Archive for the 'Commodities' Category
Joy Global: Maintaining the global commodities boom
Readers of that space know that the investment bias is toward large-cap companies with demonstrated trade models which have a competitive advantage in established markets, preferably with a favorable global trend as a support. And with the above in intellect, delight Global is worth a review.
Joy…
Oil surges through $109!
Oil prices have continued to rise nowadays, jumping to as high as $109.70 earlier in the day, and currently sitting at $109.62.
Fueling today’s charge is, once again, the weak dollar. Yesterday, the euro set yet another record high against the U.S. dollar, moving up as high as $1.5464.
Als…
Technician bets on gold and Barrick (ABX)
In her Edwards Charts, technical expert Yola Edwards reviews the outlook for gold, as well as her latest new buy recommendation, Barrick Gold (NYSE: ABX).
“Gold rallied faster than anticipated reaching my suggested lower target price of US$978.50 on February 29. The daily candlestick ended in a d…
AAR February Report: Freight movement by railroads
The report of February rail freight movements was released Thursday March 6, by The organization of American Railroads. Again that month the report reveals some mentionable trends. The report on the AAR website indicates a gain in rail freight volume of 2.8 percent, for the first nine weeks of 2…
Alcoa (AA) tumbles on downgrade
Alcoa, Inc. (NYSE: AA) stock is falling after a FBR analyst downgraded the stock to “Market Perform” from “Outperform.” The analyst added in a note to investors that he is concerned that fundamentals will slide in the moment quarter whether aluminum supply is able to meet demand. whether you thi…
Barrick Gold (ABX) on the move as gold approaches $1,000
Barrick Gold (NYSE: ABX) shares are rising nowadays as front-month gold futures are making a charge at $1000. Gold is rising in part due to the weakening US dollar, as it is seen as a hedge against such movement. whether you think that the company won’t fall by too much in the coming months, soo…
With all resistance removed, sky is now the limit for oil
First oil traded through and closed above the penultimate psychological resistance — the incomparable, the dreaded $100 per barrel resistance level.
Now oil has traded above its final resistance — the all-time nominal high of $103.76 set back in April 1980. Oil traded at $103.95 Monday to break…
Can you disregard gold anymore?
Another day, another story on commodities hitting new highs. Yep, oil has done it again nowadays, and so has that most famous metal, gold.
According to a Marketwatch piece, gold has reached a record delivery price of $992 for April delivery (as of that writing). Pretty darn amazing. Of course…
Starbucks (SBUX) to be troubled by rising price of coffee
Starbucks (NASDAQ:SBUX) is already contending with rising milk prices and slow same-store sales in the US. But, the commodity which affects it the most is obviously coffee. According to The Wall Street Journal “The price of green coffee beans has risen 22% since the beginning of the year in trading …
US Steel (X) drops on profitable worries
United States Steel Corp. (NYSE: X) stock is trading lower with other steelmakers that AM after the Commerce agency reported that inflation-adjusted consumer spending was unchanged in January. that has investors worried that a consumer pullback could weaken the economy further, cutting demand fo…
For OceanFreight, the profits are all around the world
The choppy/consolidating (or perhaps worse) market conditions sometimes give the impression that growth plays do not exist, but that is not the case, and one growth company worth an evaluation is OceanFreight.
OceanFreight Inc. (Nasdaq: OCNF) specializes in dry bulk carrier lease charters. Third …
Calpers’ investments in commodities to affect the U.S. economy
The commodities fad took a major step toward fitting an investment trend when investment giant Calpers — the $240 billion California Public Employees’ Retirement System — announced it may increase its commodities investments 16-fold to $7.2 billion through 2010, Bloomberg News reported Thursday.
…
Archer-Daniels Midland (ADM) rises on higher energy prices
Archer-Daniels-Midland Co. (NYSE: ADM) shares are rising nowadays helped by higher soybean futures. Soy is getting a boost from higher energy prices including crude oil prices. Alternative energy interests are plus getting a lift from an energy bill that was passed by the US House limiting subsidies…
As gasoline price rises, so does clamor for gasoline tax credit
For Mac Murphy of New Rochelle, NY, a husband and father of two teen-age daughters in college, the rise in the price of gasoline is not an incidental expense.
“It’s like an additional car payment, for crying out loud,” Murphy said as he pumped $3.39 per gallon unleaded regular gasoline into his w…
