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Fast Money Picks For January 20th (MTL, HPQ, FCX)
Tuesday, January 19, 2010 - 7:18pm | 115CNBC's Fast Money Tim Seymour thinks that selling Mechel OAO (ADR) (NYSE: MTL) is the best move for tomorrow. Mechel (MTL) gained 6.57% today and closed at $26.43. If Hewlett-Packard (NYSE: HPQ) gets hurt after International Business Machines Corp. (NYSE: IBM) reports its earnings, Guy Adami would...
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Southern Copper Corporation to Maintain Hold Rating in 2010 (PCU)
Tuesday, January 19, 2010 - 2:47pm | 112Citi analyst Alexander Hacking recommends a hold rating for Southern Copper Corporation (NYSE: PCU) as the demand for copper is likely to grow in the future. Also, demand of copper for structural purposes is set to grow in the years to come. Southern Copper Corporation produces and sells copper,...
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Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 24
Monday, January 18, 2010 - 4:21pm | 4125Year 3, Week 24 Major Position ChangesTo see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'.Cash: 48.3% (v 34.9% last week)26 long bias: 50.4% (v 64.5% last week) [Includes 1 option position]2 short bias: 1.3% (v 0.6% last week) 28...
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A View from the Bullish Side (Video)
Monday, January 18, 2010 - 3:24pm | 1475It is always constructive to look at the "other side" - if nothing else to see what the herd might be thinking. This is the first time I have heard of Ms. Thouin but in as much of a recovery as we do have, I do agree with her themes that it is going to be focused on the corporation, or Eastern...
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BMO Upgrades Freeport (FCX) to Outperform
Friday, January 15, 2010 - 8:39am | 125Analysts at BMO Capital have upgraded Freeport-McMoRan’s (NYSE: FCX) rating to Outperform from Market perform. The rating has been based on the performance and future opportunities for specialist copper miners. Genuine copper miners around the world have not had much to worry about, even in the...
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Most Asian Markets Roll Up On INTC Results
Friday, January 15, 2010 - 7:16am | 169Asian shares opened mixed today, with technology stocks leading the gainers. Asian technology stocks got a boost after Intel (NASDAQ: INTC) posted blowout Q4 results, despite the $1.25 billion legal settlement with Advanced Micro Devices (NYSE: AMD). While Japan's Nikkei 225 gained 0.3% and South...
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Company news for January 14, 2010 - Corporate Summary
Thursday, January 14, 2010 - 10:26am | 176• Goldman Sachs (NYSE:GS) said Apple (NASDAQ:AAPL) is likely to unveil its new iPhone as soon as June, with a more advanced camera and perhaps a touch-sensitive casing • Rio Tinto (NYSE:RTP) reported a 49% surge in iron ore production, beating its prior projections, to 47.2 million tonnes in the...
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IYT: Transport Provides Clues to Recovery
Wednesday, January 13, 2010 - 6:50pm | 508Investors typically favor stocks and sectors that they view as somehow glamorous or sexy. This could mean high-flying tech stocks like Apple (AAPL) or Google (GOOG) or high-beta commodities and materials stocks like Freeport-McMoRan (FCX). Such an approach can be rewarding, but if you’re looking...
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Southern Copper Corporation (PCU) Downgraded To Underperform
Wednesday, January 13, 2010 - 9:07am | 99Southern Copper Corporation (USA) (NYSE: PCU) was downgraded to Underperform from Neutral at Bank of America/Merrill Lynch. The share price for the company went down from $36.30 to $34.78. Southern Copper Corporation produces and sells copper, molybdenum, zinc, silver, lead, and gold worldwide....
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Jim Cramer’s Favorite For 2010 is Gold (GLD, FCX, EGO, GDXJ)
Monday, January 11, 2010 - 10:37am | 215Jim stuck to recommending gold stocks throughout his “Mad Money” show on January 8, as he disclosed his theme for 2010 as “going for the gold”. Cramer mentioned that gold has moved up 24% over the past year and may continue in the upward direction for some more time. He said that it is best to hold...
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BHP Billiton (BHP) Forges Ahead with Plans to Develop Their Own Potash Reserves
Thursday, January 7, 2010 - 2:53pm | 1658This is quite an interesting development as mining giant BHP Billiton (BHP) has been mentioned often as a suitor for one of the few, huge potash miners. Instead it appears (for now at least) the company is going to strike out on its own to develop potash assets. As long time readers know, a...
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Stock Market News for January 07, 2010 - Market News
Thursday, January 7, 2010 - 10:18am | 413U.S. stocks ended the day little changed as a mixed bag of economic data and caution ahead of the government’s employment report on Friday kept traders on the sidelines. The FOMC minutes did not sound too convincing on the economy’s upturn, and traders pondered over the economy’s direction. US...
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Commodity And Oil Prices Higher In 2010, Shares Move Up (FCX, AKS, GLD, GDX, CAL, AMR, DAL)
Monday, January 4, 2010 - 1:57pm | 303According to the International Monetary Fund (IMF) forecast, commodity prices are set to rise higher this year, with faster expansion in the global economy. The IMF stated that the industrialization of emerging countries supports consumption, as a result of which commodity prices might remain high...
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Freeport-McMoran Continues To Go Higher (FCX)
Monday, January 4, 2010 - 12:48pm | 161Freeport-McMoran Copper & Gold, Inc. (NYSE: FCX) had an amazing run in 2009 and the stock is 3.72% higher again today. The shares are currently trading at $83.32, which represents a one year return of 211%. According to Google Finance, "Freeport-McMoran Copper & Gold Inc. (FCX), through...
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Commodities, Tech Leading The Market Higher
Monday, January 4, 2010 - 11:19am | 130A lot of money has been moving into U.S. equity markets this morning. The Dow Jones Industrial Average is 136 points higher at 10,564 and the Nasdaq is up 34 points at 2,302. So where are the professionals placing their bets on the first trading day of 2010? The same place that they have been for...