By Zacks Equity Research
Publication Date: 2026-03-18 13:50:00
Chicago, IL – March 18, 2026 – Stocks in this week’s article are Ross Stores, Inc. ROST, Globe Life Inc. GL, Broadcom Inc. AVGO, Colgate-Palmolive Co. CL and TE Connectivity plc TEL.
After a tumultuous past week, the broader equity markets witnessed an uptrend yesterday as oil prices cooled with the U.S. administration allowing Iranian oil tankers to pass safely through the Strait of Hormuz. Oil prices had earlier surged to record highs as traffic in the critical shipping route had halted since the war between Iran and Israel, backed by the United States, began. As tensions escalated and spread into the neighboring countries, crude oil prices soared to as high as $120 a barrel, sending shockwaves throughout global bourses. This forced the International Energy Agency to release one of the largest oil reserves to stem the oil price volatility.
President Trump has vowed to form a coalition of countries to escort ships through the Strait to rein in oil prices,…
