Oil prices spiked higher on Friday, heading toward 2½-year highs the morning after two dozen crude-producing nations agreed to limit their output through the end of 2018. U.S. West Texas Intermediate crude prices rocketed up $1.24 per barrel, or 2.2 percent, to $58.64 by 10 a.m. ET. That put the contract within striking distance of […]
Read moreTechnology known as earth observation satellites is one of the fastest growing sectors in the $350 billion space industry, and Finnish company ICEYE is on the bleeding edge. ICEYE will launch its first microsatellite to orbit in January from India on a PSLV rocket, the company confirmed to CNBC. The technology on board, synthetic aperture […]
Read moreOne Wall Street analyst is getting more bullish on Amazon’s cloud computing business. Wells Fargo reiterated its overweight rating and increased its price target for Amazon shares to $1,525 from $1,430, representing 30 percent upside to Thursday’s close. It is the highest target out of the 41 analysts who cover Amazon, according to FactSet. Amazon […]
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Now that the Dow has blown past 24,000, Evercore ISI’s Rich Ross has three stocks that could take the index to 25K. The DJIA on Thursday posted its second best day of 2017, and has now seen eight-straight months of gains, something the Dow has not done since 1995. “I’ve got three great stocks for […]
Read moreJPMorgan is advising investors to bet against shares of electric car-maker Tesla because the company is likely raise more capital, diluting its stock. Also, competition from other automakers will increase, with some established auto giants looking to reap benefits from government subsidies, wrote analyst Ryan Brinkman. “Tesla will face several milestones in 2018 relative to […]
Read moreNational Association of Home Builders CEO Jerry Howard told CNBC on Friday he’s much more optimistic about the Republican’s tax overhaul after a meeting with key lawmakers. Howard said last month his members were “irate” about a proposed plan in the House bill to slice the mortgage interest deduction in half, to a maximum of […]
Read moreThe financial sector’s version of the NASDAQ finally climbing over its dot-com bubble high looks like it’s about to happen. That’s a big deal not just for bank stocks but for the market as a whole. Breakouts are great for investors who are looking for a powerful trend. And the longer it takes for a […]
Read moreInternet stocks have crushed the market this year and one top Wall Street firm believes the sector can go even higher next year. JPMorgan analyst Doug Anmuth shared his top internet stock ideas in a note to clients Friday. “Heading into 2018, we expect fundamentals to remain strong in online advertising & eCommerce, with both […]
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Apple shares have fallen more than 2 percent from its recent high, but one would be wise to buy the dip, says Todd Gordon of TradingAnalysis.com According to Gordon, Apple has actually fallen into a “corrective support,” where the stock is sitting in the middle of an uptrend parallel channel, suggesting it is neither overbought […]
Read moreCME announced Friday its new bitcoin futures contract will be available for trading on Dec.18. The CME announcement came as the Commodity Futures Trading Commission said it will allow the world’s largest futures exchange and its competitor, the Cboe Futures Exchange, to launch bitcoin contracts. A Cantor Exchange also self-certified a new contract for bitcoin […]
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