President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
MKM analyst Rob Sanderson hiked his price targets for three popular stocks, Alphabet, Facebook and Twitter, on Monday, forecasting double-digit gains over the next 12 months.
On Alphabet, Sanderson said the stock is a buy and is going to reach the $1,210 a share within 12 months based on a forecast for higher revenue.
He said YouTube's contribution to the bottom line was probably unnaturally low last quarter due to advertising disruptions as large corporations voiced concerns over some of the videos where their ads were running.
The $1,210 price target is 28 percent above Alphabet's current price, at $945 a share.
MKM, however, said there are risks associated with this trade, including "potential for further fines from the European Commission." In June, the EU smacked a $2.7 billion fine on the internet search giant for antitrust practices.
The analyst also said investors should buy Facebook. He hiked his 12-month price target to $200 from $180 a share — 18 percent higher than Facebook's opening price of $169 on Monday morning.
"Valuation has improved through the year as investor concern over a sharp second half growth deceleration has shifted to an expectation of a more manageable decline in growth rates," he said. MKM believes slower growth for advertising on Facebook is a reality but it "will be manageable" and offset by different pricing models.
On Twitter, Sanderson kept his neutral rating but upped the price target from $16 a share to $18. In early trading Monday, the stock was at $16.38. "The stock dynamic is becoming more interesting," the note to investors says. "User engagement appears to be improving."
MKM also said Twitter is too conservative in its guidance. Sanderson said there is a good chance the company will deliver earnings above estimates.