BusinessThe Street•3 hours agoMissed Nvidia's Rally? Stay Ahead of the Next Big One
Nvidia (NVDA) has its chips in all the right places. Its processors are in gaming consoles, autonomous driving components, blockchain technologies, and it was announced Tuesday it's into local logistics or the drone delivery space. These are exciting growth areas that easily capture investor interest, and that is why the stock is up more than 60% year to date. Last week, it looked like the stock was breaking out of a rising triangle pattern, but it quickly reversed and dropped back down. This pullback is healthy and should provide an entry point for those who missed the initial rally. View Chart » View in New Window » The daily chart shows the stock trading and in a horizontal triangle at
BusinessThe Street•11 hours agoWhat a Merged Sprint and T-Mobile Would Look Like
Sprint (S) Chairman Masayoshi Son has had his eye on T-Mobile (TMUS) for five years or more, and could finally realize his goal of creating a revved up competitor to AT&T (T) and Verizon (VZ) . The carrier might bear a stronger resemblance to T-Mobile than to Son's Sprint, however. "I would look at is almost as a super T-Mobile that is within striking distance of AT&T and Verizon," said Roger Entner of wireless consultancy Recon Analytics. "Knowing [T-Mobile CEO] John Legere's mantra of 'we will not stop' I don't think he would relent." T-Mobile parent Deutsche Telekcom AG reportedly aims to have control of the merged company. If it ends up with control, Entner says to expect the surviving telecom
- BusinessBloomberg•yesterday
Permian ‘Super Basin’ Holds Up to $3.3 Trillion in Untapped Oil
The Permian Basin of Texas and New Mexico holds 60 billion to 70 billion barrels of yet-to-be pumped crude oil, according to a study by IHS Markit Ltd. The Permian region’s so-called recoverable resources would be enough to supply every refinery in the U.S. for 12 years and have a market value of about $3.3 trillion at current prices for West Texas Intermediate oil, the domestic benchmark. “The Permian Basin is America’s super basin in terms of its oil and gas production history and for operators it presents a significant variety of stacked targets that are profitable at today’s oil prices,” Prithiraj Chungkham, director of unconventional resources for IHS, said in the statement.
