Live cattle futures closed with contracts 27 cents to $2 higher at the close, as April was up $5.57 for the week. Cash trade saw some light trade at $246 in the South early last week with some northern action near $250 on Friday. Feeder cattle futures posted gains of...
Live cattle futures closed with contracts 27 cents to $2 higher at the close, as April was up $5.57 for the week. Cash trade saw some light trade at $246 in the South early last week with some northern action near $250 on Friday. Feeder cattle futures posted gains of...
Corn price action is up 3 to 4 cents in the front months on Monday AM trade. Futures closed out the Friday session with contracts down 1 ¼ to 3 ¾ cents at the close. May settled Friday, with the weekly loss at 11 ¼ cents, as December fell 9...
Corn price action is up 3 to 4 cents in the front months on Monday AM trade. Futures closed out the Friday session with contracts down 1 ¼ to 3 ¾ cents at the close. May settled Friday, with the weekly loss at 11 ¼ cents, as December fell 9...
Cotton price action is up 14 to 25 points early on Monday. Futures saw mixed trade on Friday, as contracts were 7 points lower to 10 points higher. May was up 230 points on the week. The US dollar index was $0.104 lower at $98.485. Crude oil is back up...
Cotton price action is up 14 to 25 points early on Monday. Futures saw mixed trade on Friday, as contracts were 7 points lower to 10 points higher. May was up 230 points on the week. The US dollar index was $0.104 lower at $98.485. Crude oil is back up...
Soybeans are trading with front months down 1 to 2 cents, with deferred contracts up 1 1/2 cents. Futures closed the Friday session with contracts 5 to 10 ½ cents higher, as meal took control. May was up 12 ¼ cents on the week, with November up 3 3/4 cents....
Soybeans are trading with front months down 1 to 2 cents, with deferred contracts up 1 1/2 cents. Futures closed the Friday session with contracts 5 to 10 ½ cents higher, as meal took control. May was up 12 ¼ cents on the week, with November up 3 3/4 cents....
Lean hog futures posted losses of 37 to 60 cent losses in most contracts on Friday, as April was an exception, up a nickel. June was down 75 cents on the week. Open interest was up 1,757 contracts on Friday, suggesting marginal new selling. USDA’s national base hog price was...
Lean hog futures posted losses of 37 to 60 cent losses in most contracts on Friday, as April was an exception, up a nickel. June was down 75 cents on the week. Open interest was up 1,757 contracts on Friday, suggesting marginal new selling. USDA’s national base hog price was...
Emerging-market currencies pared earlier losses on Monday as oil prices retreated, easing some of the risk-off pressure across EM assets as the deadline passed for the US blockade of the Strait of Hormuz to come into effect . The MSCI Emerging Markets Currency Index recovered part of its decline through the session, though it remained down 0.1% Brent Crude rose to as high as $103.87 on Monday, but...
Emerging-market currencies pared earlier losses on Monday as oil prices retreated, easing some of the risk-off pressure across EM assets as the deadline passed for the US blockade of the Strait of Hormuz to come into effect . The MSCI Emerging Markets Currency Index recovered part of its decline through the session, though it remained down 0.1% Brent Crude rose to as high as $103.87 on Monday, but retreated to below $100 just before the deadline hit at 10 a.m ET READ MORE: US Says It Will Intercept, Divert or Capture Ships Leaving Iran Emerging-market stocks fell 0.7% as risk aversion gripped markets following President Donald Trump’s announcement that peace talks with Iran had failed The Hungarian forint continued to surge, one of the few outliers posting gains after Prime Minister Viktor Orban’s crushing election defeat
The United States on Monday moved to implement a blockade of Iranian ports in the Strait of Hormuz, one of the world’s most critical shipping corridors, after US-Iran peace talks failed over the weekend, but questions persist over how fully the measures can be enforced and what they will mean in practice. Despite concerns of escalation, Pakistan, which has acted as mediator in the peace negotiatio...
The United States on Monday moved to implement a blockade of Iranian ports in the Strait of Hormuz, one of the world’s most critical shipping corridors, after US-Iran peace talks failed over the weekend, but questions persist over how fully the measures can be enforced and what they will mean in practice. Despite concerns of escalation, Pakistan, which has acted as mediator in the peace negotiations, continued efforts to resolve the ongoing conflict with diplomacy as the two-week ceasefire...
Larina Marina Bitmine Immersion Technologies ( BMNR ) on Monday announced that its total holdings have reached $11.8B, including 4.87M Ethereum ( ETH-USD ), 198 Bitcoin ( BTC-USD ), $719M in cash, plus $200M in Beast Industries and $85M in Eightco ( ORBS ). The company recently uplisted to the NYSE and trades under the ticker “BMNR.” Chairman Thomas “Tom” Lee said that as of April 13, around 3.33M...
Larina Marina Bitmine Immersion Technologies ( BMNR ) on Monday announced that its total holdings have reached $11.8B, including 4.87M Ethereum ( ETH-USD ), 198 Bitcoin ( BTC-USD ), $719M in cash, plus $200M in Beast Industries and $85M in Eightco ( ORBS ). The company recently uplisted to the NYSE and trades under the ticker “BMNR.” Chairman Thomas “Tom” Lee said that as of April 13, around 3.33M ETH (about 68%) is already staked, earning $212M per year, with the potential to grow to $310M annually. As of April 12, Bitmine Immersion Technologies ( BMNR ) holds 4.87M Ethereum ( ETH-USD ) priced at around ~$2,206 each, which is about 4.04% of the asset's total supply—making it one of the largest ETH holders. After all this activity, the stock is seeing positive momentum. Bitmine Immersion Technologies ( BMNR ) is currently up ~1.50% at ~$21.54. On the other hand, Ethereum ( ETH-USD ) is trading slightly higher at ~$2.21K. Source: Press Release More on Bitmine Immersion Technologies Bitmine Immersion Q2 Preview: Ethereum Thesis Facing Important Report Card Bitmine Immersion: Market Is Missing The Hybrid Ethereum Model Bitmine Immersion Technologies, Inc. (BMNR) Shareholder/Analyst Call - Slideshow Bitmine uplists to NYSE, boosts stock buyback plan to $4B Fastly tops quant rankings among mid-cap tech stocks ahead of Q1 earnings
shulz/E+ via Getty Images Credo Technology ( CRDO ) shares surged more than 10% during early Monday morning market action, as Jefferies initiated coverage on the high-speed connectivity solutions company with a Buy rating. "We see a meaningful opportunity to invest in a premium growth name at a significantly discounted valuation and view a significant disconnect between the market's perception of ...
shulz/E+ via Getty Images Credo Technology ( CRDO ) shares surged more than 10% during early Monday morning market action, as Jefferies initiated coverage on the high-speed connectivity solutions company with a Buy rating. "We see a meaningful opportunity to invest in a premium growth name at a significantly discounted valuation and view a significant disconnect between the market's perception of the AI opportunity for CRDO over the next several years relative to the actual opportunity," said Jefferies analysts, led by Blayne Curtis, in an investor report. Jefferies also set a $175 price target on the stock. The financial firm believes Credo's active electrical cables, or AECs, will continue to play a significant role in the data center buildout. "AECs have a clear runway for continued growth through a combination of AI and General-Purpose compute workloads, while ZF Optics represents a major swing factor in product & revenue diversification," Curtis noted. "Fears of the death of copper or potential impact from CPO are wildly overblown, and the business is receiving essentially zero credit for the ALC or OmniConnect opportunities." Credo's expansion into the optical transceiver market with its ZeroFlap Optics creates a significant $300M-plus opportunity in annual revenue. "Our estimates suggest total Tx spend for ORCL of $4.5B in C27, with CRDO's addressable opportunity totaling $2.2B," Curtus added. "We expect CRDO can capture 10% of the $2.2B SAM or ~5% of ORCL’s total Tx spend, implying ZF Optics revenue of $225M. We expect $75M+ from additional customers, including a combination of NeoClouds and at least one additional hyperscaler, which Management has noted is currently in qualification." Credo shares reached an all-time high of $187 in late October but have since receded due in part to concerns over co-packaged optics. "Investor interest in CPO has surged recently, tied largely to the debut of a Scale-Up Optical roadmap announced at NVDA's GTC," Curtis said. "...
Donald Trump’s threat to blockade the Strait of Hormuz “forces Beijing into a political dilemma” and could potentially derail the US president’s coming summit with Chinese counterpart Xi Jinping, analysts said. After talks in Pakistan between the US and Iran ended without a deal on Sunday, Trump said in a social media post that the US would seal off the strategically vital chokepoint. In a narrowe...
Donald Trump’s threat to blockade the Strait of Hormuz “forces Beijing into a political dilemma” and could potentially derail the US president’s coming summit with Chinese counterpart Xi Jinping, analysts said. After talks in Pakistan between the US and Iran ended without a deal on Sunday, Trump said in a social media post that the US would seal off the strategically vital chokepoint. In a narrower order issued later, the US military said American forces would blockade only “maritime traffic...
Amazon jumped nearly 14% last week — almost four times the gain in the S & P 500 — after the U.S. and Iran agreed to a two-week ceasefire. But Evercore ISI thinks artificial intelligence giant Anthropic is the reason the stock is going higher. Analyst Mark Mahaney in a Monday note said the potential use of the hyperscaler's Trainium chip to train Anthropic's new Mythos model is what is driving Ama...
Amazon jumped nearly 14% last week — almost four times the gain in the S & P 500 — after the U.S. and Iran agreed to a two-week ceasefire. But Evercore ISI thinks artificial intelligence giant Anthropic is the reason the stock is going higher. Analyst Mark Mahaney in a Monday note said the potential use of the hyperscaler's Trainium chip to train Anthropic's new Mythos model is what is driving Amazon's performance. In fact, Amazon stock jumped nearly 20% between March 27 — the day after news of the Mythos model first leaked — and Friday's close. Mythos rattled the software market all last week after Anthropic said it was previewing the model to some users after the AI system was able to discover previously unknown bugs in cybersecurity systems. Concerns arose about what would happen to the infrastructure of the internet if hackers, or other people with malicious intent, use the model. While Anthropic hasn't officially said it trained Mythos using Amazon's Trainium chips, Evercore's technology, media and telecommunications analyst Kevin Rippey suggested in a report that was the case. AMZN mountain 2026-03-27 Amazon shares since March 27 "Of course, we knew (or at least didn't debate much) that Opus," another Anthropic AI model, "was trained on Trainium, but I'd contend that investors were not prepared for something like Mythos to be possible on the n-1 generation Trainium Hardware," Rippey wrote. Amazon Web Services CEO Matt Garman in an interview with CNBC's Kate Rooney last week said as much when discussing Anthropic's models. "The models, all their models that are out today, are trained on Trainium," he said. The use of Trainium chips to develop Mythos represents a "proof of product" for Amazon's chip offerings, demonstrating they're stronger than investors previously thought, Mahaney wrote. "If Trainium 2 is powerful enough to help train Mythos, then Amazon's Trainium offering may be much more robust than the market realized, in addition to having 30-40% better p...
Image source: The Motley Fool. Thursday, October 24, 2024 at 11 a.m. ET Pool Corporation (NASDAQ:POOL) reported a 3% sales decline in the third quarter of 2024, with steady maintenance growth and increased adoption of its POOL360 ecosystem partially offsetting ongoing discretionary weakness. Regional divergence was evident as Florida sales turned positive and Arizona stabilized, while Texas and Ca...
Image source: The Motley Fool. Thursday, October 24, 2024 at 11 a.m. ET Pool Corporation (NASDAQ:POOL) reported a 3% sales decline in the third quarter of 2024, with steady maintenance growth and increased adoption of its POOL360 ecosystem partially offsetting ongoing discretionary weakness. Regional divergence was evident as Florida sales turned positive and Arizona stabilized, while Texas and California remained challenged and Europe improved sequentially. Private label chemical growth, increased vendor incentives, and technology investments supported gross margin stability despite a difficult mix. Management reiterated full-year EPS and margin guidance and completed its planned inventory drawdown and debt reduction. The company emphasized that its proprietary digital tools and extensive distribution network are expected to support ongoing share gains as market conditions normalize. Continue reading