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Materials Sector ETF Poised to Fill Gap Down (XLB, GLD)
Friday, February 12, 2010 - 12:54pm | 107Just a quick note for traders looking for some gap fill ideas. We are noticing some upward movement in Materials Select SPDR ETF (NYSE: XLB). The names in this sector were strong yesterday so we may see a rebound continue in them after this mornings gap down. This ETF tracks a basket of stocks in...
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Benzinga’s Top Upgrades (AYE, JDSU, BTU, CBS, TCK)
Friday, February 12, 2010 - 11:55am | 207Allegheny Energy Inc (NYSE: AYE) was upgraded by RBC Capital Markets from “underperform” to “sector perform.” AYE’s shares slipped by 1.93% to $23.09 at 10:22 a.m. AYE has 52-week trading range of $19.94-$29.31. AYE’s shares have gained 0.30% year to date. Morgan Keegan upgraded JDS Uniphase Corp...
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Global Mining Companies Pushing Up Iron Ore Price (VALE, RTP, BHP)
Friday, February 12, 2010 - 10:04am | 122According to a report Financial Times, global mining companies are forcing steel makers to accept record prices for iron ore. The move comes after the "Benchmark" annual talks that was held between miners, Vale (ADR) (NYSE: VALE) of Brazil, Anglo-Australian Rio Tinto (ADR) (NYSE: RTP), and BHP...
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Trade Alert! Freeport Is Moving Fast (FCX)
Thursday, February 11, 2010 - 2:58pm | 179Shares of Freeport-McMoran (NYSE: FCX) have been on a wild roller coaster ride in recent months. Over the last 52 weeks, this highly traded copper and gold miner has climbed 165%, but don't tell this to the people who bought around the high of $90.55. If you bought that top, you have taken a bath...
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Materials Sector Poised For Upswing (XLB, AA, DOW, MON, FCX)
Thursday, February 11, 2010 - 1:28pm | 375We have been looking over the sectors analyzing which ones may be the first to move higher if the markets continue upwards. One that interests us is the materials sector. A solid ETF that tracks this sector is the Materials Select Sector SPDR (Nasdaq: XLB). Currently, it is trading at just under $...
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ETFs To Watch February 11, 2010 (HAO, XHB, GUR, EWY)
Thursday, February 11, 2010 - 4:34am | 213Here is the ETF Professor's ETF Watch List for Thursday February 11, 2010. On the South Korea interest rate news, watch the iShaers MSCI South Korea Index (NYSE: EWY). Wait for the Greece bailout news with the S&P Emerging Europe SPDR ETF (NYSE: GUR) and the iShares MSCI EAFE Small Cap Index...
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Rio Tinto Posts Second-Half Profit
Thursday, February 11, 2010 - 2:56am | 130Rio Tinto (NSYE: RTP), the world's third-largest mining company, posted a second-half of 2009 profit of $2.4 billion in the six months ended Dec. 31, after enduring a loss of $3.3 billion a year earlier. Analysts expected the company to earn $3.4 billion. The U.K.-based company had been struggling...
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China Indicts Rio Tinto Employees (RTP)
Thursday, February 11, 2010 - 12:19am | 108China has formally indicted four Rio Tinto Plc. (NYSE: RTP) employees including the Australian head of its iron ore unit in the country. Rio Tinto (RTP) employees are facing trade secrets and bribery charges. According to a report released by state-run Xinhua news agency, four indicted employees...
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BHP Billiton Limited (BHP) Reports Strong Results For First-Half Of FY10
Wednesday, February 10, 2010 - 4:47pm | 137Analysts at Dahlman Rose & Co. have released an update on BHP Billiton Limited (ADR) (NYSE: BHP). The company has posted strong results for the first-half of FY10. BHP Billiton reported EPS of $1.03, which excludes exceptional items, in the first-half. The EPS came in slightly below analysts’...
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Happy Birthday, Jim Cramer! (JNY, BHP, T, VZ)
Wednesday, February 10, 2010 - 4:04pm | 179We at Benzinga.com would like to wish Jim Cramer a happy 55th birthday. Cramer just appeared on his Stop Trading segment on CNBC to talk about today's markets. He said that he is hopeful about the copper and iron markets after some bullish statements from Australian mining giant BHP Billiton (NYSE...
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BHP Billiton (BHP): Good Quarter, but STILL Cautious on Global Economy
Wednesday, February 10, 2010 - 2:41pm | 1404Speaking of iron ore miners... The 3 mega miners are very similar to the railroads in that they are quite solid ways to understand what is *really* happening in the global economy, outside the confines of the general fiction that has become domestic government reports. Australian giant BHP Billiton...
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Fast Money Halftime Report (VALE, BHP, TEVA, GOOG, ADM, MOS)
Wednesday, February 10, 2010 - 2:08pm | 213The Fast Money Halftime Report just wrapped up on CNBC. Joe Terranova said that he thinks if you are going to trade oil futures and the energy sector that you need to be long. He said that you can maybe trade copper from the short side, however. Tim Seymour said that "the China story is not...
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Bernanke Comments Spook Market (DIA, UUP, AA, FCX)
Wednesday, February 10, 2010 - 11:50am | 101The market gave up modest gains after Federal Reserve Chairman Ben Bernanke discussed an exit plan this morning, which suggested the possibility of a a modest increase in the discount rate before long. This comment pressured the Dow Jones Industrial Average (NYSE: DIA), which gave up about 50...
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Benzinga’s Top Downgrades (SLT, PKY, SU, WEC, ENER, VTAL)
Wednesday, February 10, 2010 - 11:04am | 222Analysts at Argus downgraded Sterlite Industries India Ltd (NYSE: SLT) to “sell” from “buy.” SLT closed at $16.27 yesterday. Sterlite has been trading in the 52-week range of $4.23 - $20.10. Raymond James downgraded Parkway Properties (NYSE: PKY) to “underperform.” PKY closed at $17.35 yesterday....
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ETFs To Watch February 10, 2010 (EWI, BAL, OIH, MXI)
Wednesday, February 10, 2010 - 4:50am | 256Here is the ETF Professor's ETF Watch List for Wednesday February 10, 2010. Watch the iShares S&P North American Technology-Semicondctors ETF (NYSE: IGW) as both a possible long and short trade. If volume picks up and the 20-day moving average is broken to the upside, go long. If resistance...