March NY world sugar #11 (SBH26 ) on Monday closed up +0.15 (+1.05%), and May London ICE white sugar #5 (SWK26 ) closed up +1.60 (+0.39%). Sugar prices rallied sharply on Monday, with NY sugar posting a 2.5-week high and London sugar posting a 1.5-week high. Strength in the Brazilian...
March NY world sugar #11 (SBH26 ) on Monday closed up +0.15 (+1.05%), and May London ICE white sugar #5 (SWK26 ) closed up +1.60 (+0.39%). Sugar prices rallied sharply on Monday, with NY sugar posting a 2.5-week high and London sugar posting a 1.5-week high. Strength in the Brazilian...
May arabica coffee (KCK26 ) on Monday closed down -7.65 (-2.68%), and May ICE robusta coffee (RMK26 ) closed down -31 (-0.86%). Coffee prices settled sharply lower on Monday, with robusta tumbling to a 6.5-month low. Coffee prices have been under pressure over the past month, with arabica falling to...
May arabica coffee (KCK26 ) on Monday closed down -7.65 (-2.68%), and May ICE robusta coffee (RMK26 ) closed down -31 (-0.86%). Coffee prices settled sharply lower on Monday, with robusta tumbling to a 6.5-month low. Coffee prices have been under pressure over the past month, with arabica falling to...
May ICE NY cocoa (CCK26 ) on Monday closed down -75 (-2.36%), and March ICE London cocoa #7 (CAH26 ) closed down -78 (-3.45%). Cocoa prices retreated on Monday but remained above last week's 2.75-year nearest-futures lows. International cocoa buyers are reluctant to pay official farm-gate prices for cocoa beans...
May ICE NY cocoa (CCK26 ) on Monday closed down -75 (-2.36%), and March ICE London cocoa #7 (CAH26 ) closed down -78 (-3.45%). Cocoa prices retreated on Monday but remained above last week's 2.75-year nearest-futures lows. International cocoa buyers are reluctant to pay official farm-gate prices for cocoa beans...
Tony Anderson/DigitalVision via Getty Images If you follow my work closely, there is a high probability that you understand that I currently have conflicting feelings about the housing market. In the long run, I am incredibly bullish about this industry. The fact of the matter is that several years of underbuilding after the housing crisis earlier in this century have led to a shortage of homes. T...
Tony Anderson/DigitalVision via Getty Images If you follow my work closely, there is a high probability that you understand that I currently have conflicting feelings about the housing market. In the long run, I am incredibly bullish about this industry. The fact of the matter is that several years of underbuilding after the housing crisis earlier in this century have led to a shortage of homes. This pent-up demand, amounting to an estimated 4.7 million homes according to one source , with 8.1 million families living with somebody they are not related to, opens the door to attractive upside for companies that operate in this space. At the same time, however, the last couple of years have been challenging for the industry. High prices caused by supply chain constraints during the COVID-19 pandemic and asset inflation caused by government stimulus have caused home prices to drop for the last couple of years now. Overall home construction activity is drastically slowing. And even though interest rates are falling, which should prove bullish for the homebuilding market, I firmly maintain that we are nearing a recession in the U nited States . Many other value investors might choose to stay away from conditions like this. But to me, some of the best opportunities exist in these types of markets. One of the more appealing prospects in the industry, in my view, is M/I Homes ( MHO ), a company with a market capitalization of about $3.78 billion. Since reaffirming the company as a "Buy" candidate back in early November of last year, shares have rallied 16.9%. This is at a time when the S&P 500 is nearly flat. But that's nothing. Since I originally rated it a "Buy" back in August 2022, the stock has shot up 217.3%. That's more than triple the 64.9% rise that the market enjoyed. Even after this big move higher, I would argue that the overall financial picture of the business justifies additional upside. For that reason, I have decided in this article to reaffirm it as a "Buy" ...
Shares of cybersecurity leader CrowdStrike (NASDAQ: CRWD) plunged on Monday, falling 10.6% as of 3:21 p.m. The drop was especially notable following Friday's 8% plunge. Today's decline appeared to be an extension of Friday's decline, which was triggered by AI company Anthropic's introduction of its Claude Code Security product. That spurred a large, somewhat indiscriminate sell-off across virtuall...
Shares of cybersecurity leader CrowdStrike (NASDAQ: CRWD) plunged on Monday, falling 10.6% as of 3:21 p.m. The drop was especially notable following Friday's 8% plunge. Today's decline appeared to be an extension of Friday's decline, which was triggered by AI company Anthropic's introduction of its Claude Code Security product. That spurred a large, somewhat indiscriminate sell-off across virtually all cybersecurity stocks , as investors wondered whether the new service could amount to disruptive competition for their software. CrowdStrike CEO George Kurtz defended his company over the weekend in a lengthy LinkedIn post, but it appears investors are de-risking anyway. Continue reading
The Food and Drug Administration aims to evaluate treatments for rare diseases based on plausible evidence that they would work — without requiring a clinical trial first. (Image credit: Andrew Harnik)
The Food and Drug Administration aims to evaluate treatments for rare diseases based on plausible evidence that they would work — without requiring a clinical trial first. (Image credit: Andrew Harnik)
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive.
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive.
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive.
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive.
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive.
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive.
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive.
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive.
J Studios/DigitalVision via Getty Images By Jennifer Nash The Chicago Fed's National Activity Index is a monthly indicator designed to gauge overall economic activity and related inflationary pressure. It is a composite of 85 monthly indicators across four broad categories. The CFNAI is a forward-looking indicator that suggests how the economy will likely look in the near term and has been called ...
J Studios/DigitalVision via Getty Images By Jennifer Nash The Chicago Fed's National Activity Index is a monthly indicator designed to gauge overall economic activity and related inflationary pressure. It is a composite of 85 monthly indicators across four broad categories. The CFNAI is a forward-looking indicator that suggests how the economy will likely look in the near term and has been called one of the "most important and overlooked economic numbers". The index is constructed so a zero value for the index indicates that the national economy is expanding at its historical trend (average) rate of growth. Negative values indicate below-average growth, and positive values indicate above-average growth. The Chicago Fed National Activity Index (CFNAI) rose to +0.18 in January from -0.21 in December. All four broad categories of indicators used to construct the index increased from December, and two categories made positive contributions. The first chart below shows the complete CFNAI historical series dating from March 1967 with a callout to the most recent 12 months. The dots show the indicator itself, which is quite noisy and volatile from month to month. The three-month moving average (CFNAI-MA3) is more useful and consistent as an indicator of the actual trend for economic activity. The index's three-month moving average, CFNAI-MA3, rose to -0.06 in January from -0.29 in December. The next chart highlights the +0.7 and -0.7 levels. These levels are significant because the Chicago Fed has observed some important historical patterns around them, as explained by the callout in the chart below. The next chart includes an overlay of GDP. For the most part, the CFNAI-MA3 has been positive while the economy has expanded and been negative while the economy contracts. Surprisingly, this was not the case over the past few years. The CFNAI-MA3 was negative from November 2022 through December 2024, while the U.S. economy expanded during that same time frame. The Long-Term Ec...
Some of Electronic Arts Inc . bondholders are banding together to fight a debt buyback plan by the video-game maker, even as S&P Global Ratings cast doubt that the maneuver would ultimately save money for the group taking the company private. The bondholders have formed a cooperation agreement, according to people familiar with the matter. Holders of more than 75% of the 2031 notes and about 90% o...
Some of Electronic Arts Inc . bondholders are banding together to fight a debt buyback plan by the video-game maker, even as S&P Global Ratings cast doubt that the maneuver would ultimately save money for the group taking the company private. The bondholders have formed a cooperation agreement, according to people familiar with the matter. Holders of more than 75% of the 2031 notes and about 90% of the 2051 securities affected by the tender offer have signed the pact, said the people, who asked not to be identified discussing private information. The rapid move to band together underscores the level of alarm among bondholders over the proposal earlier this month by Electronic Arts to buy the $1.5 billion of bonds at a steep discount to their par value. The move — facilitated by JPMorgan Chase & Co. — was a bid to save costs following the video-game maker’s agreement to be bought by a group including Silver Lake Management , Jared Kushner ’s Affinity Partners and Saudi Arabia’s Public Investment Fund. The tender offer aimed to use an arcane maneuver known as defeasance to avoid a change of control payout, which would require the new owners to buy back the debt at a premium when the company shifts hands. Under that provision, Electronic Arts would purchase a portfolio of high-quality securities like US Treasuries and use cash from those bonds to cover future interest payments and principal on its own notes. Since the debt is effectively then backed by the US government, the bonds in theory would be rated in line with that collateral and thus have an investment-grade rating. Read More: EA Bonds Rocked by Buyback Offer Tying Them to Treasuries That high-grade rating is crucial for the JPMorgan maneuver, because it would allow the sponsor group to avoid triggering a change-of-control clause. The term typically requires a downgrade to accompany the acquisition in order to become effective — an outcome that would usually follow a multi-billion dollar, debt-funded buyout li...
Shares of cybersecurity companies including CrowdStrike and Datadog slumped on Monday, as investors weighed the potential impact of artificial intelligence startup Anthropic's new security tool on the industry. Shares of CrowdStrike, Datadog and Zscaler fell around 11%, while those of Fortinet and Okta were down roughly 6%. Palo Alto Networks dropped 3% and SentinelOne was down by 5%.
Shares of cybersecurity companies including CrowdStrike and Datadog slumped on Monday, as investors weighed the potential impact of artificial intelligence startup Anthropic's new security tool on the industry. Shares of CrowdStrike, Datadog and Zscaler fell around 11%, while those of Fortinet and Okta were down roughly 6%. Palo Alto Networks dropped 3% and SentinelOne was down by 5%.