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Analysts See 20% Upside to These 3 “Strong Buy” Tech Stocks

While 2019’s market performance broke records, Wall Street is less optimistic about 2020. The pros foresee those gains leveling off in coming months and a possible year-end cumulative increase of just 3% to 5%. Even though that would bring a profit to investors, it’s nothing to write home about.However, it’s important to remember two things: first, that is just a projection, and second, it’s based on the average upsides of an array of stocks. Which means, of course, that some stocks are going to have a much higher upside potential – and since there is no ceiling on that, it …read more […]

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China’s $22 Billion Injection May Help Ease Global Market Rout

(Bloomberg) — A $22 billion injection into Chinese markets won’t be enough to prevent the country’s stocks and currency falling on Monday, but it may ease a global sell-off sparked by the spread of the coronavirus.That’s according to analysts after the People’s Bank of China and other regulators announced a slew of measures to shore up their financial markets when they re-open following the Lunar New Year holiday.The central bank said Sunday it will use reverse repurchase agreements to supply 1.2 trillion yuan of liquidity on Monday, with the figure coming to 150 billion yuan ($21.7 billion) on a net …read more […]

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Brexit Halo Fades for a Leader Fighting for Survival

(Bloomberg) — As Irish Prime Minister Leo Varadkar welcomed European Commission President Ursula von der Leyen, there was plenty of noise. Here was the European Union’s top official coming to Dublin on the first full day of an election campaign.But as von der Leyen commended him for his statesmanship during Britain’s divorce from the EU, outside the building that houses Ireland’s key ministries police were corralling protesting farmers as they hurled invective at the man they blame for neglecting them.“We are broke, and the government knows we are broke,” said Vincent Harrington, who that mid-January morning had driven 160 kilometers …read more […]

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Kuwait and Saudi Arabia start work to resume oil output from Khafji – sources

Kuwait and Saudi Arabia have started preparation work to resume crude oil production from the al-Khafji oilfield jointly operated by the two countries, with initial output expected around the end of February, two industry sources said. Kuwait and Saudi Arabia, both members of the Organization of the Petroleum Exporting Countries (OPEC), agreed last year to end a five-year dispute over the area known as the Neutral Zone, allowing production to resume at two jointly run fields that can pump up to 0.5% of the world’s oil supply. Trial production of about 10,000 barrels per day (bpd) from Khafji …read more […]