07 January Watchlist 👀

 

Today we are watching…

1. Chevron (#chvrn)

The Kurdistan region of Iraq has become home to the likes of Chevron, Shell, Exxon, and BP over recent years, all vying to help the Middle Eastern country develop its oil fields. These winter months provide a valuable window to play in the sand and get vital maintenance and repair work done on facilities. However, soaring tensions between Iran and the United States have led Chevron to pull workers away for the time being. Oil producers in the gulf are some of the biggest in OPEC, so investors are also making bets on Brent as risks to its supply grow. The world is hoping the war of words between the US and Iran fizzles out soon so that Chevron employees can resume business as usual. However, investment portfolios are rotating into aerospace and defense stocks just in case. 

2. Amazon (#amzn)

Alexa is becoming a bigger and bigger character in our lives, recommending restaurants, switching off the lights at home, and now helping us pay for gas! At CES 2020 in Las Vegas, Exxon is partnering up with Amazon to help drivers of Alexa-enabled cars pay for fuel on-the-go. It’s a worrying development for over 11,500 service stations involved in current trials, but Nandeth Sheth, head of FinTech giant Finserv, believes it will benefit “millennials expecting a more modern experience, and mothers with kids in the car where temperatures are low.” Crooks frequently target gas stations to steal debit card information with hidden skimming devices, so voice-activated payments could quickly catch on. We’ll see!

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Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

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