Market Review 25-4

Market Review 25-4

APRIL 23, 2018 / 4:07 PM / UPDATED 19 HOURS AGO

 

Iran says no need to extend OPEC, non-OPEC pact if crude oil prices rise: SHANA

 

Reuters Staff

2 MIN READ

 

ANKARA (Reuters) – Iran’s oil minister said there would be no need to extend a pact between OPEC and non-OPEC producers aimed at bolstering oil prices if the crude price continued to rise, the ministry’s official website SHANA reported on Monday.

 

https://www.reuters.com/article/us-oil-opec-iran/iran-says-no-need-to-extend-opec-non-opec-pact-if-crude-oil-prices-rise-shana-idUSKBN1HU1SB

 

 

Oil pivots higher, settles with a gain as tensions in the Middle East heat up again

 

Published: Apr 23, 2018 3:22 p.m. ET

 

Oil prices gave up earlier declines Monday to settle higher, as reports that a Saudi-led air strike killed the head of the Houthi rebels in Yemen raised the potential for disruptions to the flow of crude in the Middle East.

 

https://www.marketwatch.com/story/oil-prices-fall-as-traders-watch-us-supply-dollar-2018-04-23

 

 

Oil could hit $80 per barrel by the end of 2018, says portfolio manager

 

  • It’s not preposterous to expect oil prices to hit $80 per barrel by the end of 2018, said Yoon Chou Chong, head of Asian equities at Natixis Asset Management
  • Production cuts and the need to maintain stability ahead of the widely-anticipated Saudi Aramco IPO will support oil prices, Chong said
  • Asian stocks, in particular Chinese shares, also have room to gain further, he added

 

https://www.cnbc.com/2018/01/02/oil-price-crude-could-hit-80-by-end-of-2018.html

 

 

With the situation the way it is, it is looking like Crude

will reach 80$ before the end of the year!

 

 

 

Microsoft: Don’t Miss Your Chance To Act Before Earnings

 

Michael Wiggins De Oliveira

Apr.23.18 | About: Microsoft Corporation (MSFT)

 

Microsoft is a large cap, that is highly following, but ironically, still undervalued. Azure’s continues to deliver remarkable growth. The cloud sector is still far from saturated.

 

https://seekingalpha.com/article/4164939-microsoft-miss-chance-act-earnings

 

 

Cloud Could Add $15 Billion to Microsoft Profits

 

Azure is the centerpiece of the Microsoft’s bull thesis.

By Wayne Duggan, Contributor |April 17, 2018, at 9:34 a.m

 

After a lost decade following the bursting of the dot-com bubble, Microsoft Corporation(Nasdaq: MSFT) has once again found its stride thanks to its booming cloud services business. Analysts now say years of heavy investments have Microsoft in the early stages of a long-term cloud growth story that will jump-start earnings, revenue and MSFT stock.

 

https://money.usnews.com/investing/stock-market-news/articles/2018-04-17/microsoft-corporation-msft-stock

 

 

Microsoft shares surge after Morgan Stanley predicts it will reach $1 trillion market cap in a year

 

  • Morgan Stanley analysts are betting on Microsoft to reach $1 trillion in market value thanks to cloud adoption.
  • Analyst Keith Weiss is raising his 12-month price target to $130, nearly 50 percent higher than where the stock was trading Monday.
  • Morgan Stanley expects Microsoft’s dominant share of the projected $250 billion public cloud market will grow.

 

https://www.investopedia.com/news/facebook-bulls-forecast-massive-gains-stock/

 

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