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Basic Materials Sector Taking a Hit
Wednesday, June 15, 2011 - 12:50pm | 296The Basic Materials Sector is one of the worst performing areas of the market today, currently down 1.9% on the session. The weakest stocks in the S&P Basic Materials Sector currently are: 1) CF Industries (NYSE: CF): Shares of CF Industries are currently trading down 4% from yesterday's...
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Basic Materials Stocks Surging
Tuesday, June 14, 2011 - 12:57pm | 326The Basic Materials Sector was one of the worst performing areas of the market in yesterday's trading session. Today, however, it is the strongest, currently trading up 2.12% on the day. The best performing stocks currently in the S&P 500 Basic Materials Sector are: 1) Alpha Natural Resources...
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Energy Stocks Showing Weakness 06-13-2011
Monday, June 13, 2011 - 6:58pm | 899Cusick's Corner Let's take a look at a major sector -- most notably beaten up is Energy, Crude down $-2.19, and the Energy ETF XLE has broken support. This break is a potential signal that the part of the market that has been outperforming is now under pressure since the Saudis came in and upped...
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Tech Lags 06-09-2011
Monday, June 13, 2011 - 3:03pm | 946Cusick's Corner As I said in the past few Corners, a bounce here is not unexpected, especially after the pounding that has been going on the last 6 sessions. What is concerning me is that Tech was the real laggard today, and some might say it is about time. But I watch offensive sectors closely,...
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Market Needs Spinach 06-09-2011
Monday, June 13, 2011 - 3:00pm | 863Cusick's Corner Market is trying to garner strength but there is a lot of overhead resistance. News was a mixed bag today but the market has bounced back some, plus the VIX dropped again and is trading around 17. See you After Hours. Stock market averages are rebounding from six-days of losses...
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Dahlman Rose Lowers Estimate, Reiterates Buy Rating on Taseko Mines
Monday, June 13, 2011 - 1:57pm | 116Dahlman Rose is out with a research report this afternoon, where it reiterates its Buy rating on Taseko Mines (NYSE: TGB); it has a $9.94 price target on the stock. The DR analysts cited Taseko Mines's quarterly earnings results, which came in short of consensus, primarily due to lower production...
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Almaden Appoints Chief Financial Officer & New Director
Monday, June 13, 2011 - 9:03am | 143Almaden Minerals (NYSE: AAU) announces that Mark T. Brown, who has served as Chief Financial Officer since November, 2007, will be joining the Board of Directors of Almaden effective immediately, and is pleased to announce that Mr. Korm Trieu has been appointed as the Company's new Chief Financial...
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Guru Investing: 9 Jeremy Grantham Buy Ideas
Thursday, June 9, 2011 - 4:49pm | 121By Neal Goodwin Today we look at a few of Jeremy Grantham's latest buy ideas. For those wondering why one should follow the advice of Jeremy Grantham, look no further than the continuous success of his Boston-based asset management firm Grantham May Van Otterloo (GMO). GMO has had a 10 year...
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S&P 500's Hottest Sector 06/09/11
Thursday, June 9, 2011 - 12:25pm | 247The S&P 500 is being led in today's trading action by the Basic Materials Sector, which is currently trading up 1.9% from yesterday's close. The best stocks currently trading in that sector are: 1) Allegheny Technologies (NYSE: ATI): Currently trading up 4.7% from yesterday's close to $62.36....
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Update by Ivanhoe Mines Reports Construction of the Oyu Tolgoi Copper-Gold-Silver Mining Complex Has Reached 23% Completion and Remains Ahead of Schedule
Thursday, June 9, 2011 - 8:35am | 58Robert Friedland, Chief Executive Officer of Ivanhoe Mines (NYSE: IVN) (NASDAQ: IVN), issued an operations update today that reports on progress being achieved on the development of principal projects in the portfolios of the parent company and its subsidiaries and associated interests.
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Cardero Names Michael Hunter President & Files NI 43-101 Resource Estimate on Carbon Creek Project
Wednesday, June 8, 2011 - 8:03am | 105Cardero Resource Corp. (NYSE: CDY) announces the appointment of Mr. Michael Hunter as President of Cardero as a result of the recently completedacquisition of Coalhunter Mining Corporation. Mr. Hendrik Van Alphen will remain as the Chief Executive Officer and a Director of the Company. In...
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Dahlman Rose Comments On Exeter Resource
Tuesday, June 7, 2011 - 4:51pm | 96Dahlman Rose provided color on Exeter Resource (OTC: XRA) in a research report published today. Dahlman Rose has previously given Exeter Resource a Buy rating. In the report, Dahlman Rose states, "Exeter announced the prefeasibility study (PFS) results for a standalone oxide gold mine scenario at...
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Today's Shorts Snapshot 06-06-2011
Monday, June 6, 2011 - 6:32pm | 993Cusick's Corner The market has broken down and while we are at potential congestion levels/support levels, the shorts are not covering at this stage. Right now the market is seeing volatility start to move and this is a point where you could see stocks get into a range, especially now that we are...
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Commodity Stocks Show Early Strength
Monday, June 6, 2011 - 10:10am | 167This morning, many of the leading commodity stocks are showing some early gains. Often, when the U.S. Dollar Index declines intra-day this will usually help to inflate the major commodity and stock markets. Therefore, should the U.S. Dollar Index rally higher during the trading session it would be...
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Goldman Sachs Reiterates Buy and PT of $64 on Freeport-McMoRan Copper and Gold
Monday, June 6, 2011 - 6:33am | 159Goldman Sachs reiterated its Buy rating on Freeport-McMoRan Copper and Gold (NYSE: FCX). At the same time, Goldman left its price target on the company's stock unchanged at $64. In a research report published today, Goldman argued that the stocking of copper supplies in China is over and the price...