Stock Market Alerts' performance stock list includes: China Armco Metals, Inc. (AMEX: CNAM), Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), CONSOL Energy Inc. (NYSE: CNX) and Alcoa, Inc. (NYSE: AA).

Yesterday after the markets closed, China Armco Metals, Inc. (AMEX: CNAM) announced record financial results for the year ended December 31, 2009.

For the full year of 2009 China Armco generated record revenue of $86.9 million as compared to revenue of $55.4 million for the same period of 2008, an increase of 57%. The performance for the full year of 2009 reflected a marked improvement in the Chinese economy, particularly in the steel production industry resulting in an increase in demand and prices of metal ore in China Armco's metal ore distribution business. Performance was also aided by an increase in capital available to China Armco through various credit facilities obtained throughout 2009.

Cost of goods sold for the full year of 2009 were $78.0 million, an increase of $26.8 million compared to the full year of 2008. Gross margins were 10.3% for the year ended December 31, 2009 versus gross margins of 7.5% in 2008. Overall margins were favorably impacted by a rising price environment for a number of metal ore distributed by China Armco coupled with China Armco's effective sourcing capabilities. China Armco derives profits from sales of several types of ore. Each type of ore has a target gross margin and when [combined] produced the 10.3% blended gross profit margin for China Armco. Operating expenses for the full year of 2009 were $1.7 million as compared to $1.3 million for the same period in 2008. The increase is mainly a result of costs associated with the launching of its metal recycling operations in 2010.

For the year ended December 31, 2009 net income rose to $5.1 million as compared to $3.3 million in 2008, an increase of 55%. On a basic and diluted basis, earnings per share for the full year of 2009 were $0.51 per share based on 10.1 million weighted average common shares outstanding as compared to $0.44 per basic and diluted share in 2008 on 7.5 million weighted average common shares outstanding.

Investors are urged to read yesterday's press release for complete details.

The stock closed yesterday at $9.39 cents a share.

For an in-depth profile of China Armco Metals, visit http://www.wallstreetenews.com/view-company-profiles.php?profile=CNAM_080909.

To receive FREE Mobile Stock Alerts formatted especially for your cell phone, text the word "press" in the subject line to 68494.

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) down 0.1% on 8.2 million shares traded. FCX is a leading international mining company with headquarters in Phoenix, Arizona.

CONSOL Energy Inc. (NYSE: CNX) up 0.8% on 8.1 million shares traded. CONSOL Energy, a high-Btu bituminous coal and natural gas company, is a member of the Standard & Poor's 500 Equity Index and the Fortune 500.

Alcoa, Inc. (NYSE: AA) down 1.1% on 23.3 million shares traded. Alcoa, Inc. is one of the world leaders in the production and management of primary aluminum, fabricated aluminum and alumina combined, through its active and growing participation in all major aspects of the industry.

This advertisement is provided by Wall Street Enews, a division of Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company". The company also maintains a contractual, working relationship with Wall Street Capital Funding LLC. and its Wall Street News Alert brand. For current services performed for China Armco Metals, Inc. (AMEX: CNAM), China Direct Industries, Inc. ("China Direct Industries"), Dragon Capital Group Corp, China America Holdings, and Dragon International Group Corp., the company has been compensated a total of Three Hundred Thousand Dollars (Two Hundred and Fifty Thousand dollars for current services and Fifty Thousand dollars for previous services) by China Direct Investments Inc., a Florida corporation, and a wholly owned subsidiary of China Direct. The company does not hold any shares of the stock. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.

The information contained in this press release is for informational purposes only, and not to be construed as an offer to sell or solicitation of an offer to buy any security. The company makes no representation or warranty relating to the validity of the facts presented nor does the company represent or warrant that all material facts necessary to make an investment decision are presented above. Stock Market Alerts LLC is an advertising company and therefore, this release should be viewed for informational purposes only.

The company relies exclusively on information gathered on the public company, such as public filings, press releases and its web sites. Investors should use the advertising information contained in this release as a starting point for conducting additional research on the public company in order to allow the investor to form his or her own opinion regarding the public company. Factual statements contained in this publication are made as of the date stated and they are subject to change without notice. The company is not a registered investment adviser, broker or a dealer.

Investing in the public company that this release is providing service for should be reviewed as speculative and a high-risk and may result in the loss of some or all of any investment.

This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements.

AMEX:CNAM NYSE:FCX NYSE:CNX NYSE:AA
Freeport McMoRan (NYSE:FCX)
Historical Stock Chart
Von Jun 2024 bis Jul 2024 Click Here for more Freeport McMoRan Charts.
Freeport McMoRan (NYSE:FCX)
Historical Stock Chart
Von Jul 2023 bis Jul 2024 Click Here for more Freeport McMoRan Charts.