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August 30, 2010: October Suprise? Cuba Opens (A Little) For Business.
Sunday, August 29, 2010 - 7:30pm | 828The planets are aligned for the entry of companies into Cuba. Yes, one of the worst places on earth to do business may well be open for business soon, and on terms to entice investment. True, this has been stated in previous years, but "this time it's different". Think China and Richard Nixon's...
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Vale in Neutral Lane - Analyst Blog
Thursday, August 26, 2010 - 6:21pm | 533We reiterate our Neutral recommendation on Vale S.A. (VALE). We are optimistic on the new iron-ore pricing system, the prime reason behind the excellent results during the second quarter of fiscal 2010 with EPADR of 70 cents surging ahead of 15 cents posted in the year-ago quarter. Net operating...
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Copper Showing Unusual Strength Today (JJC, FCX)
Thursday, August 26, 2010 - 3:12pm | 231Despite continuing weakness in the broader markets, copper continues to be strong today, last trading up 9 cents to $3.30 per pound on the September contract. This may be nothing more than a relief rally, as the industrial metal had fallen 4 of the past 5 trading sessions. Investors may want to...
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Company News for August 26, 2010 - Corporate Summary
Thursday, August 26, 2010 - 3:09pm | 825• Apple (NASDAQ: AAPL) shares gained 1.2% on reports that the company is expected to introduce iPods with cameras and/or TV capability • Google (NASDAQ: GOOG) announced that it will add phone calling feature to its Gmail email service, offering competition to Skype • Goldman Sachs (NYSE: GS)...
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BHP Prepares to Woo Potash Owners
Thursday, August 26, 2010 - 9:48am | 183BHP Billiton's (NYSE: BHP) chief executive flies to North America this week to crank up the charm offensive with Potash Corp (NYSE: POT) shareholders, as a potential Chinese rival bidder reiterated it was "closely watching" the $39 billion deal. After dousing expectations he would sweeten his...
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BHP Reports Above Expectations - Analyst Blog
Thursday, August 26, 2010 - 8:04am | 655BHP Billiton Ltd. (BHP) has reported results for fiscal 2010 with net income (excluding special items) of $12.5 billion, up 16.3% year over year from $10.7 billion in fiscal 2009. Earnings per ADR excluding special items also grew to $4.47 from $3.83 in the previous year. It surpassed the Zacks...
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Rio Upgraded to Outperform - Analyst Blog
Thursday, August 26, 2010 - 4:04am | 509We upgrade our recommendation on Rio Tinto (RTP) from Neutral to outperform based on the slight improvement in the economy and the new quarterly pricing system. The new system has increased commodity prices by more than 50% on an average leading to an encouraging interim result during the fiscal...
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Wednesday’s Put/Call Ratio Leaders (MSPD, IBKR, SLT, DSW, MAR)
Wednesday, August 25, 2010 - 3:28pm | 111Here are the put/call ratio leaders for Wednesday 25th; note the spreads between average P/C ratio and today’s P/C ratio. Stocks with high put/call ratios in general and high current put/call ratios versus their daily average are often interesting short plays. 1. Mindspeed Technologies (NASDAQ:...
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A Miner You've Probably Never Heard Of Could Yield Explosive Profits (BVN)
Wednesday, August 25, 2010 - 2:37pm | 416The mining sector is dominated by a few major players that most investors/traders are aware of. This article is about one you've probably never heard of, Compania de Minas Buenaventura SA (NYSE: BVN). If you're looking for gold plays, the names that jump out at you are Barrick Gold (NYSE: ABX),...
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BHP Billiton Second-Half Profit Misses Estimates
Wednesday, August 25, 2010 - 4:29am | 122BHP Billiton (NYSE: BHP), the world's largest mining company, said its second-quarter profit doubled to $6.587 billion from $3.26 billion a year ago, but that missed the consensus estimate of $7.2 billion. Higher demand for industrial metals like copper, iron ore and nickel coupled with an uptick...
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Xstrata Bumps Up Iron Ore Output, Buys Sphere Minerals
Tuesday, August 24, 2010 - 10:03am | 237In a move to make itself a major player in iron ore mining, Xstrata has purchased Sphere Minerals for $381 million. Sphere Minerals holds magnetite iron ore deposits in Mauritania. This was first reported in a Reuters report. The acquisition was done to capitalize on the booming demand for iron...
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Before The Bell – The Action So Far
Tuesday, August 24, 2010 - 8:02am | 488Stock futures fell on Tuesday ahead of home sales report due today. In addition, fears of a global slowdown prompted traders to sell equities heavily, and the Japanese Yen soaring to 15 year high against the US Dollar added to the southbound futures. Futures on the DOW shed 70 points to 10,087;...
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Rio Tinto Mulling Potash Bid (RTP, POT, BHP)
Tuesday, August 24, 2010 - 7:22am | 283Global miner Rio Tinto (NYSE: RTP) is reportedly in talks with a Chinese company to acquire Potash Corp of Saskatchewan (NYSE: POT), following a failed hostile takeover bid by BHP Billiton (NYSE: BHP). According to Canada’s “Globe & Mail” website, the company "is said to be considering a bid...
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Rio Tinto, Chinese Partner May Make Bid For Potash
Tuesday, August 24, 2010 - 4:36am | 149Mining giant Rio Tinto (NYSE: RTP) may team with a Chinese partner, possibly Sinochem, to launch a competing bid for Potash Corp. of Saskatchewan (NYSE: POT). The largest North American maker of potash fertilizer rejected a $39 billion hostile offer from BHP Billiton (NYSE: BHP), the world's...
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Fast Money Picks For August 24th (GLD, BAC, BHP, CMP, OXY)
Monday, August 23, 2010 - 6:57pm | 233On CNBC's Fast Money, Brian Kelly said that he is a buyer of SPDR Gold Trust (ETF) (NYSE: GLD), because he expects to see inflation in U.S.. SPDR Gold Trust (ETF) (NYSE: GLD) fell 0.16% today. Tim Seymour recommended investors to follow Bank of America's (NYSE: BAC) CEO, and buy Bank of America (...