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Thursday 7/2 Insider Buying Report: FIVE, VIRC

FIVE, VIRC

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys. On Monday, Five Below's Director, Robert Lynch, made a $93,309 buy of FIVE, purchas

Jordan Rusche: Are Gold Stocks a Buy? My Strategy Now

Jordan Rusche of Mining Stock Monkey shares his thoughts on gold's pullback below the US$4,000 per ounce level, saying it's normal bull market behavior for the metal. "I'm buying a lot of gold stocks right now," he said. "I think this is a great buying opportunity, and, like you mentioned, I'm bullish over the longer term for lots of macro factors."Don’t forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

Thursday's ETF with Unusual Volume: DEHP

DEHP, INFY, ABEV, UMC

The Dimensional Emerging Markets High Profitability ETF is seeing unusually high volume in afternoon trading Thursday, with over 282,000 shares traded versus three month average volume of about 34,000. Shares of DEHP were off about 2.4% on the day. Components of that ETF with

Levi's, The North Face and Columbia are turning to women to fuel their next phase of growth

Legacy apparel brands including VF Corp., Levi's, and Columbia are investing more heavily in women's products and marketing.

Soybeans Heading into the Long Weekend with Mixed Trade

Soybeans are up 1 to 3 cents in the front months on Thursday, with near crop down 1 to 2 cents. There were 30 deliveries against July soybeans overnight. The cmdtyView national average Cash Bean price is up 2 cents at $10.87 1/4. Soymeal futures are steady to $1.20 higher,...

Cotton Falling Back into the Long Weekend

Cotton price action is down 70 to 81 points so far on Thursday Crude oil is down 40 cents/bbl to $68.18. The US dollar index is down $0.586 at $100.570. The market will observe the July 4th Independence Day Holiday on Friday, for a 3-day weekend. Sunday night will be...

Corn Pulling Back to Mixed Midday Trade

Corn futures are mixed on Thursday, with front months steady to 2 1/4 cents higher and deferreds down as much as 1 ½ cents. There were 262 delivery notices against July corn overnight. The CmdtyView national average Cash Corn price is ½ cent higher at $3.93 3/4. The market will...

Hogs Rounding Out the Week with Gains

Lean hog futures are in rally mode ahead of the long weekend, as front months are up 35 cents to $1.65. USDA’s national base hog price was reported at $95.79 on Thursday morning, down 66 $1.37 from the day prior. The CME Lean Hog Index was back up 24 cents...

Cattle Falling on Thursday, with Wholesale Beef Weakness

Live cattle futures closed are falling $1.45 to $2 so far on Thursday. There were a few cash sales of $403 dressed in the north this week, with live trade at $255-256. Southern trade has started at $255. Feeder cattle futures are $1.585 to $1.70 lower across the nearbys so...

Alcoa to Buy South32 Aluminum Portfolio in US$5.6 Billion Consolidation

Alcoa (NYSE:AA) has agreed to acquire the bulk of South32's (ASX:S32,OTCPL:SOUHY) global aluminum portfolio in a transaction valued at up to US$5.6 billion, expanding its portfolio across the global upstream bauxite and aluminum markets.The transaction delivers Alcoa control over a diversified asset base, which includes an 86 percent stake in the Worsley Alumina refinery and an interest in the Boddington bauxite mine in Western Australia.In Brazil, Alcoa consolidates joint venture interests by absorbing South32’s 36 percent stake in the Alumar alumina refinery and a 40 percent stake in the Alumar aluminum smelter.It will also acquire a 33 percent interest in the Mineração Rio do Norte bauxite mine, though that specific transfer remains subject to pre-emptive rights held by joint venture partners. The transaction also hands Alcoa a new operating hub in South Africa through the acquisition of the Hillside Aluminium smelter and the idled Bayside smelter property.The Mozal Aluminium operation in Mozambique, currently under care and maintenance due to unresolved power contract risks, is excluded from the deal. South32 noted its divestment remains under active consideration.The acquisition expands Alcoa’s global bauxite share from 8.5 percent to 13 percent, lifting its attributable bauxite production by 53.6 percent to nearly 53 million tons annually. Its seaborne alumina volume will grow 51.6 percent, while its aluminum smelting capacity increases by 26 percent. Alcoa estimates the combination will unlock US$900 million in net present value synergies, heavily driven by optimizing life-of-asset planning for adjacent operations in Western Australia.“This is exactly the type of opportunity Alcoa is built to execute,” Alcoa CEO and President William F. Oplinger said in a press release. “These high-quality, globally relevant assets are a strong strategic fit within our portfolio and align directly with our strengths as a leading pure-play upstream aluminum company.”Following the announcement, Alcoa shares slipped roughly 2 percent to just above US$51 apiece in after-hours trading. South32 shares similarly declined 2 percent at the market open in Australia.For South32, the divestment continues a multi-year structural overhaul following the sale of its coal assets in 2024 and its Cerro Matoso operation in Colombia last December. The deal also coincides with the official start of Matthew Daley’s tenure as CEO. He succeeds Graham Kerr, who will remain as a strategic advisor to support the transaction's completion.Don’t forget to follow us @INN_Resource for real-time news updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.