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One-Time Charges Hurt Otherwise Decent Half for BHP Billiton Limited (BHP)
Tuesday, February 9, 2010 - 9:59pm | 159BHP Billiton Limited (NYSE: BHP), despite a $5.7 billion dip in profits for the first half of the fiscal year, topped forecasts when it reported earnings on Tuesday evening. Net profit for the six months (ended Dec. 31) was $6.14 billion, more than double the $2.62 billion the miner posted a year...
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Benzinga's Top ETF Decliners (EDZ, FXP, EEV, SMN)
Tuesday, February 9, 2010 - 6:40pm | 205Direxion Daily Emerging Markets Bear 3x Shares(ETF) (NYSE: EDZ) suffered a loss of 9.59% today on the news of a possible bailout for Greece. EDZ seeks daily investment results of 300% of the inverse (opposite) of the price performance of the MSCI Emerging Markets Index. ProShares UltraShort FTSE/...
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Benzinga's Top ETF Gainers (EDC, UCO, UYM, ERX)
Tuesday, February 9, 2010 - 6:21pm | 242The market bounced back after recent downturn and ETFs were there to follow. Commodity emerging market bull ETFs had the biggest gains today. Direxion Daily Emerging Markets Bull 3x Shares(ETF) (NYSE: EDC) jumped 9.25% as the MSCI Emerging Markets Index performed really well today, on the news of a...
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Teck Resources Limited (TCK) Reports Weaker-Than-Expected Results For The Fourth-Quarter
Tuesday, February 9, 2010 - 5:50pm | 113Analysts at RBC Capital Markets have released an update on Teck Resources Limited (NYSE: TCK). The company has reported weaker-than-expected results for the fourth-quarter. According to analysts, the weak results for the quarter have been mainly due to shortfalls at Teck Coal, and Trail, and...
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Freeport McMoran (NYSE:FCX) Is Ready To Push Higher
Tuesday, February 9, 2010 - 3:58pm | 142During the last eight trading sessions Freeport McMoran (NYSE: FCX) has bounced off the 200 day MA twice. The first time FCX bounced off of its 200 day MA the market was pricing in fears of a double dip recession for the United States and for fears of foreign debt in the Eurozone. Rumor has it that...
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BMO Views Compass Minerals (CMP) As Outperformer
Tuesday, February 9, 2010 - 10:52am | 39Analysts at BMO Capital Markets upgrade Compass Minerals (NYSE: CMP) from "market perform" to "outperform." The target price for CMP is set to $78. CMP shares have lost 4.58% in after hour trading.
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Late Day Reversal, Bullish Sign? (DJI, FCX)
Friday, February 5, 2010 - 7:12pm | 256Late in the day Friday, weakness in the dollar helped equities move higher and pare triple digit losses. The Dow Jones Industrial Average (DJI), which at one point was down more than 165 points, rallied to finish 10 points higher and close at 10,012. The Dow still recorded its fourth straight...
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Stock Market News for February 5, 2010 - Market News
Friday, February 5, 2010 - 10:22am | 461An unexpected rise in jobless claims and lingering sovereign debt issues in Europe resulted in a massive selloff on Thursday, sending the blue-chip Dow average below the 10,000 mark for the first time since November. Commodities plunged as jittery investors propelled the dollar to a more than...
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Worst Performing Narrow Indexes Today
Thursday, February 4, 2010 - 7:04pm | 222There was a lot of blood in the water today, and Agricultural, Chemical and Fertilizer Stocks, down 8.2%, Industrial Metals and Mineral Stocks, which fell 7.2%, and Solar Stocks led the way down. The Solar stock complex lost 6.7% on the trading session. Potash Corp. (NYSE: POT) had a terrible day,...
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Gartman: Commodity Stocks Are Broken (FCX, X, MT, SU)
Wednesday, February 3, 2010 - 7:44pm | 171Dennis Gartman said on Fast Money Wednesday evening that he believes some of the market's most important stock are broken based on their trading charts. Gartman is looking specifically at commodity names such as Freeport McMoRan (NYSE: FCX), U.S. Steel (NYSE: X) and Arcelor Mittal (NYSE: MT). He...
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Freeport McMoRan Edges Closer To Lucrative Deal (FCX)
Wednesday, February 3, 2010 - 2:51pm | 168The Democratic Republic of Congo is close to finalizing talks with Freeport McMoRan (NYSE: FCX) over the Tenke Fungurume copper project. The Democratic Republic of Congo's minister of mines told a World Bank official he expects to sign a contract with Freeport "in a week or so". Freeport is a...
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Pete Najarian Is Watching Freeport-McMoRan (FCX)
Tuesday, February 2, 2010 - 6:55pm | 76Pete Najarian said on CNBC's Fast Money that he has put Freeport-McMoRan (NYSE: FCX) on his radar. He thinks that investors should be careful, and should not rush in this stock. Pete Najarian is bullish on Freeport-McMoRan (FCX) only if it manages to break the barrier of $75. Freeport (FCX) added...
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The Markets Continue To Bounce As The Dollar Stalls Then Falls
Tuesday, February 2, 2010 - 2:29pm | 259The key to the market going up is simply a weaker dollar. Friday, the dollar, PowerShares DB US Dollar Index Bullish (NYSE: UUP) slammed into the 200 moving average resistance point. This clearly showed a turning point near term on the dollar to the downside. Monday the markets rallied as the...
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Company News for February 2, 2010 - Corporate Summary
Tuesday, February 2, 2010 - 10:30am | 309• Bank of America (NYSE:BA) upgraded ExxonMobil (NYSE:XOM) to "buy" from "neutral," with a price target of $82. • Bernstein initiated coverage of Visa (NYSE:V) and MasterCard (NYSE:MA), both with "outperform" ratings, and price targets of $104 and $325, respectively. • • Citigroup (NYSE:C)...
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Freeport McMoran And Alcoa Upgraded (FCX, AA)
Tuesday, February 2, 2010 - 10:15am | 144Citigroup upgraded both Freeport McMoran Copper & Gold (NYSE: FCX) and Alcoa Inc. (NYSE: AA) this morning. Shares of each were up more more than 2% in pre-market activity. Citigroup says their global commodity team has raised various base metals and bulk commodity price forecasts. They see...