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Dahlman Rose Reiterates $100 Target On BHP (BHP)
Tuesday, November 16, 2010 - 9:55am | 139Dahlman Rose & Co. is out with a research note and is reiterating its Buy rating and $100 target on shares of BHP Billiton Limited (NYSE: BHP). In a note sent to clients, Dahlman writes, "We believe that BHP's decision to walk away from the offer should not be viewed as another deal failure for...
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Mad Money Lightning Round: Cramer Likes Citigroup, Prefers Baldor Electric To Power Integrations (C, VZ, WOOF, WYNN, LVS, MGM, FCX, TGB, AKAM, BEZ, POWI, EP)
Tuesday, November 16, 2010 - 6:52am | 265On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he likes the credit trends of Citigroup (NYSE: C). He advises the investors to buy Citigroup. For Verizon (NYSE: VZ), he said, "I've been behind that one for a long time and I'm not backing away. I like it." Jim doesn't like VCA...
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AMEC awarded contract on major copper-gold project in Mongolia
Tuesday, November 16, 2010 - 6:02am | 391Engineering and project management company Amec Plc (LON:AMEC) has been commissioned by Oyu Tolgoi LLC to carry out the feasibility study for Lift 1 of the underground Hugo North block cave operation of its copper and gold mining project in Mongolia. Oyu Tolgoi is the world's largest undeveloped...
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Mad Money Lightning Round OT: Cramer Is a Buyer Of RVBD (TC, RVBD, APOL)
Monday, November 15, 2010 - 8:56pm | 144On CNBC's Mad Money Lightning Round OT, Jim Cramer said that you should sell Thompson Creek Metals Company, Inc. (NYSE: TC). Thompson Creek Metals Company, Inc. (TC) fell 0.48% today. Riverbed Technology, Inc. (NASDAQ: RVBD) is one of the winners, thinks Cramer. He explained that we need it for...
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Fast Money Picks For November 16th (ACI, RTP, NTAP. XLF, TEX)
Monday, November 15, 2010 - 8:21pm | 256Carter Worth said on CNBC's Fast Money that he expects Arch Coal, Inc. (NYSE: ACI) to move 50% higher in the next year. Arch Coal, Inc. (ACI) fell 1.07% today, and closed at $28.79. Tim Seymour thinks that you should keep a short position in Rio Tinto plc (ADR) (NYSE: RIO). Rio Tinto plc (ADR) (RIO...
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Benzinga's Worst Performing Industries (MVG, EXK, TGB, FCX, FLL, BYD, ASCA, SPCHB, BGFV)
Monday, November 15, 2010 - 7:36pm | 186Silver industry was the worst performing industry today, with a 4.94% decline. Mag Silver Corp (ADR) (AMEX: MVG) fell 6.20%, and Endeavour Silver Corp. (CAN) (AMEX: EXK) lost 5.07%. Copper industry also had a bad trading session. It dropped 4.39%, and in the space, Taseko Mines Limited (USA) (AMEX...
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Market Roundup
Monday, November 15, 2010 - 1:44pm | 326US Technology stocks moved up, with Isilon Systems Inc (NASDAQ: ISLN) as the top performer in the list. EMC Corp (NYSE: EMC) has agreed to purchase ISLN for $2.25 billion or $33.85 per share in cash. Some of other gainers in the list were Hewlett-Packard Co (NYSE: HPQ), Dell Inc (NASDAQ: DELL),...
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BHP Withdraws Potash Buy-Out Offer - Analyst Blog
Monday, November 15, 2010 - 12:03pm | 508Mining giant BHP Billiton Ltd. (BHP) decided to withdraw its buy-out offer for Canada's Potash Corp. of Saskatchewan Inc. (POT), the world's biggest fertilizer manufacturer, after non-clearance by the Investment Canada Act. Capital which was raised to fund the bid will now be used for buyback...
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Dahlman Rose Reiterats Buy Rating on Taseko Mines
Monday, November 15, 2010 - 10:44am | 111Dahlman Rose has reiterated its Buy rating on Taseko Mines (AMEX: TGB) following 3Q10 results. Taseko's EPS of $0.01 were well below the consensus estimate of roughly $0.10. A shipment of 16MM pounds of copper being pushed back due to congestion at the port is attributed as the reason for the...
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Company News for November 15, 2010 - Corporate Summary
Monday, November 15, 2010 - 10:33am | 805• Caterpillar (NYSE: CAT) announced plans to buy Bucyrus (NASDAQ: BUCY) for $8.6 billion, or $92 per share • EMC (NYSE: EMC) said it plans to buy Isilon (NASDAQ: ISLN) for $33.85 per share, or $2.25 billion • ArcelorMittal (NYSE: MT) said it is interested in buying Massey Energy (NYSE: MEE) • BHP...
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General Moly Updates Mt. Hope Project Progress
Monday, November 15, 2010 - 9:32am | 114General Moly (Amex: GMO) provided an update to the Mt. Hope Project's permitting progress. As previously announced, the Preliminary Draft Environmental Impact Statement was completed and provided to cooperating agencies, which include the County of Eureka, Nevada, the National Park Service and the...
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Fast Money Picks For November 15th (FCX, RIO, IWM, F)
Friday, November 12, 2010 - 11:43pm | 196On CNBC's Fast Money, Tim Seymour recommended investors to stay short the miners. He thinks that Rio Tinto plc (ADR) (NYSE: RIO) will continue its downturn. Rio Tinto (RIO) lost 2.78% on Friday. Guy Adami is also bearish on the miners. He wants to take a short position in Freeport-McMoRan Copper...
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Benzinga's Worst Performing Industries (SVM, SLW, HL, LIWA, SCCO, FCX, BYD, LVS, MPEL, DKS, HIBB)
Friday, November 12, 2010 - 11:03pm | 247Silver industry fell 4.94% today, and in the space, Silvercorp Metals Inc. (USA) (NYSE: SVM) dropped 6.64%, and Silver Wheaton Corp. (USA) (NYSE: SLW) lost 4.52%. Hecla Mining Company (NYSE: HL) dropped 5.72%, and closed at $8.41. Copper industry also struggled today. It dropped 4.39%, and Lihua...
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China Shen Zhou Mining Skyrocketing Up 27% (SHZ)
Friday, November 12, 2010 - 12:49pm | 73China Shen Zhou Mining & Resources, Inc. (NYSE: SHZ) is skyrocketing, up another 27% today on concerns that China will continue to block exports of rare Earth metals. The company also reported earnings this morning, saying it earned 2 cents per share on revenues of $3.6 million. Last year it...
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Morning Market Movers (GU, ABL, SHZ, DHRM)
Friday, November 12, 2010 - 11:10am | 118Gushan Environmental Energy Limited (NYSE: GU) jumped 344.76% to $4.67 at 10:06 am. GU had $74.38 million in total cash and no debt for the latest quarter. American Biltrite Inc (AMEX: ABL) climbed 65.24% to $5.80. ABL reported strong year-over-year rise in its Q3 results. China Shen Zhou Mining...