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The Wealth Advisor

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The Wealth Advisor is today’s most relied-on source of news and education for planners and advisors. We scan the news so you don’t have to, sending you what you don’t want to miss…but don’t always have time to find yourself without poring through dozens of publications. The Wealth Advisor sends you a handy once-a-week list of the most important news, hand-picked by our staff for its importance to investment advisors and their practices.

10 Oil Stock Picks For A Prolonged Middle East Conflict: Goldman Sachs

(Yahoo! Finance) - The high oil prices due to the Iran conflict are lifting oil-related stocks, per Goldman Sachs.

Goldman strategist Neil Mehta dropped a tidy list Monday afternoon, highlighting 10 Buy-rated stocks where he sees above-average upside at $75 per barrel for Brent (BZ=F) crude oil.

Considering oil prices may remain elevated above that level in the near term, the stocks may prove to be a gusher as investors position for bumper profits.

Morgan Stanley Says Earnings Shield S&P 500 From Iran War

(Bloomberg) - Accelerating earnings are protecting the S&P 500 from deeper losses and masking a broader pullback in US equities, according to strategists at Morgan Stanley.

The team led by Michael Wilson points to resilient earnings and continued economic recovery as reasons the S&P 500 has fallen less than 10% since hitting a record high in January. Beneath the surface, they see evidence that stocks are in the “final phase” of a correction.