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Chinese Copper Imports Fall
Thursday, June 10, 2010 - 11:52am | 231The month of May saw a large decrease in Chinese imports of copper. Decreasing to 396,712 metric tons, this was a decrease of 9.1% since April and 6.1% vs. a year ago. Year to date imports, however, hover at 8.2% above the level one year ago. Commodities demand in China has been slowing as of late...
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Puts Sold on Thompson Creek (TC)
Thursday, June 10, 2010 - 11:48am | 121Shares of Thompson Creek Metals Co. (NYSE: TC) are trading higher on the session by 3.88%, currently at $8.91. The stock has been selling off for the past five weeks and has broken through a number of key moving averages and support levels. Options traders are betting that the slide is at its...
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Freeport-McMoRan Reverses, Gives Up Early Gains (FCX)
Wednesday, June 9, 2010 - 3:08pm | 115Materials company Freeport-McMoRan (NYSE: FCX) has sacrificed nearly all its gains today after gapping higher at the open of trading. Shares finished yesterday's session at $61.48, but opened at $62.90 today. Shares traded as high as $63.89, up nearly 4%, in morning trading. Freeport opened higher...
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Mid-Day Market Movers (DINE, CERP, FONR, TTIL)
Wednesday, June 9, 2010 - 10:50am | 137Rewards Network Inc (NASDAQ: DINE) climbed 33.33% to $13.20 by 10:14 am. Equity Group Investments (EGI) has offered to buy all outstanding shares of DINE for $13.50 per share. Cereplast Inc (NASDAQ: CERP) soared 26.91% to $5.14. CERP expects to ship much more bio-plastic resin in 2010 than it had...
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Top 5 Stocks In The Industrial Metals And Minerals Industry With The Highest Sales Growth Estimate This Quarter (WLT, ANR, ZINC, BW, TC)
Wednesday, June 9, 2010 - 6:12am | 196Below are the top 5 industrial metals and minerals stocks on the NASDAQ and the NYSE in terms of sales growth estimates. The sales for Walter Energy Inc (NYSE: WLT) are expected to jump by 143.7% in the current quarter. Brean Murray upgraded WLT from “hold” to “buy.” The sales for Alpha Natural...
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Benzinga's Top ETF Gainers (EDC, ERX, UYM, DRN)
Tuesday, June 8, 2010 - 4:21pm | 245Direxion Daily Emerging Markets Bull 3x Shares(ETF) (NYSE: EDC) closed 5.93% higher, as the MSCI Emerging Markets Index managed to rebound today. Petroleo Brasileiro SA (ADR) (NYSE: PBR) had a pretty good trading session, with an increase of 2.77%. The energy sector traded higher today, along with...
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Top Performing Industries For June 8 (SSRI, EGI, SCCO, RMCF)
Tuesday, June 8, 2010 - 1:43pm | 223At 11:11 a.m., Dow lost 31.06, or 0.32%, to 9,785.43, while the broader Standard & Poor's 500 index dipped 5.92, or 0.56%, to 1,044.55. The NASDAQ composite index fell 29.49, or 1.36%, to 2,144.41. The industries that are driving the market today are: Silver: The top gainer of the day, this...
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BHP Fires Another Potash Warning Shot
Tuesday, June 8, 2010 - 11:14am | 120NEW YORK (TheStreet) -- BHP Billiton (NYSE: BHP) went public with enormous reserve estimates for its potash mining project in Saskatchewan, and it ought to be enough to strike fear in the entrenched industry interests, according to market watchers. But don't expect those interests to show much...
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Cramer Says It’s Time to Buy Teva Pharmaceutical (TEVA) on a Pullback
Tuesday, June 8, 2010 - 8:11am | 1680Last week, during his infamous “Lighting Round” on CNBC, Jim Cramer opined on Teva Pharmaceutical Industries (NASDAQ: TEVA), saying it might be a candidate to buy on the dip given its recent pullback. The eccentric Mad Money host said that even with health care stocks in reversal mode, it could be...
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Top 5 Stocks In The Gold Industry With The Highest Earnings Per Share (NEM, CDY, ABX, BVN, AU)
Tuesday, June 8, 2010 - 5:06am | 174Below are the top 5 gold stocks on the NASDAQ, the NYSE and the AMEX in terms of EPS. Newmont Mining Corp (NYSE: NEM) has earned $1.11 per share in the latest quarter. NEM’s quarterly earnings grew by 188.90% year-over-year. Cardero Resource Corp (AMEX: CDY) has earned $1 per share in the latest...
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Mad Money Lightning Round: Jim Considers MDR
Friday, June 4, 2010 - 10:17am | 242In his "Mad Money Lightning Round" on Thursday, Jim said that he likes McDermott International (NYSE: MDR). He considered the stock to be ‘a winner’ and a really good company. MDR jumped 1.96% to $22.94 during the after-hours session. When asked about Qwest Communications (NYSE: Q), Cramer said, "...
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Fast Money Picks For June 4th (RTP, AKAM, EL, INTU)
Thursday, June 3, 2010 - 6:48pm | 143CNBC Fast Money's Tim Seymour suggested investors to sell Rio Tinto plc (ADR) (NYSE: RTP). He thinks that this stock is going down. Rio Tinto (RTP) fell 0.75% today. Guy Adami is a buyer of Akamai Technologies, Inc. (NASDAQ: AKAM), and Joe Terranova is bullish on The Estee Lauder Companies Inc. (...
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Mike Gurka Is Bullish On Copper, Wants To Avoid Zinc And Aluminum
Thursday, June 3, 2010 - 2:20pm | 116Mike Gurka said on CNBC's Fast Money that he is bullish on the basic materials sector. He added that we might find some bargains in the sector, if it dips a little bit more. He didn't say what stocks he would buy. Instead Mike Gurka said that he is bullish on copper, and he would stay away from...
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Picked Up Some Freeport (FCX)
Thursday, June 3, 2010 - 2:09pm | 190Freeport-McMoRan Copper & Gold (NYSE: FCX) is off more then 5 percent today. I'm using this weakness to pick up some shares in this basic materials company. Today's move appears to be a knee-jerk reaction to further concerns about a Chinese slowdown and a weak Europe. The euro is rallying...
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Benzinga's Top ETF Decliners (UYM, AGQ, EDC, XME)
Thursday, June 3, 2010 - 12:58pm | 233ProShares Ultra Basic Materials (ETF) (NYSE: UYM) is trading lower today, along with the basic materials sector. Alcoa Inc. (NYSE: AA) and United States Steel Corporation (NYSE: X) are facing big pressure. Alcoa (AA) lost 2.5% and US Steel (X) dropped 3.45% so far. Silver prices are heading lower...