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
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.
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.
Oil could hit $80 per barrel by the end of 2018, says portfolio manager
- It’s not preposterous to expect oil prices to hit $80 per barrel by the end of 2018, said Yoon Chou Chong, head of Asian equities at Natixis Asset Management
- Production cuts and the need to maintain stability ahead of the widely-anticipated Saudi Aramco IPO will support oil prices, Chong said
- Asian stocks, in particular Chinese shares, also have room to gain further, he added
With the situation the way it is, it is looking like Crude
will reach 80$ 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.
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.
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.