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.