Morning Movers
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Oil Stocks – Remain on watch as energy markets continue to see extreme volatility, reports suggesting the US will ban imports of Russian crude oil today without EU participation. WTI up another 3% premarket, The international benchmark, Brent crude, reached a high of $139.13 at one point overnight before settling at $123.21 per barrel. XOM, OXY, CVX, MRO, DVN

Banks – Showing strength in early trading for the first time in a week as the 10YR makes a big bounce back above 1.80% after hitting a two-month low on Monday below 1.70%. We’ll get the latest reading on inflation with Feb CPI data on Thursday premarket. JPM, GS, WFC, BAC, C

BBBY.NQ -4.05%
Bed Bath & Beyond – Looking weak in early trading after yesterday’s sharp sell off, investors took the opportunity to exit positions Monday following news that billionaire investor Ryan Cohen has taken a nearly 10% stake in the highly shorted retailer.

AAPL.NQ -0.10%
Apple Inc – Shares are on watch as the company is set to hold a virtual product launch event at 1pm EST today, and some Wall Street analysts expect the company to announce a new budget SE iPhone.

Payment Companies – V and MA on watch both announced plans to increase fees this morning, the group was under significant pressure yesterday with multiple negative analyst moves. AXP, PYPL, SQ, V, MA

Clean Energy – Multi-day rally continues for solar and related companies as oil prices continue to soar making renewables far more attractive. JKS, SEDG, ENPH, FSLR are along among notable solar stocks rallying over the past few sessions. PLUG, FCEL, BE on the renewable side continue to benefit as well.

LMT.NY -0.54%
Lockheed Martin Corp – Defence stocks continue to benefit from the ongoing Russia/Ukraine conflict. LMT said it will invest more than $1 billion to localise military manufacturing in Saudi Arabia, Ray Piselli, its vice president of international business.

DKS.NY 5.78%
Dick’s Sporting Goods – Up more than 5% after beating expectations for adjusted earnings and revenue, according to estimates compiled by Refinitiv.

Small Cap Oil – Crazy moves in this group yesterday with the volatility in crude. NINE, USWS, USEG, INDO, IMPP, CEI, ENSV, MARPS.

Mining Stocks – A number of small cap metals based miners rallying with gold back to fresh 52wk highs breaking back above $2000, TMC, PLM, AQMS all active in early trading.

MULN.NQ 12.26%
Mullen Automotive – Continues to be highly mentioned on trading focused social media sites, the micro cap EV focused battery maker.

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