Today: 9 July 2026

Khadija Saeed

Khadija Saeed is a financial markets reporter at TS2.tech, specializing in stocks, technology and emerging industries. She studied economics and finance at the London School of Economics and previously worked in market research before moving into financial journalism. Her coverage focuses on the companies, innovations and economic trends influencing global investors.

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Stock Market Today

  • Phillips 66 (PSX) Jumps With Oil; Shares Valued 3% Below Fair Price
    July 9, 2026, 1:57 AM EDT. Phillips 66 (PSX) shares climbed 5.02% after crude spiked on new U.S. strikes in the Middle East. The stock is now up 43.84% this year and posts a 5-year total return of 188.83%. On valuation, PSX is about 3.2% below fair value, trading at $187.81, with analysts seeing fair price at $194.11, using updated earnings and margin forecasts. Phillips 66 is building out its NGL value chain and boosting refining margins, mainly with low-capital work to support growth. P/E sits at 18.3x-higher than the U.S. Oil & Gas industry average at 13.6x, but behind the sector's fair ratio of 22.1x. Possible risks include margin pressure or delays on refiner turnarounds, which could cool bullish sentiment.
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