Commodities & Metals
Commodities & Metals Articles
On Tuesday (actually late Monday night in the U.S.), we’ll get to see earnings out of BHP Billiton Ltd. (NYSE: BHP). The estimates from First Call for the metal and mining giant were not calculated...
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Most on Wall St. believed that Alcoa (AA) was the odd man out in the metals industry. It missed out on buying Alcan. It has been nowhere to be seen in the big takeover tussle between large rivals Rio...
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Goldman Sachs is making a key change in the gold sector this morning. The investment banking giant is adding Freeport-McMoRan Copper & Gold (NYSE: FCX) to the Americas Conviction Buy List. ...
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Shares in BHP Billiton (BHP) and Rio Tinto (RTP) both lost over 10% of their market caps in Europe trading today. For BHP that is almost $18 billion and for RTP is it almost $12 billion. The stocks...
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Goldman Sachs is RAISING ITS 2008 GOLD FORECASTS factoring for a recession in the U.S. in both Q2 and Q3 2008, leading to a weaker U.S. Dollar target of $1.51/Euro (up from $1.35) over the next six...
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Goldman Sachs is out with a call covering the steel stocks. We’ll be keeping this one shortened to keep it in a summary format. Goldman is noting that US STEEL PRICES ARE SET TO RISE...
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When you see sectors that have been key leaders fall it’s often just another buying opportunity. But when you start seeing an exodus you have to wonder if letting the good times roll is smart. In...
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Alcoa, Inc. (NYSE: AA) is set to report earnings today. First Call has estimates at $0.33 EPS on $6.92 Billion in revenues. Next quarter’s estimates are $0.60 EPS on $7.03 Billion in...
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Standard & Poors took an already unenthusiastic "Hold" rating on U.K.-based metals giant Rio Tinto (NYSE:RTP) ADR’s down to the beloved "Sell" rating. This was after a 29% pre-market gain in...
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Allegheny Technologies Incorporated (NYSE:ATI) said today that it expects full-year 2007 earnings per share to be in the range of $7.00 to $7.25 per diluted share in anticipation of lower second half...
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It is hard to get too excited about metals and aluminum companies when technology and IT stocks are putting in new high after new high. Regardless, ALCOA (NYSE:AA) is set to lead off the earnings...
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On tonight’s MAD MONEY on CNBC, Jim Cramer reviewed a stock that offers both protection and upside: Barrick Gold (NYSE:ABX) has the most upside according to Cramer in gold stocks. The weak dollar...
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Steel Dynamics, Inc. (NASDAQ:STLD) has entered a definitive agreement whereby Steel Dynamics will acquire privately held OmniSource Corp. in a deal that has been approved by the board of directors of...
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BHP Billiton Ltd. (NYSE:BHP) is seeing shares up more than 5% in pre-market activity at $76.65 at what will be new 52-week highs for its ADR’s. The word is out that the world mining giant is...
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Meridian Gold Inc. (NYSE:MDG) has announced that its Board of Directors unanimously recommends that shareholders reject the amended unsolicited offer by Yamana Gold Inc. (NYSE:AUY) and not tender any...
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