -22% after US solar tariffs hit sentiment
ST MEDIA
Top Stocktwits Stories 🗞️
Don’t miss a story! Follow @StocktwitsNews for a live feed in real time. ✍️
WHAT’S ON DECK
Tomorrow’s Top Things 📋
Macro: ADP Employment (8:15 AM ET), ISM Svc (10:00 AM ET), EIA Petroleum (10:30 AM ET). 📊
Pre-Market Earnings: $OCGN, $CLRB, $XTNT, $ANF, $EYPT, $WIX, $AMPX ☀️
After-Market Earnings: $MVIS, $AVGO, $CHPT, $RGTI, $STEM, $LODE, $TOVX, $OKTA, $VSTM, $BULL, $AQST, $SES, $VEEV, $CDTX, $ALTO, $REI,🌙
P.S. You can listen to all of these earnings calls on Stocktwits.
Links That Don’t Suck 🌐
🦅 WATCH: Sen. Tillis calls for Noem’s resignation in full questioning at oversight hearing
😨 Scoop: Lutnick volunteers to testify on Epstein ties
🏠️ Volatility Is Surging. Here’s the Level It Becomes a Buy Signal for Stocks.
💰️ The Live Nation trial could reshape the music industry. Here’s what you need to know
📺️ Here are all the countries now involved in the Iran conflict
🪖 Sam Altman tells OpenAI staffers that military’s ‘operational decisions’ are up to the government
Terms & Conditions 📝
Securities Disclaimer: STOCKTWITS IS NOT A TAX ADVISOR, BROKER, FINANCIAL ADVISOR OR INVESTMENT ADVISOR. THE SERVICE IS NOT INTENDED TO PROVIDE TAX, LEGAL, FINANCIAL OR INVESTMENT ADVICE, AND NOTHING ON THE SERVICE SHOULD BE CONSTRUED AS AN OFFER TO SELL, A SOLICITATION OF AN OFFER TO BUY, OR A RECOMMENDATION FOR ANY SECURITY. Trading in such securities can result in immediate and substantial losses of the capital invested. You should only invest risk capital and not capital required for other purposes. You alone are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should also consult an attorney or tax professional regarding your specific legal or tax situation. The content is to be used for informational and entertainment purposes only and the service does not provide investment advice for any individual. Stocktwits, its affiliates and partners specifically disclaim any and all liability or loss arising out of any action taken in reliance on content, including but not limited to market value or other loss on the sale or purchase of any company, property, product, service, security, instrument, or any other matter. You understand that an investment in any security is subject to a number of risks and that discussions of any security published on the Service will not contain a list or description of relevant risk factors. In addition, please note that some of the stocks about which content is published on the service have a low market capitalization and/or insufficient public float. Such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information. Read the full terms & conditions here. 🔍
Author Disclosure: The author of this newsletter does not hold positions in any of the securities or assets mentioned. 📋
