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Most of the earnings announcements this week will be financial stocks, and by and large, they should report good results.
The latest earnings announcement season began with the strongest result in five years.
KEY POINTS
- U.S. Navy has blockaded all Iranian ports and controls the Strait of Hormuz.
- Manta Ray drones will be used to detect possible Iranian mines before allowing ship passage.
- The U.S. is cutting off IRGC revenue to pressure Iran back to negotiations or prompt regime change.
- U.S. economic growth is projected to accelerate to nearly 5% annual GDP despite Strait tensions.
COMPANIES
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