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Wide Variety Of ETF's Falling Today (QQQQ, XLF, XME)
Tuesday, October 19, 2010 - 2:16pm | 204A broad variety of ETF's are falling today, as the broader markets are really starting to get hit now, with the Dow Jones down over 200 points. No sector is safe, as everything from financials, commodities and technology are down sharply. PowerShares Exchange-Traded Fund ETF (NASDAQ: QQQQ) is down...
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Freeport McMoran Copper & Gold (FCX) Rallied 50% off the Late August Lows
Tuesday, October 19, 2010 - 11:30am | 572I had only been watching Freeport McMoran Copper & Gold (FCX) with one eye, until I noticed a chart yesterday on financial entertainment TeeVee of its parabolic run. Pulling up my own chart today I see the stock had run in "computerized like" fashion to exactly touch $100 from its lows in the...
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Potash Could Be Forced To Negotiate With BHP Billiton
Tuesday, October 19, 2010 - 11:03am | 261In an original Reuters report, BHP Billiton (NYSE: BHP) announced a hostile bid in August for its attempt to take over Saskatchewan based Potash Corp (NYSE: POT). Potash persistently declined the offer and told investors that other offers would emerge, though this has yet to be the case. While a...
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IBM's 3rd Quarter, In Depth - Analyst Blog
Tuesday, October 19, 2010 - 10:39am | 1433Tech giant International Business Machines Corp. (IBM) reported third quarter 2010 earnings that beat the Zacks Consensus Estimate. The current quarter profitability was fueled by margin expansion due to a shift to the higher-margin software business, increased sales in emerging and growth...
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Commodity Stocks Tank After China Rate Hike
Tuesday, October 19, 2010 - 10:20am | 324This morning most commodity stocks are selling off sharply after China raised interest rates by 25 basis points. While this move by the Chinese could slow down their economy it will certainly effect many commodity stocks. Commodity stocks will usually trade higher when the Chinese government...
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As Times Runs Out, Potash To Sue For Peace
Tuesday, October 19, 2010 - 9:43am | 143Time has run out for Potash (NYSE: POT) to find an alternative to the bid made for it by BHP Billiton (NYSE: BHP). The deadline for the $39 billion offer is November 18. Potash could let that date come and go, but would face shareholder suits if it cannot find a higher offer. BHP Billiton has...
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Fast Money Picks For October 19th (FCX, PCG, IBM, HPQ)
Monday, October 18, 2010 - 7:12pm | 224On CNBC's Fast Money, Tim Seymour said that it is time to take profits in Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX). Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) fell 1.78% in the regular trading session, and it extended its losses in the after hours, dropping additional 0.88%. Guy...
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Benzinga's Political Round Up
Monday, October 18, 2010 - 12:20pm | 136BHP (NYSE: BHP) and Rio Tinto (NYSE: RIO) have agreed to end their merger agreement for iron ore, which would've been a $116 billion joint venture. The reasoning behind it was too much political pressure from regulators, and pressure from steelmakers. Sheila Bair discussed the foreclosure...
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Zacks Earnings Preview: AAPL,CAT,FCX,TIN,PNSN - Press Releases
Monday, October 18, 2010 - 12:15pm | 1290For Immediate Release Chicago, IL – October 18, 2010 – Zacks.com releases the list of companies likely to issue earnings surprises. This week's list includes Apple (AAPL), Caterpillar (CAT), Freeport McMoRan (FCX), Temple Inland (TIN), and Pension World (PNSN).To see more earnings analysis, visit...
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Dahlman Rose Out With An Update On Metals (BHP)
Monday, October 18, 2010 - 11:04am | 193Dahlman Rose & Co. is out with a research report discussing the metals and mining sector. In particular, it covers BHP Billiton (NYSE: BHP), which it has a $100 price target, and a Buy rating on. In a note sent to clients, Dahlman Rose & Co. writes, "Base metal stocks and their underlying...
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Company News for October 18, 2010 - Corporate Summary
Monday, October 18, 2010 - 9:36am | 609• Halliburton (NYSE: HAL) reported third quarter earnings of $0.58 a share, $0.02 higher than expected on a 30% revenue climb to $4.66 billion, above projections of $4.63 billion • Hasbro (NYSE: HAS) posted third quarter interims 5 cents above estimates at $1.09 on a 2.7% revenue increase to $1.31...
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Rio Tinto-BHP Billiton JV Cancelled - Analyst Blog
Monday, October 18, 2010 - 9:15am | 593The much awaited joint venture between BHP Billiton Ltd. (BHP) and Rio Tinto (RTP) to produce iron ore in Australia was mutually dissolved with no break fee. The joint venture, which was proposed in June, last year, came to an end after it was disapproved by some of the Australian regulators....
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Rock of Ages Announces Merger Agreement with Swenson Granite at $5.25 Per Share
Monday, October 18, 2010 - 9:03am | 188Rock of Ages Corporation (NASDAQ: ROAC) today announced that it has entered into a definitive merger agreement with Swenson Granite Company LLC whereby shareholders of Rock of Ages will receive $5.25 per share in cash, and Swenson Granite will acquire 100% ownership of Rock of Ages. The Rock of...
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Some Thoughts On Failed BHP-Rio Iron Ore Deal (BHP, RIO)
Monday, October 18, 2010 - 9:00am | 291Over the weekend we learned that BHP Billiton (NYSE: BHP) and Rio Tinto (NYSE: RIO) scrapped their iron ore joint-venture, which would've been worth an estimated $116 billion due to regulatory issues from around the globe. It would've saved the companies $10 billion per year, due to synergies in...
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Citi Expects Upside Surprise From Freeport-McMoRan (FCX)
Monday, October 18, 2010 - 7:10am | 117Citi Investment Research expects upside surprise in earnings from Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) on sharply higher copper prices. It has a Buy rating on shares, to go along with a $92 price target. In a research sent to clients, Citi writes, "Following the 3Q surge in copper...