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Freeport-McMoran Goes Positive! (FCX)
Thursday, March 10, 2011 - 2:12pm | 78Don't look now, but Freeport-McMoran (NYSE: FCX) has just gone positive and is up $2 off of its lows. Freeport has been crushed in recent weeks and is trading well off of its 52-week high. This could be a significant tell about where the big players see copper going in the coming months. It looks...
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Active Screen - CANSLIM: Top 8 for March 10th
Thursday, March 10, 2011 - 12:46pm | 1200There was no change on the stocks from last week with the Top-8 holding rank. These are: 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:...
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Copper Down Another 5 Cents: How To Trade It (JJC, FCX)
Thursday, March 10, 2011 - 10:33am | 114Copper is down another 5 cents in early Thursday trading. It's abundantly clear that the correction is upon us, with copper plunging from just last week. If you believe that a correction is here, which all signs are pointing to yes, then going short the copper ETF (NYSE: JJC) or Freeport McMoran...
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Pre-Market New And Views
Thursday, March 10, 2011 - 10:26am | 418This morning the S&P 500 e-mini futures contract(ES H1) is trading lower by 7.25 points to 1307.75. The futures have come under pressure as the Asian market tumbled last night. The highly important Shanghai Index(China) traded lower by 1.51 percent. Whenever, the leading Asian stock indexes...
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Rio Tinto Raises Bid For Riversdale Mining
Thursday, March 10, 2011 - 3:02am | 221Rio Tinto (NYSE: RIO), the world's second-largest mining company, has raised its bid for Australian coal producer Riversdale Mining to $3.9 billion in an effort to ward off challenges from steelmakers that own stakes in the coal company that threaten the deal. Brazil's Companhia Siderurgica...
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Copper Drops Like A Rock
Wednesday, March 9, 2011 - 4:27pm | 318Many traders and investors consider copper to be a leading indicator for the stock market. The legendary trader, Jesse Livermore, used to say that a strong copper market was a sign of a strong stock market. When copper declined sharply it was a sign a weak stock market ahead. Today, many of the...
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Freeport-McMoran Hitting New Lows (FCX)
Wednesday, March 9, 2011 - 3:42pm | 132The sell-off in materials today is getting extremely ugly, despite what the major averages may be saying. Currently, Freeport-McMoran (NYSE: FCX) has just taken another leg down and is sitting at new intra-day lows. The stock has lost 3.55% to $48.33 during Wednesday's trading session. This name...
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Mad Money Lightning Round: Cramer Likes Freeport-McMoRan (PVX, KMP, EPD, TPX, FCX, GOLD, GG)
Wednesday, March 9, 2011 - 3:42am | 208On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Provident Energy Trust (NYSE: PVX) is “my kind of company.” He added, “It's not as good as Kinder Morgan Energy Partners (NYSE: KMP) or Enterprise Products Partners (NYSE: EPD). But it's just a plain good stock." Cramer said...
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Muddy Waters Short China Shen Zhou Mining & Resources (SHZ)
Tuesday, March 8, 2011 - 12:24pm | 83Muddy Waters Research tweeted that it is short China Shen Zhou Mining & Resources Inc. (AMEX: SHZ) based off a Absaroka report, which values the company at $1.25. Here is a link to the full report. At last check, shares of China Shen Zhou Mining were off 11 cents to $5.14, a loss of 2.1%.
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Rumors About A Potential Muddy Waters Report On China Shen Zhou Mining (SHZ)
Tuesday, March 8, 2011 - 12:17pm | 83We just picked up a tweet that Muddy Waters Research may be releasing a negative report on rare earths company China Shen Zhou Mining & Resources (AMEX: SHZ). This stock has been very active in recent months as a result of the surge in investor interest in rare earths. During Tuesday's...
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Options Brief: China Shen Zhou Mining & Resources (SHZ)
Tuesday, March 8, 2011 - 12:14pm | 91Shares of China Shen Zhou Mining & Resources (AMEX: SHZ) are lower on the session by 5.33%, trading at $4.97. Overall put volume is now running at 11.92x the daily average, with 73% of all puts traded being purchases on the offer. 2,408 contracts have traded on the session so far. China Shen...
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Pre-Market News and Views
Monday, March 7, 2011 - 10:21am | 436This morning the S&P 500 e-mini futures(ES H1) are actually trading higher by 1.00 point to 1321.25 despite the surge higher in oil. Oil is trading higher today by $2.18 to $106.60 a barrel. This is a new 52 week high for crude as the violence in Libya continues to escalate. Other nations in...
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Arcelor Mittal, Vale Competing For Mongolian Coal Mine
Monday, March 7, 2011 - 4:14am | 285Arcelor Mittal (NYSE: MT), the world's largest steelmaker, and Brazil's Vale (NYSE: VALE), the world's largest iron ore producer, are among six companies in a heated competition to Mongolia's Tavan Tolgoi mine, the world's largest coking coal deposit that has yet to be mined. Peabody Energy (NYSE...
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Freeport-McMoran In The Red (FCX)
Thursday, March 3, 2011 - 1:33pm | 96Shares of Freeport-McMoran (NYSE: FCX), which have been struggling recently, are now in the red in what is a very strong broad market tape. The stock is currently down 0.19% to $51.87 despite a 172 point rally in the Dow Jones Industrial Average. During the last month, FCX has lost nearly 9%. In...
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Active Screen - CANSLIM: Top 8 for March 3rd
Thursday, March 3, 2011 - 9:58am | 1280There was another shuffle in the lineup of the top-8 stocks ranked by Market Cap. Gone was Southwestern Energy (SWN) and in came Vale S.A. (VALE). The current top 8 are: Apple (AAPL), Vale S.A. (VALE), Barrick Gold (ABX), Free McMoran (FCX), Baidu (BIDU), Research in Motion (RIMM), Cognizant...