Largest Oil Supply Shock In History, Early Movers, & Week Ahead - Monday Premarket 3/9/26

Good Morning Team,

The title of my weekend report on Friday was Defense is King.
Stock futures are lower after oil prices soared on Sunday night.
Oil prices are back off now and stock futures are erasing some of the overnight loss.
On Sunday night, oil prices soared to over $120/barrel as many Gulf states cut production.
The world is now experiencing its largest oil supply shock in history, losing nearly 20 million barrels of oil supply per day.

Top oil supply shocks:
1. Hormuz Closure (2026/Now): -20 million b/d
2. Iranian Revolution (1978): -5.5 million b/d
3. Yom Kippur War (1973): -4.5 million b/d 4.
Iraq-Kuwait War (1990): -4.3 million b/d
5. Iran-Iraq War (1980): -4.0 million b/d
6. Russia-Ukraine War (2022): -2.0 million b/d

Stay prepared, because some of the largest moves in the market come after the market falls.

Here's the pre-market action courtesy of MarketTerminal.com

Pre-Market Breakouts (Ex Hours Breakouts)
NTR, FANG, FTS, BBUC, XENE, IVT, TALO, SSL, RLMD, WTI, SLDB

Pre-Market Breakdowns (Ex Hours Breakdowns)
STLA, BF-A, ALH, AIOT, CGBD, JAGX

Pre-Market Movers UP (Ex Hours UP)
LYV, VG, VRT, LNG, HIMS, BBUC, DNTH, XENE, KC, IVT, MEOH, TALO, AGRO, SSL, VAL, NOG, MUR, QURE, BHVN, BATL, SLDB, CAPR, BCYC, RGNX, UMAC, HRTG, RAPP, REPL, NRIX, RCAT, GFR, GPRK, NGS, SCL, IPI, OBE, VET, JBIO, HPK, SOC, CGNT, FCEL, EGY, NSSC, INVX, ATRA, MOVE, CLPT, GTE, GEOS, MPLT, BNTC, INDO, AMPY, STTK, LGCY, PROF, STRO

Pre-Market Movers DOWN (Ex Hours Down)
AZN, MT, TECK, HMY, KEP, BCS, IHG, HL, CDE, SOFI, FOXA, NEM, SCCO, RYAAY, CCL, SAN, STLA, SBS, DAL, FCX, FIX, CRH, CUK, HLI, PAAS, AGI, CIEN, ULS, FER, CRBG, LUV, UAL, ELAN, CRDO, BBVA, APP, AG, RCL, B, DB, VALE, STRL, KGC, IAG, RACE, TER, WPM, NVT, ATS, PRM, IEP, AMPX, CGON, IBRX, BILL, SBSW, EXK, NESR, HAFN, GLBE, AXTA, TGB, SRRK, DAVE, CMRE, VSAT, ERO, HYMC, SKE, PRIM, SRAD, FORM, CALX, ALH, PPTA, ARIS, DXC, KNF, SSRM, WIX, USAS, ALK, EGO, GLOB, TMC, TTAM, IESC, MESO, LASR, TKR, SMR, ORLA, CRSP, VIAV, HBM, TFII, ZETA, SVM, ACMR, ETSY, UPST, FSM, NG, JOE, JEF, OLMA, AURA, RXST, ATEC, ORIC, ASM, FULC, HTFL, GHM, SG, THRM, MUX, GRRR, OPRA, CRI, MSBI, EOLS, LMB, NKTR, STGW, PDYN, NEXN, LBRX, SUPV, WLDN, IOVA, COHU, MTW, PGY, ADUR, SHO, SCHL, AMN, AMSC, ARDT, SB, ICHR, HCSG, CRML, NNE, AVO, DC, BBCP, AEHR, ARRY, EXPI, IMSR, PHOE, ASIX, BW, AZTA, SSTK, PLPC, GEMI, VPG, ORN, IBG, BNAI, BLFY, PHGE, ONEW, OPRT, XPOF, TSSI, SNBR, ALOY, GCO, STEM, EDSA, GSIT, DUOT, AVR, KPTI, WATT, BDSX, ASYS, LTBR, LTRX, HDSN

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Week Ahead

Monday
Economic Data: Gulf States Cut Oil Production Over The Weekend
Earnings Data: HP Enterprise (HPE), Casey’s General Stores (CASY)

Tuesday
Economic Data: February Existing Home Sales
Earnings Data: Nio (NIO), Kohl’s (KSS), BioNTech (BNTX), Oracle (ORCL)

Wednesday
Economic Data: February CPI Inflation
Earnings Data: Campbell’s (CPB), Bumble (BMBL), Petco (WOOF)

Thursday
Economic Data: None
Earnings Data: Dollar General (DG), Dick’s Sporting Goods (DKS), Adobe (ADBE), Ulta (ULTA), Lennar (LEN)

Friday
Economic Data: January PCE Inflation, January JOLTS Job Openings, US Q4 2025 GDP (First Revision)
Earnings Data: None

I'll be back after the open with today's breakouts report.

Enjoy your day!
Adam