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Never mind the narratives: ‘This market wants to go higher’

From a Democratic sweep to the unwinding of September’s correction to a belief that a stimulus package is inevitable, a bundle of divergent explanations exist for what just spurred the stock market’s biggest weekly rally in three months.

Then there’s the view of Mohamed El-Erian, with his decades of investing experience: “Right now, this market wants to go higher.”

It’s been a game of name your…

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SINGAPORE: Crude oil futures fell on Monday, with US futures touching levels not seen since 1999, extending weakness on the back of sliding demand and concerns that US storage facilities will soon fill to the brim amid the coronavirus pandemic.

The oil market has been under pressure due to a spate of reports on weak fuel consumption and grim forecasts from the Organization ofthe Petroleum…

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WASHINGTON — Walter Isenberg is the sort of business owner President Donald Trump has in mind when he talks about the need to start lifting coronavirus lockdowns and reopen the American economy. Isenberg’s hotel and restaurant group in Denver has seen its revenues drop from $3 million a day last year to $40,000 a day now.

But Isenberg has no expectation that his company, Sage Hospitality…

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WASHINGTON — Walter Isenberg is the sort of business owner President Donald Trump has in mind when he talks about the need to start lifting coronavirus lockdowns and reopen the American economy. Isenberg’s hotel and restaurant group in Denver has seen its revenues drop from $3 million a day last year to $40,000 a day now.

But Isenberg has no expectation that his company, Sage Hospitality…

Evercore ups Apple price target to $115

[cfsp key="adsense_336x280"]“Expecting big things from the anticipated debuts of new iPhones and a so-called ‘iWatch’ this fall, Evercore Partners on Wednesday increased its price target on shares of Apple to $115 — one of the highest current forecasts on Wall Street,” Neil Hughes reports for AppleInsider.

“Analyst Rob Cihra sees Apple stock reaching a new all-time high, blowing past its previous…

“Evercore Partners analyst Rob Cihra reiterated an Overweight rating on Apple (AAPL) and raised his price target from $630 to $700 Friday, citing an ongoing belief that the recent iPhone and iPad refreshes have rejuvenated momentum and helped stabilize…

by Aaron Ricadela, courtesy Bloomberg

Dell Inc. (DELL) Chief Executive OfficerMichael Dellmay generate an annualized return of more than 50 percent on his investment if he succeeds in taking the computer maker private, an investor opposed to the deal said.