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Materials Stocks On Fire (CLF, FCX, AA, X)
Monday, August 2, 2010 - 11:43am | 174Materials stocks are surging today as traders place their bets that the global economic recovery will continue after stronger-than-expected manufacturing reports out of China and the U.S. Materials are closely tied to economic growth and are highly cyclical. If growth is strong such names will...
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Puts Sold on Horsehead Holding Co. (ZINC)
Monday, August 2, 2010 - 11:34am | 124Shares of Horsehead Holding Co. (NASDAQ: ZINC) are higher on the session by 2.87%, currently trading at $7.88. The stock has been moving largely lower over the past three months, off from highs near $12.75. Options traders are selling puts on the name today, betting that the stock is near a bottom...
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Dahlman Rose Bullish On General Moly (GMO)
Monday, August 2, 2010 - 8:39am | 197Dahlman Rose & Co. is bullish on shares of General Moly (NYSE: GMO) as the molybdenum miner reported earnings last week. Shares of General Moly are rated a Hold. In the report, Dahlman Rose notes, "General Moly continues to make progress with the development of its Mt. Hope project. Management...
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Brian Stutland's Freeport-McMoRan (FCX) Trade
Thursday, July 29, 2010 - 7:00pm | 105Brian Stutland said on CNBC's Fast Money that he is watching Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX). He said that Freeport-McMoRan (FCX) has a price target at around $80 this year, and he wants to give himself an exit point to the stock. He thinks that it would be wise to sell the...
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China's Need For Raw Materials Rears Its Head Again (ACH, RTP)
Thursday, July 29, 2010 - 10:35am | 204In a move to increase the supply for China's ever growing insatiable need for raw materials, Chinese aluminum maker Chinalco (NYSE: ACH) has entered into a joint venture with Australian miner Rio Tinto (NYSE: RTP) to operate an iron ore project in Guinea, in West Africa writes the AP. Terms of the...
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Benzinga’s Top Downgrades (AMD, NVDA, VPRT, CMP)
Thursday, July 29, 2010 - 9:16am | 157Advanced Micro Devices Inc (NYSE: AMD) was downgraded by FBR Capital from "outperform" to "market perform." AMD’s shares closed at $7.98 yesterday. Advanced Micro Devices’ 52-week trading range is $3.47 - $10.24. FBR Capital downgraded NVIDIA Corporation (NASDAQ: NVDA) from "outperform" to "market...
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Dahlman Rose & Co. Is Concerned About AK Steel's (AKS) Future Results
Wednesday, July 28, 2010 - 5:21pm | 226Dahlman Rose & Co. analysts are worried that rising iron ore and met coal prices could hurt AK Steel Holding Corporation's (NYSE: AKS) future results. AK Steel (AKS) reported earnings on Tuesday, and its EPS was better than Dahlman Rose & Co. expected. The reason for that were increased...
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Compass Minerals Reports Revenue Increase
Tuesday, July 27, 2010 - 4:30pm | 160Compass Minerals (NYSE: CMP) reports the following results of its second-quarter 2010 operations: Sales were up 12 percent over the prior-year quarter, reflecting stronger specialty fertilizer and U.K. highway deicing sales volumes and improved salt pricing, partially offset by lower specialty...
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Gold Continues To Turn To Dust For Retail Longs
Tuesday, July 27, 2010 - 12:11pm | 395The collapse of gold continues as the SPDR Gold Trust (NYSE: GLD) is trading at $113.64, down -1.88 (-1.63%). Stocks like Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), Randgold Resources Ltd. (ADR) (NASDAQ: GOLD) and Agnico-Eagle Mines Limited (USA) (NYSE: AEM) are all getting hammered....
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Oh, Now You Want to Buy Stocks
Tuesday, July 27, 2010 - 10:09am | 403Since the early July stock market low the sentiment has completely changed. In late June and early July every business talk show in the media was mentioning a stock market death cross (50 moving average crossing over to the downside the 200 moving average) and a massive head and shoulders top...
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Deutsche Bank’s Near-Term Outlook Remains Positive For Steel Stocks
Monday, July 26, 2010 - 10:07am | 212Freeport-McMoRan Copper & Gold Inc (NYSE: FCX) posted its Q2 EPS in-line with estimates. Deutsche Bank says, “We have trimmed our 2011E EPS by 6% to $8.96 on a 20% cut in FCX gold guidance and higher Tenke costs. FCX's net debt fell QoQ to US$1.7bn and remains on track to be cash positive by...
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Copper Continues To Rise
Monday, July 26, 2010 - 9:17am | 128Copper is rising again, up another 2 cents so far in trading after Fedex (NYSE: FDX) announced today it is raising its outlook for fiscal year 2010. The past week copper has been extremely strong and I reiterate the way to play this is by buying the iPath Dow Jones UBS Copper ETF (NYSE: JJC) or...
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How I'm Playing the Risk Trade
Saturday, July 24, 2010 - 10:32am | 441Three stocks which did very well for my portfolio this past week were: Qualcomm (QCOM), American Express (AXP), and Trina Solar (TSL). I will continue to hold the majority of my long positions (as this entire market moves as a whole these days) until I see the risk trade come off the table....
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Benzinga's Top ETF Decliners (TZA, TWM, MWN, SMN)
Friday, July 23, 2010 - 4:58pm | 212Direxion Small Cap Bear 3X Shares (ETF) (NYSE: TZA) fell 7.34%, as the Russell 2000 Index gained 2.39% today. TZA closed at $32.08, and had a volume of 23.67M. ProShares UltraShort Russell2000 (ETF) (NYSE: TWM) is a bear ETF that tries to replicate the 200% of the inverse of the performance of the...
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Benzinga's Top ETF Gainers (TNA, UWM, UYM, DRN)
Friday, July 23, 2010 - 4:43pm | 183Direxion Daily Small Cap Bull 3X Shares(ETF) (NYSE: TNA) and ProShares Ultra Russell2000 (ETF) (NYSE: UWM) traded higher today, as the Russell 2000 Index closed the session higher for a second day in a row. TNA gained 7.30%, UWM added 4.84%, while Russell 2000 gained 2.39% today. ProShares Ultra...