-
Benzinga's Top ETF Decliners (UYM, SLX, UCO, XME)
Monday, July 12, 2010 - 4:40pm | 218ProShares Ultra Basic Materials (ETF) (NYSE: UYM) closed 3.43% lower today, along with basic materials stocks like Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) and Nucor Corporation (NYSE: NUE). FCX fell 4.18%, and NUE dropped 2.37% in today's trading session. Market Vectors Steel (ETF) (...
-
Benzinga's Top ETF Gainers (BZQ, DTO, SCO, SMN)
Monday, July 12, 2010 - 4:22pm | 172ProShares UltraShort MSCI Brazil (NYSE: BZQ) gained 5.16% today, as Brazilian stocks struggled. Petroleo Brasileiro SA (ADR) (NYSE: PBR) fell 1.70%, and Vale (ADR) (NYSE: VALE) dropped 4.14%. PowerShares DB Crude Oil Double Short ETN (NYSE: DTO) traded 3.59% higher, as oil fell approximately 2%....
-
Materials Stocks Slammed In Early Trading (X, AKS, FCX, AA)
Monday, July 12, 2010 - 10:33am | 130Stocks in the basic materials sector are getting slammed in early trading today. Steel names U.S. Steel (NYSE: X) and AK Steel (NYSE: AKS) are down 3.80% and 5.01%, respectively. Copper producer Freeport-McMoRan (NYSE: FCX) is down $1.98, or 3.00%, to $64.00 Aluminum maker Alcoa (NYSE: AA) is down...
-
Is The Risk-Trade Back On? (CAT, AA, FCX)
Saturday, July 10, 2010 - 2:17pm | 211The Dow Jones Industrial Average (DJI) just completed its best week in nearly a year, surging 511 points, or 5.33%. Optimism about second quarter profits and a less pessimistic view of global growth helped drive stocks higher despite an absence of fresh economic data. So, with stocks surging, is...
-
Mining Stocks Moving Up (FCX, VALE, BHP, RTP)
Friday, July 9, 2010 - 2:56pm | 119Shares of some of the world's largest mining stocks are rising during Friday's trading session. Freeport-McMoran (NYSE: FCX) has gained 4.02% to $65.69. Brazilian mining giant Vale (NYSE: VALE) has risen 2.10% to $26.25. BHP Billiton (NYSE: BHP) has added 1.51% to $67.76. BHP is the world's...
-
Top Narrow Based Indexes for July 9 (NAK, SEED, TGB)
Friday, July 9, 2010 - 2:41pm | 188By 2:29 pm, the Dow Jones Industrial Average was up 0.09%, to 10,145.35, while the broader Standard & Poor's 500 index had gained 0.24%. The NASDAQ composite index had climbed 0.33%. Some of the narrow based indexes driving the markets are Canadian Mining Stocks, which have gained 3.2%,...
-
Potential BP (NYSE:BP) option trades, bullish and bearish
Wednesday, July 7, 2010 - 12:29pm | 1789Roughly two-and-a-half months after the April 20 Deepwater Horizon disaster, BP plc (NYSE:BP) may be pulling itself up by its proverbial bootstraps. From its April 20 peak to its June 28 low, the stock surrendered more than 55% of its value. But recent optimistic reports and an upgrade on Tuesday...
-
Analysts Likely to Stay Bullish on Metals
Wednesday, July 7, 2010 - 9:11am | 205NEW YORK (TheStreet) -- Second-quarter earnings, and economic data from China and the U.S. will be key triggers to stock rating changes during the second half. Concerns related to the pace of the global economic recovery and the offsetting effect of bargaining opportunities in metal stocks could...
-
Rally Underway Across Wall Street (AAPL, INTC, JPM, C, FCX, CAT, BP)
Tuesday, July 6, 2010 - 11:54am | 263Stocks are undergoing a relief rally on Tuesday after a steep sell-off last week. The Dow Jones Industrial Average has gained 135 points to 9,822. The upward momentum has been broad based and sustained throughout morning trading. Shares of Apple Computer (NASDAQ: AAPL) have jumped 1.68% to $251.11...
-
Getting an Edge on Jim Cramer
Tuesday, July 6, 2010 - 10:52am | 2007For more than a year, I took Mad Money host Jim Cramer’s investing ideas and gave them a thumbs up or thumbs down according my own technical analysis and views. Here at OptionsHouse, it’s not about telling you what to do, but rather offering some strategies for you to explore based on your own...
-
Calls Purchased on Freeport-McMoran (FCX)
Tuesday, July 6, 2010 - 9:59am | 166Shares of Freeport-McMoran Copper & Gold (NYSE: FCX) are higher on the session by 4.75%, currently trading at $61.32. The stock has been trading lower and lower over the past six months and is currently in a technical downtrend. Options traders are buying calls on the name today, though,...
-
July 2, 2010: Well, Well, Cuba Drills Deep
Friday, July 2, 2010 - 3:39pm | 401As reported in Friday's Wall Street Journal, Cuba will begin deep water drilling early next year. The first well to be drilled will be done by Repsol YPF a scant sixty miles south of Key West. Repsol (REP) will use a floating drill rig presently being repaired in a Chinese shipyard which is almost...
-
NYT: Economies in Latin America Race Ahead
Friday, July 2, 2010 - 2:29pm | 2375A nice piece in the New York Times on the strength in some of the Latin American economies. While we focus on Brazil here, we've also discussed Chile in the past; actually a fascinating article about how different the Chile financial leaders were than their American counterparts - saving for a...
-
BHP Gains On Reduction In Tax Rate
Friday, July 2, 2010 - 10:17am | 82Shares of BHP Billiton (NYSE: BHP) moved up after the announcement of restructured tax known as Mineral Resource Rent Tax (MRRT). The Australian government has reduced the tax rate to 30%. The reduction is a major win for the mining industry. The Melbourne, Australia-based company’s shares have...
-
RTP Advances After Australian Government Announces New Tax Plan
Friday, July 2, 2010 - 9:52am | 104Shares of Rio Tinto (NYSE: RTP) are moving up after the Australian government announced its new mining tax plan. The new plan will lower the headline tax rate from 40% to 30%. The London, UK-based company has also exercised its $393 million in share warrants of Ivanahoe Mines (NYSE: IVN). This has...