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12-8-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Wednesday, December 8, 2010 - 12:12pm | 4427Matthew Craft, AP Business Writer Stocks open higher, bonds down on tax plan Stocks rise, Treasury bonds in steep fall, as investors weigh compromise tax-cut plan NEW YORK (AP) — The compromise backed by President Barack Obama and Republican leaders on extending tax cuts for two years is lifting...
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USGold Discovers New Gold Veins
Wednesday, December 8, 2010 - 11:09am | 145US Gold (NYSE: UXG) has found 3 gold-bearing veins near its El Gallo project in Sinaloa state, Mexico according to a US Gold report earlier today. Rob Mcewan, US Gold's chairman and CEO stated, "The discovery of these veins illustrates the exploration potential of US Gold's large land package...
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Session Pullback After Talk of Filibuster 12-07-2010
Tuesday, December 7, 2010 - 6:52pm | 848Cusick's Corner The end of day pullback came because there are headlines floating around that Democrats are already looking to block/filibuster the extension of Bush tax cuts. This is the headline risk that we are all going to have to manage in the foreseeable future. Energy will be in the...
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Market Reacts to Bush Tax Cut Extension 12-07-2010
Tuesday, December 7, 2010 - 6:50pm | 947Cusick's Corner One large uncertainty just got a lot more certain. Will the Bush tax cuts be extended? Well, we have 2 more years now and the market likes it. This will also start to put some more scrutiny on the jobs data because now businesses have a clearer understanding of the future tax...
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Benzinga's Top Upgrades (GFI, NVS, VE, TEL)
Tuesday, December 7, 2010 - 1:53pm | 136Gold Fields Ltd (NYSE: GFI) was upgraded by HSBC from "neutral" to "overweight." GFI's shares closed at $18.13 yesterday. Gold Fields' quarterly revenue surged 22.10% y/y. Credit Suisse upgrade Novartis AG (NYSE: NVS) from "neutral" to "outperform." NVS' shares closed at $54.50 yesterday. Novartis...
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RBC Capital Upgrades AUY To Outperform; Raises PT From $14 To $18
Tuesday, December 7, 2010 - 8:58am | 26RBC Capital is upgrading Yamana Gold, Inc. (NYSE: AUY) to Outperform today while raising its PT from $14 to $18.
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HSBC Upgrades GFI To Overweight
Tuesday, December 7, 2010 - 8:12am | 40Analysts at HSBC upgrade Gold Fields Limited (NYSE: GFI) from "neutral" to "overweight." GFI's shares gained 0.06% to close at $18.13 yesterday. More Analyst Ratings here
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Stock Market News for December 6, 2010 - Market News
Monday, December 6, 2010 - 9:43am | 566Investors brushed aside a disappointing jobs report that threatened to stall the December rally, sending stocks marginally higher and keeping hopes afloat that there's still room for a further rally. Although the November jobs report disappointed on every count – unemployment rate unexpectedly shot...
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Stock Market News for December 6, 2010 - Market News
Monday, December 6, 2010 - 9:18am | 566Investors brushed aside a disappointing jobs report that threatened to stall the December rally, sending stocks marginally higher and keeping hopes afloat that there's still room for a further rally. Although the November jobs report disappointed on every count – unemployment rate unexpectedly shot...
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Benzinga's Top Pre-Market NASDAQ Losers (LTXC, CISG, INVE, GOLD)
Monday, December 6, 2010 - 9:03am | 105LTX-Credence Corporation (NASDAQ: LTXC) tumbled 6.63% to $7.89 in the pre-market session. LTXC's trailing-twelve-month ROA is 4.26%. CNinsure Inc (NASDAQ: CISG) lost 6.17% to $15.75 in the pre-market session. CISG announced plans to repurchase US shares worth $100 million. Identive Group Inc (...
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Top 4 Stocks In The Gold Industry With The Highest Dividend Yield (BVN, HMY, GFI, NEM)
Monday, December 6, 2010 - 4:49am | 126Below are the top gold stocks on the NYSE and the NASDAQ in terms of dividend yield. Compania Mina Buenaventura SA (NYSE: BVN) has a dividend yield of 1.10%. BVN's shares closed at $53.17 on Friday. Harmony Gold Mining Co Ltd (NYSE: HMY) has a dividend yield of 1.10%. HMY's shares closed at $12.41...
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Newmont To Appeal South Jakarta Court Filing
Thursday, December 2, 2010 - 9:04am | 146Deutsche Bank has published a research report on Newmont Mining (NYSE: NEM) after the company updated it's status on the Indonesian ruling, which has elicited a good entry point for the company. In the report, Deutsche Bank writes "Newmont (NEM) will appeal a South Jakarta District court ruling...
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Mad Money Lightning Round OT: Cramer Is A Seller Of KERX (CELG, KERX, PRGO, JNJ, RBY, AEM)
Tuesday, November 30, 2010 - 7:48pm | 195On CNBC's Mad Money Lightning Round OT, Jim Cramer said that he is a seller of Keryx Biopharmaceuticals (NASDAQ: KERX), because Celgene Corporation (NASDAQ: CELG) is a better stock to buy. Celgene Corporation (CELG) fell 0.85% today, and Keryx (KERX) gained 1.87%. Cramer likes Perrigo Company (...
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Kinross Invests $10 Million in Developing Mining School in Mauritania
Tuesday, November 30, 2010 - 11:38am | 68Kinross Gold Corporation (NYSE: KGC) today announced that it is committing US$10 million in funding over the next three years to assist the government of Mauritania in establishing a new mining school that will develop a pool of skilled in-country professionals and technical experts to support the...
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Benzinga's Top Upgrades (OFC, KGC, C, POL)
Tuesday, November 30, 2010 - 8:35am | 154Corporate Office Properties Trust (NYSE: OFC) was upgraded by Wells Fargo Securities from "underperform" to "market perform." OFC's shares closed at $33.90 yesterday. Shares of Corporate Office Properties have moved down 4.56% year-to-date. Analysts at Credit Suisse upgrade Kinross Gold Corporation...