Futures are flat this morning after tech led the way higher yesterday. The Nasdaq stacked on over 2% in yesterday’s session and the Dow and S&P both gained over 1%. Gold and silver are rebounding after a brief pause in the precious metals rally.
Genesis Tech In 96% of U.S. Households? One tiny company holds the key…
Today, the Wall Street legend who picked the last two “investments of the decade”… months (even years) before his peers… will finally reveal his new #1 pick for the 2020s. It’s not 5G, artificial intelligence, or the internet of things. The answer will surprise you. And, for those who take early action, it could make 2020 one of your best years ever. [Full Story…]
Oil is nearing a five month high and energy shares are rising. Marathon Petroleum Corp. (MPC) recently received an upgrade from Cowen analyst, Keith Gabelman. The analyst believes the market is underappreciating the capitalization improvement as a result of the $21 billion sale of its speedway convenience store chain, which was announced earlier this month. Gableman raised his rating to outperform and boosted his stock price target to $43.
In a note to clients Gableman wrote, “We see 15% upside from equity today on the deal itself, in-line with upside to other large cap peers. However we see additional upside not contemplated in our price target and independent of improving refining crude differentials. This includes restructuring opportunities that could be particularly attractive if the long-term margin outlook dims and a potential cost-cutting program to bring opex more in-line with peers.”
MPC stock has shed 34.8% year to date while the SPDR Energy Select Sector ETF (XLE) has tumbled 32.6%.
Legend Who Bought Apple at $1.42 Says Buy TaaS Now
It’s called TaaS – and if you haven’t yet heard of this technological breakthrough, you soon will. [Full Story…]