Many investors believe the price of oil will go higher. According to Reuters:
Oil futures prices have soared past three-year highs, OPECs deal has cut millions of barrels of inventory worldwide and investors are betting in record numbers that prices could rocket past $80 and even hit $90 a barrel this year.
But physical markets for oil shipments tell a different story. Spot crude prices....More>>>
The year 2018 has been volatile for the markets. Stocks rapidly climbed to record territory early in the year before finally posting a long-awaited correction. And the energy market has seen a dramatic rise in oil prices that’s helped to bolster prospects for oil and natural gas related companies. Yet for conservative investors, one popular investment that most see as being particularly safe....More>>>
Shares of China Automotive Systems (NASDAQ:CAAS) have received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus price target of $8.00 for the company and are expecting that the company will post....More>>>
Shares of Applied Optoelectronics (AAOI ) soared more than 10% in early morning trading Wednesday after analysts from Rosenblatt Securities said the company has regained market share at key clients thanks to weakness from competitors.
According to Rosenblatt analyst Jun Zhang, the firm’s expert on the Chinese tech market, it is possible that hyperscale price drops and Huawei and ZTE....More>>>
Officials in China’s gambling enclave of Macau have raised concerns about sexual misconduct allegations against casino mogul Steve Wynn.
The intervention adds to mounting pressure on Wynn and Wynn Macau (WYNMF), the business that generates most of the profit for his gambling empire. The Hong Kong-listed division of Wynn Resorts (WYNN) has lost more than $2 billion in stock market....More>>>
In our view, shares of Qualcomm (QCOM – $54.24) were unfairly battered by short-sighted folks, notes Jason Clark, value investor and contributing editor to The Prudent Speculator.
The stock plunged as much as 14% in one day in response to the news that Apple (AAPL) filed a lawsuit accusing the semiconductor manufacturing firm of monopolizing the market for mobile phone chips and withholding....More>>>
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ZTE, one of China’s biggest tech companies, is asking the United States to suspend a ban that threatens to cripple its business.
ZTE (ZTCOF) said it has submitted a request for the US Commerce Department to put on hold an order forbidding American firms from selling parts and providing services to it.
The Chinese company, which sells smartphones and telecommunications equipment....More>>>
The stock market surged higher on Monday, with the biggest gains coming for the Dow Jones Industrial Average, which closed above the 25,000 level. Investors were generally upbeat about signs that suggested the potential for a more favorable resolution of trade disputes between the U.S. and China, and positive moves in other financial markets continued to contribute to the stock market’s success....More>>>
HNA Group Co., the cash-strapped Chinese conglomerate, agreed to sell two land plots at Hong Kong’s former Kai Tak airport for HK$16 billion ($2 billion), as it seeks to cut its massive debt.
The sites, purchased just over a year ago, were sold to Hong Kong developer Henderson Land Development Co., according to a statement Tuesday. HNA had spent about HK$14.2 billion on the two sites,....More>>>