He called crude oil’s comeback. Now Scott Redler of T3Live.com says crude could rise 22 percent more this year. “If everything goes right, perhaps we could see $74 this year,” Redler told CNBC’s “Futures Now.” But, after a strong rally to start the year, the commodity could first be in for a pullback. WTI was […]
Read moreCheck out which companies are making headlines before the bell: Goldman Sachs – Goldman reported adjusted quarterly profit of $5.68 per share compared to the $4.91 a share consensus estimate. Revenue also beat Wall Street forecasts. CEO Lloyd Blankfein noted the strong 2017 performance in the face of a “challenging” market-making environment. Bank of America […]
Read moreApple shares will thrive this year due to tax reform, according to one Wall Street firm. Bank of America Merrill Lynch reiterated its buy rating and raised its price target to $220 from $180 for Apple shares, which is 25 percent above Tuesday’s closing price. It is also the highest target among major investment banks […]
Read moreWith the dollar index trading near a three-year low, one strategist sees further downside looming against major currencies like the euro. Though the dollar index recovered some of its losses on Tuesday and Wednesday, it traded near its lowest levels since January 2015, just above the 90 mark. Pressure on the greenback likely will continue, […]
Read moreIt’s a big day for bitcoin. The Cboe began trading the first bitcoin futures on Dec. 10, and that first contract expires Wednesday, and the initial CME contract expires on Jan. 26. Investors will be watching to see how smoothly the Cboe contract closes. Investors in many futures products will typically roll over their contract […]
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The U.S. government could shut down later this week and that could spell trouble for investors in the near term, history shows. CNBC analysis using Kensho found that the S&P 500 falls an average of 0.3 percent one week after the government closes its doors. The benchmark index also trades positive just 40 percent of […]
Read moreOf all the major conferences that kicked off 2018 — from the ICR confab to the tech-laden CES — the J.P. Morgan Healthcare Conference was the most important for CNBC’s Jim Cramer. “This meeting tends to make major waves in the health care stocks,” the “Mad Money” host said. “The problem is the announcements from […]
Read moreEven after Tuesday’s massive stock market reversal — the biggest in roughly 10 months — CNBC’s Jim Cramer maintained that he liked the market. But the “Mad Money” host acknowledged that there are “rules of engagement for dealing with a bull market that’s in beast mode,” so he wanted to highlight those for investors. Cramer’s […]
Read moreA good start to the year is only going to get better for JP Morgan Chase, according to veteran banking analyst Dick Bove. In the wake of fourth-quarter earnings that beat Wall Street expectations despite a weak trading environment and a writedown from tax reform legislation, Bove, of the Vertical Group, said the biggest U.S. […]
Read moreNetflix is out with the next installment of its unintended financial education series. Last year it was “Ozark,” where Jason Bateman played a crooked financial advisor who shreds the fiduciary rule that says you must protect your clients’ interests faster than the New England Patriots’ secondary. Available now on the video streaming service is “The […]
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