The stock market tumbled on Monday as rising Middle East conflict fears pushed oil prices higher and hurt investor confidence.
Oil prices climbed, with U.S. West Texas Intermediate crude futures rising 4.4% to $106.42 per barrel, while Brent crude futures jumped 5.8% to $114.44 per barrel.
Overall, S&P 500 fell 0.4% to 7,201, while NASDAQ slid 0.2% to 25,068.
Chart of the Day
Here is the one-year chart of Sea (SE) as of March 19, 2026, when the stock was at $81.
Sea delivered another solid quarter, but the stock is in a free-fall. Last quarter, the company reported 62% profit growth on a 28% increase in revenue, with all three segments growing revenue at solid rates (Shopee +36%, Monee +54%, and Garena +35%).
However, investors sentiment has turned negative as analysts slashed 2026 profit forecasts from $4.14 to $3.15, and now expect profit growth to slow to just 8% next quarter. Aside from that, investors are also worried about competition as rivals (e.g., Tiktok Shop and Lazada) are putting pressure on Sea’s core businesses.
SE is part of our Growth Portfolio.
