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Mineral-Rich Mongolia Prepares for Flood of Money
Thursday, July 21, 2011 - 9:26pm | 122A freeze on licenses to explore for minerals is no small matter in Mongolia, a country undergoing a resources boom, as miners such as London-based Rio Tinto Group (NYSE: RIO) and China's Shenhua Group compete for the right to extract coal, copper, gold, molybdenum and uranium. It's a resource...
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Just Follow The Money
Thursday, July 21, 2011 - 9:59am | 256This morning before the opening bell, the U.S. Dollar Index futures (DX U1) plummeted lower after trading as high as $75.37 per contract. The U.S Dollar Index futures are trading at $74.61 per contract as the opening bell rings at 9:30 am EST. The catalyst for the decline in the U.S. Dollar Index...
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Fast Money Picks For July 21st (QCOM, MCD, RHI, LVS, TCK)
Wednesday, July 20, 2011 - 7:08pm | 212On CNBC's Fast Money, Stephen Weiss said that he has a long position in QUALCOMM, Inc. (NASDAQ: QCOM). He is bullish on this stock. QUALCOMM, Inc. (QCOM) gained 0.56% in the regular trading session, and it dropped 2.62% in the after hours. Joe Terranova thinks that you should buy McDonald's...
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5 Trade Setups While Waiting For The Market To Do Something
Wednesday, July 20, 2011 - 12:46pm | 225Quiet day in the market so far, and its not tanking (...yet) and is managing to hold on to yesterday's gains (biggest day of the year for the Dow). I've made a number of trades, today, and overall I'm doing fine on the heals of the breakout we got in Hansen Medical (HNSN) today. By the way, for all...
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Dahlman Rose Reiterates BHP Billiton Buy, $119 PT
Wednesday, July 20, 2011 - 11:55am | 100Dahlman Rose reiterated its BHP Billiton (NYSE: BHP) Buy rating and $119 price target in a research report published today. In the report, Dahlman Rose states, "Overall production for the quarter was mostly in line with our estimates. We are expecting earnings per ADR of $3.71 for the six months...
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Southern Copper Earnings Preview: Analyts Expect Higher Earnings, Revenue from Prior Quarter
Wednesday, July 20, 2011 - 11:35am | 361Southern Copper (BB: SCCO) announces its next round of earnings this Monday, July 25, 2011. Here's Benzinga's advanced look at Southern Copper's second quarter earnings report. Stock Performance: Shares of Southern Copper were trading at $36.49 as of July 19, 2011. Since January 1st, shares...
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Fast Money Picks For July 20th (AAPL, BTU, QEP, FCX)
Tuesday, July 19, 2011 - 7:44pm | 176CNBC Fast Money's Stephen Weiss said on the show that he is bullish on Peabody Energy Corporation (NYSE: BTU). Peabody Energy Corporation (BTU) gained 1.29% on Tuesday, and closed at $60.67. Dan Nathan thinks that you should not buy Apple (NASDAQ: AAPL) at these prices, and suggested that...
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Earnings Preview: Freeport-McMoran Copper & Gold EPS, Revenue Expected to Rise from Previous Quarter
Monday, July 18, 2011 - 2:55pm | 510Freeport-McMoran Copper & Gold (NYSE: FCX) earnings are coming up! Don't miss out: The company unveils its next round of earnings this Thursday, July 21, 2011. Need to cram before Thursday's earnings release? We've got just the thing. Here's an advanced look at Freeport-McMoran Copper &...
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Four ETFs For More Shale Takeovers
Monday, July 18, 2011 - 1:55pm | 535BHP Billiton's (NYSE: BHP) announcement last week that it will acquire Petrohawk Energy (NYSE: HK) for $12.1 billion is just the latest sign that the world's mining and oil giants see value in North American shale plays. To this point, global oil majors have been more apt to acquire shale acreage...
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General Moly Announces Water Rights Approval for Mt. Hope Project
Friday, July 15, 2011 - 1:35pm | 112General Moly, Inc. (NYSE: GMO) announced that the Company, through a subsidiary, received approval of its water applications for the Mt. Hope mine. On July 15th, 2011, the Nevada State Engineer issued ruling 6127 granting the Company's water right applications for the use of 11,300 acre-feet...
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General Moly Halted; News Pending
Friday, July 15, 2011 - 1:34pm | 19Shares of General Moly (AMEX: GMO) have been halted, pending news.
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Did BHP Just Tell You To Buy Shale Plays?
Friday, July 15, 2011 - 12:50pm | 751Last night, BHP Billiton Limited (NYSE: BHP) announced it would be buying Petrohawk Energy Corporation (NYSE: HK) for $38.75 per share in cash. This is a tremendous move for BHP to get into shale gas assets, and potentially a huge revaluation of the natural gas sector, especially with such a huge...
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Range Resources Soaring On Petrohawk Deal
Friday, July 15, 2011 - 12:40pm | 121Shares of Range Resources (NYSE: RRC) are among the leaders in the S&P 500. The stock is currently trading up $60.78 to $60.73. Volume has been very heavy with more than 4.43 million RRC shares trading hands compared to a 3-month daily average of 1.9 million. The catalyst for this move was BHP...
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PolyMet Closes Second $10 Million Tranche of Glencore Financing
Friday, July 15, 2011 - 10:15am | 51PolyMet Mining Corp. (NYSE: PLM) has closed the second tranche of its previously announced private placement with Glencore AG, a wholly-owned subsidiary of Glencore International plc, issuing 5 million common shares of the Company at US$2.00 per Share for gross proceeds of US$10 million.
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J.P. Morgan Not Surprised With The Recent Acquisition of HK
Friday, July 15, 2011 - 8:54am | 146J.P. Morgan maintains its Overweight rating on Petrohawk Energy (NYSE: HK) following the company's recent acquisition by BHP Billiton (NYSE: BHP). Says J.P. Morgan, in its report, “Petrohawk announced that BHP Billiton (BHP AU, covered by Fraser Jamieson), will buy the company, in an all-cash...