JPMorgan upgraded Twitter to overweight from hold on Monday, boosting shares of the social media stock which have been on the comeback trail this fall. “We are upgrading TWTR shares to overweight with a $27 price target and it is one of our top smid-cap ideas in 2018,” wrote analyst […]
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Twitter shares jump after JP Morgan upgrades the stock and calls it one of the bank’s best ideas for 2018
J.P. Morgan upgraded Twitter to overweight from hold on Monday, boosting shares of the social media stock, which have been staging a comeback this fall. “We are upgrading TWTR shares to overweight with a $27 price target,” analyst Doug Anmuth wrote in a note. He called it “one of our […]
Economic optimism soars, boosting Trump’s approval rating
American optimism on the economy is reaching new heights and President Donald Trump‘s approval ratings look to be benefiting, at least somewhat. The CNBC All-American Economic Survey found that for the first time in at least 11 years, more than half of respondents to the survey rated the economy as […]
Bitcoin futures launch on world’s largest futures exchange and are trading higher
CME, the world’s largest futures exchange, launched its own bitcoin futures contract Sunday under the ticker “BTC.” The futures moved just slightly higher in early trading following the highly-anticipated launch, a stark contrast from the 19 percent surge in CBOE bitcoin futures during their first day of trading a week […]
Bitcoin debuts on the world’s largest futures exchange, and prices fall
CME, the world’s largest futures exchange, launched its own bitcoin futures contract Sunday under the ticker “BTC.” The futures fell more than 4 percent to $18,665 about two hours after opening at $20,650 and rising slightly. The move lower was a stark contrast from the 19 percent surge in CBOE […]
Cramer’s game plan: Strong earnings will drive the market higher
As the bull market surged higher despite holdups in the Republican tax overhaul, CNBC’s Jim Cramer took the temperature of the market to see if the strength could continue. “We still don’t even know what’s finally going to happen in Washington, but as I told you last night, we’re in […]
Seth Klarman calls bitcoin a ‘trading sardine,’ others say ‘speculative mania’ — They are right
As speculative fever for digital currencies surges this year, investors may want to heed the warnings of the most successful investors of our generation. The biggest names in investing — including Druckenmiller, Dalio, Chanos, Gundlach and Klarman — are all now criticizing bitcoin, saying the pre-eminent cryptocurrency has critical flaws. […]
UBS: Expect swift market rally if tax bill passes and Target, Raytheon to lead
Investors should expect another U.S. stock-market rally if the Republican tax bill passes since the market has not fully baked it in, a strategist at UBS says. Keith Parker, a strategist at UBS who has a 3,300 target on the S&P 500 for 2018, said only 35-to-45 percent of the […]
A leading indicator for stocks just entered a death cross, but it might not be so bad
A leading indicator for stocks just entered a death cross, but the traditionally ominous signal might not be as scary as it’s cracked up to be. The high-yield corporate bond ETF, the HYG, has fallen 2 percent from its 52-week high, with its short-term 50-day moving average crossing below its […]
The day bitcoin futures dropped was the first day that traders were allowed to bet against it
The first week of Cboe’s bitcoin futures trading was relatively stable, except for a sudden drop Wednesday afternoon. It turns out that was the same day one of the largest brokerages trading the futures, Interactive Brokers, began allowing clients to short, or bet against, the futures. “The introduction of short […]