All Posts Tagged With: "FCX"
(CAT) Stock Market News for January 28, 2011 – Market News
Technology stock earnings results helped the markets close higher on Thursday’s trade after mixed economic data failed to push the markets up to new highs. The Dow fell from the psychological 12,000 mark it had touched Wednesday, the highest since June 2008.
(AA) Stock Market News for January 14, 2011 – Market News
On Thursday, markets ended marginally lower and shed gains from the previous session. The dismal show of the indices yesterday was primarily due to disappointing economic data. However, successful bond auctions in Europe somewhat soothed investors’ frayed nerves.
(AA) Stock Market News for November 3, 2010 – Market News
Stocks advanced broadly on Tuesday as investors turned their focus toward the results of mid-term elections and a two-day Federal Reserve meeting that is expected to unveil more measures to revive the economy. The advance sent the Dow average to its highest close in more...
(BP) U.S. Industrial Production Up Again in August
Total Industrial Production rose by 0.2% in August, which was a tick less than the 0.3% rise that was expected. It was also slower than the 0.6% rise in July. The July number was revised down from a 1.0% increase, but June was revised to an increase of 0.1%...
(MT) Metals and Mining Review – September 2010 – Industry Outlook
Overview
The Metals & Mining Industry encompasses the extraction (mining), as well as the primary and secondary processing of metals and minerals such as aluminum, gold, precious metals, coal and steel. The industry is oligarchic in structure,...
(OTTR) April Industrial Production Reports Higher Production, Better Utilization
In April, Industrial Production rose 0.8%, which was in line with consensus expectations. The revisions to previous months’ data was more or less a wash, with growth being revised up in March by 0.1% to 0.2%, and for January it was revised up by 0.2%...
(F) Metals & Mining Outlook & Review – May 2010 – Industry Outlook
The Metals & Mining Industry encompasses the extraction (mining), as well as the primary and secondary processing of metals and minerals. The industry is oligarchic in structure, with a few producers accounting for the lion’s share of production.
Geographically,...
(FCX) Freeport-McMoRan Copper & Gold Net Income Shoots Up
Freeport-McMoRan Copper & Gold Inc. (FCX) reported net income of $897 million or $2.00 per share in the first quarter of 2010, beating the Zacks Consensus Estimate of $1.92 per share. Earnings improved...
(FCX) U.S. Industrial Production Inches Higher
In March, total Industrial Production rose by 0.1%. While that is a slowdown from recent growth rates, and far below consensus expectations of 0.7% growth, if one looks beyond the headline number, it is actually a fairly positive report.
For starters,...
(FCX) Freeport-McMoRan Copper & Gold Earns Positive Rating From Fitch
Freeport-McMoRan Copper & Gold Inc. (FCX) shares rose 1.6% or $1.26 to close at $79.17 in after-trade hours after Fitch Ratings Services affirmed the issuer default rating and debt ratings of the world’s...
(FCX) Producer Price Index Falls More Than Expected
In February, the Producer Price Index (PPI) fell by 0.6%, a far bigger decline than the 0.2% drop expected by the consensus of forecasts. However, all of the decline came from a bigger-than-expected fall in Energy prices. The core index, which strips out...
(LZB) Institute for Supply Management Manufacturing Index Soars
The Institute for Supply Management’s survey of the Manufacturing sector of the economy rose by 3.5 points to 58.4 in January from 54.9 in December. That far exceeded consensus expectations for an increase to 55.5. It...
(FCX) Freeport-McMoRan Copper & Gold Outperforms Expectations
The world’s largest publicly traded copper company, Freeport-McMoRan Copper & Gold Inc. (FCX), reported fourth-quarter 2009 earnings of $2.15 per share, ahead of the Zacks Consensus Estimate of $1.59...
(AEP) Industrial Production Rises
Industrial Production rose by 0.6% in December, matching both the revised November increase (previously 0.8%) and consensus expectations. However, when you dig just a bit below the surface, the report was weaker than expected.
Manufacturing output actually declined...
(BHI) Stock Market News for January 07, 2010 – Market News
U.S. stocks ended the day little changed as a mixed bag of economic data and caution ahead of the government’s employment report on Friday kept traders on the sidelines. The FOMC minutes did not sound too convincing on the
7Jan2010 | vitalstocks | 0 comments | Continued(F) Metals & Mining Stock Review – January 2010 – Industry Outlook
The Metals & Mining Industry encompasses the extraction (mining), as well as the primary and secondary processing, of metals and minerals. The industry is rather concentrated in structure, with a few producers accounting for the lion’s share of sales.
Geographically,...
($F) Expect Strong Earnings Growth in 2010 – Earnings Trends
Key Points:
• Earnings Surprise Ratio (#beat/#miss) at 5.286, almost double normal
• Median Earnings Surprise 7.07%, very strong
• Year-over-year Earnings Growth Ratio (# Pos Growth/# Neg Growth) at 0.83
(GOOG) Deep-in-the-Money Investing: Missed the Market’s Run? Here’s a Second Chance
by Karim Rahemtulla, Options Expert
Tuesday, December 1, 2009: Issue #1148
Take...
(FCX) Weak Dollar has put a bid into commodities – driving shares of resources companies
Freeport McMoran Copper Gold Co. (FCX) recently hit another 52-week high above $87 as both gold and copper continue to surge, with gold generating a buzz on the Street while approaching the $1,200 level. Shares...
(BA) Durable Goods Orders Drop
Durable Goods Orders Drop
In October, new durable goods orders fell by 0.6%, partially reversing a 2.0% rise in September, which in turn was a partial reversal of a 2.7% decline in August. Year to date, new durable goods orders are 23.0% below...
(BA) Federal Reserve Gives Clear Message
The minutes of the Federal Reserve meeting of November 3rd and 4th were released yesterday. The clear message of the minutes is that short-term rates are going to stay very low for a long time to come. Below is the summary of the participants’ view of the economy,...
(FCX) Economists See No Inflation Problem
Analytically, there are three components to an interest rate. The first is the risk that the money will not be paid back. This is a very big factor when dealing with corporate bonds, especially junk bonds. For the U.S. government’s obligations, as the owner of a nice...
(FCX) Freeport McMoRan Outperforms
Freeport McMoRan (FCX), the large-cap global mining company, reported its third quarter earnings earlier today. The company reported earnings of $2.07 per share compared to $1.31 per share in the third quarter of 2008. This handily beat the Zacks Consensus...
(SPY) Gold Miners’ Margin Problem – Zacks Industry Rank Analysis
As gold sets new highs, it would only be natural to assume that profit forecasts for gold mining companies would be soaring too. Surprisingly, profit forecasts are not jumping.
Though some brokerage analysts have raised their full-year projections in recent...
(NUE) Inflation? What Inflation?
In September, the Producer Price Index (PPI) fell 0.6% on a headline basis, while excluding food and energy it was down 0.1% for the month. This is in fairly distinct contrast to August, where the PPI rose 1.7% on a headline basis and 0.2% for the core.
Year over year,...
(FCX) Industrial Production Capacity Utilization Improves
In September, total Industrial Production rose by 0.7% from August — its third straight monthly increase after a string where it was down 17 of 18 months. Total Capacity Utilization also climbed to 70.5%, up from an upwardly revised 69.9% (originally 69.6%) in August. While...
(FCX) These two stocks continue to hit new highs – Charting Zacks Elite Stocks
Freeport McMoran Copper & Gold Inc. (FCX) took a hit with the overall market in the big sell off of late 2008 and early 2009, but shares have since recovered nicely and posted big gains after bottoming out in early March. More recently shares have been...
(PCU) Dr. Copper: Sending Pullback Signal?
Copper has long been called the “metal with the PhD” or the “smart” metal because of its apparent ability to predict changes in the economy based on metal demand and pricing. Copper is used in many industrial capacities, but especially in piping in...
(FCX) Leading Economic Indicators Higher
In August, the Conference Board’s Index of Leading Economic Indicators (LEI) rose 0.6%, following gains of 0.9% in July and 0.8% in June. This was slightly below the 0.7% consensus expectation, but on the other hand, the July number was revised up from 0.6%, so the gain...
(HPQ) Stock Market News for August 20, 2009 – Market News
A sharp rebound in Chinese shares helped erase yesterday’s slump and sent Asian stocks sharply higher Thursday, a day after Shanghai’s big fall ignited fears of a Chinese stock collapse and triggered a selling spree around the world. Asian markets also...