Oil and Defense Stocks Fall; Fiserv Rises Again

On this episode of Stock Movers:
- ExxonMobil (XOM) is lower this morning along with other major oil giants like Chevron (CVX) as the US, Israel, and Iran work toward a truce. President Trump called on Israel to stop dropping bombs on Iran, calling it a “major violation” of a fragile ceasefire between the two countries he announced just hours beforehand. Moments earlier, Trump told reporters he believed both Israel and Iran had violated the ceasefire but said he believed the fragile truce which was already being tested would hold.
- Newmont Corp. (NEM) is following oil lower as commodities drop on news of a truce. “I think they both violated it,” Trump said as he departed the White House to attend the NATO summit at The Hague. But when asked if the ceasefire was breaking, Trump responded “I don’t think so.”
- Lockheed Martin (LMT) is down today following commodity stocks lower. The fragile truce followed an extraordinary night in which Tehran retaliated against a US attack by launching missiles at an American air base in Qatar, with no casualties reported.
- Fiserv (FI) shares are higher this morning after Mastercard deepened its partnership with Fiserv to integrate its new FIUSD token across a range of Mastercard products and services, expanding stablecoin adoption and utility for their shared customers around the world. Mastercard says people and businesses can use the new, programmable, blockchain-based token across more than 150 million merchants

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