VIDEO: It’s Not Just Oil That Goes Through the Strait of Hormuz
Chris joins the Schwab Network to discuss supply disruptions, Costco, Marvell and an important upcoming conference.
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Straight of Hormuz
Chris Versace joins the Schwab Network to talk with Jenny Horne today.
In the video (link below), Chris explains he is watching oil, of course, but also keeping a very close eye on fertilizer as around 25% of the world’s supply moves through the Strait of Hormuz. Disruptions there could affect the world’s food supply.
Chris also highlights an upcoming conference where airline leaders will speak and what he’s looking for in their commentary, with energy prices high.
He likes Costco (COST) and examines its earnings, describing “very powerful tailwinds.” Chris also shares his take on Marvell's (MRVL) earnings and explains why the market should be following second derivatives when it comes to headlines moving the markets as we close out the trading week.
Members can watch Chris's conversation with Jenny Horne of the Schwab Network here.
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At the time of publication, TheStreet Pro Portfolio was long COST and MRVL.
