While markets await a Saudi update, investors are likely asking how the kingdom left itself so vulnerable, and what it means for the future.Energyread more
Of the recessions the U.S. has seen dating back to the early 1980s, none has come without an oil spike of at least 90%.Economyread more
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
Energy stocks, one of the worst-performing sector this year, spiked on Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
Shares of defense companies rose on Monday after the United States military was put on alert by President Donald Trump.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
Stocks fell on Monday amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
New research by the Digital Citizens Alliance shows how easy it is to buy illegal steroids and other appearance- and performance-enhancing drugs.Cybersecurityread more
GM shares were down nearly 3% Monday as analysts estimated the strike could cost GM tens of millions of dollars per day. The two sides resumed talks at 10 a.m. Monday...Autosread more
Amazon changed the algorithms that power its product-search system to favor the company's own products, The Wall Street Journal reported.Technologyread more
Between 180 and 200 underperforming GameStop stores are set to shutter before the end of the fiscal year, and more could be on the way.Entertainmentread more
When the Chinese market tanks, some big names on Wall Street get hit, too.
But according to data from Kensho, a financial tool to quantify market events, there's opportunity in the rebound.
The following week after such a plunge, Chinese stocks rebound about half the time. But some American stocks are better bets.
Wynn Resorts and Las Vegas Sands have huge footprints in Macau—China's version of Vegas. Wynn derived about 65 percent of total revenue from the Chinese peninsula in the first quarter of this year, and Las Vegas Sands about 60 percent.
Since 2005, WYNN and LVS bounce back strongly the five trading days following a big fall in the Chinese market—both trading positive more than half the time and returning 3.5 and 4.7 percent on average respectively.
Another way to play a fall in China is to look at U.S. technology companies that rely on China for a bulk of their sales. According to FactSet, chipmaker Qualcomm sees nearly half its revenue come from China (48 percent) while smaller chipmaker Altera is also vulnerable, deriving 30 percent of revenue from China.
After the Shanghai Composite falls 10 percent or more in five days, both names outperform the . The following week, Qualcomm trades positive nearly 65 percent of the time, returning 1.5 percent on average. Altera trades positive about 60 percent of the time, also returning 1.5 percent on average.
Historically, Yahoo should also be avoided. The company's fortunes are linked to China through its 15 percent stake in Chinese e-commerce giant Alibaba. During a dive in Shanghai, shares typically fall 3.9 percent on average. The following week, they continue to underperform, losing another 0.4 percent on average.
U.S. companies with increasing exposure to China will be hit by selloffs in markets there, but time it right and there may be opportunity to get in on a rebound.
Disclosure: NBCUniversal, parent of CNBC, is a minority investor in Kensho.