-
Benzinga's Top ETF Gainers (SMN, BZQ, UNG, ZSL)
Thursday, June 3, 2010 - 12:37pm | 199ProShares UltraShort Basic Materials (ETF) (NYSE: SMN) is trading approximately 4.5% higher today. Basic materials are struggling today, Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) lost 5.5% so far, while Newmont Mining Corporation (NYSE: NEM) dropped 3%. ProShares UltraShort MSCI Brazil (...
-
Materials Underperforming (AA, X, CLF, FCX)
Thursday, June 3, 2010 - 12:29pm | 95Materials stocks are comfortably lower in mid-day trading with selling accelerating in the last 30 minutes. A stronger euro may be contributing to the selling pressure in the following materials names. Alcoa (NYSE: AA) is down 35 cents, or 3.05%, to $11.13. U.S. Steel (NYSE: X) is down $1.71, or 3....
-
BHP Oil Production Forecast Lowered By Citigroup
Thursday, June 3, 2010 - 3:56am | 141Citigroup (NYSE: C) lowered its oil production forecasts for BHP Billiton (NYSE: BHP), the largest mining company in the world, due to a moratorium on deepwater drilling in the Gulf of Mexico. BHP is one of the largest deepwater drillers in the Gulf. BHP may boost oil production to 168 million...
-
Benzinga's Top ETF Decliners (ERY, EDZ, SMN, DPK)
Wednesday, June 2, 2010 - 12:52pm | 186A rebound in the energy sector created some problems for the owners of Direxion Daily Energy Bear 3X Shares(ETF) (NYSE: ERY). ERY fell 7% today, and it is currently trading at $12.57. Direxion Daily Emerging Markets Bear 3x Shares(ETF) (NYSE: EDZ) dropped 6.6% on a strength in the emerging markets...
-
Fast Money Picks For June 2nd (HPQ, PM, BBY, RTP)
Tuesday, June 1, 2010 - 6:41pm | 137On CNBC's Fast Money, Anthony Scaramucci said that he would buy Hewlett-Packard Company (NYSE: HPQ) on Wednesday. Hewlett-Packard Company (HPQ) fell 0.93% and closed at $45.58. Karen Finerman is a buyer of Philip Morris International Inc. (NYSE: PM) and Joe Terranova likes Best Buy Co., Inc. (NYSE...
-
June 1, 2010: Cuba, Si? Investment, Si?
Sunday, May 30, 2010 - 10:20am | 626Recently, the New-York based Americas Society, in conjunction with the Council of the Americas, issued an assessment of the climate for U.S. investment in Cuba. "Cuba has persistently ranked as one of the worst business environments in the world", stated Maria Werlau, a consultant specializing in...
-
Top 5 Large-Cap NYSE Stocks In The Basic Materials Sector With The Highest Profit Margins (TCK, DVN, SCCO, CEO, RIG)
Friday, May 28, 2010 - 8:25am | 165Below are the top 5 large-cap basic materials stocks on the NYSE in terms of profit margins. The trailing-twelve-month profit margins of Teck Resources Ltd (NYSE: TCK) is 31.6%. TCK’s quarterly earnings grew by 276.80% year-over-year. The trailing-twelve-month profit margins of Devon Energy Corp (...
-
Benzinga's After Hours Gainers (FWLT, RTP, SU)
Thursday, May 27, 2010 - 6:48pm | 137Among the notable after hours movers today are Foster Wheeler (NASDAQ: FWLT), Rio Tinto (NYSE: RTP), and Suncor Energy (NYSE: SU). Foster Wheeler (FWLT) shares have gained 1.76% to $24.42 in the after hours trading session, after the company's CEO appeared on CNBC's Mad Money with Jim Cramer. Rio...
-
Is The Correction Already Over? (X, FCX, MSFT, C)
Thursday, May 27, 2010 - 3:29pm | 142Is the correction already over? The Dow is soaring 239 points, or 2.40%, to 10,213 today. The blue chip index is already up some 400 points from its lows on Tuesday. Some names are already well off their lows from just a few days ago. U.S. Steel is surging 7 percent today to $48.34. Two days ago it...
-
Aussie Tax Plan Slams An Unknown ETF
Thursday, May 27, 2010 - 12:18pm | 349Australia's proposed 40% tax hike on mining companies operating there has sent shockwaves through the materials sector, rattling individual stocks like BHP Billiton (NYSE: BHP) and Rio Tinto and a broad swath of ETFs. Government officials down under are taking a page from their American...
-
Top 5 Small-Cap AMEX Stocks In The Gold Industry With The Highest Return On Equity (CDY, CGC, AZK, ANV, GSS)
Wednesday, May 26, 2010 - 5:56am | 171Below are the top 5 small-cap gold stocks on the AMEX in terms of ROE. Cardero Resource Corp (AMEX: CDY) has a trailing-twelve-month ROE of 87.11%. CDY had $88 million of total cash on its balance sheet in the latest quarter, while its debt liabilities were nil. Capital Gold Corp (AMEX: CGC) has a...
-
Metals Signaling Reversal? (XME, X, FCX, AA)
Tuesday, May 25, 2010 - 3:58pm | 160Traders and investors often say that economically-sensitive materials and mining stocks will lead any rally or downturn in the stock market. Well, today many materials and miners are in the green despite the major averages being solidly in the red. The SPDR S&P Metals & Mining ETF (NYSE:...
-
Some Big Losers Over Last Four Weeks (DJI, JOYG, BUCY, X, AA, FCX)
Tuesday, May 25, 2010 - 10:35am | 142The Dow Jones Industrial Average (DJI) is down 199 points, or 1.98%, to 9,867 in early trading today. Over the last four weeks the blue chip index is down nearly 12 percent. Here are how some key industrial and materials names have fared over the last four weeks: Joy Global (NASDAQ: JOYG) is down...
-
Cramer Bearish on Freeport-McMoRan (NYSE: FCX) as the Stock Heads Lower
Monday, May 24, 2010 - 4:20pm | 1773Last week in an episode of Mad Money, Jim Cramer said that while he likes Freeport-McMoRan Copper & Gold (NYSE: FCX) as a company, he would put it on his “sell” list for now. He cited concerns such as exposure to China’s slowing economy or the stock’s recent run. From December 2008 through...
-
Top 4 Small-Cap Stocks In The Industrial Metals And Minerals Industry With The Highest Cash (TC, ICO, GSM, SWC)
Monday, May 24, 2010 - 7:26am | 146Below are the top 4 small-cap industrial metals and minerals stocks on the NASDAQ and the NYSE in terms of cash. Thompson Creek Metals Company Inc (NYSE: TC) had $523.60 million of cash in the latest quarter, while its debt liabilities stood at $11.40 million. International Coal Group Inc (NYSE:...