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Not Stressed? 07-23-2010
Friday, July 23, 2010 - 3:25pm | 814Cusick’s Corner The midday trade is tight and there is no directional bias at this stage of the trading day. The stress test results (for the most part) were a non-event and really did not give traders a better view that could potentially influence positioning. Tech looks potentially poised for a...
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HAL9000 Starting to Get his Commodity Play On
Friday, July 23, 2010 - 2:07pm | 494The move in copper is setting the algorithms on fire... this is becoming clear in the charts as the student body is running to the right... get your resource stock exposure on. I like Cleveland Cliffs (CLF) here but it reports next week. Bucyrus (BUCY) just reported last night, I'm torn on this...
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Copper Continues To Be A Tell (JJC, FCX)
Friday, July 23, 2010 - 1:18pm | 81Copper continues to show strength and it has all day so far with copper currently trading up $0.0195 to $3.1840/lb As I tweeted earlier, copper continues to be a strong tell for the markets. I would take a look at the Copper ETF (NYSE: JJC) or Freeport McMoran Copper & Gold (NYSE: FCX) based...
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Freeport-McMoran Ramping Up (FCX)
Thursday, July 22, 2010 - 3:34pm | 115Shares of Freeport-McMoran (NYSE: FCX) have been gaining momentum over the last few trading sessions. Over the last 5 market days, FCX is up almost 10%. In addition, copper prices broke their 200 day moving average to the upside today. Many traders treat FCX as a copper ETF. If you are bearish,...
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Freeport McMoRan Upgraded To Buy
Thursday, July 22, 2010 - 8:28am | 51CLSA upgraded Freeport McMoRan (NYSE: FCX) from Sell to Buy. CLSA sees improved copper prices in the upcoming months. CLSA's price target on Freeport McMoRan is $85. Here's another interesting piece on copper today.
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Copper ETN Looks Ready To Bounce
Thursday, July 22, 2010 - 6:46am | 150Buoyed by increased stockpile bookings and a bullish earnings report from Freeport McMoRan (NYSE: FCX), the iPath DJ-UBS Copper TR Sub-Idx ETN (NYSE: JJC) looks like it has broken out of an inverse head and shoulders pattern. London-traded copper is up for the fourth consecutive day amid the 25th...
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Leading Commodity Names Surge Again. Is the Move Over Now?
Wednesday, July 21, 2010 - 11:00am | 295Today the leading commodity stocks are surging again. The move higher in these stocks began yesterday after the Chinese Government made a statement that they would begin to loosen credit for the Chinese housing market. Prior to this move the Chinese government had stated that they would try and...
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Risk Trade Coming Back
Wednesday, July 21, 2010 - 7:56am | 227That inverted hammer pattern on copper futures worked like a charm. However we must break through the $3.10 resistance level with two consecutive closes above it. If it does I'm watching material stock names including Cliffs Natural Resources (CLF), Freeport-Mcmoran (FCX) and the the metal and...
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Mad Money Lightning Round: Jim Thinks CRUS Will Be Among The Biggest Winners After AAPL
Wednesday, July 21, 2010 - 6:10am | 277In his "Mad Money Lightning Round" on Tuesday, Jim Cramer said that Cirrus Logic (NASDAQ: CRUS) is going to be one of the biggest winners after Apple (NASDAQ: AAPL). According to him, CRUS could double in value. CRUS fell 4.24% in the after hours trading. When asked about Walter Industries (NYSE:...
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ETFs To Watch July 21, 2010 (XLB, EWA, UCO, MTK)
Wednesday, July 21, 2010 - 5:28am | 259Here is the ETF Professor's ETF Watch List for Wednesday July 21, 2010. Play Apple's (Nasdaq: AAPL) earnings with the PowerShares QQQ (Nasdaq: QQQQ) and the SPDR Morgan Stanley Technology ETF (NYSE: MTK). Play earnings from Morgan Stanley (NYSE: MS) and Wells Fargo (NYSE: WFC) with the Financial...
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Top 4 Stocks In The Copper Industry With The Highest Cash (BHP, SLT, FCX, SCCO)
Wednesday, July 21, 2010 - 5:22am | 145Below are the top copper stocks on the NYSE and the NASDAQ in terms of cash. BHP Billiton Limited (NYSE: BHP) had $9.03 billion in total cash for the latest quarter. BHP’s total debt for the same period amounted to $16.30 billion. Sterlite Industries (India) Limited (NYSE: SLT) had $4.94 billion in...
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BHP Billiton Iron Ore Output Jumps 16%
Wednesday, July 21, 2010 - 4:44am | 113BHP Billiton (NYSE: BHP), the world's largest mining company, said fourth-quarter iron ore output surged 16% led by expansion of its Australian mines and rising steel demand in emerging markets. Output was 31.2 million metric tons in the three months ended June 30 compared with 27.1 million tons a...
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Benzinga's Top ETF Decliners (EDZ, SMN, ERY, BZQ)
Tuesday, July 20, 2010 - 4:37pm | 208Direxion Daily Emerging Markets Bear 3x Shares(ETF) (NYSE: EDZ) fell 7.20% on Tuesday, as the MSCI Emerging Markets Index traded higher. Vale (ADR) (NYSE: VALE) gained 6.74%, and closed at $26.44. ProShares UltraShort Basic Materials (ETF) (NYSE: SMN) dropped 6.33%, as basic materials names traded...
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Benzinga's Top ETF Gainers (LBJ, EDC, ERX, UYM)
Tuesday, July 20, 2010 - 4:23pm | 194Direxion Daily Latin America Bull 3x Shares ETF (NYSE: LBJ) gained 8.21%, as Latin American stocks traded higher. Petroleo Brasileiro SA (ADR) (NYSE: PBR) had a good trading session today. It gained 4.19%, and closed at $36.05. Direxion Daily Emerging Markets Bull 3x Shares(ETF) (NYSE: EDC) is...
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Freeport-McMoran Flying Higher (FCX)
Tuesday, July 20, 2010 - 2:30pm | 102Shares of Freeport-McMoran (NYSE: FCX) have gained 5.03% today and are trading hands for $63.92. The stock has tested the $60 level a number of times in recent days, but has found support at this level. With rumors flying that the Federal Reserve may be preparing to step in and provide additional...