🛢 Trump is promising to end the war in Iran only after the midterm Congressional elections (November 3), while Iran intends to fight until 2029 and has seized control of a second maritime route out of the Middle East. The energy crisis is gaining momentum, and American oil producers are the ones profiting most from it:
⏺ Occidental Petroleum
⏺ EOG Resources
🔴 Marathon Petroleum – +137% YTD, makes sense to enter on a pullback
🟢 Chevron – recently closed a $7B deal with Venezuela
⏺ Enterprise Products
💊 On August 19, Moderna surged 134% in a single day. AI has significantly accelerated new drug development; according to Bank of America, the next pharma winners will be:
⏺ AstraZeneca – strong pipeline of new drugs and an attractive risk/reward profile
⏺ Genmab – high conviction in positive Phase 3 clinical trial results later this year
🕡 In late August, Nvidia set a new revenue record, confirming that AI demand remains robust.
Bank of America echoes this strong demand and recommends Micron Technology, viewing the recent dip in memory chipmakers as a buying opportunity. Current price: $977; the bank's target price: $1,550.
P.S. On Bitcoin, Wall Street whales are split down the middle: half are looking for $100k by year-end, while the other half expects $50k.