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  • Dec 09, 2024

JPMorgan Sees Headwinds for Oilfield Services Stocks — But These 2 Picks Are Poised to Outperform

Increasing chaos in the Middle East usually brings an oil shock with it – but we also have an incoming second Trump administration, one that is likely to push for an expansion of American domestic oil production. How these currents will interact is difficult to predict, but the oil industry experts at JPMorgan have some insights into the situation. In short, the bank sees likely strength on the exploration and production side of the US oil industry, from a combination of improved efficiencies in

  • Dec 09, 2024

The Wall Street Analyst Who Suggested Bitcoin Could Reach $100,000 a Decade Ago Now Says There Is a Small Chance It Replaces the U.S. Dollar Entirely and Reaches $5 Million

In December 2013, a Wall Street analyst working at a sell-side shop outside of the more prestigious bulge bracket banks published what could be the first sell-side research report about an interesting somewhat new digital asset called Bitcoin (CRYPTO: BTC). Working for Wedbush at the time, Gil Luria in his report said many things about Bitcoin. Luria also called it a "safe haven currency" and said there are scenarios Bitcoin could trade at 10 to 100 times its current price.

  • Dec 09, 2024

10 golden rules before investing in crypto

Investing in cryptocurrency is still a relatively new frontier, and for many, navigating the complexities of the crypto world can feel intimidating. However, as the crypto market experiences a notable resurgence in 2024, it’s catching the attention of a broader audience—including those who were previously skeptical. This renewed interest signals a shift in how people perceive digital assets, with many now taking them more seriously as part of an investment portfolio.

  • Dec 09, 2024

Bridgewater's Ray Dalio: invest in gold and bitcoin rather than debt assets

Billionaire investor Ray Dalio, founder of the world's largest hedge fund Bridgewater Associates, said he would invest in "hard money" like gold and bitcoin while avoiding debt assets, as most major economies face rising indebtedness problems. "I believe that there would likely be a pending debt money problem," he said in a speech at a financial conference in Abu Dhabi on Tuesday. "I want to steer away from debt assets like bonds and debt, and have some hard money like gold and bitcoin." Gold an

  • Dec 09, 2024

Oracle revenue misses Wall Street estimates amid stiff cloud competition

(Reuters) -Oracle's second-quarter revenue grew less than Wall Street expected on Monday, hit by stiff competition among database and cloud services providers, sending its shares down more than 7% in extended trading. While seeing healthy growth in its cloud segment, Oracle competes with cloud heavyweights such as Microsoft and Amazon, which have established a large presence in the field. Wall Street expectations for AI-linked firms have been high as they bet on the technology to be a strong growth driver in the future.

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