|Bid||24.75 x 131700|
|Ask||24.76 x 80900|
|Day's Range||24.58 - 25.08|
|52 Week Range||14.81 - 25.80|
|PE Ratio (TTM)||14.75|
|Dividend & Yield||0.48 (1.93%)|
|1y Target Est||N/A|
Brazilian food producer Camil Alimentos SA is considering cutting the suggested price range for an initial public offering slated for Tuesday by almost 15 percent amid weak investor demand, two people with knowledge of the plan said. One of the people said lowering the suggested price range to between 9 reais and 11 reais from between 10.5 reais and 12.5 reais would "be enough to stop the investor pushback." The same person said that, at 10.5 reais, the stock on offer for the IPO remained above firm bids. Some investors who considered participating in the deal told Reuters last week that the stock looked expensive at the original price range.
U.S. stock futures are pointed lower this morning, as Wall Street continues to struggle with the idea of tightening monetary policy. Last week, the Federal Reserve promised to begin quantitative tightening, signaling the beginning of the end for easy money. Furthermore, there are a slew of Fed speakers this week, Federal Reserve Chairwoman Janet Yellen, on Tuesday, and Vice Chair Stanley Fischer, on Thursday.
Just a few weeks ago, yours truly suggested that Bank of America Corp (NYSE:BAC) was a great company to own, but BAC stock wasn’t exactly an ideal stock to buy at the moment. Database giant Oracle Corporation (NYSE:ORCL) — a name many have erroneously presumed missed out on the advent of cloud computing — is another one of those companies you have to respect, but don’t want to invest in just yet simply because the price of ORCL stock is likely to move lower before moving higher again. As broadband matured and mobile broadband became a reality, it became possible for others like Microsoft Corporation (NASDAQ:MSFT) and Amazon.com, Inc. (NASDAQ:AMZN) to deliver their own such solutions in the cloud.