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Wednesday's Mid-Day Options Volume Leaders
Wednesday, June 29, 2011 - 1:51pm | 86Here are today's mid-day options volume leaders… 1. Bank of America (NYSE: BAC) 298,453 contracts, 66.6% calls, 33.4% puts 2. Apple Inc. (NASDAQ: AAPL) 116,141 contracts, 49.2% calls, 50.8% puts 3. Citigroup Inc. (NYSE: C) 86,558 contracts, 77.6% calls, 22.4% puts 4. Freeport McMoran Copper and...
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Morning Market Losers
Wednesday, June 29, 2011 - 9:57am | 96Pro-Dex Inc (NASDAQ: PDEX) dipped 25.45% to $2.05 at 9:55 am. PDEX's trailing-twelve-month ROE is -22.05%. Tibet Pharmaceuticals Inc (NASDAQ: TBET) shares dropped 24.00% to $1.52. TBET's trailing-twelve-month revenue is $33.58 million. Rubicon Minerals Corporation (AMEX: RBY) shares moved down...
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Taseko Ensures Minimum Revenue Stream For The Next 18 Months
Tuesday, June 28, 2011 - 4:33pm | 136Taseko Mines Limited (NYSE: TGB) has purchased put options on approximately 90% of the Company's 2012 copper production, which ensures a minimum selling price of US$3.50 per pound. The puts were financed by selling funded calls at an average strike of US$5.07 per pound at a cost of US$0.10 per...
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Mines Management Announces Results of Annual Meeting and First Quarter 2011 Financial and Operating Results
Tuesday, June 28, 2011 - 1:30pm | 606Mines Management (NYSE: MGN) today announced the results of the Company's Annual Meeting of Shareholders ("Meeting") held in Spokane, Washington, on June 16th, 2011, at which the Company's shareholders considered the following proposals: Proposal 1 — The Director Election Proposal: to elect two...
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U.S. Energy Corp. Provides Operational Update
Tuesday, June 28, 2011 - 9:30am | 585U.S. Energy Corp. (Nasdaq: USEG), today announced an update on its oil and gas drilling programs. Colorado Operated Program – 3,000 gross / 2,400 acres net to USEG The Thompson 9-1-4 well spud on June 18th and is currently drilling towards its target depth of ~6,000 ft. The target objective is...
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So Far The Falling U.S. Dollar Index Saves Monday
Monday, June 27, 2011 - 10:53am | 176This morning, the U.S. Dollar Index has declined sharply since the opening bell rang at the New York Stock Exchange(NYSE). By now, we should all know when the U.S. Dollar Index declines the major stock market indexes will usually inflate and trade higher. That is certainly the case this morning,...
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Benzingas Top Upgrades
Monday, June 27, 2011 - 7:57am | 146Analysts at HSBC upgraded BHP Billiton Limited (NYSE: BHP) from “neutral” to “overweight.” BHP's shares closed at $88.61 on Friday. BHP's PEG ratio is 0.93. Analysts at Goldman Sachs upgraded ConAgra Foods Inc (NYSE: CAG) from “neutral” to “buy.” CAG's shares closed at $25.20 on Friday. ConAgra's...
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HSBC Upgrades BHP Billiton To Overweight
Monday, June 27, 2011 - 7:33am | 19HSBC has upgraded BHP Billton (NYSE: BHP) from Neutral to Overweight.
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Xinyi Received Favorable Local Tax Rates
Friday, June 24, 2011 - 9:02am | 163China Shen Zhou Mining & Resources (NYSE: SHZ) today announced that the Jingde county government has approved the application of the Xinyi Fluorite Company, a subsidiary of China Shen Zhou based in Jingde County, Anhui Province, to obtain favorable tax rates for the next five years starting...
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Mad Money Lightning Round: Cramer Likes Apple, Freeport McMoRan
Friday, June 24, 2011 - 12:54am | 228On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Apple (NASDAQ: AAPL) “appears to have recently bottomed at $310 a share. It sells at just three times cash. I believe that Apple can go higher." Cramer said that he “did a huge mea culpa on Oclaro (NASDAQ: OCLR).” He added, “I...
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Forget The Greek Tragedy, Follow The Dollar
Thursday, June 23, 2011 - 3:26pm | 255We can examine this market until we are blue in the face. Will Greece get bailed out for a second time in two years or not? Will the European Union fall apart? The truth of the matter is that we just need to simply follow the U.S. Dollar Index. When the U.S. Dollar Index declines the major stock...
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Fast Money Picks For June 23rd (FCX, EEM, SJM, TER)
Wednesday, June 22, 2011 - 7:20pm | 240CNBC Fast Money's Brian Kelly said on the show that he wants to buy Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) on Thursday. Freeport-McMoRan Copper & Gold Inc. (FCX) lost 0.77% today, and it closed at $48.86. If you believe that the emerging markets will benefit from lower inflation,...
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Check Out The Chart: A Mountain To Climb For This Materials ETF
Wednesday, June 22, 2011 - 1:57pm | 349One of the most prominent themes of the market's May-June swoon, the last few days not withstanding, has been the ferocity with which materials stocks have been drubbed. Concerns about global economic growth have a tendency to do that to sectors that are highly levered to the growth theme. Today's...
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Almaden Options Yago Project Mexico to G4G Resources
Wednesday, June 22, 2011 - 9:03am | 141Almaden Minerals (NYSE: AAU) is pleased to announce that, subject to regulatory approval, it has agreed to terms with G4G Resources whereby G4G can acquire a 70% interest in Almaden's 100% owned Yago gold-silver project located in Nayarit State Mexico. To earn a 60% interest in the property, G4G is...
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Transport Stocks Continue To Deliver
Tuesday, June 21, 2011 - 10:35am | 146The highly followed transportation sector continues to rally this morning. This sector found a short term low on June 13, 2011, since that time the sector has rallied higher by nearly 5.0 percent. Today, the iShares Dow Jones Transportation ETF(NYSE: IYT) is trading higher by $1.47 to $95.99 a...