SAVE

1 deep-dive · 5 policy notes

What has moved SAVE

5 dated calls from the policy coverage · 0 positive · 4 negative · 1 watch

Watch2026-10-13
Same fuel logic as the majors, but the balance sheet is the binding constraint on this name rather than the crack spread
Policy Pulse - Trump / US Watch - 13 Oct 2026
Negative2026-09-11
Jet fuel tracks diesel; every week above USD 100 crude cuts consensus FY27 EPS
Policy Pulse - Global Spillover - 11 Sep 2026
Negative2026-09-10
Fuel is the largest controllable cost; a USD 100+ tape with gasoline above USD 4.20 also compresses leisure demand
Policy Pulse - Global Spillover - 10 Sep 2026
Negative2026-09-10
Jet fuel tracks diesel; USD 100 crude plus a hawkish Fed is the worst combination for unit costs
Policy Pulse - Trump / US Watch - 10 Sep 2026
Negative2026-09-09
Jet fuel at record highs; fuel is 30-40% of airline costs and the tanker war removes the near-term relief path
Policy Pulse - Trump/US - 09 Sep 2026

Deep-dive research

XOM:CVX:OXY:EOG:COP:HAL:SLB:BP:SHEL:USO:DAL:UAL:AAL:LUV:SAVE:CCL:RCL:NCLH:TSLA:STLA:GM:F:WMT:TGT:COST:AMZN:HD:LOW:ROST:TJX:FIVE:MP:PLTR:LMT:GD:NOC:RTX:HWM:GE:HII:AA:KALU:CENX:CLF2026-07-21

Policy Pulse — Global — 21 Jul 2026

🌍 Hormuz crisis: Day 9 of US strikes on Iran, Houthis blockade Saudi, Brent at 9.22, US gas at /gal. Canada hit with 50% Section 338 tariffs on 0B of goods. Section 122 expires in 3 days (Jul 24). Impact: 🟢 BUY XOM, CVX, OXY, WMT, TGT, COST, TSLA, MP | 🔴 SELL DAL, UAL, AAL, CCL, STLA

us-onlystocksglobaliranoil

Mentioned in Policy Pulse

XOM:CVX:OXY:EOG:COP:HAL:SLB:USO:DAL:UAL:AAL:LUV:SAVE:CCL:RCL:NCLH:SPY:QQQ:DJT2026-09-09

Policy Pulse - Trump/US - 09 Sep 2026

Brent crosses USD 100 as the US destroys 5 more Iranian tankers and Iran threatens Gulf ports; Dow closes -628 (S&P -0.6%) into Thursday CPI with ~55% Sept-hike odds. BUY XOM/CVX/HAL, SELL DAL/UAL/CCL, watch SPY/QQQ.

policy-pulseus-onlyoilgeopolitics

XOM:CVX:OXY:EOG:COP:HAL:SLB:USO:OIH:DAL:UAL:AAL:LUV:SAVE:CCL:RCL:NCLH:SPY:QQQ:NVDA:MSFT:GOOGL:META:DJT2026-08-17

Policy Pulse — Trump/US — 17 Aug 2026

Crude climbs ~1.1% to ~$89.50 on the indefinite Hormuz blockade; July retail sales -0.6% pulls yields off highs ahead of Wednesday FOMC minutes — BUY XOM/CVX/OXY, SELL DAL/UAL/CCL; AI rally pauses

policy-pulseus-onlytrumpcrudeoil

XOM:CVX:OXY:EOG:COP:HAL:SLB:USO:DAL:UAL:AAL:LUV:SAVE:CCL:RCL:NCLH:SPY:QQQ:WMT:COST:AMZN2026-08-03

Policy Pulse — Trump / US — 03 Aug 2026

Trump cancels Iran strike, opens Hormuz talks — oil crashes ~6%. SELL energy (XOM, CVX, OXY), BUY airlines/cruises (DAL, UAL, CCL) and consumer.

policy-pulseus-onlyiranoilenergy

XOM:CVX:OXY:EOG:HAL:SLB:COP:DAL:UAL:AAL:SAVE:CCL:RCL:NCLH:PLTR:LMT:GD:NOC:AAPL:MSFT:AMZN:META:WMT:TGT:COST:HD:LOW2026-07-27

Policy Pulse — Trump/US — 27 Jul 2026

US-Iran war pause holds — oil crashes 7%, S&P 500 rallies 1%. Brent at 85. Airlines/cruises reverse to BUY. Defence stocks dial back to HOLD. Fed week + Big Tech earnings in focus. Trump meets Netanyahu tomorrow on Iran trajectory.

policy-pulsetrumpus-onlyiranoil

WMT:TGT:COST:AMZN:HD:LOW:XOM:CVX:OXY:EOG:HAL:SLB:DAL:UAL:AAL:SAVE:CCL:RCL:NCLH:PLTR:LMT:GD:NOC:RTX:HII:LLY:MRK:JNJ:PFE:ABBV:TEVA:MYL2026-07-24

Policy Pulse — Trump/US — 24 Jul 2026

Section 122 expires, replaced by Section 301 (10-12.5%) forced labor tariffs on 60 economies. Iran tariff EO signed. Hormuz crisis deepens — oil above $100. Generic drug tariff timeline begins. Stock impact: BUY oil/defence/retail, SELL airlines/cruises/generic pharma.

policy-pulsetrumpus-onlysection122tariffs