MARCH 1ST COPPER COMMENTARY FOR VINIK ASSET MGT. 3/1/2011
MARCH 1ST COPPER COMMENTARY FOR VINIK ASSET MGT. 3/1/2011
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MARCH 1ST COPPER COMMENTARY FOR VINIK ASSET MGT. 3/1/2011
MARCH 1ST COPPER COMMENTARY FOR VINIK ASSET MGT. 3/1/2011
SPOTMARKETS THIRD STRAIGHT ALL-TIME RECORD IN NONFERROUS METALS EXCHANGE INVENTORIES, BUT PRICES REMAIN QUITE BRISK IN $9 BIL. “CASH OUT” 3/4/2011
THIRD STRAIGHT ALL-TIME RECORD IN NONFERROUS METALS EXCHANGE INVENTORIES, BUT PRICES REMAIN QUITE BRISK IN $9 BIL. “CASH OUT” 3/4/2011
VALE (VALE $32.13, RATING RAISED FROM NEUTRAL TO OVERWEIGHT, price target to $44 from $33); FIRM SELLING PRICES AND HIGHER FUTURE OUTPUT FROM LARGE CAPITAL EX DRIVES EARNINGS ESTIMATES HIGHER 3/10/2011
VALE (VALE $32.13, RATING RAISED FROM NEUTRAL TO OVERWEIGHT, price target to $44 from $33); FIRM SELLING PRICES AND HIGHER FUTURE OUTPUT FROM LARGE CAPITAL EX DRIVES EARNINGS ESTIMATES HIGHER 3/10/2011
NEWMONT MINING (NEM $52.12) RAISED TO OVERWEIGHT IN ENTHUSIASM OVER FRONTEER ACQUISITION, VARIOUS EXPLORATION EFFORTS AND VALUATION < 9 TIMES LONG-TERM EARNINGS PRO FORMA $1,400 GOLD 3/11/2011
NEWMONT MINING (NEM $52.12) RAISED TO OVERWEIGHT IN ENTHUSIASM OVER FRONTEER ACQUISITION, VARIOUS EXPLORATION EFFORTS AND VALUATION < 9 TIMES LONG-TERM EARNINGS PRO FORMA $1,400 GOLD 3/11/2011
WORTHINGTON INDUSTRIES (WOR $18.62) CUT TO NEUTRAL FROM OVERWEIGHT DUE TO PRICE APPRECIATION AND VOLATILE STEEL PRICES 3/11/2011
WORTHINGTON INDUSTRIES (WOR $18.62) CUT TO NEUTRAL FROM OVERWEIGHT DUE TO PRICE APPRECIATION AND VOLATILE STEEL PRICES 3/11/2011
CENTURY ALUMINUM (CENX $17.13, rated OVERWEIGHT with $24 price target up from $18 price target) HIGH ALUMINUM PRICES FUEL HIGHER EARNINGS ESTIMATES; WV AND HELGUVIK PENDING; SOLID 2011 PRODUCTION VOLUMES EXPECTED WITH COSTS RELATIVELY FLAT 3/13/2011
CENTURY ALUMINUM (CENX $17.13, rated OVERWEIGHT with $24 price target up from $18 price target) HIGH ALUMINUM PRICES FUEL HIGHER EARNINGS ESTIMATES; WV AND HELGUVIK PENDING; SOLID 2011 PRODUCTION VOLUMES EXPECTED WITH COSTS RELATIVELY FLAT 3/13/2011
NONFERROUS PRICES FALL UP TO 11% AS $101 CRUDE DASHES GROWTH EXPECTATIONS; INVENTORY RISES SLOW; MUTED WOOD PRICE GAINS 3/14/2011
NONFERROUS PRICES FALL UP TO 11% AS $101 CRUDE DASHES GROWTH EXPECTATIONS; INVENTORY RISES SLOW; MUTED WOOD PRICE GAINS 3/14/2011
METALS – – DRAMATIC EXPLOSION IN CHINESE FIRST-QUARTER METALS DEMAND AND OUTPUT SIGNALS BIG ACCELERATION IN CHINESE GROWTH; 2011 METALS DEMAND TO EXCEED OUR ESTIMATES 3/17/2011
METALS – – DRAMATIC EXPLOSION IN CHINESE FIRST-QUARTER METALS DEMAND AND OUTPUT SIGNALS BIG ACCELERATION IN CHINESE GROWTH; 2011 METALS DEMAND TO EXCEED OUR ESTIMATES 3/17/2011
CHINESE NONFERROUS DEMAND UP 40% IN JANUARY, FEBRUARY CHINESE STEEL OUTPUT RECORD AND UP ALUMINUM DRIVE BIG GLOBAL RECORDS 3/21/2011
CHINESE NONFERROUS DEMAND UP 40% IN JANUARY, FEBRUARY CHINESE STEEL OUTPUT RECORD AND UP ALUMINUM DRIVE BIG GLOBAL RECORDS 3/21/2011