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UPDATE: Morgan Stanley Upgrades Freeport McMoRan To Overweight
Monday, March 28, 2011 - 8:58am | 164Freeport McMoRan's (NYSE: FCX) stock is oversold, in Morgan Stanley's view, down 9% YTD on misplaced concerns about Chinese copper demand, FCX's growth potential, and cost pressures. In a supply-constrained industry, FCX's attractive brownfield expansions should improve earnings power. Morgan...
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Ivanhoe Mines Reports FY 2010 EPS of $(0.42)
Monday, March 28, 2011 - 7:56am | 39Ivanhoe Mines Ltd. (NYSE: IVN) (NASDAQ: IVN) today announced its financial results for the year ended December 31, 2010. Revenue $79.8M Net loss per share $ 0.42
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Morgan Stanley Ups FCX To Overweight
Monday, March 28, 2011 - 6:49am | 44Analysts at Morgan Stanley upgrade Freeport-McMoRan Copper & Gold Inc (NYSE: FCX) from “equal weight” to “overweight.” FCX shares gained 0.39% to close at $54.55 on Friday. More Analyst Ratings here
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Goldman Has Doubts About Deal For Woodside
Sunday, March 27, 2011 - 10:35pm | 243Woodside Petroleum, Australia's second-largest oil and natural gas producer, saw its shares perk up on Friday on the renewal of an old rumor and one that Goldman Sachs (NYSE: GS) has its doubts about: That a suitor is preparing to make a move on Woodside. The scuttlebutt started up again as Royal...
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ETF Showdown: A Materials Matchup
Friday, March 25, 2011 - 2:21pm | 492Let's be honest: Few investors think that what materials and mining companies do is a "sexy" business. They don't make smartphones, tablets or operate in the high-growth e-commerce or social networking spheres. Yep, all that is true, but materials stocks, on the other hand, are sexy. High beta...
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Active Screen - CANSLIM: Top 8 for March 24th
Friday, March 25, 2011 - 6:52am | 1161Another week with no change. The Top-8 as ranked by Market Cap remain Apple (AAPL), Vale S.A. (VALE), Barrick Gold (ABX), Free McMoran (FCX), Baidu (BIDU), Research in Motion (RIMM), Cognizant Technlogy (CTSH), and Intuitive Surgical (ISRG). The Screener setup was as follows: The past week has...
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BHP Billiton To Spend $9.5B On Aussie Projects
Thursday, March 24, 2011 - 11:12pm | 192BHP Billiton (NYSE: BHP), the world's largest mining company, said it plans to spend $9.5 billion to expand Australian coal and iron ore projects to meet soaring demand from Asian customers. Last month, the Anglo-Australian mining giant said it planned to spend $80 billion on new projects and...
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Hyperinflation Here We Come!
Thursday, March 24, 2011 - 11:03pm | 899Are you prepared for hyperinflation? Here’s why it can be a good idea to prepare. With all of the reckless government spending, many are becoming concerned about the potential devastating effects of inflation. Significant inflation is not only feasible, it is very likely. We are...
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Ivanhoe Mines Up 3% (IVN)
Thursday, March 24, 2011 - 11:34am | 94Ivanhoe Mines Ltd. (NYSE: IVN) shares spiked after Josh Brown, a Vice President at Fusion Analytics mentioned the name on CNBC. Brown said the company is a heavy miner in minerals, particularly silver, which seemed to move the name higher. At last check, shares were up 76 cents to $28.12, a gain...
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Absaroka Publishes Open Letter For Shareholders And Investors (SHZ, CEU)
Wednesday, March 23, 2011 - 12:36pm | 200Absaroka Capital Management is publishing an open letter to shareholders and potential investors in China Shen Zhou Mining & Resources (NYSE: SHZ) to set the record straight regarding Absaroka's Initiating Coverage Report. In the letter, Absaroka Equity Analyst Kevin Barnes said that Absaroka...
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Pre-market News And Views
Wednesday, March 23, 2011 - 9:31am | 399Oil will be the lead story today as WTI crude is trading above the $105.00 level. It is still amazing that many talking heads in the financial media are discounting the effects of high energy prices. Please remember that U.S. consumer spending accounts for 70.0 percent of the gross domestic product...
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Copper Is Ripping Higher (JJC, FCX)
Wednesday, March 23, 2011 - 9:30am | 64Copper is up more than 11 cents in pre-market trading, which should lead to gains at the open in the Copper ETF (NYSE: JJC) and Freeport McMoran (NYSE: FCX). If copper can hold onto these gains, perhaps this correction is officially over, and the uptrend in equities can resume.
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Cyclones Hamper Rio Tinto's Q1 Iron Production
Tuesday, March 22, 2011 - 2:19am | 196Rio Tinto (NYSE: RIO), the world's second-largest mining company, said its first-quarter iron ore production will be impacted by the spate of cyclones that struck Australia last month. Rio rival BHP Billiton (NYSE: BHP) and other Australian iron ore miners are also expected to say their first-...
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Fast Money Picks For March 22nd (COP, RIO, CHD, DBA)
Monday, March 21, 2011 - 9:56pm | 234On CNBC's Fast Money, Stephen Weiss said that he wants to buy ConocoPhillips (NYSE: COP) on Tuesday. He explained that COP is the only energy stock that Warren Buffett has in his top 10 holdings. ConocoPhillips (COP) gained 2.92% on Monday, and it closed at $77.55. Tim Seymour recommended a long...
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Timberline Announces Its Initial NI 43-101 Compliant Gold Resource at Lookout Mountain
Monday, March 21, 2011 - 8:50am | 137Timberline Resources Corporation (NYSE: TLR) today reported an initial National Instrument 43-101 compliant gold resource estimate at its Lookout Mountain Gold Project within the Company's South Eureka Property, which lies along the Battle Mountain - Eureka Trend of central Nevada. Timberline's...