Thursday, 29 Oct 2009 | Source: The Associated Press
Standard & Poor's said Thursday it will add miner Freeport-McMoRan Copper & Gold Inc. to its S&P 100 index to replace Schering-Plough Corp., after the drugmaker merges with Merck & Co. in a deal expected to be completed soon.
Stocks advanced Wednesday as investors were encouraged by a few earnings reports, including Morgan Stanley, Yahoo and SanDisk. The VIX, widely considered the best gauge of fear in the market, dropped to just above 20.
Freeport-McMoRan Copper & Gold said Wednesday that third-quarter profit soared, trouncing Wall Street expectations as the mining company benefited from higher metal prices and cost savings.
Earnings season continues in earnest Wednesday, as we roll on with a week that will ultimately see 25 percent of the S&P 500 report their quarterly numbers.
Sunday, 18 Oct 2009 | Source: The Associated Press
There are signs the nation's factories are stirring from one of the worst recessions in decades. If nothing else, hints of a rebound at big industrial firms will boost the stock market and lift people's 401ks.
Charl Malan, Senior Metals & Mining Analyst on the Van Eck Global Hard Assets fund which is rated 5-stars by Morningstar and up 24.96% this year, said now is a good time to invest in commodities because of “unprecedented monetary and fiscal stimulus in the United States, China and Europe.”
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