Investing in oil could be a fantastic opportunity for 2018: Sorry for the dramatics, just channeling my inner stockbroker trainee (which I was at one point). It would appear Goldman Sachs is channeling its inner enthusiastic broker trainee, too, with a call on oil for 2018. The investment bank raised its forecast for crude oil prices over the next 12 months, citing OPEC's oil output curbs. Goldman sees positive returns of 9% from oil over the next 12 months. A couple ways to play this bullish forecast are Action Alerts PLUS holdings Schlumberger (SLB) and Apache (APA) . If you hate the world and want to bet against oil then the fine folks at Citigroup are your friends -- unlike Goldman, Citi is bearish on oil as it fears fear OPEC will look to add supply to the market (probably as prices rise).
Bitcoin ... bitcoin ... BITCOIN: The CBOE Futures Exchange said Monday night it plans to offer trading in bitcoin futures starting 5 p.m. CST on Sunday, Dec. 10. Trading will be free through December. The move comes as CME Group, the parent of Chicago Mercantile Exchange, announced last week it would launch bitcoin futures on Dec. 18. As you would expect, bitcoin is trading up into each debut. You can almost feel bitcoin $20,000 by year end, no?
Interesting, Starbucks: Coffee giant Starbucks (SBUX) is getting some play on the internet as it prepares to open a coffee stadium in China. Dubbed a Reserve Roastery, the 30,000-square-foot coffee shrine created by Executive Chairman Howard Schultz opens in Shanghai today. Like others opened before it, the location is a wonderful marketing centerpiece for the future of Starbucks: boost margins by getting people to pay $11 for a super premium coffee and $5 for a scone. And why not pay that as you could sit in the building darn near all day watching coffee being roasted?. Super fun. What I am most interested in though is how the stock of Starbucks, which has been a dog all year, has finally come back to life. Shares of Starbucks are up about 5% over the past month. My gut tells me the move is tied to the general rebound in retailers off solid Black Friday sales data rather than Starbucks experiencing a major re-acceleration in U.S. same-store sales.
More Popping Than Tesla
Sorry Tesla (TSLA) , but Mercedes is still the standard bearer when it comes to driving excellence. Below is a review of the $180,000 Mercedes AMG S63 I had in my possession for a few days. Sick.
Apache, Sclumberger and Starbucks are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells APA, SLB or SBUX? Learn more now.
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