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Stock Market & Financial Investment News

News Breaks
May 13, 2014
04:55 EDTTX, TX, TX, HL, HL, HL, BHP, BHP, BHP, VALE, VALE, VALE, GG, GG, GG, ATI, ATI, ATI, GOLD, GOLD, GOLD, VMC, VMC, VMC, SLW, SLW, SLW, PPP, PPP, PPP, AAUKY, AAUKY, AAUKY, RIO, RIO, RIO, FCX, FCX, FCX, GLNCY, GLNCY, GLNCYBofA/Merrill to hold a conference
2014 Global Metals, Mining & Steel Conference is being held in Miami Beach on May 13-15.
News For GLNCY;FCX;RIO;AAUKY;PPP;SLW;VMC;GOLD;ATI;GG;VALE;BHP;HL;TX From The Last 14 Days
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December 15, 2014
09:31 EDTRIO, BHPRio, BHP looking to raise copper output, Reuters says
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08:34 EDTBHPBHP Billiton downgraded to Underperform from Sector Perform at RBC Capital
RBC Capital downgraded BHP Billiton as the firm believes that the outlook for the company's cash flow metrics is weaker than its peers. The firm questions the timing of the company's South32 spin off and Four Pillars initiative, given potential structural issues affecting iron ore and oil.
07:41 EDTAAUKYAnglo American shares look cheap, says Bernstein
Bernstein says that it is puzzled by the recent weakness in Anglo American's stock, as the negative news from the company's Congo Mineral Developments mine were not new, while all the new developments involving the mine were positive, according to the firm. The firm thinks the company's performance is improving, while its stock looks cheap. Bernstein reiterates an Outperform rating on the shares.
07:36 EDTRIORio Tinto shares look undervalued, says Bernstein
After iron ore prices sank 48% this year, Bernstein thinks that Rio Tinto would be resilient even if iron ore prices dropped much further. The firm believes that the market is applying a significant discount to the stock, making the shares undervalued. It has a $63.20 price target and Outperform rating on the shares.
December 11, 2014
10:13 EDTAAUKYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ARIAD (ARIA) downgraded at Credit Suisse... AbbVie (ABBV) downgraded to Equal Weight from Overweight at Morgan Stanley... Aimco (AIV) downgraded to Hold from Buy at KeyBanc... Anglo American (AAUKY) downgraded to Underperform from Neutral at Exane BNP Paribas... Approach Resources (AREX) downgraded at Sterne Agee... CommVault (CVLT) downgraded to Neutral from Outperform at Macquarie... Fifth Street Senior (FSFR) downgraded to Perform from Outperform at Oppenheimer... Harmonic (HLIT) downgraded to Neutral from Buy at Sidoti... Macerich (MAC) downgraded to Hold from Buy at Deutsche Bank... Newell Rubbermaid (NWL) downgraded to Outperform from Strong Buy at Raymond James... Olin Corp. (OLN) downgraded at Longbow... Penn West (PWE) downgraded to Underperform from Neutral at BofA/Merrill... Prudential plc (PUK) downgraded to Neutral from Buy at Nomura... Semiconductor Manufacturing (SMI) downgraded to Hold from Buy at Jefferies... Suncor (SU) downgraded to Neutral from Buy at BofA/Merrill... Talisman Energy (TLM) downgraded to Underperform from Neutral at BofA/Merrill... Thompson Creek (TC) downgraded to Hold from Buy at Deutsche Bank... Toll Brothers (TOL) downgraded to Underperform from Sector Perform at RBC Capital... Travelers (TRV) downgraded to Neutral from Buy at UBS... United Therapeutics (UTHR) downgraded at Credit Suisse... Vera Bradley (VRA) downgraded to Underperform from Neutral at Sterne Agee.
08:16 EDTBHPBHP sees potash as focus for growth in China, WSJ reports
Mining giant BHP Billiton said it is focusing on potash as an area of strategic growth in China, with Mike Henry, a president for BHP saying potash "can be our fifth pillar,” adding to the four key markets of iron ore, oil and natural gas, copper and coal that the company had identified previously, reported The Wall Street Journal. Other publicly traded companies in the potash space include Agrium (AGU), Intrepid Potash (IPI), Mosaic (MOS), Potash (POT). Reference Link
05:46 EDTAAUKYAnglo American downgraded to Underperform from Neutral at Exane BNP Paribas
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December 10, 2014
15:08 EDTBHPFollow-up: BHP Billiton upgraded at CLSA
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15:05 EDTBHP, BHPBHP Billiton upgraded to Buy from Outperform at CLSA
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11:33 EDTSLWSilver Wheaton downgraded to Hold from Buy at Standpoint Research
December 8, 2014
12:30 EDTAAUKYAnglo American to host investor day
Investor Day to be held in London on December 9 at 8:30 am.
06:11 EDTBHPBHP Billiton says new company to be called South32
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December 4, 2014
10:08 EDTRIO, AAUKY, BHPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Anglo American (AAUKY) downgraded to Underperform from Buy at BofA/Merrill... Archer Daniels (ADM) downgraded to Hold from Buy at Miller Tabak... AuRico Gold (AUQ) downgraded to Underweight from Equal Weight at Morgan Stanley... BHP Billiton (BHP) downgraded to Neutral from Buy at BofA/Merrill... BIND Therapeutics (BIND) downgraded at Credit Suisse... BRF S.A. (BRFS) downgraded to Neutral from Buy at Goldman... CIRCOR (CIR) downgraded to Hold from Buy at BB&T... DISH (DISH) downgraded to Underweight from Equal Weight at Barclays... Enerplus (ERF) downgraded to Sector Performer from Outperformer at CIBC... Gildan Activewear (GIL) downgraded to Hold from Buy at GMP Securities... Kindred Biosciences (KIN) downgraded to Hold from Buy at Craig-Hallum... Nevsun Resources (NSU) downgraded to Neutral from Buy at UBS... Public Storage (PSA) downgraded at KeyBanc... Rio Tinto (RIO) downgraded to Underperform from Buy at BofA/Merrill... SeaChange (SEAC) downgraded to Hold from Buy at Noble Financial... Thor Industries (THO) downgraded at BMO Capital... Tupperware Brands (TUP) downgraded to Underperform from Market Perform at BMO Capital... UTi Worldwide (UTIW) downgraded at Stifel... Vale (VALE) downgraded to Neutral from Buy at BofA/Merrill... Vermilion Energy (VET) downgraded to Sector Performer from Outperformer at CIBC... Wal-Mart (WMT) downgraded to Neutral from Buy at UBS.
09:29 EDTFCXFreeport McMoRan says conducting review of capital expenditures
Freeport-McMoRan announced the company is conducting a review of capital expenditures and other costs in response to the recent decline in oil prices. The review includes evaluation of opportunities to reduce or defer expenditures and potential partnership arrangements. FM O&G has identified multiple additional development opportunities in the Green Canyon area that could be tied back to the Holstein facility and multiple development opportunities in the Marlin area that could be tied back to the Marlin facility. These projects were previously incorporated in the company’s estimates of production and capital expenditures.
08:13 EDTFCXFreeport McMoRan announces drilling results from Holstein Deep and Dorado wells
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08:02 EDTVALEVale downgraded to Neutral from Buy at BofA/Merrill
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07:09 EDTRIORio Tinto CEO says not looking at major acquisition, Reuters reports
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07:01 EDTRIORio Tinto sees 2014 total capital expenditure below $8.5B forecast
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06:57 EDTRIORio Tinto calls near-term outlook 'more challenging'
Rio Tinto said in press release that it demonstrated at its investor seminar how its "superior portfolio of world-class operations, with industry-leading EBITDA margins and significant growth potential, are positioned to generate healthy free cash flow and shareholder return." Rio Tinto reiterated its commitment to "materially increase cash returns to shareholders in a sustainable way" from February 2015. It added, "While the long-term horizon remains robust, the near term outlook is more challenging. Our company is soundly positioned to prosper against this backdrop however, because the uncertainty plays to our strengths and our competitive advantages come to the fore...Given the potential market opportunities, Rio Tinto is now prioritising the South of Embley project. Boasting mining costs in the first quartile and attractive returns, this is a tier one investment opportunity. The feasibility study remains a work in progress, with the project on track for board consideration next year and first production slated for 2018."
06:03 EDTAAUKYAnglo American downgraded to Underperform from Buy at BofA/Merrill
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