Market Round Up: Iran In Trouble 😨 Amazon Takes Another Victim 🚑

by | 6 Nov, 2018

 

1. Iran In Trouble 

Iran has been slapped with the most onerous sanctions yet by the Trump administration, prompting Iran’s president to label them, “an act of economic war” – Yikes! So, what’s happening here?

The U.S. is demanding that Iran abandons its missile development program and refrain from supporting terrorist organisations in Syria, Yemen and other regions associated with militant activity.

In response, Iranian president, Hassan Rouhani, accused the U.S. of violating international law, announcing defiantly that his country would not give in to “the language of force, pressure and threats”. This was demonstrated with a large military exercise soon after the sanctions were announced.

The sanctions will undoubtedly hurt Iran more than the U.S., punishing Iran’s oil, shipping and banking sectors the most. Iran’s biggest petroleum customers, such as China and India have been given six months to stop all trade with Iran before facing penalties themselves.

Despite the severity of the sanctions, oil prices were relatively unaffected as markets had already anticipated sanction activity – market aficionados call this effect being “priced in”.

 

2. Amazon takes another victim

U.S. retail darling, Sears, is yet another victim of the online retail takeover driven by the e-commerce revolutionaries, such as Amazon.

Sears is on the brink of sealing a deal with new bankruptcy financiers to raise an eye-watering $600 million to bring its back to life with some vigorous CPR – that’s some bailout!

Amazingly, however, the amount should only just be enough to keep the beaten down retailer’s shelves stocked over the holiday period and emerge from bankruptcy proceedings in decent enough shape.

Sears have until 15 December to name the first of the vultures to start the bidding war for its hundreds of stores with the hope that the majority will survive the storm of bankruptcy Sears has been attempting to navigate.

This event speaks to the larger problem facing the retail sector, and the cause of the ‘death of the high-street’ and their related share prices – the e-commerce boom. Brick and mortar stores are a thing of the past, replaced by monstrous online platforms, like amazon, who are poised to absorb yet more market share this holiday season.

So, batten down the hatches because it may be a not so merry Christmas for the high-street share prices this year as Amazon gobbles up the competition.

2. Amazon takes another victim

U.S. retailer, Walmart, has had a strong open to the week as buyers have looked for safe stocks to invest in ahead of the midterm elections. Prices spiked yesterday, to resume a strong uptrend that has been in place since June. In times of uncertainty markets flood to quality companies for safety, so Walmart is one to keep an eye on in these turbulent times.

2. Amazon takes another victim

U.S. retailer, Walmart, has had a strong open to the week as buyers have looked for safe stocks to invest in ahead of the midterm elections. Prices spiked yesterday, to resume a strong uptrend that has been in place since June. In times of uncertainty markets flood to quality companies for safety, so Walmart is one to keep an eye on in these turbulent times.

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ALL RIGHTS RESERVED © INVSTR LTD. 2018

Risk Disclosure:
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Brokerage services are provided by the following:
US-traded securities, including fractional trading, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here.
India account traded securities are provided by SIC Stocks & Services PVT Ltd. SIC does not make any personal recommendations to buy, sell or otherwise deal in investments. Investors make their own investment decisions. The services and securities provided by SIC may not be suitable for all customers and, if you have any doubts, you should seek advice from an independent financial adviser. For more information and disclaimers, click here.

 

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