Equinor, Eneco Ink Five-Year Deal For Natural Gas Deliveries

Shares of oil and gas-related companies are trading higher after reports suggesting that Iran placed its armed forced on high alert for 72 hours. Also, reports of an attempted Houthi strike on Saudi Arabia's Red Sea port of Yanbu and another Iranian strike on a vessel near the Strait of Hormuz may fuel concerns that high energy prices may persist and benefit the sector.

Standard Lithium Appoints Ralph Alexander to the Board of Directors

Standard Lithium Ltd. announced the appointment of Ralph Alexander as an independent board member effective immediately. Alexander brings over 40 years of experience in energy, chemicals, power and infrastructure sectors, including previous roles as CEO of Talen Energy Corporation and Managing Director at Riverstone Holdings. The company granted him 300,000 incentive stock options as part of the appointment.

New Strong Buy Stocks for October 12th

Five stocks have been added to the Zacks Rank #1 (Strong Buy) list, driven by increasing earnings estimates over the last 60 days. The stocks span energy, manufacturing, entertainment, insurance, and retail sectors, with earnings estimate increases ranging from 10% to 15.4%. The market is focused on upcoming CPI and PPI inflation reports and the start of Q3 earnings season.