As sentiment turns bullish towards aluminum, analysts say the once-shunned metal is finally at a turning point.» Read More
Private equity corporate raiders who have so far sidestepped the mining sector despite widespread consolidation, could soon reset their sights, global accounting and consulting firm Ernst & Young said on Wednesday.
Stocks closed with losses of more than 1% after investors were spooked by earnings warnings from two major retailers amid persistent concerns regarding the housing market and subprime mortgages. "Home Depot's cautious comments set the negative tone," said Dan McMahon, head of listed trading at CIBC World Markets.
Those who bought Alcoa July call options on Monday managed to catch a break in spite of lackluster quarterly results. Late Monday the aluminum maker posted revenue figures below analysts' estimates -- the very type of news that can hammer a company's shares and evaporate the value of call options.
BHP Billiton, the world's biggest miner, is in talks with private equity firms to team up for a possible $40 billion bid for U.S. aluminum company Alcoa, London's Times newspaper said on Tuesday.
Stocks ended higher on Monday, but gains were held in check as investors awaited the start of the second-quarter earnings season. "We're getting into earnings season, and what we've seen so far is good, so we think there is going to be an upward bias," said Joe Ranieri, head of NASDAQ trading at Canaccord Adams. "It's good but scary."
Alcoa, the world's largest aluminum company, said after U.S. markets closed Monday that second-quarter profit slipped, partly due to charges including one for its outstanding offer to acquire Canadian rival Alcan.
Call option volume in the owner of Marshall's and TJX Stores, TJX Companies, surged Monday with volume in two strikes surpassing open interest, along with rising implied volatility.
Big contract wins and corporate dealmaking were some of the catalysts behind Monday's most actively traded stocks.
Zinc and lead look golden, according to two "Morning Call" guests. Bill Mann, senior analyst at The Motley Fool, and Lou Grasso, metals trader at Millenium Futures, told CNBC's Liz Claman why base metals have a bright future -- and how investors can play it.
Alcan the big Canadian aluminum maker, said Friday that a $28.6-billion hostile takeover offer from Alcoa remains inadequate, and that it is pursuing alternatives such as talks with other groups.
Second-quarter earnings season kicks off Monday when Dow component Alcoa reports after the bell. CNBC Managing Editor Tyler Mathisen talked to Bob Pisani at the New York Stock Exchange to get a sense of Wall Street's expectations.
It has been almost a year since this Mad Money institution first aired, and now it's time to shake things up. Say hello to three new members.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Monster, Merck, Smith & Wesson and more...Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Alcoa says it could raise its hostile $28.6 billion offer for Alcan if warranted, but the Canadian aluminum maker has rebuffed requests for talks, a regulatory filing showed on Tuesday.
Alcan has rebuffed requests by Alcoa for a meeting to discuss Alcoa's hostile $28.6 billion offer for the Canadian aluminum producer, a regulatory filing showed on Tuesday.
Any number of things, from energy prices to Fed policy to geopolitical events, could derail what's expected to be a solid second half.
Aluminum Corp. of China said on Tuesday it would take over sister firm Baotou Aluminum in the latest series of internal restructuring by Chinese-listed firms.
The stock market's recently moody and wild swings should give way to a less rambunctious holiday week where traders focus on upcoming earnings and economic fundamentals.
Earnings news and clinical trial data were some of the catalysts behind the most actively traded stocks on Monday.
Stocks closed slightly lower as investors focused on rising oil prices and fluctuating interest rates. "Prices for crude oil are not really moving up as much as they are being pulled up by gasoline," said Stephen Schork, editor of The Schork Report. "Specifically, there's the persistent fear in the market that there is not going to enough gasoline to get us through the season."