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Playing QE II: SPDR S&P Metals And Mining ETF (XME)
Wednesday, October 6, 2010 - 1:49pm | 201For traders and investors looking to play the hard asset trade ahead of what is expected to be another round of quantitative easing from the Federal Reserve, here is a fairly straightforward pick - buy the SPDR S&P Metals and Mining ETF (NYSE: XME). The near-term chart pattern looks solid, and...
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Top Narrow Based Indexes For October 6 (TSYS, TGB, JHX)
Wednesday, October 6, 2010 - 12:26pm | 199By 12:09 pm, the Dow Jones Industrial Average was up 25.05 points, or 0.23%, to 10,969.77, while the broader Standard & Poor's 500 index had gained 0.59 points, or 0.05%. The NASDAQ composite index fell 11.32 points, or 0.47%. Some of the narrow based indexes that are supporting the market are...
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Top Performing Industries For October 6 (TGB, ANO, JHX, IX)
Wednesday, October 6, 2010 - 10:51am | 204At 10:36 am, the Dow gained 0.15 points to 10,944.87, the broader Standard & Poor's 500 index moved down 1.58 points to 1,159.17 and the NASDAQ composite index fell 16.15 points to 2,383.68. The industries that are supporting the market today are: Copper: This industry jumped 2.09% by 10:36 am...
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The Daily Long and Short Setup
Wednesday, October 6, 2010 - 8:27am | 132Futures have scaled back are now trading in a mixed fashion after the ADP Employment report that came in at -39,000. I don't consider this to be a huge blow to the market, but could allow for us to see an open in the red to start the day. The long pick below, TIE, is actually a stock I jumped...
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Three Stocks At Or Near Major Double Tops
Tuesday, October 5, 2010 - 12:35pm | 276As the markets continue to resist any sort of pull back or correction, many stocks have soared to major levels. We are seeing quite a few hit not only 2010 highs but even approach all time highs hit back in 1999. Below are three stocks that are at or nearing master double top resistance points....
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PotashCorp Comments on Conference Board of Canada Report (POT, BHP)
Tuesday, October 5, 2010 - 10:10am | 385While Potash Corporation of Saskatchewan Inc. (NYSE: POT) continues to review the report prepared by The Conference Board of Canada, which details the impact that an acquisition of PotashCorp by BHP Billiton (NYSE: BHP) would have on Canada and the province of Saskatchewan in particular, the...
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Rio Tinto PLC - Value
Tuesday, October 5, 2010 - 3:36am | 613Rio-Tinto PLC (RTP) is cashing in on surging commodities to report record earnings. RTP trades at just 8.6x forward earnings. Rio Tinto is one of the world's mining giants. Headquartered in Britain, it has mines throughout the world with a heavy concentration in Australia and North America. Its...
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Saskatchewan Advisors Favor BHP Takeover Of Potash
Tuesday, October 5, 2010 - 2:18am | 186Advisers to the Canadian province of Saskatchewan told the provinces to not oppose a takeover of Potash Corp. (NYSE: POT), the world's largest fertilizer producer, by BHP Billiton (NYSE: BHP) and said that the purchase of Potash by a Chinese suitor cold be damaging to the province's budget. The...
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U.S. Energy Corp. Announces Successful Three Forks Test Well (USEG)
Monday, October 4, 2010 - 4:58pm | 170U.S. Energy Corp. (Nasdaq: USEG) today announced the initial production rate from its State 36-1 #2H well which was recently completed with Brigham Exploration Company (Nasdaq: BEXP) in the Williston Basin of North Dakota, and provided an update on its oil and gas drilling initiatives in the...
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Dahlman Rose Reiterates Hold Rating on Potash (POT)
Monday, October 4, 2010 - 4:53pm | 200Dahlman Rose is out with a research report this afternoon, where it reiterates its Hold rating on Potash Corp. (NYSE: POT); it did not provide a price target for the stock. The Dahlman analysts said that they believe the net impact of the report presented by the Conference Board of Canada to the...
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Inverse As it Can Get
Monday, October 4, 2010 - 3:39pm | 213This major stock market indexes are trading virtually inverse to the U.S. Dollar Index today. As we all know by now when the dollar is trading higher the stock market indexes will usually deflate and trade lower. That is certainly the case today as most leading commodity stocks are under pressure....
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Potash Battle Heating Up
Monday, October 4, 2010 - 9:28am | 207The battle for Potash Corp. (NYSE: POT) is heating up again, writes the Wall Street Journal. China's state-owned Sinochem Corp. is doing everything it can to keep Potash from becoming a part of BHP Billiton (NYSE: BHP), including stake a large stake in the company. According to a source familiar...
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FCX Removed From Top Picks Live List But Still A Buy
Monday, October 4, 2010 - 7:57am | 107Citigroup has published a research report for Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) upon its removal from Citi's Top Picks Live list. In the report, Citigroup writes "We are removing FCX from Top Picks Live!, following the recent share price and copper price appreciation that we...
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Top 4 Stocks In The Copper Industry With The Highest Gross Margin (SCCO, FCX, TGB, SLT)
Monday, October 4, 2010 - 5:33am | 132Below are the top copper stocks on the NYSE, the NASDAQ and the AMEX in terms of gross margin. The trailing-twelve-month gross margin at Southern Copper Corp (NYSE: SCCO) is 56.24%. SCCO's quarterly earnings gained 79.10% y/y. The trailing-twelve-month gross margin at Freeport-McMoRan Copper &...
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How to Get 6.5% Investing in Gold
Saturday, October 2, 2010 - 12:59am | 709Gold closed at an all time high today at $1318 an ounce, primarily due to concerns about a weaker dollar. Many gold bug fear (or hope) that gold may become the next big bubble, similar to the dot com boom. If that happens, not only will the gold commodity take off but so will the gold and silver...