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Market Roundup (VALE, LGF, BHP, RTP, CVC, SKS, SCHW, SQNM)
Tuesday, March 23, 2010 - 3:13pm | 346According to Credit Suisse, with Vale (NASDAQ: VALE) pushing for shorter quarterly contracts with steel-mill customers, ore prices could jump 90% by next month. VALE has made a move to index pricing after BHP Billiton (NYSE: BHP) and Rio Tinto (NYSE: RTP) have moved away from annual negotiations....
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Bookkeeping: Starting Massey Energy (MEE), Replacing BHP Billiton (BHP)
Monday, March 22, 2010 - 11:38am | 683I am going to replace mining giant BHP Billiton (BHP) - one of our longest held holdings - with a much less diversified name, Massey Energy (MEE) now that the stock has finally come in. This name was my preferred choice in the space after it's recent acquisition [Mar 17, 2010: Massey Energy Seeks...
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ETF Investors Should Continue To Be Content With The Metals And Mining Industry Group
Saturday, March 20, 2010 - 9:44pm | 892“The metals and mining industry group has been a market leader during the past year, with the SPDR S&P Metals and Mining exchange-traded fund soaring more than 117% during the prior 52 weeks. Comparatively, the S&P 500 index has rallied some 48% during the same time frame. What’s more, XME...
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Rio Tinto Signs A Pact With Chinalco (RTP, ACH, BHP)
Friday, March 19, 2010 - 4:58pm | 138Rio Tinto Ltd. (NYSE: RTP) has inked a deal with Aluminum Corp. of China (NYSE: ACH) for developing the Simandou iron ore project. Rio Tinto owns a 95% stake in the Simandou project. Chinalco will pay $1.35 billion to acquire a 47% stake in the joint venture. Tom Albanese, Chief executive Officer...
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Diamond Stocks: A Girl's Best Friend?
Friday, March 19, 2010 - 12:32am | 660Diamonds are the hardest substance on earth and come in a variety of colors including blue, yellow, brown, green, purple, pink, orange or red. The major player in the diamond industry is the De Beers company, which was formerly a publicly traded stock but is now privately held. However, there is an...
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Iron Ore Price Rise Has China, Europe Worried (VALE, BHP, RTP)
Thursday, March 18, 2010 - 3:06pm | 216Steelmakers forced to buy from smaller producers on the volatile spot market Iron ore negotiations have ground to a halt - again. Iron ore producers and consumers were so far apart last year that negotiations on pricing broke down entirely. No price benchmark was reached between major Australian...
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Joe Terranova Likes Copper And Crude Oil, But Not Natural Gas (USO, FCX, UNG)
Wednesday, March 17, 2010 - 5:58pm | 144Tonight on Fast Money, Joe Terranova referenced the fact that Goldman Sachs believes that the rally in commodities will continue as a result of improving fundamentals. Terranova said that this means investors should be buying copper and crude oil in particular. Terranova, believes, however, that...
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Top 5 Large Cap Stocks In The Basic Materials Sector With The Highest Cash (PBR-A, XOM, RDS-B, BHP, CVX)
Monday, March 15, 2010 - 8:12am | 243Below are the top five large-cap basic materials stocks in the basic materials sector on the NYSE and the NASDAQ in terms of cash. Petroleo Brasileiro (NYSE: PBR-A) had $17.15 billion in total cash in the latest quarter. PBR-A had total debt of $50.70 billion in the same period. Read more about...
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Jim Cramer's Thoughts On ADCT, AEM, SCSS, LEG, IVN, UAUA
Friday, March 12, 2010 - 8:58pm | 253Jim Cramer said on CNBC's Mad Money that ADC Telecommunications (NASDAQ: ADCT) is a buy. ADCT fell 1.91% today to $7.20, but Cramer thinks that investors should stay long because this company has a lot of cash and a good business. Agnico-Eagle Mines Limited (NYSE: AEM) should not be bought at this...
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Market Roundup (POT, MOS, AGU, AAUKY.PK, XSRAF.PK, BHP, SVU, TM)
Friday, March 12, 2010 - 2:44pm | 240Potash makers have jumped today after Potash Corp (NYSE: POT) projected a sharp rise in demand for the soil nutrient this year. POT expects record North American sales and strong exports during the current quarter. The news has also driven up Agrium (NYSE: AGU) and Mosaic Company (NYSE: MOS)....
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Top 5 NYSE Stocks In The Industrial Goods Sector With The Lowest PEG Ratio (XIN, GFA, DYP, ACO, DRC)
Thursday, March 11, 2010 - 9:28am | 218Below are the top industrial goods stocks on the NYSE in terms of PEG ratio. Xinyuan Real Estate Co Ltd (NYSE: XIN) has a PEG ratio of 0.13. XIN’s quarterly revenue growth is 210.90% y/y. Read more about this company here. Gafisa SA (NYSE: GFA) has a PEG ratio of 0.25. GFA’s quarterly earnings...
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Top 5 NYSE Stocks In the Industrial Goods Sector With The Highest 5-Y Earnings Estimates (CX, USG, GFA, GFF, ACO)
Thursday, March 11, 2010 - 9:09am | 244Below are the top industrial goods stocks on the NYSE in terms of 5-Y earnings estimates. Cemex SAB de CV (NYSE: CX) is likely to achieve 78.6% earnings growth over the next five years. CX’s trailing-twelve-month revenues stand at $15.66 billion. Read more about this company here. USG Corporation...
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3-10-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Wednesday, March 10, 2010 - 12:51pm | 2537Stocks are higher on China data and M&A activity Stocks are moderately higher after data showed Chinese exports and imports grew faster than expected and after a slew of new corporate deals overshadowed an unexpected drop in January wholesale inventories. Total wholesale inventories slipped 0.2...
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Copper Stocks Are Under Performing Since February 5th (NYSE:FCX), (NYSE:SCCO), (NYSE:IWM)
Tuesday, March 9, 2010 - 2:54pm | 232Since the February 5th pivot, the stock market has rallied higher. The S&P 500 is now approaching its January 2010 high at 1150.00. This recent rally has been lead by the small capitalization stocks in the Russell 2000 index and also the technology heavy NASDAQ Composite. These two indexes have...
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The Best ETF For Rising Iron Ore Prices
Tuesday, March 9, 2010 - 3:51am | 327With the global economy looking poised to rebound, iron ore prices are sure to benefit. In fact, they already are. Iron ore is a key ingredient in the steel making process, so it is no understatement to say that iron ore prices are intimately tied to the health of the economy at large. Investors...