Browsing all articles tagged with freeport mcmoran
Apr
13

The market review for April 13

Trading on the U.S. stock market on Monday, April 12, began rising through a number of indices of positive corporate news and a weakening of the pressure the Greek factor.16 ministers of the euro area have agreed to provide in the current year credit of Greece in the amount of 30 billion euros and 10 billion euros will be allocated to the IMF. In addition, it was decided that in case of a loan Greece will pay for it for about 5% per annum.The Minister of Finance of Greece Georgios PAPACONSTANTINOU stated that the purpose of Athens today is to continue borrowing from external markets without activation mechanism of financial assistance from the European Union.That is, Greece demonstrates the confidence of their forces, but from the insurance does not refuse. Bidders such a disposition of things more than arranged, and on Monday the long-awaited overcome the Dow Jones psychologically important resistance level of 11000 points.

As a result of trading on April 12 the Dow Jones index rose by 8.62 points (0.08%) – up to 11,005.97 points, NASDAQ rose by 3.82 points (0.16%) – up to 2,457.87 points, S & P added 2.11 points (0.18%) and amounted to 1,196.48 points.
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Author nyse    Category Market    
Jan
13

The market review for January 13

Stock trades in the United States ended on Tuesday, January 12, the decline in the leading index on the background of disappointing corporate news. In addition, investors without much enthusiasm by the report on China’s central bank increased reserve requirements for banks by 0.5 percentage points – Up to 15%, which limits the possibility of monetary growth.

Not live up to expectations in the financial report of the largest U.S. aluminum producer Alcoa Inc. Reported net loss for the Alcoa 2009. amounted to 1.15 billion dollars compared with 74 million dollars for 2008. In IV quarter of 2009. net losses reached 277 million dollars (0.28 dollars per share). The experts predicted that the company is up to the last year will make a profit. Publication of statements led to the fall of quotations Alcoa’s 11.1%. In the red zone ended the day and for other steel companies, including copper producer Freeport-McMoRan Copper & Gold Inc. (-3.8%) And gold mining company Barrick Gold (-3,2%). The financial sector also had the session fails. As a result of trading shares of banks Bank of America and Goldman Sachs Group Inc. fell 3,4% and 2,2% respectively.
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Author nyse    Category Blog    
Dec
22

The market review for December, 22st

MARKET 11Stock trades in the United States were closed on December 21 the growth of leading indexes. Amid rising prices for metals up to the bidding companies’ shares have risen in price considerably mining sector. In particular, securities mededobyvayuschey company Freeport McMoRan was added to the price of 1,9%, while shares of the largest U.S. aluminum producer Alcoa Inc. increased in price by 7,9%. Growth of value of shares Alcoa also helped him improve on the recommendations of analysts from Morgan Stanley to “above market”. At 6.3% in trading shares have risen in price one of the largest U.S. steel companies US Steel Corp.

Amid increasing recommendations by analysts and shares have risen in price the world’s largest manufacturer of chips for PCs Intel Corp. (+2.3%). 5,6% and 3,5% respectively on the basis of tendering shares have risen in price of fertilizer producers Mosaic Co. and Potash Corp., as analysts at Goldman Sachs raised recommendations on them with regard to higher prices for fertilizers. At the 9% increase quotation third largest in the U.S. construction equipment manufacturer Terex Corp., Since the company’s management announced a deal to sell its mining division of the company Bucyrus International Inc. for 1.3 billion dollars

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Author nyse    Category Market    
Dec
9

The market review for December, 9st

MARKET 9Stock trades in the United States were closed on December 8 leading indexes lower. Without much optimism players embraced released data on loss development company Nakheel, a Dubai-controlled investment fund Dubai World, are trying to negotiate with creditors on debt restructuring. Nakheel Net loss for the first half of 2009. amounted to 13.4 billion dirhams (3.65 billion dollars), which exceeds the amount of debt the company. If the Dubai World would not be able to negotiate with creditors and filed for bankruptcy, the world stock market may react to it is extremely painful. The precipitating factor was the fall in oil prices, contributed to the negative dynamics of quotations of oil companies, and reduce the rating agency Fitch’s credit rating to BBB + Greece with the forecast “negative”. In the short term to lower the rating of this country can and rating agency Standard & Poor’s.

As a result of trades on 1,1% cheaper shares of the world’s largest oil company ExxonMobil Corp., And securities of its nearest rival Chevron Corp. Lost 1.8%. At 3.1% in the trades cheaper shares the world’s largest mededobyvayuschey company Freeport-McMoRan Copper & Gold Inc., Helped by falling prices for gold by nearly 2%. Shares of the largest U.S. gold mining company Newmont Mining Corp. fell 2.9%. Snizilshis up trades and securities of large U.S. banks, including shares of Citigroup Inc. (-3%) And Bank of America (-3%).

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Author nyse    Category Blog    
Dec
7

The market review for December, 7st

Market 8 Stock trading on the American stock exchange platforms 4 December 2009. closed growth against the backdrop of leading indicators unexpectedly optimistic data from the U.S. labor market. Prior to bidding U.S. Department of Labor (US Department of Labor) reported that the November non-farm sector of the country had lost only 11 thousand jobs, while analysts predicted that this figure will exceed 100 thousand U.S. unemployment rate unexpectedly fell from 10, 2% to 10%. Added a statement of optimism and U.S. Treasury Secretary Timothy Geithner that the unemployment rate in the country in the short term may be further reduced to the background of strengthening the overall state of the economy.

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Author nyse    Category Market    
Dec
2

Daytrading – November 27

On this day the U.S. stock market – NYSE worked a shortened session. I managed to make 1 trade and closing in positive territory.

FCX: Freeport-McMoRan Copper & Gold Inc
Sector: Basic Materials> Industry: Gold and Silver
Because of the oak market opened at a big disadvantage was the idea that stocks will open with a big GAP DOWN and start to close it. I wanted to buy finance, but did not have time.
Everything went as I thought, stocks went up.

FCX: Freeport-McMoRan Copper & Gold Inc
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Author nyse    Category Day trading    
Nov
30

The market review for November, 30st

MARKET 6Stock trades in the U.S. on November 27 closed reduction of the leading indexes. Negative news from Dubai (UAE) frightened investors and led to the fall of quotations of a number of major American companies – one of the largest investment companies in the UAE – Dubai World – has asked creditors to delay debt repayment, estimated to be worth $ 60 billion Dubai World (owned by the Government of Dubai ), on account of which a number of successful projects on construction of facilities in the desert, asked for a stay of six months.

News from Dubai provoked a significant fall in quotations on global stock markets, and the American market was no exception.

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Author nyse    Category Market    
Nov
10

The market review for November, 10st

marketStock trades in the United States ended on November 9 the leading index increased on average by 2%. Investors with optimism have reacted to the outcome of the meeting of finance ministers “big Twenties” (G20), which was decided on further measures to stimulate the economy. This gave impetus to financial sector companies, led by banks, Citigroup Inc. (+3,2%), Which the Government supported the $ 45 billion, and Bank of America Corp. (+4.8%), The largest U.S. bank by total assets. Among the companies in the mining sector growth were the leaders of the largest U.S. gold producer Barrick Gold Corp., Whose shares went up by 3,3%, and one of the world’s largest mededobyvayuschih company Freeport-McMoRan Copper & Gold Inc., Quotes which increased by 4, 6%. The reason for the growth of quotations was the increase in metals prices. read more

Author nyse    Category Market    
Nov
5

The market review for November, 5st

Stock trades in the United States were closed on November 4 countervailing movement leading indexes. Influence the course of bidding had decided the Federal Reserve System (FRS), issued after the beginning of the trading session. The Fed decided to keep the key discount rate in the range of 0-0,25% per annum. This figure coincided with forecasts of analysts, also expect a continuing bid to a minimum. Thus, the Fed left rates unchanged since December 2008. To ensure the necessary conditions for a speedy withdrawal of the economy from recession.

Fed decision influenced the change in quotations in the banking sector. Shares of mortgage bank Wells Fargo & Co. prices increased by 0,8%, but rates JPMorgan Chase & Co. and Citigroup Inc. decreased by 1,15% and 1,73% respectively. read more

Author nyse    Category Market    
Nov
2

The market review for November, 2st

marketStock trades in the United States were closed on October 30 leading indexes lower on the background of macroeconomic news. At investor sentiment negatively affected the report of the Ministry of Commerce (US Department of Commerce), published prior to bidding. According to him, the volume of consumer incomes in the country in September 2009. compared with the previous month, virtually unchanged, while the volume of consumer spending in September 2009. decreased by 0,5% compared to the previous month.

In addition, since the start of the trading session in the report of the University of Michigan / Reuters index figures were published in consumer confidence in the U.S., which fell in October to 2.9 points and amounted to 70,6 points. Analysts expected 70 points. Almost at the same time was published index of business activity in October 2009. Which grew at 8.1 points and totaled 54.2 points, said association manager in Chicago. Analysts expect the figure for the period totaled 48.5 points. read more

Author nyse    Category Market