The world's greatest currency? Canada's Loonie gets my vote. And soon some of my money.
Not the yen, or the euro or the reminbi. Sure as shootin’ not the U.S. Dollar or the pound. Yep, it’s the Loonie, Canada’s dollar with the ghostly-voiced diving bird on it, that gets my vote as the world’s greatest currency. And not just at the...Look out for natural gas Monday
Last week it was oil companies reporting their earnings numbers. Monday investors get a big dose of numbers from natural companies. The earnings aren’t likely to be pretty although since many producers wrote down billions in assets last quarter–Chesapeake...Next week it's oil, oil and more oil earnings. To know where the industry is going, forget profits and look at capital spending
Exxon Mobile (XOM). Chevron (CVX). Royal Dutch Shell (RDS.A). BP (BP). ConocoPhillips (COP). Noble Energy (NBL) Apache (APA). Petro-Canada (PCZ). All these production companies report quarterly earnings next week. Add in drilling equipment and oil service companies...Buy Potash of Saskatchewan (POT); it's the best example I know of what you want in a commodity stock for a slow recovery
I’m putting in a buy Potash of Saskatchewan (POT) today. I wish it were $10 a share cheaper, but the company just delivered the kind of really terrible quarter that marks a bottom. Investors cheered–well, they bought–when the company told them...The key to commodities investing now is idle capacity. And how quickly it gets back into production
In its regular report on June iron ore production, delivered on July 22, BHP Billiton (BHP) gave investors the key to investing in commodities over the next year. Ignore this at your portfolio’s peril. BHP just told us all what to buy, what to avoid, and when....Update Freeport McMoRan Copper & Gold FCX
At least they were honest. Executives at Freeport McMoRan Copper & Gold (FCX) told Wall Street on July 21 that they weren’t seeing any signs of a recovery in developed economies that would lead the company to restart its idled U.S. copper mines. So where...Buy Joy Global (JOYG)
I’m buying shares of mining equipment company Joy Global (JOYG) today on the strength of the good news from heavy equipment peer Caterpillar (CAT) in its second quarter earnngs report of July 21. Caterpillar significantly raised guidance for 2009, casting a...Earnings tomorrow from CAT, Copper, and Coke enough to keep the rally going?
Quite a set of economic indicators in tomorrow’s earnings reports. And all before the stock market rings the opening bell at 9:30 ET too. Caterpillar (CAT), an important indicator of prospects in the construction and industrial sectors, is expected to report earnings...A week’s big rally leaves the stock market picture even more uncertain
At the beginning of the week a lot of technical analysts and veteran stock watchers were convinced they knew where the market was going, at least in the short-run. Stocks were on the verge of setting a temporary top, they said, and the next few weeks would see the...Update Thompson Creek Metals Raising target price again
Once again time to ask, Time to sell Thompson Creek Metals (TC)? I still don’t think so. It’s absolutely true that the commodities rally of has taken shares of this molybdenum miner way above my old Jubak Picks target price of $7 a share by December 2009. And it’s...Two winning stocks in the war over iron ore
The body count is five and rising. First, the Beijing government arrested four Rio Tinto (RTP) staffers  in China to negotiate the price of iron ore with Baosteel and other Chinese steel makers. Then, the Chinese detained an executive at steelmaker Shougang Group and...Sell Plum Creek Timber PCL
Results for Plum Creek Timber (PCL) have been grim lately. But, unfortunately, I don’t think we’ve heard the last of the bad news. In fact the second half of 2009 could bring significant disappointments. So I’m going to take my punishment now and sell these shares...Buy Yara International (YARIY.PK)
The bottom isn’t in yet for fertilizer sales. On June 25, the big dog in the industry, Potash of Saskatchewan (POT), reduced its guidance for the second quarter of 2009 because customers around the world continue to defer purchases and prices continue to slip. Yara...Jim’s Daily Email Alerts:
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