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Industry Outlook: Metals & Mining Sector

Thu, 14 May 2009 13:39:16 GMT

Overview - Neutral OPPORTUNITIES The overall metals industry structure is rather concentrated, with a few producers making a high proportion of sales. There is higher consumption of metals in the Asia-Pacific region, especially China and India. This is due to per capita consumption rising towards U.S./European levels, which could theoretically double metals demand in these regions in the longer-term. There are vastly improved balance sheets with solid liquidity, which is starting to create some merger and acquisition activity, as it is cheaper to buy assets than mine for them. Production cuts of up to 35% are occurring to keep operating rates in the low-80s and keep the market balanced. As of now, this has not had significant positive impact, but it may have kept the market from[More...]

The Meek Continue To Dominate Equities

Mon, 27 Apr 2009 05:49:10 GMT

Early in April after a month long run off the bottom I posted a list of equities that gained at least 60% in the preceding 4 weeks (Apr 5: The Meek Shall Inherit the Earth: 92 Stocks Over $10 Returning 60%+) The list was a whose who of beaten down merchandise. Generally, by week 4-5 of an oversold rally these type of names begin to peter out but the ramp has been relentless in lower quality, low price stocks. My gut tells me quant (and other varieties) of hedge funds have been shorting these names, using fundamental reasons - expecting some pullback after huge runs - only to be run over again and again even in week 6 and 7 of this rally. All it takes nowadays is saying "business has stabilized at the worst levels we've seen in decades" to elicit glee and massive short covering rallies. While the market was flattish last week, I[More...]

Market Report For Friday: Apr 17, 2009

Fri, 17 Apr 2009 13:00:45 GMT

(7:11am ET) There was plenty of economic data released in the US during the day; however the equity market sidetracked until 2pm ET, when with prices at modest losing levels on the week until that point, suddenly, and for no discernable reason, there was a rally that left the indexes with small gains through Thursday. Perhaps traders were anticipating a positive quarterly report from Google (GOOG +2.4% on +151% of average daily trading volume)? After the close, the company did not disappoint, beating both revenue and EPS estimates. The company posted net income of $1.42 billion ($5.16/share), up +8% from the $1.31 billion ($4.84/share) recorded during the same period a year ago. Revenue for 1Q2009 increased +10% to $4.07 billion, from $3.7 billion, excluding traffic acquisition costs. On average, analysts had expected earnings per share of $4.93 and revenue of $4.08 billion, according to Yahoo Finance. For the first[More...]

Daily Report For Thursday, Apr 16, 2009

Thu, 16 Apr 2009 13:36:24 GMT

(8:25am ET) The main focus of traders today will be the 1Q2009 earnings report from JP Morgan (JPM), and the close scrutiny of the data and hype that will follow. After hitting a low of $14.93 in early March, JPM has rallied +118.1% to yesterday’s close of $32.56. There was a high of $34.15 on Tuesday. http://tinyurl.com/da6dcv JP Morgan reported Q1 net income of $2.14 billion, or $0.40/share, down -10% from a year earlier, but beat analysts' expectations. Revenue increased +48% to $25.03 billion. WSJ reported that CEO Jamie Dimon said the firm extended about $150 billion in new credit to consumer and corporate customers during the quarter. With a last hour rally spurred by the real estate investment trusts (REITS) ($DJR +8.7%) and Banks ($BKX +5.1%) in the Financial sector (XLF +4.8%), the US equity[More...]

Daily Report For Tuesday, Apr 14, 2009

Tue, 14 Apr 2009 14:18:59 GMT

(9:30am ET) Stocks in NY sank at the open following various negative reports from TV talking heads, though trade volume was weak on the Easter Monday. After the close, Goldman Sachs surprised with unusually positive revenue and earnings. Today, President Obama will be making a speech on the state of the economy. Traders are confused. Yesterday was pretty much a lost day in the market. Very little of consequence happened. By the close, the DJIA’s small loss (-25.57 -0.32% to 8057.81) offset the small gain in the S&P (+2.17 +0.25% to 858.73), while the NASDAQ (+0.77 +0.05% to 1653.31) was flat. The Toronto Composite (+98.50 +1.07% to 9285.6) and the Toronto Venture Board (+11.89 +1.23% to 980.86) were stronger as the metal miners and goldminers enjoyed a good day. Except for Japan’s Nikkei 225 index (-0.92% to 8842.7), prices today were strong in the major international equity markets: Australia (+2.22% to[More...]

Daily Report For Tuesday: Apr 7, 2009

Tue, 07 Apr 2009 13:31:58 GMT

(8:05am ET) Stocks closed Monday's session in NY lower on a lightly-traded day, but much higher Week over Week. Through Friday, the major market indexes saw their largest four-week gains in seventy-six years. Now the market is preparing for 1Q2009 earnings season, which gets underway today with Alcoa (AA). On Monday, the DJIA (-41.74 -0.52% to 7975.85), S&P (-7.02 -0.83% to 835.48), and NASDAQ (-15.16 -0.93% to 1606.71) could not make headway against concerns the major banks may be preparing to release negative quarterly reports. The Toronto Composite (-49.59 -0.55% to 9016.17), and Venture Board (-12.42 -1.27% to 963.17) were also down on the day, but higher Week over Week. In international equity markets today, the closing prices showed losses except for Shanghai China (+0.80% to 2439.2): Australia -1.30% to 3648.5; Hong Kong -0.46% to 14929.0; India -1.80% to 10534.9; and Japan -0.28% to 8832.9. At 7:30am ET,[More...]

Daily Report For Wednesday, Apr 1, 2009

Wed, 01 Apr 2009 14:53:00 GMT

(8:07am ET) In his absence, Bill has asked the CTAB traders fill in for him today and maybe tomorrow as well. Bill was having connectivity and other related computer issues early Tuesday morning. Perhaps the Conficker worm virus programmed to be unleashed April 1, began slithering through the Bahamas a little ahead of schedule. The final trading day of the month opened higher, with aggressive traders nimbly positioning themselves for further short gains, after a late afternoon bounce Monday, anticipating large money managers to “mark up” equities boosting their quarter end returns. This strategy paid off nicely as the S&P future rose to 807, nearly 4% off Monday’s late afternoon low of 776. However, traders expecting prices to close near the highs were disappointed, as stocks peaked near 3pm eastern, giving up a significant portion of the day’s gains. The DJIA finished up 86.9 (+1.15%) closing at 7608.92,[More...]

Daily Report For Friday, Mar 27, 2009

Fri, 27 Mar 2009 13:32:35 GMT

(8:36am ET) On Thursday, the upbeat earnings report of (Cara 100) Best Buy (BBY) served to lift the market at the open. Technologies stocks later were the basis of a closing hour rally. At the close, the DJIA (+174.75 +2.25% to 7924.56), S&P 500 (+18.98 +2.33% to 832.86), and NASDAQ (+58.05 +3.80% to 1587.00) gained for the third day in four this week. The Toronto Composite (+198.06 +2.25% to 8995.50) was in line with NY, but the Toronto Venture Board (+24.98 +2.63%to 974.02) also rallied. In the US equity market, the big winners were the Industrials (XLI +5.4%), Consumer Disretionary (XLY +4.6%) and Basic Materials (XLB +4.0%). All ten sectors were winners, but the laggards on this day were Energy +0.9% and Financials (XLF +1.2%). Within the many industry groups, there were a broad section of technology groups that were on the leader board. Lagging a bit were the Goldminers ($XAU[More...]

How To Best Invest In Gold

Thu, 26 Mar 2009 00:09:00 GMT

Everybody is ranting and raving about the value of gold these days, and with good reason since the U.S. is printing money at an alarming rate. Setting politics aside along with the argument over whether we need the large influx of fresh bills or not, a natural consequence of President Obama’s policies - and President Bush’s to a lesser degree before him - is going to be inflation, and possibly even hyperinflation. That’s part of the reason why gold is mostly heading north these days. Yeah, there will be pullbacks along the way, but overall, don’t expect gold to slump anytime soon. That foresight might give all the reason in the world to buy gold, but it opens up a whole new can of worms in its place. For example, should you invest in gold bullion? Gold coin? Gold mining stocks? What are the risks of each? And what are the potential rewards? Here’s a rundown of some of the more common ways of investing[More...]

Daily Report For Friday, Mar 13, 2009

Fri, 13 Mar 2009 15:55:00 GMT

(9:48am ET) Equity market prices lifted pretty much from start to finish of Thursday’s session. Retail Sales, Jobless Claims and Business Inventories and comments from Barney Frank and Tim Geithner played a role in the general bullishness. The latter made comments on the dangers of ending the mark-to-market rule and instead believe subtle changes could be made in an effort to improve it. Pfizer (PFE) made a big splash with the announcement its Phase III trial of Sutent was stopped early as the drug showed a significant benefit in patients with pancreatic cancer. At the close, the DJIA (+239.66 +3.46% to 7170.06), S&P 500 (+29.38% to 750.74) and NASDAQ (+54.46 +3.97% to 1426.10) were up sharply for the second day in the past three. The Toronto Composite (+271.25 +3.39% to 8282.27) and Venture Board (+19.52 +2.37% to 843.42) were almost as strong. The winning sector by a wide margin was[More...]

36 die in South Africa gold mine fire

Tue, 02 Jun 2009 01:27:00 GMT

36 die in South Africa gold mine fire[More...]

"World's Greatest Investment Event" to Feature Summit on America's Future

Wed, 02 Sep 2009 17:49:00 GMT

Hundreds of today's most active individual investors are heading once again to New Orleans, for an annual event that has, now in its 35th year, gathered the world's most celebrated and successful experts to share their advice and top recommendations.
This year's event -- being held from October 8-11 at the Hilton New Orleans Riverside -- is no exception, as the 2009 New Orleans Investment Conference features a blockbuster agenda with some of the biggest names in economics, geopolitics and investing.
Additional faculty who will be represented at the 2009 New Orleans Investment Conference include:

[More...]

StreetInvesting.Com Free Research on VNO, DVN, CFR, HMY, IVZ and WLL

Wed, 22 Jul 2009 14:19:00 GMT

Investors seeking the best unbiased research on Vornado Realty Trust (NYSE: VNO), Devon Energy Corporation (NYSE: DVN), Cullen/Frost Bankers Inc. (NYSE: CFR), Harmony Gold Mining Co. Ltd. (NYSE: HMY), Invesco Ltd. (NYSE: IVZ) and Whiting Petroleum Corp. (NYSE: WLL) should sign up to StreetInvesting.com today to gain free access to the most educational research reports on the web.
Click Below to Sign up for a free 6 to 8 page report on any of the 6 companies mentioned in this release.
Corporate Analysis -- Financial Reporting -- Sector & Industry Scrutiny -- Buy, Hold, Sell Opinion -- Technical Summary

[More...]

WallStSense.Com Free Research Report for Shareholders of EOG, HMY, RRC and TUP

Thu, 02 Apr 2009 14:07:00 GMT

W.S.S. is an online community with a dedicated team of analysts who are providing free in-depth research on North American equities.
Our analysts have issued free ratings reports on the following four companies: EOG Resources Inc. (NYSE: EOG), Harmony Gold Mining Company Limited (NYSE: HMY), Range Resources Corporation (NYSE: RRC) and Tupperware Brands Corporation (NYSE: TUP).
Click the link below to gain access to these free reports, no credit card is needed, just click the link below and start gaining access to this one of a kind research.

[More...]

Zacks Bull & Bear of the Day Highlights: Harmony Gold, Celanese Corp., Macy's, Best Buy and Kohl's

Wed, 25 Mar 2009 10:51:00 GMT

Zacks Equity Research picks Harmony Gold Mining Company Limited (NYSE: HMY) as Bull of the Day and Celanese Corp. (NYSE: CE) as Bear of the Day.
In addition, the analysts at Zacks Equity Research discuss the latest on Macy's (NYSE: M), Best Buy (NYSE: BBY) and Kohl's (NYSE: KSS).
Full analysis of all these stocks is available at: http://at.zacks.com/?id=2678

[More...]

Holzer Holzer & Fistel, LLC Announces That a Shareholder Class Action Has Been Filed Against Harmony Gold Mining Company Limited (NYSE: HMY)

Mon, 28 Apr 2008 15:38:00 GMT

A shareholder class action lawsuit has been filed in the United States District Court for the Southern District of New York against Harmony Gold Mining Company Limited and certain of its officers and directors on behalf of purchasers of Harmony Gold's American Depository Receipts and call options and sellers of Harmony Gold's put options, who purchased or sold between April 2, 2007 and August 7, 2007, inclusive .[More...]

Brower Piven Announces the Filing of a Class Action Lawsuit Against Harmony Gold Mining Company Limited

Sat, 19 Apr 2008 01:10:00 GMT

Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of American Depository Receipts and call options and sellers of put options of Harmony Gold Mining Company Limited between April 2, 2007 and August 7, 2007, inclusive .[More...]

Spector Roseman & Kodroff, P.C. Announces Class Action Suit Against Harmony Gold Mining Company Limited

Fri, 18 Apr 2008 17:58:00 GMT

The law firm of Spector Roseman & Kodroff, P.C. announces that a securities class action lawsuit was commenced in the United States District Court for the Southern District of New York, on behalf of purchasers American Depository Receipts and call options and sellers of put options of Harmony Gold Mining Company Limited between April 2, 2007 through August 7, 2007, inclusive .[More...]

Shareholder Class Action Filed Against Harmony Gold Mining Company Limited by the Law Firm of Schiffrin Barroway Topaz & Kessler, LLP

Wed, 16 Apr 2008 21:55:00 GMT

The following statement was issued today by the law firm of Schiffrin Barroway Topaz & Kessler, LLP:[More...]