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Top 5 Small-Cap NASDAQ Stocks In The Basic Materials Sector With The Highest Cash (GLBL, GSM, CENX, JRCC, KALU)
Monday, May 10, 2010 - 6:46am | 168Below are the top 5 small-cap basic materials stocks on the NASDAQ in terms of cash. Global Industries, Ltd (NASDAQ: GLBL) had $375.6 million of cash in the latest quarter, while its debt liabilities stood at $298.93 million. Globe Specialty Metals Inc (NASDAQ: GSM) had $252.23 million of cash and...
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Top Performing Industries For May 7 (ACH, KFT, YZC, CQP, DAL)
Friday, May 7, 2010 - 2:35pm | 278At 2:04 pm, Dow lost 87.29 points or 0.83%, to 10,427.14, while the broader Standard & Poor's 500 index fell 10.18 points or 0.90%. The Nasdaq composite index has also slipped 38.15 points or 1.64%. The industries that are helping the market keep afloat today are: Aluminum: The top gainer of...
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Volatility Sold in CENX
Friday, May 7, 2010 - 2:32pm | 121Shares of Century Aluminum (NASDAQ: CENX) are off by 3.89% today, currently trading $11.38. The stock is now trading below both the 50 and 200-day moving averages, which is bearish. I am also detecting call selling in the name as well, where the January $15 call was sold on the bid 8,000 times for...
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What Bull Market? (DIA, FCX, AA, X)
Thursday, May 6, 2010 - 12:12pm | 158Despite being in a very robust "Bull Market", many materials stocks have no gains to show for themselves in 2010. I decided to look at some popular names and see how they have performed year-to-date. For comparison, the SPDR Dow Jones Industrial Average ETF (NYSE: DIA) is up 2.32% year-to-date....
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Materials Stocks Rebound (X, FCX, RTP, CENX)
Wednesday, May 5, 2010 - 5:47pm | 239Stocks in the materials sector have been taking it on the chin day after day, but today some big names managed to stay in the green despite another down day for the Dow and S&P. U.S. Steel (NYSE: X) finished up 72 cents, or 1.36%, to close at $53.83. Today's trading action came on heavier-than-...
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Stock Market News for May 5, 2010 - Market News
Wednesday, May 5, 2010 - 9:30am | 460Spreading concerns about European finances roiled global markets Tuesday, sending every major index from Australia to United States sharply lower even as speculation grew that financially strapped Spain would be the next to need a bailout. Concerns that Beijing was moving too fast to contain the...
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US Stocks Dive, Hit By Europe Crisis, Investors Take Refuge In Dollar & Bonds
Wednesday, May 5, 2010 - 5:49am | 251US stocks were at their worst yesterday as they made their biggest decline in the past three months. Worries surrounding Europe’s inability to solve Greece’s debt crisis, the investors shifted their focus from stocks and commodities to the US Treasury Bonds and the dollar. The Dow Jones Industrial...
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Alcoa Receives Delta Neutral Trade
Tuesday, May 4, 2010 - 1:22pm | 157Shares of Alcoa (NYSE: AA) are pushing lower once again today, off by over 4.50% to $12.50; the stock is now sitting on a critical support level of $12.50 that, if it were to break, could send the stock as low as $9.00 within 3-4 months. I am seeing action in the puts today with 25,000 Jan 2012 $12...
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Alcoa Seems Bearish Trade In 2012 Options
Tuesday, May 4, 2010 - 12:21pm | 72Dow component Alcoa (NYSE: AA), the largest U.S. aluminum maker, is home to some bearish options trade in long-dated options as more than 25,000 of the January 2012 12.50 puts have were purchased earlier today. The options trade was followed by the purchase of 975,000 shares of Alcoa, according to...
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Alcoa Crushed (AA)
Tuesday, May 4, 2010 - 10:14am | 97Alcoa Inc. (NYSE: AA) said auto industry demand will improve in 2010, but the aerospace, contruction and gas turbine markets will decline. Global consumption of aluminum will increase in 2010, the metal giant said. The forecasts were included in an Alcoa filing with the SEC dealing with the...
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Stock Market News for May 4, 2010 - Market News
Tuesday, May 4, 2010 - 9:30am | 481U.S. stocks rallied Monday, helped by a number of positive economic data and reports that European leaders and the International Monetary Fund had agreed to an aid plan worth about $146 billion for Greece. United Airlines’ plans to acquire Continental in a $3 billion all-stock deal also encouraged...
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Australian "Super Tax" Slams Materials (FCX, X, AA, RTP)
Monday, May 3, 2010 - 11:36am | 154Stocks in the metals and mining sector are getting slammed today after Australia announced it was planning to impose a "super-tax" on resource companies' profits. The 40 percent tax would begin in 2012 and raise $11 billion in its first two years. Citigroup mining analyst Craig Sainsbury said the...
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A Norwegian Fishery ETF After All?
Monday, May 3, 2010 - 8:03am | 681Well close anyway. One of the quirky little niches I've written about before is Norwegian fisheries, there are five or six of them (that I was able to find) and have made reference to this little group several time in the last couple of years. Fish and all that goes with it will play some role in...
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Materials And Industrials Crushed (JOYG, CAT, CMI, X, CENX, FCX)
Friday, April 30, 2010 - 4:16pm | 192Economically sensitive sectors like materials and industrials were absolutely crushed today as the broader markets sold off. The Dow Jones Industrial Average (DJI) lost 158 points, or 1.42%, to close at 11,008. The S&P 500 (SPX) lost 20 points, or 1.66%, to close at 1,186. Here are how some...
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Dawn Rises After The Blood Bath Yesterday Ahead Of Federal Reserve
Wednesday, April 28, 2010 - 12:17pm | 445The sun rose again, after the dramatic sell off yesterday. The markets dropped over 2% on the back of ugly news out of Europe on Greece and Portugal while back in the United States, Goldman Sachs Group, Inc. (NYSE: GS) was getting grilled by the Senate on Capitol Hill. The markets had their...