News

Africa's richest man Dangote's IPO out of reach in Nigeria

IPO

Dangote seeks $1.6 billion from investors to finance a $14.3 billion expansion and thus double the oil refinery's capacity. The offer could give millions of Nigerians a stake in the company. But who can truly afford it?

Soybeans Holding Steady on Monday Morning

Soybeans are trading with mixed trade, as the front months are trading higher. Futures fell into the Friday close, with contracts down 21 to 35 ¾ cents across the board, as money came off the table. November was down 13 ¼ cents for the week. Some long liquidation was noted,...

Hogs Look to Monday Amid Weaker Cash and Cutout from Friday

Lean hog futures were down 72 cents to $1.62 across most contracts on Friday, with October slipping 77 cents for the week. Open interest down 3,881 contracts on Friday. USDA’s national base hog price was reported at $85.38 on Friday afternoon, down $1.48 from the day prior. The CME Lean...

Corn Slipping Back Early on Monday

Corn prices are showing slight weakness on Monday morning, steady to a penny lower. Futures closed out the Friday session with contracts 2 ¾ to 5 cents lower, selling the fact on the lower yield number. Open interest was up 20,115 contracts on Friday, mainly in the March – July...

Cattle Traders Look to Monday Following Last Week’s Bounce

Live cattle futures rallied to close the Friday session, $1.75 to $2.85 higher into the final bell, as October was $6.72 higher for the week. Open interest slipped 138 contracts on Friday. Cash trade picked up on Friday, with sales noted $1-6 higher at $222-225. The Friday morning Fed Cattle...

Snatch This Bargain Even Cheaper Than Director Thomas Did

NRIM

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on September 8, Northrim BanCorp Inc's Director, Linda C. Thomas, invested $31,440.00 into 1,200 shares of NRIM, for a cost per share of $

JPMorgan double upgraded a data center stock that struck a deal with Nvidia earlier this year

NVDA, NVDAN, NVDACL, NVD, NVDD, 1NVDA, 4NVDA, 0R1I, 918422, NVDAUS, NVDA0, NVDA1, NVDACL1, NVDACL0

The investment bank double upgraded the artificial intelligence infrastructure stock to overweight from underweight.

SM Energy’s Civitas Merger Is Paying Off, But the Stock’s Run Raises the Bar

SM, FANG, DVN, EOG

The oil patch is enjoying big profits these days, and SM Energy (NYSE: SM) has timed it perfectly. The Denver-based company closed a transformational merger early this year, profits soared in the second quarter, and the stock has doubled since the start of the year. For investor

If You Own This 12.7% Dividend, Sell It Yesterday

PHK

Usually in this space, we dig into 8%+ paying closed-end funds (CEFs) set to hand us strong returns and large income streams.

Bank of America says we are overdue for a stock pullback

BAC, 858388

Stocks have gone too long without a proper shakeup, worries Bank of America.