πππThe US stock market has shown remarkable resilience on March 3, as major indices erased sharp early losses to trade near flat or modestly higher. Despite the escalation in the Middle East situation in Iran, investors are engaged in significant bargain hunting after an initial flight to safety.
Winners: Energy giants $Exxon Mobil(XOM)$ and $Chevron(CVX)$ are surging alongside Defense firm $Lockheed Martin(LMT)$ .
Surprisingly Bitcoin is up, jumping over 5%.
Losers are Travel and Airlines companies with $United Airlines(UAL)$ and $Delta Air Lines(DAL)$ dropping over 5%.
Gold prices surged to record high and Brent Crude leapt almost 9%.
It is bargain hunting time for me as there are many stocks on sale including Singapore's Big 3 banks - DBS, OCBC and UOB.
As Warren Buffett famously said " Be fearful when others are greedy, and greedy when others are fearful."
@Daily_Discussion @TigerStars @Tiger_comments @TigerClub @CaptainTiger @Tiger_SG
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments