Stock Movers Oil and Defense Stocks Rise; Fiserv Stablecoin Pop
Jun 23, 2025
Rising oil prices are in the spotlight, driven by tensions in the Israel-Iran conflict. ExxonMobil shows a notable upswing as inflation concerns heighten. Meanwhile, defense stocks like RTX Corp and Lockheed Martin gain momentum amid fears of broader conflict in the Middle East, fueled by recent military actions. In the fintech realm, Fiserv Inc. is making waves with plans for a new stablecoin platform that could connect thousands of financial institutions and merchants, signaling an innovative shift in the market.
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Geopolitics Boost Energy & Defense Stocks
- Geopolitical conflicts significantly drive oil prices and defense stocks upwards.
- The Israel-Iran tensions and upcoming NATO summit fuel these market movements today.
DoorDash Surges on Analyst Upgrade
- DoorDash rose significantly after a strong buy rating and raised price target from Raymond James.
- This demonstrates how analyst upgrades on fundamentals can move stocks independently from macro factors.
Fiserv's Stablecoin Strategy Emerges
- Fiserv is gaining heavily due to plans to launch a stablecoin and platform for financial clients.
- This move taps into the bullish sentiment around stablecoins after positive regulatory signals.