Author: Deep

The International Energy Agency renewed concerns about a global oilglut after it said crude oversupply should continue through the end of 2016. The announcement follows the lifting of U.S. sanctions on Iran over the weekend, which experts project will add more crude to the market. Oil prices fell more than 3 percent Tuesday, settling at their lowest level since September 2003. Despite the overwhelmingly bearish picture for the energy space, one expert maintains his view that we will see oil back above $40 by the end of the year. “We think oil is going to go higher in the second…

The rise in global growth concerns, coupled with the worst start to a year by U.S. equities in history, has triggered a dramatic flight to safety. Bank of America Merrill Lynch said Tuesday that asset managers have cut their collective S&P 500 position to its lowest level since the bank began tracking the data in June 2010. BofAML said managers have decreased long positions within the benchmark U.S. index to $23.7 billion, down from $33 billion, as of Jan. 12. Long positions on the Nasdaq 100 also reached their lowest since December 2012 and totaled $7.3 billion, down from $9.2…

Worried about the U.S. economy? UBS’ Art Cashin said you should be. “If corporations start to pull back and say ‘I don’t want to advance anything; I don’t want to hire anybody,’ we could slide into a recession,” Cashin told CNBC’s “Squawk Alley” on Tuesday. Earnings season unofficially began last week, with Alcoa posting mixed quarterly results. Since then, a slew of financial companies — includingJPMorgan Chase, Citigroup and Wells Fargo — have reported mixed results. Stocks close mixed; S&P 500 holds August low Phil Camporeale, portfolio manager at JPMorgan Asset Management, disagreed with Cashin’s recessionary views. “Companies are afraid…

Worried about the U.S. economy? UBS’ Art Cashin said you should be. “If corporations start to pull back and say ‘I don’t want to advance anything; I don’t want to hire anybody,’ we could slide into a recession,” Cashin told CNBC’s “Squawk Alley” on Tuesday. Earnings season unofficially began last week, with Alcoa posting mixed quarterly results. Since then, a slew of financial companies — includingJPMorgan Chase, Citigroup and Wells Fargo — have reported mixed results. Stocks close mixed; S&P 500 holds August low Phil Camporeale, portfolio manager at JPMorgan Asset Management, disagreed with Cashin’s recessionary views. “Companies are afraid…

the past six months, shares of the tech giant have fallen more than 25 percent, badly underperforming the S&P 500. And on Tuesday, Apple shares dipped below $96. Meanwhile, analysts’ average price target on shares of the stock is $140, according to data provider FactSet. Some, like Goldman Sachs, see the stock even higher; that bank’s analyst has a price target of $155. And Piper Jaffray’s well-regarded Gene Munster says the stock is going to $179, which would almost be a clean double from current levels. Nothing in that ballpark is seen as particularly likely right now, as a check…

Analysts and traders are extremely far apart on shares of Apple. Over the past six months, shares of the tech giant have fallen more than 25 percent, badly underperforming the S&P 500. And on Tuesday, Apple shares dipped below $96. Meanwhile, analysts’ average price target on shares of the stock is $140, according to data provider FactSet. Some, like Goldman Sachs, see the stock even higher; that bank’s analyst has a price target of $155. And Piper Jaffray’s well-regarded Gene Munster says the stock is going to $179, which would almost be a clean double from current levels. Nothing in…

Stephanie Link, managing director at TIAA-CREF, bought Carnival for her “Halftime Report” model portfolio on Tuesday. Carnival is a global travel company, which owns such brands as Carnival Cruise Line, Holland America Line and Princess Cruises. The company operates a fleet of over 100 ships. [“source -cncb”]

After a tough start to the year, investors are eyeing company earnings reports as a potential catalyst to boost the already fragile market. And as the heart of the season gets underway, options traders are expecting some big moves from many of the stocks. High-flying Netflix, which is scheduled to report Tuesday after the closing bell, is projected to see a more than 13 percent move in either direction. The stock, which was the best performer in 2015, is down 6 percent this year. The Dow could see a big move as seven of its components are on deck, representing…

Turmoil in the markets has investors worried for 2016. But the pain in the downturn could already be behind us, and there could be ways to capitalize. A survey of investors last week showed near-record low confidence in the market over the next six months, a sentiment that seemed vindicated Friday when the S&P 500 fell 2 percent to cap an 8 percent drop to start the year. The thing is, anxious sentiment seems to lag behind actual market movements. According to CNBC.com analysis, the spread between bearish and bullish sentiment is only correlated with weekly market returns in the…

Netflix shares could nearly double in the next three to four years, Mark Mahaney, analyst at RBC Capital markets, told CNBC on Tuesday. “In terms of long-term valuation, the way we think about the stock is we think this is a company that can generate $10 [annual earnings per share] in long-term earnings power,” Mahaney said in an interview with CNBC’s “Tech Bet.” “If that’s true, we think that’s a $200 stock somewhere in the next three to four years.” Netflix releases fourth-quarter earnings after the bell Tuesday, and investors should look for the streaming service’s number of subscribers, Mahaney…