The article highlights escalating tensions in the Middle East following Israel's missile strikes on Iran's nuclear sites, resulting in significant market impacts. Oil prices soared over 7.8%, while the major stock indices, including the Dow Jones, Nasdaq, and S&P 500, experienced declines. Defense stocks surged alongside these geopolitical tensions, with notable gains for companies like RTX and Lockheed Martin. Markets are displaying heightened fear, as evidenced by a 13% rise in the Volatility Index (VIX). Despite the turmoil, select stocks like Netflix and Adobe remain favorable among analysts.
On this Friday the 13th, markets are reeling amid escalating tensions in the Middle East. Israel has launched missiles at Iran, targeting its nuclear program.
Oppenheimer is bullish on content streaming giant Netflix, reiterating its "outperform" rating on the stock and citing a "long subscriber runway" for the company.
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