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Stock Market News for Jan 21, 2011 - Market News
Friday, January 21, 2011 - 10:15am | 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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Entr e Gold Appoints Bruce Colwill as New CFO
Friday, January 21, 2011 - 10:07am | 30Entr e Gold Inc. (NYSE: EGI) announces that it has appointed Bruce Colwill, C.A. as its Chief Financial Officer effective February 1, 2011.
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Freeport-McMoRan Downgraded To Hold By Citigroup
Friday, January 21, 2011 - 10:07am | 131Citigroup has published a research report on Freeport-McMoRan Copper & Gold, Inc. (NYSE: FCX) and has downgraded the company to Hold from Buy. In the report, Citigroup writes "We are downgrading FCX shares to Hold after lowering our earnings and target price to $118 on higher costs. As well,...
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Goldman Sachs Lowers FCX Estimates, PT Drops To $127
Friday, January 21, 2011 - 9:38am | 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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Citigroup Downgrades FCX To Hold
Friday, January 21, 2011 - 9:03am | 30Citigroup has downgraded Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) from Buy to Hold and has also lowered the price target from $124 to $118.
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Market Re-Run 01-20-2011
Thursday, January 20, 2011 - 3:47pm | 1042Cusick's Corner Here's the long and short of this market action -- profit taking. While this has not violated the larger uptrend, this is a distribution that we have not seen in over a month. Right now the market looks and feels a lot like last spring, where after a nice run up, consolidation,...
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FCX Beats Consensus Handily - Analyst Blog
Thursday, January 20, 2011 - 3:01pm | 464Metals and mining powerhouse Freeport-McMoRan Copper & Gold Inc. (FCX) posted excellent net income of $1.5 billion or $3.25 per share in the fourth quarter of 2010, outshining the Zacks Consensus Estimate of $2.87 per share. Quarterly revenues of $5.6 million surpassed the Zacks Consensus...
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FCX Beats Consensus Handily - Analyst Blog
Thursday, January 20, 2011 - 2:30pm | 464Metals and mining powerhouse Freeport-McMoRan Copper & Gold Inc. (FCX) posted excellent net income of $1.5 billion or $3.25 per share in the fourth quarter of 2010, outshining the Zacks Consensus Estimate of $2.87 per share. Quarterly revenues of $5.6 million surpassed the Zacks Consensus...
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Market Roundup (FFIV, CSCO, EMC, NTAP, JNPR, EBAY, LUV, FCX, GOOG)
Thursday, January 20, 2011 - 1:25pm | 349Technology stocks tumbled today, as shares of F5 Networks (NASDAQ: FFIV) dipped about 21.6% after reporting weaker-than-expected results and projections. Other decliners in the list included Cisco Systems (NASDAQ: CSCO), EMC Corp (NYSE: EMC), NetApp Inc (NASDAQ: NTAP) and Juniper Networks (NASDAQ:...
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Alert: Metal Stocks May Bounce
Thursday, January 20, 2011 - 1:21pm | 226The markets are getting hit again, though beginning to move off their lows of the day. There has been a key move to the upside in United States Steel Corporation (NYSE: X). While an analyst upgraded the price target also a massive support was hit at the lows today. These have triggered a solid...
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China Plummets Again
Thursday, January 20, 2011 - 11:13am | 393Last night the Shanghai Index declined by nearly 3.00 percent again. Since November 8th, 2010 the important Shanghai Index has declined lower by nearly 15.0 percent. The decline comes as the Chinese economy reported a stronger than expected gross domestic product(GDP) of 9.8 percent. The Chinese...
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Unconfirmed Rumors Circulate that BHP Billiton Ltd. (BHP) is in final stages to acquire Anadarko Petroleum Corporation (APC) at $95.00 a share
Thursday, January 20, 2011 - 10:49am | 35Unconfirmed Rumors Circulate that BHP Billiton Ltd. (BHP) is in final stages to acquire Anadarko Petroleum Corporation (APC) at $95.00 a share.
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Time for a Correction? 5 Hedging Strategies
Thursday, January 20, 2011 - 8:50am | 2379As the market has been grinding higher over the past few months, we've heard many bears state that we are overbought and that we're due for a correction. The overbought part was likely true, but no correction was in sight on the back of QE2. I don't like being short when the printing presses...
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Fast Money Picks For January 20th (BHP, RIO, MCD, TBT)
Wednesday, January 19, 2011 - 8:01pm | 227On CNBC's Fast Money, Tim Seymour recommended a short position in the mining industry. His shorting candidates are BHP Billiton Limited (ADR) (NYSE: BHP) and Rio Tinto plc (ADR) (NYSE: RIO). BHP Billiton (BHP) fell 1.03% in the regular trading session, and it lost additional 0.47% in the after...
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Aggressive Growth Stock Picks- Jan.19, 2011 - Zacks Rank Buys
Wednesday, January 19, 2011 - 7:01pm | 167COMPLETE PRODUC (CPX): Free Stock Analysis Report POLYONE CORP (POL): Free Stock Analysis Report TECK RESOURCES (TCK): Free Stock Analysis Report TENNECO INC (TEN): Free Stock Analysis Report Zacks Investment Research