LOOK: These 10 Stocks Just Stole The Show

6. Frontline PLC (NYSE:FRO)

Frontline PLC extended its rally to a fourth consecutive day on Friday, jumping 7.46 percent to finish at $19.74 apiece as investors gobbled up shares in the company amid the ongoing geopolitical tensions between Israel and Iran.

Frontline PLC (NYSE:FRO), an oil tanker company, is expected to benefit from the geopolitical risks due to expectations of higher freight rates and rerouting costs.

Israel released its biggest-ever military strike on Iran on Friday, killing the latter’s military chief, head of its elite Revolutionary Guard Corps, and air force leader. The strike prompted Iran to retaliate, firing fewer than 100 missiles.

Following Israel’s strike on Iran, Western naval forces had warned commercial shipping companies of heightened risks, including around the Hormuz Strait.

In a phone interview with Bloomberg, Frontline PLC (NYSE:FRO) CEO Lars Barstand said that the company became “far more hesitant offering in.”

However, Frontline PLC (NYSE:FRO) remained business as usual, albeit exercising caution in the risky areas.