imaginima/E+ via Getty Images I previously rated Devon Energy ( DVN ) as a Buy in March 2026, thanks to their beneficiary status from the likely to remain higher commodity spot prices. In this article, I shall discuss why I am reiterating my Buy rating for the DVN stock, attributed to their discounted valuations compared to its up/midstream peers. DVN Proves Their Upstream Beneficiary Status DVN 1...
imaginima/E+ via Getty Images I previously rated Devon Energy ( DVN ) as a Buy in March 2026, thanks to their beneficiary status from the likely to remain higher commodity spot prices. In this article, I shall discuss why I am reiterating my Buy rating for the DVN stock, attributed to their discounted valuations compared to its up/midstream peers. DVN Proves Their Upstream Beneficiary Status DVN 1Y Stock Price (Trading View) 1. Developing Iran Conflict & Supply Tightness Since my last Buy rating, DVN has delivered a +5.9% total return compared to the wider market at +10.4%, with a similar volatility also observed in its up/midstream players in varying degrees. This is unsurprising indeed, since much of their prospects are inherently linked to the fluctuating commodity spot prices from the rapidly developing Iran conflict . Given that the global oil supply has declined to 95.1 mb/day by April 2026, down by -12.8 mb/d since February 2026, against the global oil demand at 104 mb/d, it is unsurprising that the WTI oil spot prices have risen dramatically from the 2025 averages of $65.39 per barrel to $101s per barrel by the time of writing. Oil Inventory Drawdown (US EIA) Most importantly, at a time of imbalanced supply and demand cadence, it is unsurprising that the US EIA already expects the global oil inventories to fall by an average of - 8.5 mb/d in Q2'26 , with further withdrawals expected in Q3'26 before the inventories may be rebuilt from Q4'26 onwards. The elevated spot prices are also why DVN is likely to be benefit as an upstream player, as previously observed in their richer top/bottom-line performance in FY2022 thanks to the previously higher WTI prices at $94.90 per barrel in 2022 and their higher realized oil prices at an average of over $80s. 2. FY2026 Tailwinds From Higher Oil Prices & Merger DVN's Capital Efficiency (DVN) The same has been hinted by DVN in the recent FQ1'26 earnings call, with the management expecting higher Free Cash Flow yields at up ...
Oil prices have skyrocketed this year due to the war in Iran and its impact on oil supplies from the Middle East. Brent oil, the global benchmark price, has rocketed by about 80% this year to around $110 a barrel. The surge in crude prices is starting to affect global oil demand. The International Energy Agency (IEA) recently revised its demand outlook down by 420,000 barrels per day. Here's a loo...
Oil prices have skyrocketed this year due to the war in Iran and its impact on oil supplies from the Middle East. Brent oil, the global benchmark price, has rocketed by about 80% this year to around $110 a barrel. The surge in crude prices is starting to affect global oil demand. The International Energy Agency (IEA) recently revised its demand outlook down by 420,000 barrels per day. Here's a look at whether this demand destruction means it's time to trim your energy stocks . Image source: Getty Images. Continue reading
utah778/iStock via Getty Images We can say what we want, but without opening BLOX, from the outside we see a fund that has distributed over 30%, participating in the crypto and tech market with a total return higher than Bitcoin. That said, it makes sense to question the reason, and yes… at this point it makes sense to open it from the inside. And the question I personally ask myself is: can it be...
utah778/iStock via Getty Images We can say what we want, but without opening BLOX, from the outside we see a fund that has distributed over 30%, participating in the crypto and tech market with a total return higher than Bitcoin. That said, it makes sense to question the reason, and yes… at this point it makes sense to open it from the inside. And the question I personally ask myself is: can it be an income oriented solution to have a weighted exposure to the crypto market, crypto industrial and strategic tech? I was very hesitant, I'm honest, because there's really little transparency here in my opinion. But the way it's set up today… yes. But attention: in my opinion, not a traditional buy & hold. Let me explain better, but first… What is BLOX? Tidal manages $50.52 billion AUM, Nicholas Wealth manages only $757.7 million total AUM, so BLOX represents over 1/3 of Nicholas Wealth's total AUM. What drove this AUM growth? Its peculiarity made it distinctive in less than 1 year of operation: it's an actively managed, non-diversified ETF (1940 Act), that invests in a blend structure 40% BTC / 30% crypto equities index / 30% tech via Taiwan Semiconductor Manufacturing Company Limited ( TSM ) and NVIDIA Corporation ( NVDA ) that seems to distribute up to 36% annualized today. BLOX: 1Y performance (Seeking Alpha) It does so with a Physical (holds underlying securities) + Synthetic (uses options for crypto exposure) composition. It doesn't buy Bitcoin/Ethereum directly, but buys spot ETFs, like the VanEck Bitcoin ETF ( HODL ) and iShares Ethereum Trust ETF ( ETHA ), and it creates synthetic long via options (long call + short put same strike), so it has a double layer of costs, which is reflected in an expense ratio of 0.99%, so quite high, especially if compared to spot ETFs on Bitcoin and Ethereum. A structure that moreover maintains a 100% turnover, which means every security is changed at least 1 time every year. Which generates transaction costs (even if unitary fee co...
Soybeans are pushing the retreat to Friday, with contracts down 14 to 15 cents at midday. The cmdtyView national average Cash Bean price is down 19 cents at $11.09 1/4. Soymeal futures are back up 70 cents to $1.70, with Soy Oil futures falling steady at midday. There was 1...
Soybeans are pushing the retreat to Friday, with contracts down 14 to 15 cents at midday. The cmdtyView national average Cash Bean price is down 19 cents at $11.09 1/4. Soymeal futures are back up 70 cents to $1.70, with Soy Oil futures falling steady at midday. There was 1...
Cotton futures are trading with 281 top 381 point losses at midday, with nearby July bouncing off early limit losses. The US dollar index is $0.407 higher at $98.135. Crude oil is up $4.01 at $105.18 midday. Few details announced following the meeting with President Trump and China’s President Xi...
Cotton futures are trading with 281 top 381 point losses at midday, with nearby July bouncing off early limit losses. The US dollar index is $0.407 higher at $98.135. Crude oil is up $4.01 at $105.18 midday. Few details announced following the meeting with President Trump and China’s President Xi...
Corn futures are down 9 to 11 cents in the front months on Friday. There were 124 deliveries issued for May corn futures overnight. The CmdtyView national average Cash Corn price is down 11 cents to $4.16 3/4. Export Sales data showed total corn commitments at 77.748 MMT as of...
Corn futures are down 9 to 11 cents in the front months on Friday. There were 124 deliveries issued for May corn futures overnight. The CmdtyView national average Cash Corn price is down 11 cents to $4.16 3/4. Export Sales data showed total corn commitments at 77.748 MMT as of...
Watch: Trump Spars With 'Treasonous' NYT Reporter On Iran War Coverage Friday saw a wild exchange play out between President Trump and a member of the media aboard Air Force One as it made its way back from China. The New York Times' David Sanger pointed out that Trump's Operation Epic Fury did not result in political transition in Iran, but that the same Islamic Republic theocratic government is ...
Watch: Trump Spars With 'Treasonous' NYT Reporter On Iran War Coverage Friday saw a wild exchange play out between President Trump and a member of the media aboard Air Force One as it made its way back from China. The New York Times' David Sanger pointed out that Trump's Operation Epic Fury did not result in political transition in Iran, but that the same Islamic Republic theocratic government is in charge. Sanger in essence questioned whether there was actually 'total victory' as Trump and his officials have repeatedly claimed. A visibly angered Trump, standing physically close to Sanger, rebuked this line of questioning as "treasonous" coverage of the "victory" accomplished by the United States. Watch the tense scene play out: Trump to NYT's David Sanger: "I had a total military victory. But the fake news, guys like you, write incorrectly. You're a fake guy. We had a total military victory. I actually think it's sort of treasonous what you write. You should be ashamed of yourself. I actually think it's… pic.twitter.com/QK421YHKtq — Aaron Rupar (@atrupar) May 15, 2026 "I had a total military victory. But the fake news, guys like you, write incorrectly. You're a fake guy. We had a total military victory . I actually think it's sort of treasonous what you write. You should be ashamed of yourself. I actually think it's treason ." As if to emphasize the charge, Trump peppered his comments by using 'treason' or 'treasonous' several times throughout his response, singling out both the NY Times and CNN in particular. "I actually think it’s sort of treasonous what you write," the president reiterated while lambasting Sanger, describing the Times and CNN "the worst." Trump likely has in mind some of Sanger's earlier articles as well, given he reported earlier this month that while the Iranian ayatollah was "clearly gone" - it remains that the Islamic Republic's nuclear stockpile has remained untouched, even if likely buried underground at destroyed nuclear sites. Also there...
Shares of Figma (NYSE: FIG) soared on Friday thanks to an impressive Q1 2026 report. The collaborative design platform specialist's stock peaked at an 18.2% gain around 10:15 a.m. ET, then backed down for a while. It's coming on strong again in the afternoon. As of this writing at 2:20 p.m. ET, Figma is up by 15.4%. Figma's first-quarter revenue rose 46% year over year to $333 million. The bottom ...
Shares of Figma (NYSE: FIG) soared on Friday thanks to an impressive Q1 2026 report. The collaborative design platform specialist's stock peaked at an 18.2% gain around 10:15 a.m. ET, then backed down for a while. It's coming on strong again in the afternoon. As of this writing at 2:20 p.m. ET, Figma is up by 15.4%. Figma's first-quarter revenue rose 46% year over year to $333 million. The bottom line more than tripled from adjusted earnings of $0.03 to $0.10 per diluted share. The Street consensus had called for earnings near $0.06 per share on sales in the vicinity of $316 million. Management set next-quarter and full-year revenue guidance targets well ahead of the current analyst projections. On the earnings call , CEO Dylan Field reminded Figma investors that artificial intelligence (AI) is a helpful tool for website and product designers, not a drop-in replacement of Figma's services. Continue reading
Hedge fund Tiger Global Management said it initiated new positions in an array of stocks including Intel and Robinhood Markets during the first quarter of 2026, according to its most recent 13-F filing with the U.S. Securities and Exchange Commission on Friday. The hedge fund also said it liquidated stakes in companies such as Circle Internet Group and Workday, while reducing its ...
Hedge fund Tiger Global Management said it initiated new positions in an array of stocks including Intel and Robinhood Markets during the first quarter of 2026, according to its most recent 13-F filing with the U.S. Securities and Exchange Commission on Friday. The hedge fund also said it liquidated stakes in companies such as Circle Internet Group and Workday, while reducing its holdings of Microsoft and Apollo Global Management. (Suzanne McGee in Providence, Rhode Island)
SpaceX is seeking to file publicly for its long-awaited IPO as soon as Wednesday, according to people familiar with the matter. Elon Musk ’s rocket, satellite and artificial intelligence company aims to kick off formal marketing as soon as June 4, price its initial public offering as early as June 11 and list on June 12, one of the people said, asking not to be identified as the information isn’t ...
SpaceX is seeking to file publicly for its long-awaited IPO as soon as Wednesday, according to people familiar with the matter. Elon Musk ’s rocket, satellite and artificial intelligence company aims to kick off formal marketing as soon as June 4, price its initial public offering as early as June 11 and list on June 12, one of the people said, asking not to be identified as the information isn’t public. Details of the IPO including the size and timing could still change, the people said. A representative for SpaceX didn’t immediately respond to a request for comment. The company has picked Nasdaq for its IPO and will list under the ticker SPCX, Reuters reported earlier Friday, citing people it didn’t identify. The news agency was first to report the new timeline. Nasdaq declined to comment. SpaceX has filed confidentially to go public and is seeking to raise as much as $75 billion at a valuation of more than $2 trillion , Bloomberg News has reported, which would be the largest IPO of all time. Read More: SpaceX Ticker Speculation Is Heating Up as Tuttle Drops ‘SPCX’ The company has picked Bank of America Corp. , Citigroup Inc. , Goldman Sachs Group Inc. , JPMorgan Chase & Co. and Morgan Stanley for senior roles on the IPO, and has added more banks to the lineup. Alphabet Poised for $100 Billion Windfall on SpaceX Investment SpaceX’s IPO Is Musk’s Most Audacious Product Launch Yet SpaceX Has Filed Confidentially for IPO Ahead of AI Rivals Is SpaceX Worth $2 Trillion? Key Questions for Musk’s Big IPO SpaceX has grown from a relative underdog in the space industry to an aerospace behemoth with billions of dollars in government contracts and serves as a backbone for America’s space program. In addition to its rocket launch business, SpaceX’s satellite-based Starlink internet broadband service operates the largest network of satellites in low-Earth orbit and is a crucial source of revenue. SpaceX also owns the Grok AI assistant following an all-stock acquisition in Febr...
The Africa Centres for Disease Control and Prevention on Friday confirmed an Ebola outbreak in the Northeastern Ituri province of the Democratic Republic of the Congo. Officials in Uganda subsequently reported that the deadly hemorrhagic disease had spilled over the border, with one " imported " confirmed case identified in Kampala, the capital. So far, the DRC has reported 246 suspected cases and...
The Africa Centres for Disease Control and Prevention on Friday confirmed an Ebola outbreak in the Northeastern Ituri province of the Democratic Republic of the Congo. Officials in Uganda subsequently reported that the deadly hemorrhagic disease had spilled over the border, with one " imported " confirmed case identified in Kampala, the capital. So far, the DRC has reported 246 suspected cases and 65 deaths, mainly in the Mongwalu and Rwampara health zones. Although it is now just being reported, the outbreak already ranks around the 10th largest Ebola outbreak to date. This marks the 17th Ebola outbreak in the DRC since the virus was discovered in 1976. But unlike almost all of the country's past Ebola outbreaks, preliminary laboratory results suggest that the current outbreak is not caused by the Zaire Ebola virus strain. Further genetic sequencing is ongoing today to determine the strain causing the illnesses. Read full article Comments
The tech company that maintains the hotel check-in system set its cloud storage to public, allowing anyone to access customers' data without a password.
The tech company that maintains the hotel check-in system set its cloud storage to public, allowing anyone to access customers' data without a password.
Kay Herr, chief investment officer of US GFICC at JPMorgan Asset Management, and Ed Al-Hussainy, portfolio manager at Columbia Threadneedle Investments, join Scarlet Fu on "Bloomberg Real Yield." Government bond markets tumbled around the world, sending yields surging from Japan to the US. (Source: Bloomberg)
Kay Herr, chief investment officer of US GFICC at JPMorgan Asset Management, and Ed Al-Hussainy, portfolio manager at Columbia Threadneedle Investments, join Scarlet Fu on "Bloomberg Real Yield." Government bond markets tumbled around the world, sending yields surging from Japan to the US. (Source: Bloomberg)
The wheat market is retreating lower on Friday, with contracts down across the three exchanges at midday. Chicago SRW futures are trading with 24 to 25 cents in the red. KC HRW futures are 22 to 24 cents lower in the front months at midday. MPLS spring wheat is trading...
The wheat market is retreating lower on Friday, with contracts down across the three exchanges at midday. Chicago SRW futures are trading with 24 to 25 cents in the red. KC HRW futures are 22 to 24 cents lower in the front months at midday. MPLS spring wheat is trading...