-
Top 4 Stocks In The Nonmetallic Mineral Mining Industry With The Highest Cash (NGD, IPI, HWD, AHGP)
Thursday, July 29, 2010 - 5:39am | 151Below are the top nonmetallic mineral mining stocks on the NYSE, the AMEX and the NASDAQ in terms of cash. New Gold Inc (AMEX: NGD) had $343.71 million in total cash for the latest quarter. NGD’s total debt for the same period amounted to $217.70 million. Intrepid Potash Inc (NYSE: IPI) had $113.89...
-
Tech Looking Potentially Overbought 07-28-2010
Wednesday, July 28, 2010 - 7:04pm | 846Cusick’s Corner The day came off its worst levels, with some short covering into the close. While today’s action was not that enlightening, the economic data, specifically durable goods, did reveal that the investing and trading public at large is still on the sidelines concerning the potential for...
-
Agnico-Eagle Reports Record Quarterly Revenue
Wednesday, July 28, 2010 - 4:47pm | 162Agnico-Eagle Mines Limited (NYSE: AEM) today reported a record quarterly net income of $100.4 million, or $0.64 per share, for the second quarter of 2010. This result includes a non-cash foreign currency translation gain of $17.4 million, or $0.11 per share, as well as a one-time tax recovery of $...
-
Agnico-Eagle Beats on Top and Bottom Lines (AEM)
Wednesday, July 28, 2010 - 4:47pm | 171Agnico-Eagle Mines Ltd. (NYSE: AEM) reports Q2 earnings of $0.63 versus estimates of $0.39. Agnico-Eagle Mines Ltd. reports Q2 revenues of $353.9 million versus estimates of $342.01 million. The company said the Q2 gold output was a record, at 257,728 oz. The average Q2 total cash cost per oz of...
-
Shutterfly Inc. Reports Earnings; Shares Trade Down (SFLY)
Wednesday, July 28, 2010 - 4:14pm | 98Shutterfly Inc. (NYSE: GG) reports Q2 earnings loss of $0.22 versus estimates of a $0.30 loss. Shutterfly Inc. reports Q2 revenues of $46.8 million versus estimates of $45.23 million. Revenues increased 20% year over year. "Shutterfly continues to gain momentum and enhance our competitive position...
-
Treasury Auction Results Adding Negative Tone 07-28-2010
Wednesday, July 28, 2010 - 3:10pm | 829Cusick’s Corner The markets pulled back from their overnight highs, only to hold key support in the morning and waffle around breakeven into the Midday. This action, once again, comes under low volume. Hitting the headlines now -- current treasury auction results were better than expected in the 5...
-
Everyday isn’t the Same
Tuesday, July 27, 2010 - 7:26pm | 648As Mario posted earlier today, what a boring day to trade. Sure there were some pockets of opportunity in Newmont (NEM), Research in Motion(RIMM), and the gold sector to name a few. But I think today taken in the context of yesterday was a great educational experience. One of the hardest things...
-
Trucking Tonnage Falls in June But Remains 7.6% Above June Last Year
Tuesday, July 27, 2010 - 4:58pm | 318ARLINGTON, VA -- "The American Trucking Associations’ advance seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 1.4 percent in June, although May’s reduction was revised from 0.6 percent to just 0.1 percent. May and June marked the first back-to-back contractions since March and...
-
Benzinga's Top ETF Decliners (AGQ, UCO, DGP, GDX, XHB)
Tuesday, July 27, 2010 - 4:36pm | 255ProShares Ultra Silver (ETF) (NYSE: AGQ) traded lower today, along with silver futures. AGQ dropped 5.34% and closed at $55.98, while silver fell approximately 2.7%. ProShares Trust ProShares Ultra DJ-UBS Crude Oil (NYSE: UCO) dropped 3.79% and closed at $9.90. Oil traded lower today as consumer...
-
Gold Continues To Turn To Dust For Retail Longs
Tuesday, July 27, 2010 - 12:11pm | 395The collapse of gold continues as the SPDR Gold Trust (NYSE: GLD) is trading at $113.64, down -1.88 (-1.63%). Stocks like Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), Randgold Resources Ltd. (ADR) (NASDAQ: GOLD) and Agnico-Eagle Mines Limited (USA) (NYSE: AEM) are all getting hammered....
-
Gold Miners Near Attractive Levels
Tuesday, July 27, 2010 - 10:56am | 271The Market Vectors Gold Miners ETF (NYSE: GDX) have topped out on June 28th around the $54.00 level. Since that time this basket of gold mining stocks has declined sharply and is now trading around the $47.67 area. On July 19th the GDX found support and bounced at $46.99. This area still looks to...
-
Talking Ex-Div. 07-23-2010
Friday, July 23, 2010 - 6:59pm | 769Cusick’s Corner The reality of today’s EU stress test results is that we really do not know what to take from them. Everyone is taking the results with a grain of salt and will be watching for any shift, especially if the economic picture shifts negative. Next week there are a lot of stocks going...
-
Junior Gold Miners Versus The Big Producers
Friday, July 23, 2010 - 4:19pm | 3658As we see the in-flux of “born again” gold-bugs among mainstream market commentators, there has also been a commensurate increase in articles about the gold miners. Many “experts” who only a couple of years ago were shunning gold as a “barbarous relic” now feel qualified to “recommend” individual...
-
Not Stressed? 07-23-2010
Friday, July 23, 2010 - 3:25pm | 814Cusick’s Corner The midday trade is tight and there is no directional bias at this stage of the trading day. The stress test results (for the most part) were a non-event and really did not give traders a better view that could potentially influence positioning. Tech looks potentially poised for a...
-
Kinross Agrees in Principle to Sell Diavik Interest (KGC, HWD)
Friday, July 23, 2010 - 9:13am | 141Kinross Gold Corporation(NYSE: KGC) announced today that it has reached an agreement in principle with Harry Winston Diamond Corporation(NYSE: HWD), pursuant to which Kinross will sell its 22.5% interest in the partnership holding Harry Winston's 40% interest in the Diavik Diamond Mines joint...