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Puts Favored in Freeport
Monday, May 3, 2010 - 2:28pm | 137Freeport-McMoran (NYSE: FCX) is moving lower on the session and is weighing on the materials index heavily today. Puts are being favored as the stock is off 2.98% to $73.28, though Freeport is now nearing support around $70 and it looks like traders are getting long while buying put protection;...
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Australian "Super Tax" Slams Materials (FCX, X, AA, RTP)
Monday, May 3, 2010 - 11:36am | 154Stocks in the metals and mining sector are getting slammed today after Australia announced it was planning to impose a "super-tax" on resource companies' profits. The 40 percent tax would begin in 2012 and raise $11 billion in its first two years. Citigroup mining analyst Craig Sainsbury said the...
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Top 5 Small-Cap Stocks In The Gold Industry With The Highest Return On Equity (CDY, CGC, AZK, ANV, GSS)
Monday, May 3, 2010 - 7:40am | 174Below are the top 5 small-cap gold stocks on the NASDAQ, the NYSE and the AMEX in terms of ROE. Cardero Resource Corp (AMEX: CDY) has a trailing-twelve-month ROE of 87.11%. CDY had $92.90 million of total cash in the latest quarter and no debt liabilities. Capital Gold Corp (AMEX: CGC) has a...
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Top 5 Small-Cap Stocks In The Gold Industry With The Highest Return On Equity (CDY, CGC, AZK, ANV, GSS)
Monday, May 3, 2010 - 7:38am | 174Below are the top 5 small-cap gold stocks on the NASDAQ, the NYSE and the AMEX in terms of ROE. Cardero Resource Corp (AMEX: CDY) has a trailing-twelve-month ROE of 87.11%. CDY had $92.90 million of total cash in the latest quarter and no debt liabilities. Capital Gold Corp (AMEX: CGC) has a...
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Materials And Industrials Crushed (JOYG, CAT, CMI, X, CENX, FCX)
Friday, April 30, 2010 - 4:16pm | 192Economically sensitive sectors like materials and industrials were absolutely crushed today as the broader markets sold off. The Dow Jones Industrial Average (DJI) lost 158 points, or 1.42%, to close at 11,008. The S&P 500 (SPX) lost 20 points, or 1.66%, to close at 1,186. Here are how some...
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Top Performing Industries For April 28 (MGH, BBW, HL, HUM, TOF)
Wednesday, April 28, 2010 - 3:40pm | 252At 1:03 pm, Dow gained 53.65, or 0.49%, to 11,045.64, while the broader Standard & Poor's 500 index gained 7.06, or 0.60%. The Nasdaq composite index had slipped 2.47 points or 0.10%. The industries that are helping the market keep afloat today are: Gold: The top gainer of the day, this...
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Compass Minerals (CMP) Reports Mixed Results
Tuesday, April 27, 2010 - 6:13pm | 85Compass Minerals (NYSE: CMP) released financial results on Tuesday after the market closed that missed Wall Street earnings estimates but beat revenue estimates. Compass Minerals reported that its 1st quarter earnings fell to $58.9 million, or $1.77 per share, down from $61.6 million, or $1.85 per...
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Benzinga’s Top Upgrades (TSCO, ACO, APD, ESS, MAA)
Monday, April 26, 2010 - 10:49am | 198Analysts at JP Morgan upgraded Tractor Supply Company (NASDAQ: TSCO) to “neutral” from “underweight.” TSCO’s shares declined 0.14% to $69.77 at 9:43 am EST. TSCO’s 52-week trading range is $34.09-$70.32. Amcol International Corp (NYSE: ACO) was upgraded by Wedbush from “underperform” to “neutral.”...
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Top 5 Large-Cap Stocks In The Basic Materials Sector With The Highest Return On Equity (SID, DO, FCX, NE, PX)
Friday, April 23, 2010 - 7:14am | 150Below are the top 5 large-cap basic materials stocks in terms of their return on equity. Companhia Siderurgica Nacional (NYSE: SID) has a ROE of 42.69%. SID has a PEG ratio of 0.94. Diamond Offshore Drilling, Inc (NYSE: DO) has a ROE of 39.37%. DO’s trailing-twelve-month operating margins grew by...
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Morning Market Update (BHP, LEHMQ.PK, JPM, MS, GS, BAC, USB, GOOG, MSFT)
Wednesday, April 21, 2010 - 1:15pm | 434BHP Billiton (NYSE: BHP) may be the subject of a corruption probe. Following an information request from the SEC, BHP said that it has found "possible violations of applicable anti-corruption laws involving interactions with government officials." Although BHP did not disclose the location of the...
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Metal Stocks Signal Weakness In Overall Economic Recovery And Send Up Red Flags
Wednesday, April 21, 2010 - 12:48pm | 377After unbelievable moves higher, many metal stocks are now seeing unique price action over the last couple weeks, going against the flow of the markets. The markets have inched higher, making a new 52 week high in the last week, but key stocks that are a solid gauge of a healthy economic rebound...
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Freeport-McMoRan Doubles Dividend, Shares Fall (FCX)
Wednesday, April 21, 2010 - 12:19pm | 105Freeport-McMoRan (NYSE: FCX) reported first quarter earnings this morning and announced a doubling of its annual dividend. The company reported earnings of $2.00 per share, ahead of the $1.91 per share consensus. Revenues came in lighter-than-expected at $4.36 billion versus the $4.49 billion...
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Freeport-McMoran Beats Estimates, Stock Trending Lower (FCX)
Wednesday, April 21, 2010 - 11:59am | 119This morning prior to the opening bell, mining giant Freeport-McMoran (NYSE: FCX) released their quarterly earnings numbers. The company reported first-quarter net income of of $897 million or $2.00 per share compared to $43 million or $0.11 per share in the year ago period. Analysts polled by...
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Company News for April 21, 2010 - Corporate Summary
Wednesday, April 21, 2010 - 9:45am | 347• Analysts at Deutsche Bank (NYSE:DB), Barclays (NYSE:BCS) and Thomas Weisel raised price targets and iPhone sales estimates for Apple (NASDAQ:AAPL) following last night's blowout earnings and sales report. Apple posted better-than-estimated earnings of $3.33 per share on revenues of $13.5 billion...
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Stock Market News for April 21, 2010 - Market News
Wednesday, April 21, 2010 - 9:45am | 556Better-than-expected profit reports from some big Wall Street names helped overcome concerns that increased financial regulations would limit banks’ lending abilities and eat into their profits. Stocks managed to end higher for a second consecutive day as investors picked up stocks from every...