CHICAGO, Feb. 1, 2011 /PRNewswire/ -- Zacks highlights
commentary from People and Picks Trader
"inthemoneystocks".
(Logo:
http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)
For more Voice of the People, visit
http://at.zacks.com/?id=5851
Featured Post
China Pop Lifts Commodity Stocks
February 1, 2011 - RELATED
TICKERS: Freeport McMoRan Copper & Gold Inc. (NYSE:
FCX), Southern Copper Corp. (NYSE: SCCO) and Cliffs
Natural Resources Inc. (NYSE: CLF).
Last night, the important Shanghai Index (Chinese market)
rallied higher by 1.38 percent. This type of rally in the Chinese
markets will often help lift the popular commodity stocks.
This morning many leading commodity stocks such as Freeport
McMoRan Copper & Gold Inc. (NYSE: FCX), Southern Copper
Corp. (NYSE: SCCO) and Cliffs Natural Resources Inc.
(NYSE: CLF), are all trading sharply higher. It is also very
important to note that the U.S. Dollar Index is trading sharply
lower today and this will usually help to inflate most of the
leading commodity stocks higher.
Should the U.S. Dollar Index find support and rally, the leading
commodity stocks could pullback or deflate lower. Short-term
traders can watch for short term intra-day resistance on FCX around
the $109.35 level intra-day. Should
the U.S. Dollar Index decline further FCX stock could trade higher.
The opposite would be likely occur if the U.S. Dollar index rallies
as traders should look for a decline in FCX.
About the Zacks Community
In 2008, Zacks Investment Research launched PeopleAndPicks.com,
a stock-picking website where members of the Zacks community can
test their strategies and share ideas with other members. Each user
is scored on the accuracy of his or her picks, and top users are
rewarded with free products from Zacks. Registration is free. To
learn more about People And Picks, visit
http://at.zacks.com/?id=5957
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc.,
which was formed in 1978 by Leonard
Zacks. As a PhD in mathematics Len knew he could find
patterns in stock market data that would lead to superior
investment results. Amongst his many accomplishments was the
formation of his proprietary stock picking system; the Zacks Rank,
which continues to outperform the market by nearly a 3:1 margin.
The best way to unlock the profitable stock recommendations and
market insights of Zacks Investment Research is through our free
daily email newsletter; Profit from the Pros. In short, it's
your steady flow of Profitable ideas GUARANTEED to be worth your
time! Register for your free subscription to Profit From the Pros
by going to http://at.zacks.com/?id=5958.
Follow us on Twitter: http://twitter.com/ZacksResearch
Join us on Facebook:
http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Visit http://www.zacks.com/performance for information about the
performance numbers displayed in this press release.
Zacks Investment Research is under common control with
affiliated entities (including a broker-dealer and an investment
adviser), which may engage in transactions involving the foregoing
securities for the clients of such affiliates.
Disclaimer: Past performance does not guarantee future results.
Investors should always research companies and securities before
making any investments. Nothing herein should be construed as an
offer or solicitation to buy or sell any security.
Contact: Brent
Billock
|
|
People & Picks
Manager
Company: Zacks.com
Phone: 312-265-9307
Email: pandp@zacks.com
|
|
Visit: www.Zacks.com
|
|
|
SOURCE Zacks Investment Research, Inc.