CCOI's revenue dips 4.7% YoY, but EPS beats. Stock up 21.6% monthly, trades below $26.18 target.
Oil prices surge towards $120 on Strait of Hormuz fears; rationing looms as reserves dwindle.
Value stocks surge as growth gets pricey. Miller buys BLMN (6x Fwd EPS, 80% off high) & CRGY (8x Fwd EPS, +61% YTD).
SONO heads into earnings up 9.2% MoM, target $19.13 vs. $14.84 price. Peers surge on strong results.
Opec+ will raise output by 188,000 bpd in June, but the move is largely symbolic while the Strait of Hormuz remains closed following the US-Israel attack on Iran in late February.
A light Economic and event calendar in Asia - China and Japan markets on holiday
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