US crude rises 2.8%, settling at $52.58, on signs of tightening oil supply

Oil prices rose on Thursday after data showed inventory declines in the United States and as investors began to expect that the global oil market could have a deficit sooner than they had previously thought.OPECs output agreement with Russia and Canadas decision to mandate production cuts could create an oil market supply deficit by the second quarter of next year [read more]

Adobe Miss Earning Estimate

SAN JOSE Calif. (AP) Adobe Systems Inc. (ADBE) on Thursday reported fiscal fourthquarter profit of $678.2 million.On a pershare basis the San Jose Californiabased company said it had profit of $1.37. Earnings adjusted for onetime gains and costs came to $1.83 per share.The results fell short of Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.88 per share.The software maker posted revenue of $2.46 billion in the period [read more]

Tesla Shares Could Surge 27% From Here, Analysts Said On CNBC

Tesla shares could surge nearly 27% as it becomes sustainably profitable Baird saysBaird analyst Ben Kallo hikes his Tesla price target to $465 implying a 26.8 percent upside over the nest 12 months.We believe the narrative will continue to change from TSLA will never make money to TSLA can be sustainably profitable Kallo says.Shares of electric car maker Tesla could jump sharply in the next year as the company starts making money more consistently according to an analyst at Baird.Analyst Ben Kallo reiterated his outperform rating on [read more]

Gold Still Is A More Stable Safe Haven Asset

With fears of more volatility in stock markets ahead investors could do well holding gold which is still the reliable safe haven asset said Phil Streible senior market strategist at RJO Futures. Even if you look at bonds and interest rates the volatility has been quite high in there. Weve seen bonds tick up three four five handles within a short period of time. I think that gold has been a much better a much more stable investment asset for a safe haven Streible told [read more]

Is It Time To Re-Load Those FAANG Stocks?

Highflying tech stocks have taken a beating since September but some investors argue thats about to end. Highgrowth tech stocks had powered the market higher in 2017 and much of this year that all came to an end in the third quarter of 2018 when oncehighflying names came crashing down to earth.The NYSE FANG (NYFANG 2479.38)  index which tracks Facebook Inc. FB Apple Inc. AAPL Netflix Inc. NFLX and Googleparent Alphabet Inc. GOOG as well as other highprofile highgrowth tech names has lost nearly [read more]

Bitcoin Flat At $3,280

Bitcoin prices tumbled to a fresh 15month low on Thursday as the digital currency rout continued. Bitcoin BTCUSD fell to $3251.23 down 6.1% its lowest level since Sept. 15 2017.What are analysts sayingAfter plunging through $6000 on Nov. 14 bitcoin has struggled for any meaningful bounce falling in four of the past five trading weeks and according to one analyst the longer it treads water the more susceptible it becomes to another move lower.Bitcoin continues to muddle along in the mid$3K [read more]

If You Have Invested $1,000 In Tesla Stock Back In 2010, Here is How Much You Made

Despite some lingering controversy around Teslas cofounder and chief executive officer Elon Musk the automakers shares are up 37 percent in the past three months and the company was a top performer in the Nasdaq 100 on Monday even amid steep stock market dips.If you invested in Tesla in 2010 when it made its initial public offering that investment would definitely have paid off. A $1000 investment would be worth more than $21000 as of Dec. 12 according to CNBC calculations including price appreciation and dividend gains reinvested. [read more]

Gold Is The Winner In December

Gold prices have been on a winning streak this December with more gains to come according to one longstanding gold bull.In December gold futures rose from the $1235 an ounce level to $1250 with the February Comex gold futures last trading at $1249.90 down 0.01% on the day.The rally in gold prices has intensified since the start of December in line with my conjectures Metal Bulletin precious metals analyst Boris Mikanikrezai wrote in a Seeking Alpha post on Tuesday. The worst could be behind us.  [read more]

Bitcoin Stay Within The $3,400-$3,300

Bitcoin lost Wednesday small gain a day after recovering $100 from a nearly 15month low. In Asia morning  trade a single bitcoin BTCUSD fetched $3384.74.Its been a sad trip for bitcoin bulls with the digital coin down more than 80% from its alltime high set nearly a year ago on Dec. 18 2017 leaving it just above where it was in August 2017 before the mania took hold.The story should sound familiar to those familiar with past market bubbles including [read more]

Pound holds most gains after PM May survives vote but Brexit still in peril

The pound largely held onto overnight gains on Thursday after British Prime Minister Theresa May pulled through a noconfidence vote on her leadership that bought her more time to try to sell her unpopular Brexit deal to a deeply divided parliament.The euro edged higher against the dollar after Italy lowered its deficit target for next year and [read more]