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BHP Upgraded on Improving Economy - Analyst Blog
Monday, October 25, 2010 - 12:33pm | 380We upgrade our recommendation on BHP Billiton Ltd. (BHP) from Neutral to Outperform based on our optimism of the increased production in the first quarter of fiscal 2011 driven by the gradual market recovery since the start of calendar 2010. BHP Billiton reported higher production for the first...
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As The Dividend Tax Rate Approaches Expiration, AEP's CEO Lobbies To Keep It Intact
Monday, October 25, 2010 - 12:05pm | 195Assuming that the current tax rate is allowed to expire, investors will soon pay nearly 40% on qualified dividends – up from the 15% rate they pay today. Barron's reports that Michael G. Morris, CEO of American Electric Power Company (NYSE: AEP), is lobbying hard to keep the rate intact. He said...
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Top Performing Industries For October 25 (MGN, YZC, FCX, SMS)
Monday, October 25, 2010 - 10:36am | 187At 10:05 am, the Dow gained 0.89% to 11,232.16, the broader Standard & Poor's 500 index moved up 0.90% to 1,193.71 and the NASDAQ composite index rose 1.00% to 2,504.29. The industries that are driving the market today are: Silver: This industry jumped 3.32% by 10:05 am. The top stock within...
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Mad Money Lightning Round OT: Cramer Thinks That BHP Will Raise Its Offer For POT (AMP, BHP. POT, FE)
Sunday, October 24, 2010 - 4:30pm | 239Jim Cramer said on CNBC's Mad Money Lightning Round OT that Ameriprise Financial, Inc. (NYSE: AMP) has run up a lot lately, because the annuity business is red hot. He recommended investors with a long position in Ameriprise Financial, Inc. (AMP) to hold their position, because he sees more room on...
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Wedbush Maintains Neutral On AMCOL International (ACO)
Friday, October 22, 2010 - 4:00pm | 99Wedbush is out with a research report on AMCOL International (NYSE: ACO), and is reiterating its Neutral rating and $29 price target. In a note to clients, Wedbush writes, "Maintaining NEUTRAL as disappointing Q3 operational performance offsets cautiously optimistic outlook. Despite the robust...
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Industrial Metals Super-cycle: Has It Returned?
Friday, October 22, 2010 - 3:17pm | 125The world watched with baited breath last week as all 33 Chilean miners emerged into the sunlight. Trapped for 69 days underground in a copper mine, their story inspired people everywhere. It should inspire investors too, as it tells a tale of metals becoming ever more scarce … Not far from where...
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Freeport-McMoran Falling Despite Flat Dollar (FCX)
Friday, October 22, 2010 - 2:12pm | 198Freeport-McMoran (NYSE: FCX) has had a heck of a run - I should know, since I sold the stock at around $60 in the summertime. That ended up being the low. Instead of seeing a deterioration in the economy, and thereby weakness in commodity prices, we have witnessed better than expected economic...
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Short FCX Says Steve Cortez
Friday, October 22, 2010 - 1:02pm | 82Steve Cortez was just on the CNBC 'Fast Money Halftime Report' and he said to short commodities, and in particular Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX). He said the dollar looks like it wants to strengthen, and commodities, and in particular, FCX, will weaken significantly if that...
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BHP Could Sell $33B In Assets If It Gets Potash
Thursday, October 21, 2010 - 8:25pm | 164BHP Billiton (NYSE: BHP) could sell $31 billion to $33 billion worth of assets if it is successful in acquiring Potash Corp. of Saskatchewan (NYSE: POT) as part of a post-deal restructuring effort, according to a Deutsche Bank (NYSE: DB) note. BHP, the world's largest mining company, could sell off...
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Dramatic Market Reversal Underway (DJIA, SPX, CAT, FCX,)
Thursday, October 21, 2010 - 2:21pm | 162The major averages have accelerated to their worst levels of the day, with the Dow Jones Industrial Average (DJIA) down roughly 25 points and the S&P 500 (SPX) down 5 points. Earlier, the Dow was up over 100 points and traded over 11,200. The Dow is now at 11,085. Strong earnings from...
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Freeport Beats Consensus Handily - Analyst Blog
Thursday, October 21, 2010 - 2:03pm | 471Metals and mining powerhouse Freeport-McMoRan Copper & Gold Inc. (FCX) posted net income of $1.2 billion or $2.49 per share in the third quarter of 2010, outshining the Zacks Consensus Estimate of $2.14 per share. Year over year, earnings improved by 20%. Quarterly revenues of $5.1 million...
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Dahlman Rose Goes Over BHP's Production (BHP)
Thursday, October 21, 2010 - 1:38pm | 136Dahlman Rose & Co. is out with a research note on BHP Billiton (NYSE: BHP), after the Australian miner released its production report for Q1 2011. It has a Buy rating, and a $100 price target on shares. In a note to clients, Dahlman writes, "In BHP Billiton's 1Q11 production report, the...
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Freeport-McMoRan Surrenders Gains (FCX)
Thursday, October 21, 2010 - 1:35pm | 102Shares of Freeport-McMoRan (NYSE: FCX) have surrendered their early gains and are hovering around the unchanged mark on the day. Shares of the copper and gold miner are up 10 cents, or 0.10%, to $95.45. Earlier, shares traded as high as $99.65. This morning the company announced third-quarter...
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10-21-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Thursday, October 21, 2010 - 11:48am | 4643Stephen Bernard, AP Business Writer Stocks climb after more upbeat earnings Stocks extend rally after strong earnings from Caterpillar, McDonald's, Travelers NEW YORK (AP) — Another batch of strong earnings has pushed the Dow Jones industrial average close to its highest level of the year. The...
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Metals Mixed, Stocks Higher (SLV, JJC, GLD, PALL, PLTM)
Thursday, October 21, 2010 - 11:28am | 257The metals market is mixed today, despite strong results in the early going from the stock market. Freeport McMoran (NYSE: FCX) reported very healthy earnings this morning. Copper is up nearly 3 cents to $3.83, a gain of 0.8%. There was some weakness in copper after China raised rates, but it...