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Newmont Hits 52-Week High; Attracts More Bulls
Tuesday, May 11, 2010 - 11:23am | 142Shares of Newmont Mining (NYSE: NEW) are trading higher today by 4.94% to $58.23; the stock was even higher earlier in the session before pulling back slightly. The stock is now trading at fresh 52-week highs. Options traders are largely bullish on the name and are making upside bets in May and...
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Using Credit as a Precursor to Equities
Tuesday, May 11, 2010 - 9:44am | 221Yesterday, Goldman Sachs was out with an investor research note citing the positives of following the credit markets as a precursor to movement within the equity markets. Today they are out with round two of that note where they are reiterating their recommendation to hedge Financial names (NYSE:...