On Monday, stock markets showed mixed results as concerns about the U.S.-Iran military conflict dampened investor sentiment, leading to a rise in oil prices, with West Texas Intermediate crude surpassing $80 a barrel. This increase in oil prices also contributed to higher bond yields, which pressured stock prices.
Investors are particularly focused on the upcoming consumer price index report, especially after a disappointing jobs report last Friday reduced expectations for a Federal Reserve interest rate hike in September.
Intel's shares fell over 3.5% following its announcement to raise $15 billion through stock sales, which portfolio director Jeff Marks noted would dilute existing shareholders but reflects strong demand in its manufacturing and AI sectors. Despite this, the CNBC Investing Club decided to increase its position in Intel.
Meanwhile, Boeing's agreement to sell three noncore subsidiaries to Archer Aviation for a 20% stake in the company was well-received, with Archer's shares jumping over 13%. This $1 billion deal aligns with Boeing CEO Kelly Ortberg's strategy to streamline operations and focus on improving production and cash flow, while still maintaining exposure to the electric aircraft market.
Lastly, Cardinal Health is set to report its fiscal fourth-quarter earnings, with analysts anticipating a 12% growth in earnings per share for fiscal 2027, which aligns with the company's history of double-digit growth. Following a previous decline, Cardinal's shares have rebounded, and the company is viewed positively for long-term investment potential