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Klaus Kleinfeld Says Asia, Mideast Helping Aluminum (AA)
Wednesday, January 26, 2011 - 10:51am | 222Klaus Klienfeld, CEO of Alcoa Inc. (NYSE: AA) said that aluminum demand will double by 2020, led by demand from China, Brazil, and the Middle East. “We see places like China continuing to lead with growth of 21 percent last year, 13 percent this year,” Kleinfeld said in an interview in Davos,...
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Fast Money Picks For January 26th (RIO, CMG, BLK, GM)
Tuesday, January 25, 2011 - 7:49pm | 199Tim Seymour said on CNBC's Fast Money that investors with a short position in Rio Tinto plc (ADR) (NYSE: RIO) should cover on Wednesday. Rio Tinto plc (ADR) (RIO) fell 2.78% today, and closed at $68.57. Guy Adami wants to buy BlackRock, Inc. (NYSE: BLK) tomorrow, and Brian Kelly thinks that it...
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Commodity Stocks Get Rocked
Tuesday, January 25, 2011 - 11:38am | 353Ever since the Asian nations began to raise interest rates most leading commodity stocks and ETF's have come under severe pressure. Last night India raised their key interest rate by another 25 basis points in effort to curb the high inflation that the country is facing. China has been raising bank...
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BHP Billiton And other Commodity Stocks Stage An Afternoon Pullback
Monday, January 24, 2011 - 4:48pm | 78BHP Billiton Ltd.(NYSE: BHP) is one of the largest natural resources companies in the world. Today the stock is trading higher by $1.39 to $89.60 a share. Intra-day the stock failed to break above the $90.00 resistance level and has pulled back throughout the afternoon. The stock will have short...
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BHP Downgraded to Neutral - Analyst Blog
Monday, January 24, 2011 - 4:31pm | 350We downgrade our rating on BHP Billiton Ltd. (BHP) from Outperform to Neutral based on the recent floods in Australia. The flood has forced closure of mines, reducing production levels, particularly when the market is improving and metal prices are reaching for the sky. This is going to have a...
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BHP Downgraded to Neutral - Analyst Blog
Monday, January 24, 2011 - 4:15pm | 350We downgrade our rating on BHP Billiton Ltd. (BHP) from Outperform to Neutral based on the recent floods in Australia. The flood has forced closure of mines, reducing production levels, particularly when the market is improving and metal prices are reaching for the sky. This is going to have a...
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A Good Start to Earnings Season - Earnings Trends
Monday, January 24, 2011 - 3:31pm | 4949Key Points: 4Q earnings season off to great start, but still very early, with just 81 of S&P 500 firms having reported. Median surprise of 6.56% and surprise ratio of 3.69 for EPS, 1.50% and 3.47 for revenues. Reported (81 firms) fourth quarter earnings growth of 63.3%, expected (419 firms)...
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Merger Arbitrage Mondays – January 24, 2011
Monday, January 24, 2011 - 6:29am | 5007Merger activity increased last week with five new deals announced and one deal closing. You can find all the deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 10 Total Number of Pending...
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A Good Start to Earnings Season - Earnings Trends
Monday, January 24, 2011 - 1:00am | 4949Key Points: 4Q earnings season off to great start, but still very early, with just 81 of S&P 500 firms having reported. Median surprise of 6.56% and surprise ratio of 3.69 for EPS, 1.50% and 3.47 for revenues. Reported (81 firms) fourth quarter earnings growth of 63.3%, expected (419 firms)...
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BHP Billiton's Output Rises - Analyst Blog
Friday, January 21, 2011 - 7:31pm | 341Australian largest miner, BHP Billiton Ltd. (BHP), recently reported production highlights for the first half of fiscal 2011. BHP Billiton reported a 5% year-over-year increase in its iron ore production for the first half of fiscal 2011 ending December 31, 2010. The company's oil and natural-...
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BHP Billiton's Output Rises - Analyst Blog
Friday, January 21, 2011 - 6:51pm | 341Australian largest miner, BHP Billiton Ltd. (BHP), recently reported production highlights for the first half of fiscal 2011. BHP Billiton reported a 5% year-over-year increase in its iron ore production for the first half of fiscal 2011 ending December 31, 2010. The company's oil and natural-...
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The Perfect Level: Rare Earth Alert
Friday, January 21, 2011 - 2:37pm | 312The mineral trade has been one for the ages. Stocks like Molycorp, Inc. (NYSE: MCP) doubled in value in the month of December, soaring to an all time high of $62.80. Rare earth metals and minerals were the place to be as rumors surfaced out of China that they may lower the amount allowed for export...
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Stock Market News for Jan 21, 2011 - Market News
Friday, January 21, 2011 - 11:01am | 733Fears of additional tightening measures by China to control inflation turned investors jittery on Thursday as markets shed a few points. Lackluster and mixed earnings reports did little to restore investors' faith. However, positive economic data helped the indices avoid a big fall. Stronger...
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Goldman Sachs Lowers FCX Target To $127
Friday, January 21, 2011 - 10:59am | 108Goldman Sachs is lowering its 2011/12 estimates for Freeport-McMoRan Copper & Gold (NYSE: FCX) to $11.35/$11.45 from $12.75/$12.00 on lower volume assumptions and higher costs as highlighted by Freeport in its 2011 guidance. “Higher costs are primarily a function of lower production volume at...
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Dahlman Rose Gives BHP Billiton Production Report Overview
Friday, January 21, 2011 - 10:22am | 234BHP Billiton (NYSE: BHP) reported record iron ore production in its 2Q11 production report, but indicated that Queensland flooding will have a significant impact on met coal production for the fiscal year. Dahlman Rose is maintaining its FY2011 earnings estimate for the time being until it can gain...