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Top Performing Industries For December 9 (BGVF, SIRI, MGN, ABD)
Thursday, December 9, 2010 - 11:36am | 209At 10:30 am, the Dow lost 0.08 point to 11,372.40, the broader Standard & Poor's 500 index moved up 0.24% to 1,231.20 and the NASDAQ composite index rose 0.22% to 2,614.97. The industries that are supporting the market today are: Regional - Mid-Atlantic Banks: This industry jumped 2.66% by 10:...
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Mining for Value with BHP Billiton
Thursday, December 9, 2010 - 11:14am | 127"Commodities are experiencing a long-term bull market that will last for years, despite periodic ups and downs," notes Yiannis Mostrous, editor of The Silk Road Investor. Mostrous -- author of the just-published The Rise of the State: Profitable Investing and Geopolitics in the 21st Century --...
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Freeport-McMoRan Copper & Gold Inc. Declares Supplemental Dividend of $1.00
Thursday, December 9, 2010 - 9:05am | 86Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) announced today that its Board of Directors has declared a supplemental common stock dividend of $1.00 per share to be paid on December 30, 2010 to shareholders of record as of December 20, 2010. The supplemental dividend to be paid in December...
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5 Best Copper Trades - Investment Ideas
Thursday, December 9, 2010 - 1:00am | 1270Copper is known as the "smart metal." Investors affectionately call it "Doctor Copper" out of respect for its ability to forecast global economic conditions. Copper has many industrial uses but is also a big component in residential and commercial construction. The theory goes that as the global...
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Vale's New Plant in Chile - Analyst Blog
Wednesday, December 8, 2010 - 6:33pm | 491Brazilian mining giant Vale S.A. (VALE) introduced a copper plant, Tres Valles, in Chile, which has an annual production capacity of 18.5 kilo tons of copper cathodes. The project, whose construction began in 2005, has cost around $140 million to Vale. The Tres Valles plant has an open-pit mine...
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Pete Najarian Thinks Copper Might Be Overheated
Wednesday, December 8, 2010 - 6:07pm | 69Pete Najarian said he thinks that copper might be overheated at the $4 level. Shares of iPath Dow Jones-UBS Copper Subindex Total Return ETN (NYSE: JJC) jumped higher today, up $1.28 to $54.72, a gain of 2.4%. Najarian said that if you want to remain the trade, buy some puts on a company like...
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Vale's New Plant in Chile - Analyst Blog
Wednesday, December 8, 2010 - 5:55pm | 491Brazilian mining giant Vale S.A. (VALE) introduced a copper plant, Tres Valles, in Chile, which has an annual production capacity of 18.5 kilo tons of copper cathodes. The project, whose construction began in 2005, has cost around $140 million to Vale. The Tres Valles plant has an open-pit mine...
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Basic Materials Under-Performing Today, Led By Ivanhoe Mines
Wednesday, December 8, 2010 - 3:50pm | 141Basic materials are one of the worst-performing sectors today down 1.3%. It's being led down by Ivanhoe Mines (NYSE: IVN), which is down 13%. Gold prices plunged today, dropping almost 2% today. Ivanhoe is one of the world's largest gold miners, and is adversely affected by a drop in gold prices...
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Unconfirmed Rumors circulate that (BHP) is preparing a STOCK deal to acquire CF Industries Holdings, Inc. (CF) for roughly $12.4bb US or about $161 per share US....
Wednesday, December 8, 2010 - 11:12am | 40Unconfirmed Rumors circulate that (BHP) is preparing a STOCK deal to acquire CF Industries Holdings, Inc. (CF) for roughly $12.4bb US or about $161 per share US....
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Ivanhoe Mines and Rio Tinto Approve Agreement to Provide Funding to Oyu Tolgoi Copper-Gold Complex
Wednesday, December 8, 2010 - 10:01am | 191Ivanhoe Mines (NYSE: IVN) and Rio Tinto (NYSE: RIO) have reached a comprehensive agreement covering a series of measures intended to provide funding to complete the accelerated, full-scale construction of the first phase of the Oyu Tolgoi copper-gold complex in southern Mongolia, Ivanhoe Mines'...
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Western Potash (WPX) weighs M&A options
Tuesday, December 7, 2010 - 2:35pm | 250It's just a matter of time before Western Potash Corp. is gobbled up by a potash-hungry major mining company, according to investment industry analysts who follow the global fertilizer industry. But the tiny Vancouver-based potash development company is in no hurry. Company spokesperson John...
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Unconfirmed Rumors Circulate that Titanium Metals Corporation (TIE) has received a $27,50 offer from Posco
Tuesday, December 7, 2010 - 11:10am | 21Unconfirmed Rumors Circulate that Titanium Metals Corporation (TIE) has received a $27,50 offer from Posco.
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Australian Stocks Rise Again
Tuesday, December 7, 2010 - 7:05am | 145The All Ordinaries Index of Australian stocks spent most of the Tuesday trading session climbing higher. Mining companies like BHP Billiton (NYSE: BBL) were among the stocks that pushed the index up. The All Ordinaries Index opened at 4,782.30, just above Monday's close at 4,779.40. The All...
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Stocks Both Cheap and Improving - Analyst Blog
Monday, December 6, 2010 - 4:36pm | 796It is possible to develop a well diversified portfolio of firms that have the twin virtues of being cheap, and which the analysts have recently been raising their earnings estimates. A large number of analysts raising their estimates is one of the best signs around that things are getting better at...
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Stocks Both Cheap and Improving - Analyst Blog
Monday, December 6, 2010 - 4:22pm | 796It is possible to develop a well diversified portfolio of firms that have the twin virtues of being cheap, and which the analysts have recently been raising their earnings estimates. A large number of analysts raising their estimates is one of the best signs around that things are getting better at...