Investing

52-Week High Club (AA, CVX, MMR, EXXI, SNI)

Aluminum Corp. of China Limited (NYSE: ACH) rose over 5.7% to a yearly high of $34.27 after the company rose alumina prices for the second time in a week.  Alcoa Inc. (NYSE: AA) rose over 3.4% to a yearly high of $17.60 ahead of the their earnings report this evening.

Chevron Corporation (NYSE: CVX) rosve over 2% to a yearly high of $81.09 after the Citigroup upgraded the energy producer on the grounds of an increasingly bullish oil outlook.

McMorRan Exploration Co. (NYSE: MMR) and Energy XXI Ltd. (NASDAQ: EXXI) both surged to 52-week highs after announcing they have made one of the biggest oil and gas discoveries in the Gulf of Mexico.  They rose 53.2% and 38.7% respectively.

Scripps Networks Interactive Inc. (NYSE: SNI) rose over 5.1% to a yearly high of $46.01 after the owner of cable-television networks was upgraded by analysts at UBS.

Garrett W. McIntyre

 

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