-
Commodity Trading: Copper (Freeport-McMoRan) Versus Oil (Exxon Mobil)
Thursday, December 23, 2010 - 9:12am | 2232When discussing commodities-based stocks, there is usually correlation between the underlying commodity and the company's share price. As most of you know, there has been a pretty large rally in commodities stocks over the last few months. Gold and copper are near all-time highs again. Freeport...
-
Options Brief: BHP Billiton Limited (BHP)
Wednesday, December 22, 2010 - 3:13pm | 89Shares of BHP Billiton Limited (NYSE: BHP) are higher on the session by 0.68%, trading at $91.60. Overall put volume is now running at 2.33x the daily average, with 89% of all puts traded being purchases on the offer. 9,266 contracts have traded on the session so far. BHP Billiton Limited is a...
-
3 Stocks For The Copper Squeeze (FCX, JJC, SCCO)
Wednesday, December 22, 2010 - 3:10pm | 205Everyone by now knows about the trade who has an 80-90% position in the copper stockpile on the London Metals Exchange. While the identity of the trader is not known at this time, it will eventually come out. In the meantime, I would expect companies like Freeport McMoran (NYSE: FCX), Southern...
-
Top Narrow Based Indexes For December 22 (WAG, CXZ, STI)
Wednesday, December 22, 2010 - 12:15pm | 194By 10:55 am, the Dow Jones Industrial Average was up 9.46 points, or 0.08%, to 11,542.62, while the broader Standard & Poor's 500 index had gained 2.20 points, or 0.18%. The NASDAQ composite index fell 0.25 point, or 0.01%. Some of the narrow based indexes supporting the markets are Drug Store...
-
Benzinga's Top ETF Decliners (GAZ, EDZ, FAZ, FXP)
Tuesday, December 21, 2010 - 6:14pm | 200iPath Dow Jones UBS Natural Gas Subindex Total Return ETN (NYSE: GAZ) dropped 4.67% on Tuesday, as natural gas futures dropped more than 4%. GAZ closed at $7.55, and had a volume of 285K traded shares. Direxion Daily Emerging Markets Bear 3x Shares(ETF) (NYSE: EDZ) also struggled today. It fell 4....
-
Benzinga's Top ETF Gainers (CZM, FAS, EDC, DRN)
Tuesday, December 21, 2010 - 6:04pm | 231Direxion Daily China Bull 3x Shares ETF (NYSE: CZM) spiked 4.57% today, as CNOOC Limited (ADR) (NYSE: CEO) gained 3.12%, and Baidu.com, Inc. (ADR) (NASDAQ: BIDU) added 2.49%. CZM closed today at $43.67, and it had a volume of 132K traded shares. Direxion Daily Financial Bull 3X Shares (ETF) (NYSE:...
-
Copper Futures Close At Record High (FCX)
Tuesday, December 21, 2010 - 3:39pm | 67March Copper Futures closed Tuesday's trading session at a record high, up around 1.7% to $4.276 a pound. This was the highest settlement ever for a front month contract, according to the exchange. One way that traders can play the rally in copper is to buy Freeport-McMoran (NYSE: FCX). The stock...
-
How Much Power Does China Have?
Tuesday, December 21, 2010 - 11:39am | 555Last night the Asian markets all surged higher. The Shanghai, Hang Seng, and the Nikkei Indexes all traded higher by more than 1.50 percent. The rally overseas took place as China voiced support for the recent actions in the European Union. Apparently the world markets are listening to every word...
-
Metal And Mining Stocks Trading Higher (RIO, BBL, BHP, FCX)
Tuesday, December 21, 2010 - 9:31am | 78Several mining and metal stocks are trading higher today in early trading. Higher by an average of 1.7%, Rio Tinto (NYSE: RIO) is up 2.1% pre-market, BHP Billiton (NYSE: BBL) is up 1.8% pre-market, BHP Billiton Limited (NYSE: BHP) is up 1.9% pre-market, and Freeport-McMoRan (NYSE: FCX) is up 1.5%...
-
National treasure, World Necessity & Supply Deficit
Tuesday, December 21, 2010 - 8:07am | 3116The world's largest still undeveloped open pit molybdenum deposit & “to be” the world's low cost producer and possibly one of the world's most profitable mines* · China adds Molybdenum to its “Protected”...
-
Total and Suncor in Tactical Deal - Analyst Blog
Monday, December 20, 2010 - 2:03pm | 750Integrated oil and gas company, TOTAL S.A. (TOT) announced that its subsidiary Total E&P Canada Ltd. has formed a strategic alliance with Suncor Energy Inc. (SU) for oil sands assets in Alberta, Canada. This alliance includes the Fort Hills mining project and Voyageur upgrader project...
-
Total and Suncor in Tactical Deal - Analyst Blog
Monday, December 20, 2010 - 1:30pm | 750Integrated oil and gas company, TOTAL S.A. (TOT) announced that its subsidiary Total E&P Canada Ltd. has formed a strategic alliance with Suncor Energy Inc. (SU) for oil sands assets in Alberta, Canada. This alliance includes the Fort Hills mining project and Voyageur upgrader project...
-
Metals, Mining Stocks Moving Higher (PZG, SA, AAU, SLW, FCX, AEM)
Monday, December 20, 2010 - 11:54am | 199Despite broader weakness this morning in the broader equity markets, the metals and mining stocks are moving higher, led by a few select names. Paramount Gold and Silver Corp. (AMEX: PZG) is moving sharply higher on heavy volume. At last check, shares were up 16% to $3.18, a gain of 44 cents....
-
World stock markets daily report (December 20, 2010)
Monday, December 20, 2010 - 11:24am | 162Most US stocks rose Friday, sending the S&P 500 Index to a two-year high, as better-than-projected earnings forecasts at Oracle Corp. and Research In Motion Ltd. While the takeover of a regional bank overshadowed concern Europe's debt crisis will spread. Oracle (NASDAQ: ORCL) jumped 3.9...
-
Cliffs Natural Resources Soars Higher At The Open
Monday, December 20, 2010 - 10:57am | 176This morning Cliffs Natural Resources Inc.(NYSE: CLF) has soared higher by more than 3.00 points to $79.50. This is a new 52 week high for the leading iron ore pellet producer and one of the leading commodity stocks. The stock should have very strong intra-day resistance around the $80.00 level....