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Earnings Preview: Freeport-McMoran Copper & Gold EPS, Revenue Expected to Rise from Previous Quarter
Monday, July 18, 2011 - 1:55pm | 510Freeport-McMoran Copper & Gold (NYSE: FCX) earnings are coming up! Don't miss out: The company unveils its next round of earnings this Thursday, July 21, 2011. Need to cram before Thursday's earnings release? We've got just the thing. Here's an advanced look at Freeport-McMoran Copper &...
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WANTED: Buyers 07-18-2011
Monday, July 18, 2011 - 12:26pm | 1059Cusick's Corner Buyers Wanted. The market cannot find a bid and sliced through support, 1300 on the S&Ps, and into the midday traders are waiting to see if a bid shows up in any segment other then bonds. With the Moody's news, battle on Capitol Hill, and continued EU debt risk, the shorts are...
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Gold Miners Soar, Are They Extended?
Monday, July 18, 2011 - 9:18am | 174All of the leading gold mining stocks have soared higher over the past month. This morning, the popular Market Vectors Gold Miners ETF(NYSE: GDX) is trading higher by $1.01 to $60.75 a share. The move in the the GDX has been nothing short of sensational, however, price is now very extended, and...
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Top Performing Industries For July 18
Monday, July 18, 2011 - 9:13am | 174At 10:10 am, the Dow fell 1.17% to 12,333.96, the broader Standard & Poor's 500 index moved down 0.99% to 1,303.08 and the NASDAQ composite index dropped 1.05% to 2,760.50. The industries that are still afloat in the market today are: Silver: This industry jumped 2.29% by 10:10 am. The top...
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Benzinga's Top Pre-Market Gainers
Monday, July 18, 2011 - 6:54am | 112Newmont Mining Corporation (NYSE: NEM) shares advanced 0.84% to $57.86 in the pre-market session. NEM's trailing-twelve-month operating margin is 43.71%. EOG Resources Inc (NYSE: EOG) shares advanced 0.41% to $101.60 in the pre-market session. Analysts at FBR Capital upgraded EOG Resources from “...
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Hot stock picks for next week
Friday, July 15, 2011 - 5:21pm | 2029( click to enlarge ) Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) is forming a cup and handle pattern on the daily chart, indicating a break higher possible. RRGB may still drift down further and that remains the risk here. At this point, the stock needs to show a sign of strength above the...
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Credit Suisse Updates 7/15/11
Friday, July 15, 2011 - 6:36am | 869Credit Suisse made a number of updates in a research report published today. Freeport-McMoRan Copper & Gold (NYSE: FCX) had its rating assumed with an Outperform rating and a price target of $75. On Thursday, FCX lost 1.17% of its value to end the day at $54.25. Its shares continued to slide...
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IAMGOLD Files Final Base Shelf Prospectus for Renewal of Existing Facility
Thursday, July 14, 2011 - 11:03am | 153IAMGOLD Corporation (NYSE: IAG) today announced it has obtained receipt for a final short form base shelf prospectus further to its filing of a preliminary short form base shelf prospectus previously announced on June 30, 2011. Both documents have been filed with the securities regulators in each...
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Active Screen - CANSLIM: Top 8 for July 14th
Thursday, July 14, 2011 - 10:35am | 1466There was no change in the top-8 qualifying stocks from June 28th. The CANSLIM stock screener settings employed were: Top of the list remained Apple (AAPL). It continued its rally off channel support, not pausing as it broke through channel resistance. It is currently knocking at the door of the...
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Bernanke Just Hurt Chances Of Near Term QE3
Thursday, July 14, 2011 - 10:02am | 573Federal Reserve Chairmen Ben Bernanke just hurt the chances of a near term QE3 by saying, "We are not prepared at this point to take further action." Bernanke has said that he is not sure if a third round of QE would even work, given the potential consequences for it, such as higher inflation,...
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Dahlman Rose Provides Color on Goldcorp
Thursday, July 14, 2011 - 2:25am | 176Dahlman Rose provided color on Goldcorp (NYSE: GG). In a research report published today, Dahlman Rose commented on the acquisition of Primero Mining by Northgate Minerals (NYSE: NXG). In the report, Dahlman Rose states, “Goldcorp has agreed to support the proposed transaction by which Northgate...
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Stocks to Watch for Thursday 7/14/2011: Fresh 52 Week Highs and Lows
Thursday, July 14, 2011 - 1:29am | 1820Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Wednesday's trading session (listed from highest total volume to lowest): 1) SPDR Gold Shares (NYSE: GLD):...
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Benzinga's Top ETF Gainers, July 13th (AGQ, NUGT, EDC, GDXJ)
Wednesday, July 13, 2011 - 5:46pm | 226ProShares Ultra Silver (ETF) (NYSE: AGQ) spiked 11.31% on Wednesday as silver futures traded higher. AGQ closed at $197.78, and had a volume of 3.02M traded shares. Direxion Daily Gold Miners Bull 2X Shares (NYSE: NUGT) gained 6.89% today, and it closed at $34.90. Goldcorp Inc. (USA) (NYSE: GG),...
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Summer Swing 07-13-2011
Wednesday, July 13, 2011 - 5:05pm | 850Cusick's Corner The reversal in the market pulled off all gains we saw in the Midday -- told you it's an interesting week. This also highlights that tightening risk is very important going into the end of this week. I am not surprised that there was a flight for safety or aversion to adding risk...
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Dollar down, Market up 07-13-2011
Wednesday, July 13, 2011 - 2:11pm | 980Cusick's Corner Thanks Uncle Ben. The Fed chief spoke and the market interpreted his comments as well, bullish (QE3?). You got to love expiration week, the week when anything can happen. Back when I was on the trading floor, during Expiration week we wanted risk tied up by Wednesday so that if we...