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Benzinga's Top Downgrades
Thursday, July 14, 2011 - 8:24am | 128Analysts at Goldman Sachs downgraded RTI International Metals Inc (NYSE: RTI) from “neutral” to “sell.” RTI's stock closed at $27.45 yesterday. RTI's PEG ratio is 21.84. Analysts at JP Morgan downgraded Stillwater Mining Company (NYSE: SWC) from “overweight” to “neutral.” SWC 's shares closed at $...
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Ivanhoe Mines Appoints Rio Tinto's Larsen to Board of Directors
Thursday, July 14, 2011 - 8:07am | 41David Huberman, Chairman of Ivanhoe Mines, (NYSE: IVN) announced today that Dan Larsen, Rio Tinto's Controller and Global Head of Planning and Reporting, has been appointed to the Ivanhoe Mines Board of Directors.
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Goldman Sachs Downgrades RTI International To Sell, Lowers PT To $31
Thursday, July 14, 2011 - 7:02am | 29Goldman Sachs has downgraded RTI International Metals (NYSE: RTI) from Neutral to Sell and has lowered the price target from $40 to $31.
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Soft Landing In China Could Spark Commodities
Wednesday, July 13, 2011 - 2:54pm | 438China is back to kicking the rest of the world's butt, posting year-over-year GDP growth of 9.5% last quarter. The boost was down a hair from first quarter's 9.7% but up from the expected rise of 9.3%. I shudder to think what Obama would do for one quarter of 9.7% growth... Overall, the picture in...
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Wednesday's Mid-Day Options Volume Leaders
Wednesday, July 13, 2011 - 12:26pm | 84Here are today's mid-day options volume leaders… 1. Bank of America (NYSE: BAC) 257,932 contracts, 65.5% calls, 34.5% puts 2. Apple Inc. (NASDAQ: AAPL) 144,850 contracts, 64.5% calls, 35.5% puts 3. JP Morgan Chase (NYSE: JPM) 73,184 contracts, 83.5% calls, 16.5% puts 4. Netflix Inc. (NASDAQ: NFLX...
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TIMET and Boeing Extend Long-Term Supply Agreement
Wednesday, July 13, 2011 - 11:47am | 101Titanium Metals Corporation (NYSE: TIE) announced today that it has amended the terms of its long-term titanium supply agreement with The Boeing Company (NYSE: BA) and extended the agreement through December 31, 2018. The supply agreement, together with joint technology development agreements,...
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How To Play Bernanke's QE3
Wednesday, July 13, 2011 - 11:28am | 869Federal Reserve Chairman Ben Bernanke is speaking in front of Congress, and the prepared remarks basically said that QE3 is going to happen if the economy continues to worsen. Make no mistake readers, it does not look like the economy is going to get better anytime soon, and that a third round of...
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QE-3 Rumor Is Typical Before Options Expiration
Tuesday, July 12, 2011 - 3:38pm | 269This afternoon, the Federal Reserve released their minutes from the June meeting. Apparently, some voting members from the Federal Reserve suggested that the stock markets needed more stimulus. Well, this Fed rumor lead to a drop in the U.S. Dollar and spike in the major stock market indexes....
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Just Follow The Reserve Currency Of The World
Tuesday, July 12, 2011 - 10:36am | 223This morning, the major stock indexes are struggling to trade into positive territory. The major stock indexes sold off sharply lower yesterday and remain very weak at the open. Traders must keep a close eye on the U.S. Dollar Index. As the U.S. Dollar Index(DXY) declined from its overnight high...
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Rodman & Renshaw Reiterates Market Outperform and PT of $7 on U.S. Energy Corporation
Tuesday, July 12, 2011 - 3:15am | 51Rodman & Renshaw reiterated its Market Outperform rating on U.S. Energy Corporation (NASDAQ: USEG). At the same time, the rating agency left its price target on the company's stock unchanged at $7. On Monday, USEG lost 7.66% of its value to finish the day at $4.22.
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Fast Money Picks For July 12th (TCK, YUM)
Monday, July 11, 2011 - 7:55pm | 157On CNBC's Fast Money, Brian Kelly said that he wants to buy Teck Resources Limited (NYSE: TCK) on Tuesday. Teck Resources Limited (TCK) fell 1.64%, and closed at $51.42. Pete Najarian also likes Teck Resources Limited (TCK). He owns the stock, and he is selling upside calls. Mr. Najarian thinks...
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Is Alcoa a Great Buy Opportunity Today?
Monday, July 11, 2011 - 2:44pm | 613While my crystal ball has been packed away for weeks now, I just might bust it out and shine it off this afternoon, ahead of Alcoa (NYSE: AA) kicking off the summer earning season at the close today. Whether the reported numbers beat or miss analysts' estimates, they will also be compared against...
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Earnings Preview Alcoa & How To Trade It
Monday, July 11, 2011 - 2:21pm | 229Alcoa (NYSE: AA) is set to report earnings tonight after the bell, and the whole world will be watching Alcoa, as the aluminum-maker is seen as a proxy for the global economy. Alcoa, which produces aluminum, is seen as a strong indicator for the global economy, as aluminum is used in many...
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Horsehead Expects Noncash Charges Related to Hedging Transactions; Adjustment of $0.23/Share
Monday, July 11, 2011 - 9:33am | 115Horsehead Holding Corp. (Nasdaq: ZINC) indicated that it expects to record non-cash mark-to-market charges for the quarter ended June 30, 2011 related to the recently announced hedging transactions for 2012 and 2013. The mark-to-market adjustment is estimated to be $10 million, after taxes, or $0...
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US Energy Corp Abandons Thompson Well
Monday, July 11, 2011 - 9:31am | 94U.S. Energy Corp. (Nasdaq: USEG) today announced the results of its southeastern Colorado drilling program. The Thompson 9-1-4 well spud on June 18, 2011 and reached its target depth of ~6,000 ft. the first week in July. The objective target was the Mississippian formation, which was encountered...