FCX Freeport McMoRan Inc

Stock Market Alerts' performance stock list includes: China Direct Industries, Inc. (NASDAQ: CDII), Sybase, Inc. (NYSE: SY), Apple Inc. (NASDAQ: AAPL) and Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX).

Following yesterday's press release announcing its financial results, which included revenue of $23.4 million (see details below), China Direct Industries (NASDAQ: CDII) issued a press release announcing that its wholly owned subsidiary, CDII Trading, Inc. ("CDII Trading") has entered into a contract to supply manganese ore over the next 12 months to a privately held China-based trading and refining company.

CDII Trading expects to supply manganese ore to its China-based buyer to be obtained under a signed purchase agreement with a Chilean mining company over a twelve-month period. CDII Trading is in the process of finalizing financing for its supplier to produce the required quantity of ore to fulfill this contract and expects to begin the first shipment in July 2010. Upon successful completion of this shipment, CDII Trading expects to supply additional shipments to its China-based buyer on a monthly basis over a twelve-month period. CDII Trading estimates that the sales contract has the potential to generate up to $18 million in revenue over the course of the twelve-month period.

Yesterday after the markets closed, the company also reported its financial results for the second quarter of fiscal 2010 ended March 31, 2010. Highlights included:

For the second quarter of fiscal 2010 total revenues increased to $23.4 million as compared to total revenues of $20.7 million for the three month period ended March 31, 2009. We recorded net income for our second quarter of fiscal 2010 of $1.7 million or $0.06 per diluted and basic earnings per share as compared to a net loss of ($1.5 million) or a loss of ($0.06) per diluted and basic share in the three month period ended March 31, 2009.

At March 31, 2010, our total assets were $83.1 million and shareholder equity was $51.9 million with 30.8 million shares outstanding. At September 30, 2009, total assets were $80.5 million and shareholder equity of $46.1 million with 27.2 million shares outstanding. At March 31, 2010 cash and cash equivalents were $15.1 million and working capital was $37.9 million. At September 30, 2009 cash and cash equivalents were $12.9 million and working capital was $31.0 million.

Commenting on the second quarter, Dr. James Wang, Chairman and CEO of China Direct Industries, Inc., stated, "We are pleased to return to profitability in the second quarter as we see momentum building for the second half of fiscal 2010. We are also pleased that all of our business segments showed improvements in the quarter. We move into the remainder of fiscal 2010 poised to see a strong reacceleration of growth as our end-markets in our various business segments continue to strengthen. We are confident that the restart of our magnesium facilities coupled with a strong performance in our consulting operations and CDII Trading will boost our performance significantly in the coming quarters as our company emerges from the challenging environment we have faced since the fall of 2008."

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

The stock closed yesterday at a $1.56 a share.

For an in-depth profile of China Direct Industries, visit http://www.wallstreetenews.com/view-company-profiles.php?profile=CDII_051210

Sybase, Inc. (NYSE: SY) up 35% on 29 million shares traded. Sybase is an industry leader in delivering enterprise and mobile software to manage, analyze and mobilize information.

Apple Inc. (NASDAQ: AAPL) up 2.1% on 23.3 million shares traded. Apple continues to lead the industry in innovation with its award-winning computers, OS X operating system and iLife and professional applications.

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) up 3.9% on 27.8 million shares traded. FCX is a leading international mining company with headquarters in Phoenix, Arizona.

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