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Stillwater Mining up 18% on acquisition news

Stillwater Mining up 18% on acquisition news

Stillwater Mining (SWC) has agreed to an acquisition offer from South Africa’s Sibanye Gold (SBGL.) The proposed purchase price of $2.2 billion works out to $18.00 a share for the largest primary producer of platinum and palladium outside of South Africa and...
Treasuries slip as market struggles to absorb supply

Treasuries slip as market struggles to absorb supply

Update July 12. The yield on 10-year Treasuries rose to 1.52%, the highest level this month (and prices fell). Last week the yield on the 10-year Treasury hit a record low of 1.318%. The climb in Treasury yields is likely to be temporary, in my opinion. The market is...
Buy Capital One

Buy Capital One

Financial stocks tend to do well as interest rates rise. What you’re looking for in this environment is a bank stock that is likely to show an increasing net interest margin. Like Capital One Financial (COF). In the third quarter net interest margin rose to 6.73%, up...