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Teck Announces Rejection of Elkview Collective Agreement
Monday, March 21, 2011 - 8:34am | 64Teck Resources Limited (NYSE: TCK) announced today that 57% of the employees at its Elkview Operation in southeastern British Columbia voted to reject a new five year collective agreement. The current work stoppage that began on January 30, 2011 will continue. Teck plans to recommence discussions...
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Benzinga's Top Downgrades (KFT, TGB, MHS, SFD)
Monday, March 21, 2011 - 8:24am | 141Kraft Foods Inc (NYSE: KFT) was downgraded by JP Morgan from "overweight" to "neutral." KFT's shares closed at $30.99 on Friday. Kraft Foods' PEG ratio is 1.51. Credit Suisse downgraded Taseko Mines Ltd (AMEX: TGB) from “neutral” to “underperform.” TGB's stock closed at $5.94 on Friday. Taseko...
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A Peek Into The Market Before The Trading Starts
Monday, March 21, 2011 - 7:36am | 420Pre-open movers US stock futures are higher this morning, after AT&T (NYSE: T) announced its plans to buy T-Mobile USA for around $39 billion. Futures for the Dow Jones Industrial Average surged 105 points to 11,904.00, while those for the S&P 500 stock index climbed 13.60 points to 1,287....
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Benzinga's Top ETF Decliners, March 18th (TVIX, EWV, ZSL, DPK)
Friday, March 18, 2011 - 10:05pm | 190VelocityShares Daily 2x VIX Short Term ETN (NYSE: TVIX) traded lower for the second trading session in a row. TVIX fell 6.36%, and closed at $52.99. ProShares UltraShort MSCI Japan (ETF) (NYSE: EWV) fell 5.50% as Mizuho Financial Group, Inc. (ADR) (NYSE: MFG) gained 2.88%, and Canon Inc. (ADR) (...
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Active Screen - CANSLIM: Top 8 for March 18th
Friday, March 18, 2011 - 11:36am | 1246There was no change on the stocks from last week. The Top-8 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 selling which...
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Pre-Market News And Views
Friday, March 18, 2011 - 9:15am | 329This morning the S&P 500 e-mini futures(ES M1) are soaring higher by 12.50 points to 1281.50 per contract. The rally in the futures comes as the Japanese Nikkei 225 Index rose by 2.72 percent last night. The strength of the Japanese Yen has also pulled back sharply as the G7 said they will...
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Compass Minerals Announces Price Increase on Sulfate of Potash Specialty Fertilizer
Thursday, March 17, 2011 - 4:30pm | 64Great Salt Lake Minerals Corp., a subsidiary of Compass Minerals (NYSE: CMP), will increase the price of all sulfate of potash specialty fertilizer products by $50 per short ton on orders placed or shipped on or after April 1, 2011, or as contracts allow. This increase will apply to both standard...
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WSJ: Record Copper Prices Prompt Switch to Aluminum
Thursday, March 17, 2011 - 1:51pm | 1267Copper is probably the most watched of the commodities for those with a macro economic bent; we've outlined in countless pieces its label as "Doctor Copper" as a marker of industrial health. Hence its recent pullback in price had caused some concern..... Rather than a copper ETF, the company...
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China Shen Zhou CEO Resigns; Likely Fraud (SHZ)
Wednesday, March 16, 2011 - 3:04pm | 64Shares of China Shen Zhou Mining & Resources (NYSE: SHZ), a company that many have whispered is likely a fraud, are plunging right now after the CEO resigned. At last check, SHZ was down 6.79% at $3.43. This stock traded as high as $10.00 in January on the back of the hype about rare earth...
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China Shen Zhou Mining & Resources CFO Resigns (SHZ)
Wednesday, March 16, 2011 - 3:01pm | 66China Shen Zhou Mining & Resources, Inc. (NYSE: SHZ) CFO Lifeng Wang resigned, citing "personal reasons." The stock is getting crushed on this news, down nearly 9% to $3.39. China Shen Zhou Mining & Resources, Inc., through its subsidiaries, engages in exploring, developing, mining,...
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Mad Money Lightning Round OT: Cramer Thinks That TGB Is A Buy (STON, TGB, AGNC)
Tuesday, March 15, 2011 - 7:27pm | 219CNBC Mad Money's Jim Cramer said on the Mad Money Lightning Round OT that he can't recommend StoneMor Partners L.P. (NASDAQ: STON), because he doubts that it will make a dividend payment. He believes that the cemetery space is doing well, but he can't recommend this stock StoneMor Partners L.P. (...
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Fast Money Picks For March 16th (FCX, XOM, CBI, LUNMF, RMBS)
Tuesday, March 15, 2011 - 7:12pm | 291CNBC Fast Money's Brian Kelly said on the show that he is a buyer of Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX). He explained that copper is performing better, and he added that FCX could also benefit from Japan's rebuilding. Freeport-McMoRan Copper & Gold Inc. (FCX) spiked 5.11% today...
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Freeport-McMoran Rises 6% On Enormous Volume (FCX)
Tuesday, March 15, 2011 - 3:49pm | 115Shares of copper and gold miner Freeport-McMoran (NYSE: FCX) gapped sharply lower this morning along with the major averages. The stock has been aggressively accumulated, however, throughout the trading day and is now almost 6% higher at $51.65. This has all of the makings of a significant bottom...
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Weak Dollar And Weak Oil Buoy Stocks
Tuesday, March 15, 2011 - 3:21pm | 209The major stock market indexes have traded sharply off of their intra-day lows. This morning the Dow Jones Industrial Average was lower by nearly 300 points. However, once the trading volume subsided and oil and the U.S. Dollar Index declined the major indexes inflated right back up to cut their...
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Time To Look At Freeport? (FCX)
Tuesday, March 15, 2011 - 12:54pm | 133Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) has shown incredible strength today, gaining 2%, despite sharp weakness in the equity markets. The stock hit a low of $46.53 this morning on fears the world was ending again (I guess it didn't), and is now approaching the $50 level. Volume has...