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Rumor Central: Freeport-McMoRan Copper & Gold Rumors Going Around
Thursday, August 12, 2010 - 11:30am | 37Freeport-McMoRan Copper & Gold (NYSE: FCX) chatter going around BHP Billiton (NYSE: BHP) looking to make deal, talk is in the $90 format.
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Bookkeeping: Some Sales at the Open
Thursday, August 12, 2010 - 9:31am | 955These positions will execute first thing in the morning, I am looking to sell off some inventory on the long side, looking at stocks whose charts are at risk and with a gap down open on the index will do some damage. The only question is when the cursory oversold bounce happens will these charts...
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Stock Market News for August 11, 2010 - Market News
Wednesday, August 11, 2010 - 10:05am | 736Undoubtedly the unsteady economic recovery is worrying investors and policymakers alike. Yesterday, at the end of a one-day policy meeting, the Federal Reserve officials appeared concerned about the state of the recovery and said they would take steps to reinvigorate the economy. As expected, the...
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Materials Stocks Pounded On Weak Chinese Import Data (AA, CLF, FCX, X)
Tuesday, August 10, 2010 - 1:31pm | 135Materials stocks are broadly lower today after a report showed China's imports grew weaker than expected. Annual import growth slowed to 22.7 percent from 34.1 percent in June, the General Administration of Customs said on Tuesday. Weaker import growth is a sign that Chinese investment is slowing....
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Mid-Day Market Movers (RMX, CCBP, AAU, BYFC)
Tuesday, August 10, 2010 - 10:52am | 118Ready Mix Inc (AMEX: RMX) jumped 74.28% to $3.59 by 10:28 am. RMX has announced special cash dividend. Comm Bancorp, Inc (NASDAQ: CCBP) shares surged 50.19% to $38.75. CCBP is being bought by FNB Corp in a $70 million deal . Almaden Minerals Corporation (AMEX: AAU) shares advanced 27.83% to $1.47...
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Bookkeeping: Weekly Changes to Fund Positions Year 4, Week 1
Monday, August 9, 2010 - 8:29am | 2565Year 4, Week 1 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 62.5% (v 79.6% last week) 24 long bias: 32.4% (v 17.8% last week) 3 short bias: 5.1% (v 2.6% last week) 27 positions (vs 17 last week)...
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Can The S&P Reclaim Its 200-DAY MA? (SPX, FCX, X)
Friday, August 6, 2010 - 3:07pm | 132After trading below its 200-day MA for most of the day, the S&P 500 (SPX) has rallied and now trades at 1,117, two points above its 200-day MA of 1,115. Will the S&P be able to hold this key level? Many traders believe you should "buy the dip" as long as the market holds its 200-day MA and...
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Market Paring Losses (DJIA, SPX, X, AA, FCX)
Friday, August 6, 2010 - 10:07am | 172The major indices are paring losses after a disappointing jobs report sent the market down nearly 1% at the open. The Dow (DJIA) is now down a modest 29 points after plunging nearly 100 in the first few minutes of trading. The S&P 500 (SPX) is down 3.66 points, or 0.33%, to 1,122. The S&P...
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Fast Money Picks For August 6th (JPM, RTP, KO, BBY, BMY)
Thursday, August 5, 2010 - 6:56pm | 174On CNBC's Fast Money, Karen Finerman said that she wants to buy Best Buy Co., Inc. (NYSE: BBY) tomorrow. Best Buy Co., Inc. (BBY) fell 0.09% today, and closed at $35.13. Brian Kelly likes JPMorgan Chase & Co. (NYSE: JPM), and Tim Seymour is a buyer of Rio Tinto plc (ADR) (NYSE: RTP). JPMorgan (...
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Titanium's Profit More than Doubles - Analyst Blog
Wednesday, August 4, 2010 - 5:52pm | 614Net earnings of Titanium Metals Corporation (TIE) more than doubled to $19 million or 11 cents per share in the second quarter of 2010 from last year’s $8.6 million or 5 cents. The robust growth in earnings came from lower raw materials costs, principally titanium sponge and scrap. Results...
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Benzinga's Top ETF Gainers (SMN, FAZ, SSG, UCO)
Tuesday, August 3, 2010 - 4:16pm | 238ProShares UltraShort Basic Materials (ETF) (NYSE: SMN) gained 3.09% on Tuesday, as Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) and The Dow Chemical Company (NYSE: DOW) struggled. Freeport-McMoRan (FCX) fell 1.04% today, while Dow Chemical (DOW) slipped 9.99%. Direxion Daily Finan. Bear 3X...
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BHP Is A Buy Before Earnings And Here's Why (BHP, BBL)
Tuesday, August 3, 2010 - 2:59pm | 352Diversified mining major BHP Billiton (NYSE: BHP) (NYSE: BBL) is a buy before the company reports earnings on August 25th and there are plenty of reasons for it. First, manufacturing data is coming back, both in the United States and abroad. While China reported manufacturing numbers that were...
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Bearish MACD for Compass Minerals - Tale of the Tape
Tuesday, August 3, 2010 - 2:46pm | 105Compass Minerals International Inc.’s (CMP) MACD indicator has entered into bearish territory with a reading of -1.0137. The Zacks #5 Rank (“Strong Sell”) stock declined slightly to $71.72 in afternoon trade. The Zacks Consensus Estimate on the company’s earnings for 2010 reduced 18 cents over the...
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Mad Money Lightning Round OT: Cramer Thinks That Tesla (TSLA) Should Be Sold (TSLA, BW, UNG)
Monday, August 2, 2010 - 7:57pm | 135On CNBC's Mad Money Lightning Round OT, Jim Cramer said that Tesla Motors Inc (NASDAQ: TSLA) should be sold. He added that he doesn't want to see his fans in this stock. Tesla Motors Inc (TSLA) gained 4.91% today, and closed at $20.92. Cramer is bullish on Brush Engineered Material (NYSE: BW). He...
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Dahlman Rose: Companies Expect Seasonal Slowness, Don’t Anticipate Economic Recovery To Stall
Monday, August 2, 2010 - 2:32pm | 279Dahlman Rose says, “ArcelorMittal (NYSE: MT), AK Steel (NYSE: AKS), Century Aluminum (NASDAQ: CENX), General Moly (NYSE: GMO), Norsk Hydro (NYSE: NHY), and Vale (NYSE: VALE) reported 2Q10 results last week. Results were mixed, with 2Q10 earnings for MT, NHY, and AKS ahead of our estimates, and...