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Gold Stock #2: Rubicon Minerals Corp. (RBY)

Gold stock #2 -- Rubicon Minerals Corp. (RBY)Gold exploration company Rubicon Minerals Corp. (RBY) broke out to new all-time highs in 2009, and currently has no overhead supply or resistance.

Here the Moving Average Convergence/Divergence (MACD) tells us that RBY looks to be in a parabolic move up and is showing no negative divergence.

My conservative target for RBY is $9, but I expect the stock to clear that target and head even higher.

Continue reading Gold Stock #2: Rubicon Minerals Corp. (RBY)

The Five Hottest Gold Stocks for 2010

The 5 Hottest Gold Stocks of 2010If you missed the gold run in 2009, don't beat yourself up. Some of the biggest profits of this year will come from gold stocks. That's right, gold is the number one sector to invest in for 2010.

Gold has risen for nine straight years without a single year of negative returns and this year will be no different. And gold is not a U.S. dollar story. Gold isn't rising on the dollar alone. It's hitting new highs in every currency around the globe and not all the world's currencies experienced a complete freefall like the greenback.

Continue reading The Five Hottest Gold Stocks for 2010

Analyst upgrades, downgrades and initiations: PVH, CBS, LDK, BIDU, DE ...

Analyst upgrades:
  • Citigroup upgraded Phillips-Van Heusen (NYSE: PVH) to Buy from Hold following the company's Q1 results as it believes management is executing well in the current environment and that the company could meet the high end of guidance. The firm raised its price target to $24 from $19.
  • Friedman Billings upgraded Cliffs Natural (NYSE: CLF) to Outperform from Market Perform as it believes capacity utilization has stabilized and CLF's valuation is attractive at current levels. The firm raised its price target to $27 from $23.
  • Thomas Weisel believes demand at Microchip's industrial (NASDAQ: MCHP) customers has troughed and that market share loss concerns are unwarranted. The firm upgraded shares to Overweight from Market Weight and raised its target to $27 from $19.
  • CBS Corp (NYSE: CBS) was upgraded to Neutral from Sell at Goldman.
  • U-Store It Trust (NYSE: YSI) was raised to Outperform from Neutral at Baird.
  • Ener1 (NASDAQ: HEV) was lifted at Banc of America/Merrill to Buy from Neutral.

Continue reading Analyst upgrades, downgrades and initiations: PVH, CBS, LDK, BIDU, DE ...

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 10, 2012: 06:55 PM

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