The Rundown Target Sees Growth Ahead, Oil & Gas Prices Jump
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Mar 3, 2026 Markets react to Strait of Hormuz disruptions as oil and gas surge. Retailers make waves with Target forecasting its first sales growth in three years and Best Buy leaning on ad and marketplace strength. Apple rolls out a major product wave. Activist investment lifts Pinterest while On Holding trims its growth outlook. A surprising stat about reading habits closes the show.
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Middle East Conflict Is Driving Sudden Market Volatility
- Geopolitical conflict can quickly reverse market sentiment and drive energy-driven volatility.
- Zaid Admani notes markets dropped after strikes on Iran then rebounded, but oil jumped 7% then another 6% as Strait of Hormuz traffic halted.
Rising Energy Prices Could Stop Fed Cuts
- Energy supply shocks can resurrect inflation risks and block Fed rate cuts.
- Zaid highlights oil up double digits and natural gas up ~30% after Strait of Hormuz disruption and a Qatar LNG plant suspension.
Target Predicts First Sales Growth In Three Years
- Target sees a potential turnaround despite ongoing traffic and comparable sales declines.
- New CEO Michael Fidelke says February sales turned positive and Target guides for 2% full-year sales growth, first annual rise in three years.