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LIT: Not a Pure Play On Lithium
Tuesday, July 27, 2010 - 9:47am | 455Global X Lithium ETF (LIT) was listed for trading last Friday (7/23/10). The new ETF tracks the Solactive Global Lithium Index, which is designed to reflect performance of the largest and most liquid lithium battery producing and mining and refining companies in the world. It is not a pure play...
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US Stock Futures Point To Another Day Of Gains
Tuesday, July 27, 2010 - 9:15am | 255US stock index futures rose sharply today as strong results by several companies boosted market sentiments. While futures on the Dow Jones Industrial Average climbed 53 points to 10510, those on the S&P 500 added 6 points to 1115.50. Meanwhile, Nasdaq 100 futures moved up 9.25 points to 1896.70...
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Cummins (CMI) Demolishes Estimates
Tuesday, July 27, 2010 - 9:12am | 775Speaking of companies increasingly escaping the sphere of the U.S. economy, Cummins (CMI) just posted a ridiculous earnings number. I had a feeling I'd regret selling out this position. Confirmed! I mentioned last week I was looking at a few names to add to the portfolio but they had earnings...
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Dupont Up Sharply After Reporting Strong Earnings, Raising Guidance (DD)
Tuesday, July 27, 2010 - 8:13am | 84Dupont (NYSE: DD) is up sharply this morning after reporting results that beat Wall Street estimates and lifting its outlook. DuPont earned $1.17 per share versus estimates of of 93 cents per share. Dupont reported revenues of $8.62 billion versus estimates of $8.27 billion. Dupont lifted guidance...
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DuPont's Q2 Results Top Targets, Guidance Raised
Tuesday, July 27, 2010 - 6:18am | 70DuPont (NYSE: DD) reports its Q2 EPS, ex-items, at $1.17, handily beating the consensus of $0.93. DD reports its Q2 revenue at $8.6 billion versus the Wall Street view of $8.23 billion. DuPont raises its EPS projections for 2010 to $2.90-$3.05, from $2.50-$2.70. DD’s shares moved up 0.15% to $39.05...
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ETFs To Watch July 27, 2010 (IYT, FXB, EWS, IBB)
Tuesday, July 27, 2010 - 5:28am | 276Here is the ETF Professor's ETF Watch List for Tuesday July 27, 2010. Play earnings from DuPont (NYSE: DD) with the Materials Select Sector SPDR (NYSE: XLB). The iShares Dow Jones Transportation Average Index Fund (NYSE: IYT) should be on your list anyway, but use it to play earnings reports from...
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Will Lithium Be Worth More than Gold?
Sunday, July 25, 2010 - 12:35am | 625Lithium, the world's lightest metal, is one of the hottest metals in the investment field, primarily due to its connection to the lithium ion batteries. About 20% of the lithium production is used for batteries, another 20% or so for producing glass and ceramics, 17% for lubrications and greases,...
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China Stocks Are The Best Buys Out There!
Tuesday, July 20, 2010 - 1:47pm | 348Speculation is running rampant today that China will end policies put in place to cool the housing market. Should these policies change and the government allow for a resurgence in growth, Chinese stocks may be at record cheap levels and be the best buys of 2010. Many Chinese stocks are trading at...
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Benzinga’s Top Upgrades (BHP, PPG, BMRC, HURN)
Tuesday, July 20, 2010 - 8:56am | 161BHP Billiton Limited (NYSE: BHP) was upgraded by Barclays Capital from "equal weight" to "overweight." BHP’s shares closed at $66.03 yesterday. BHP Billiton’s quarterly earnings soared 133.93% y/y. Morgan Stanley upgraded PPG Industries Inc (NYSE: PPG) from "equal weight" to "overweight." PPG’s...
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PPG Aerospace Awarded Mitsubishi Aircraft Contract
Tuesday, July 20, 2010 - 7:36am | 169PPG Industries’ (NYSE: PPG) aerospace transparencies group has been awarded a contract by Mitsubishi Aircraft Corp. (MJET) to design and manufacture the all-glass windshields and side flight-deck windows for the Mitsubishi Regional Jet (MRJ). Under the agreement, PPG will supply original-equipment...
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Solutia Increases Solar Presence in China
Monday, July 19, 2010 - 5:13pm | 86Solutia Inc. (NYSE: SOA) today announced that it will expand its operations in China to include the production of Vistasolar® ethylene vinyl acetate (EVA) encapsulant at its Suzhou, China facility. This investment will include the construction of a new building capable of housing several new EVA...
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PPG Industries Wins Contract with BAE Systems
Monday, July 19, 2010 - 7:26am | 93The transparent armor and specialty products group of PPG Industries’ (NYSE: PPG) aerospace business has won a contract with BAE Systems, Inc., for specialty transparencies that afford ballistics protection for gunners on U.S. Marine Corps tactical vehicles. The $1.2 million contract calls for PPG...
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New ETF To Focus on Lithium and Battery Makers (SQM, FMC, ROC)
Sunday, July 18, 2010 - 8:02pm | 170According to a report from the Wall Street Journal, hedge fund MC Capital Advisors helped launch a new ETF which tracks lithium producers and battery makers. The fund will be known as Global X Lithium, and is projected to start trading this week. It is expected to trade under the ticker symbol "...
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Market Waiting On JPM Earnings 07-14-2010
Wednesday, July 14, 2010 - 6:11pm | 873Cusick’s Corner The market stayed in a choppy consolidation range after the release of mixed economic data and FOMC revisions on GDP. The market is waiting for JPM earnings tomorrow which are due out around 7:30am ET. One important note -- the last time both Intel and JPM Chase beat earnings was...
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Stock Market News for July 9, 2010 - Market News
Friday, July 9, 2010 - 9:39am | 436Some solid retail sales numbers and reassuring signs from the job market sent U.S. stocks higher for a third day on Thursday even as the International Monetary Fund noted the global economy would grow faster than expected this year. After breaking through the 10,000 threshold Wednesday, the Dow...