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Vale, BHP Billiton Shares In Free-Fall After Dam Disaster
Monday, November 9, 2015 - 10:11am | 424Read More...An iron ore mine co-owned by BHP Billiton Limited (ADR) (NYSE: BHP) and Vale SA A (ADR) (NYSE: VALE) exploded last week in Brazil, killing at least two people. Shares of BHP Billiton lost 5.29 percent on Friday, while shares of Vale fell 5.69 percent. Both stocks were trading lower during...
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This Industry Is Unhurt By China's Currency Woes
Friday, August 14, 2015 - 11:20am | 364Read More...In a report published Friday, Goldman Sachs analyst Christian Lelong argued that while coal is "particularly exposed" to the recent devaluation of China's currency, the impact on iron ore market is likely to be "muted." According to Lelong, coal is particularly exposed...
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Iron Ore, Steel Falling And Taking The Sector With It
Tuesday, July 7, 2015 - 12:21pm | 513Read More...Iron ore prices continued falling on Tuesday after a rebound in Chinese port stockpiles hurt the outlook for the commodity. According to Mining.com, the benchmark 62 percent Fe import price including freight and insurance at the Chinese port of Tianjin lost $2.68 per tonne and traded at $49.60. The...
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The Report Killing Cliffs Natural Resources Today
Thursday, April 9, 2015 - 9:26am | 194Read More...In a report published Wednesday, BMO Capital Markets analyst Tony Robson downgraded shares of Cliffs Natural Resources Inc (NYSE: CLF) to Underperform from Market Perform with a price target slashed to $4 from a previous $8 as the iron ore oversupply is "not letting up." Shares were down more than...
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Nomura On Cliffs Natural Resources: Focus Shifts To USIO Execution
Wednesday, February 4, 2015 - 12:40pm | 221Read More...Curt Woodworth of Nomura on Wednesday commented in a note that Cliffs Natural Resources Inc's (NYSE: CLF) USIO and Asia Pacific businesses will remain under "significant pressure" due to sustained fundamental iron ore weakness. Woodworth does note that the company may see its...
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Markets Boosted From Strong Earnings Releases, Jobless Benefits
Thursday, October 23, 2014 - 5:14pm | 2034Read More...U.S. stocks rose on Thursday after Wednesday's decline on strong earnings reports from Caterpillar and 3M. Also, U.S. data showed a decline in Americans filing for jobless benefits. The bullish sentiment on Wall Street may have been spoiled by fresh reports of a doctor who recently returned...
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Markets Debut Week On Negative Note; S&P 500 Falls Through Key Level
Monday, October 13, 2014 - 4:57pm | 1971Read More...U.S. markets began the week on a negative note after markets sold off in the final two hours of trading on no major news catalyst. The S&P 500 fell through its 200-day moving average of 1,905, a key technical level for fundamental investors and traders. The last time the index broke its 200...
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Markets Begin The Week On A Losing Note Ahead Of Earnings Kick-Off, Fed Minutes
Monday, October 6, 2014 - 4:45pm | 1927Read More...U.S. stocks traded lower on Monday ahead of earnings season, which unofficially begins on Wednesday. The Federal Reserve will also release its minutes from its recent meeting on the same day. Major indices were trading in positive territory on Monday with the Dow up as much as 89 points before...
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Predicted Iron Ore Demand Could Fuel Steel ETF
Tuesday, September 16, 2014 - 11:25am | 514Read More...Steel prices -- and thus steel companies and ETFs -- are driven in part by the price of iron. Analysts are expecting the price to fall in the near term but see reasons for a late-year rally. Iron To Fall, Then Rally? The price of iron ore is hanging around the $82/ton level, and some analysts...
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ETF Outlook For Thursday, June 12, 2014 (BNO, EWC, SMH, INTC, SLX)
Thursday, June 12, 2014 - 9:43am | 465Read More...ETF Outlook for Thursday, June 12, 2014 United States Brent Oil ETF (NYSE: BNO) An escalation in the violence in Iraq has led to a spike in the price of Brent crude oil as well as WTI oil in the U.S. There has not been a major affect on oil supply at this time, however traders are pricing in...
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Market Wrap For January 21: Dow Hit by Earnings; S&P And Nasdaq End The Day Positive
Tuesday, January 21, 2014 - 5:51pm | 2887Read More...Markets ended the day mixed with the S&P 500 ending a two day losing streak. The Dow ended the day slightly in the negative as several Dow components failed to fully satisfy investor expectations with their earnings today. Investors also digested the latest commentary coming from the Wall...
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Will China's Economic Reforms Benefit BHP Billiton?
Tuesday, November 19, 2013 - 5:01pm | 453Read More...After its recent four-day conference, China's ruling Communist Party released a list of reforms, meant to make the economy more responsive to consumer demand. Greater growth in China will lead to a greater demand for commodities -- as it is the world's largest consumer of many, ranging from...
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Australia Should Boom Now that China is Growing Again
Monday, October 21, 2013 - 4:24pm | 519Read More...With the Chinese economy increasing in growth to 7.8 percent for the most recent quarter, up from 7.5 percent previously, global financial exchanges have rallied strongly. Perhaps the biggest long term winners will be companies operating in the natural resources sector of Australia. There is an...
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General Moly: The Ultimate Confidence Stock
Tuesday, September 20, 2011 - 8:30am | 873Read More...Several days I wrote an article on a fantastic stock, General Moly (NYSE: GMO). General Moly is in the home stretch of being permitted. The Record of Decision [ROD] is drawing to a conclusion and while the water rights were approved, they were appealed. When the town had a hearing on the appeal...
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Time For Steel
Tuesday, July 5, 2011 - 2:34pm | 297Read More...Higher iron ore prices haven't been very kind to global steel producers as of late. Higher production costs have caused several major steel producers to warn on earnings for the second quarter. The latest was Steel Dynamics (NASDAQ: STLD), which said its second-quarter earnings per share would be...
