Iranian Oil Sanctions to be Lifted

In trading today, all of the major indices were up by about 0.50%. The Dow added 76.83 points, and closed out the trading day at 16,330.40. The NASDAQ led the day in gains, growing 0.84% or 39.72 points to close at 4,796.25. The S&P 500 was up 10.25 points and closed out the trading day at 1,952.29.

United Continental (UAL) Gets New CEO

In a shakeup that came about from testimony in the ‘Bridgegate’ political scandal, United Continental’s (UAL) CEO stepped down.
The move seems to be precipitated by the former-CEO supplying free flights to a disgraced former politician that was part of Presidential contender Chris Christie’s team.

In trading today, shares of United Continental fell by 0.77 points. There is a small amount of uncertainty over the new CEO, who comes to United by way of the railroads. The worries about the new CEO have seen share prices fall 0.61% over the past 5 days. Stock prices for United Continental closed out today at $56.90 per share.

Apple (AAPL) Bounces Back

After the second product preview in a row that’s failed to turn heads. The announcement of lower iPhone prices, upgrades to Apple TV, and the 12.9” Apple iPad Pro didn’t get investors excited and resulted in a small selloff. Today, Apple (AAPL) bounced back, with a 2.20% gain in share prices and a 2.42 point jump. Shares of Apple closed the day at $112.57, a jump of 1.99% over 5 days.

Krispy Kreme (KKD) Down 12% on Missed Earnings

Former-darling Krispy Kreme (KKD) has struggled since its IPO, and today’s shareholder call didn’t help matters any. Krispy Kreme missed their earnings target due to soft retail sales in grocery stores and convenience stores across the country. Sales at Krispy Kreme factories were still high, but they’re the only thing carrying the company. In trading today, Krispy Kreme fell by 12%, shedding 2.08 points to close the day at $15.65 per share.

Iran Oil Sanctions On Track to be Lifted

Unless there is a large change in the politics in relatively short order, it looks like the deal with Iran is going to go forward. The move will lift sanctions and allow cheaper Iranian oil to go to market worldwide. Currently, Iranian sanctions prevent the company from selling their oil to global markets. This change could drive down the price of oil even further, and it could happen over the next month or two.
Published on Sep 10, 2015
By Aaron Phillips
Aaron Phillips is a financial researcher and journalist based out of Michigan. He regularly writes the IG Daily and IG Weekly columns.

Copyrighted 2016. Content published with author's permission.

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