From a high in February 2011 of about $4.60/pound, copper prices have fallen more than $1/pound to around $3.43/pound today. Prices have fallen for the past two days, primarily on fears that…
This last weekend brought the first waves of picks for 2012. Barron’s issued its “10 Favorite Stocks For 2012” and the stocks were just about all lower on Monday with a very…
For several months now, the world’s largest mining firms have been re-affirming that their businesses are solid and that demand has remained solid. Now, though, the veneer may be cracking. Both Rio…
In mid-October, we took a look at target prices and implied gains among 11 metals and materials stocks. The companies we examined were United States Steel Corp. (NYSE: X), Nucor Corp. (NYSE:…
Stock markets. Equity markets opened sharply higher this morning before falling into negative territory before the ISM and factory order reports were released. The ISM index came in lower than expected, but factory…
These are some of Thursday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls. Annaly Capital Management, Inc. (NYSE: NLY) Raised to Outperform at Wells Fargo. Boston Scientific Corp. (NYSE:…
Investors appear to have lost faith in mining stocks, sending share prices down steadily throughout the year. Both iron ore and copper prices are down nearly 20% since the beginning of the…
Companies focused on mining and metals have been experiencing high volatility this year based on both the overall global economy and, in some cases, expected demand, especially from China. We have looked…
While the debate rages over whether or not the U.S. should enact legislation aimed to curb currency manipulation — and specifically the Chinese peg to the U.S. dollar — the impact of…
In what appears to be a counterintuitive move, CME Group (NASDAQ: CME) today raised its margin requirements for copper futures contracts. The requirement rose by 15%, from $6,750 to $7,763 for an…
Since the beginning of September, copper and corn prices have fallen dramatically, with copper off nearly -35% from its 12 month high and corn off about -25%. Because both are often seen…
Prospects for the global economy are currently as dark or darker than they’ve been since the financial crisis began three years ago. Consumers and investors likely see either another recession or at…
Active traders and day traders have many stocks to choose from this Friday morning. We are tracking news and moves in shares of Freeport-McMoRan Copper & Gold (NYSE: FCX), Hewlett-Packard Company (NYSE: HPQ), and NIKE,…
At yesterday’s meeting for investors, Rio Tinto plc (NYSE: RIO) offered a subdued forecast for the iron ore and copper markets going forward. There was some upbeat talk about new projects in…
Alpha Natural Resources Inc. (NYSE: ANR) and Walter Energy Inc. (NYSE: WLT) are signaling some disturbing trends that only bring on more fears of recession. The companies have both lowered their coal…
Jon C. Ogg 
