AI will drive Nvidia higher by more than 40% from here, says Wells Fargo
The bank, which has an overweight rating on the chipmaker, raised its price target on the stock. by CNBC
Hims & Hers plummets 16% after first-quarter loss, weak earnings guidance
Hims & Hers reached a deal with Novo Nordisk in March to sell its GLP-1 weight loss drug Wegovy on its platform. by CNBC
The Ryan Cohen saga gets a new twist as eBay shoots down GameStop’s takeover offer
eBay says the $56 buyout deal is “neither credible nor attractive” and cheers its standalone prospects.
Cotton Rallying on Monday
Cotton futures are trading with 110 to 160 point gains across most contracts on Monday. The US dollar index is $0.046 higher at $97.830. Crude oil is up $3.63 at $99.04 so far on the Monday’s. Managed money was adding another 12,829 contracts to their net long position in cotton…
Stocks Settle Higher on Strong Earnings
The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +0.19%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.29%. June E-mini S&P futures (ESM26 ) rose +0.18%, and June E-mini Nasdaq futures…
Nat-Gas Prices Rally on Warmer US Weather Forecasts
June Nymex natural gas (NGM26 ) on Monday closed up +0.153 (+5.55%). Nat-gas prices rallied sharply on Monday and posted a 6-week nearest-futures high. Hot US weather forecasts that could potentially spark nat-gas demand from electricity providers to power increased air-conditioning usage boosted nat-gas prices on Monday. The National Oceanic…
Cattle Fall into the Monday Close on Tariff Pressure
Live cattle futures closed Monday with contracts up 50 cents in front month June, but other contracts 55 cents lower to down $1.92. Cash trade settled in at $256-260 last week, with southern action $256-258 and northern trade at $258-260. Feeder cattle futures were down $1.92 to $4.80 in the…
Hogs Start the Week with a Rally
Lean hog futures posted gains of 27 cents to $1.60 across the board on Monday. USDA’s national base hog price was not reported on Monday afternoon to thin trade. The CME Lean Hog Index was back down 23 cents on May 7 at $90.79. USDA’s pork carcass cutout value from…
Your company already has an AI strategy. You just didn’t choose it
The most dangerous AI decision a leader can make is not the wrong bet. It is making no conscious bet at all — and letting default behavior fill the void. Most organizations already have an AI strategy. They just did not choose it. It emerged from competitive pressure, inertia, and the cumulative weight of decisions […]