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Three housing stocks we like now: Toll Brothers, DR Horton and Home Depot

By Ben DickeyThe U.S. economy has continued to slowly expand as we move further into the second quarter. The initial reading on 1st quarter GDP was revised down to 2.5% . Sequestration and the payroll tax increase are slowing the economy, even though we believe the full effects have not been fully implemented. The April personal income was flat, no increase over March. The April personal spending was down 0.1% from March.For the fourth year in a row, problems overseas continue to threaten the U.S. economy. For the last three years, fears of a euro-zone financial collapse scared investors both here and abroad. In their recent update, the OECD (Organization for Economic Cooperation and Development) stated that the extended period of economic weakness in Europe could lead to world stagnation or worse.For a second year they have continued to lower their economic forecast for Europe. They are predicting that it will shrink another 0.6% which is on top of last years negative 0.5%.Also, the C...

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  1. Plains Exploration Board Approves Freeport-McMoRan Deal

    Plains Exploration & Production Co.'s (PXP) board Monday approved a $6.5 billion merger with Freeport-McMoRan Copper & Gold Inc. (FCX), overcoming earlier pressure t...

  2. Plains Exploration to Pay $3 Special Dividend if Freeport-McMoRan Deal Closes

    Plains Exploration & Production Co.'s (PXP) board declared a special dividend of $3 a share, which is conditioned upon the oil company's completed merger with Freepo...

  3. Copper Inches Up As Supply Disruptions Offset Demand Worries

    Copper futures are slightly higher Monday as traders weigh the supportive impact of supply disruptions against worries that higher property prices in China will forc...

  4. Indonesian Mine Still Closed; Hopes Fade for Trapped

    PT Freeport Indonesia's massive mining operations in Papua remained closed Monday, with labor unions demanding the shutdown continue until remaining bodies are recov...

  5. Copper Rises on Brighter Economic Data, Supply Disruption

    Copper futures settled higher Friday on data pointing to economic improvement in Europe and the U.S. and as one of the world's largest copper mines remains shut afte...

  6. Copper Climbs on Higher EU Auto Sales, Grasberg Disruption

    Copper prices rose after European auto sales surprised the market with their first increase in 20 months, and as one of the world's largest copper mines remains shut...

  7. Plains: Majority of Voting Shareholders Choose Freeport Stock as Merger Payment

    Plains Exploration & Production Co. (PXP) said a large percentage of its shareholders chose to receive stock consideration as payment in its proposed merger with Fre...

  8. 4 Killed, 23 Still Trapped in Freeport Mine Tunnel Collapse -Indonesia Ministry

    Four mine workers have been confirmed dead and 23 are still trapped underground after a tunnel collapsed Tuesday near PT Freeport Indonesia's massive Grasberg copper...

  9. Copper Falls on Worries of Weaker Demand From Europe, China

    Copper futures prices are at a one-week low as mixed economic data from Europe and lower growth expectations for China fanned concerns about demand.Europe is second ...

  10. Freeport Indonesia Tunnel Collapse Is Outside of Mining Areas -Company

    The underground tunnel collapse Tuesday at one of PT Freeport Indonesia's operations occurred near the company's massive Grasberg copper and gold mine in Papua outsi...

  11. Plains CEO urges shareholders to back Freeport deal

    The chief executive of Plains Exploration & Production Co urged shareholders on Monday to vote in favor of Freeport McMoRan Copper & Gold Inc's proposed takeover of ...

  12. Plains Exploration CEO Urges Shareholders to Back Freeport-McMoRan Merger

    The chief executive of Plains Exploration & Production Co. (PXP) urged shareholders to back the company's proposed merger with Freeport-McMoRan Copper & Gold Inc. (F...

  1. Freeport to restart Indonesia open-pit mining soon: government official

    Freeport McMoRan Copper & Gold Inc's Indonesian unit will restart open-pit mining operations at its Papua copper mine soon, Deputy Energy and Mineral Resources Minis...

  2. Copper Hits One-Week Low as Chinese Manufacturing Disappoints

    Copper futures slipped on Thursday, pulling back from the previous day's near-six-week high as weaker Chinese manufacturing data hit the demand outlook for the metal...

  3. Copper Slumps on Weak Chinese Manufacturing, Fed Worries

    Copper futures retreated Thursday on worries about demand after data showed the manufacturing sector in top consumer China shrank this month.The most actively traded...

  4. Freeport Indonesia CEO: Uncertain When Mining Operations to Resume

    PT Freeport Indonesia is uncertain when it will restart operations at its mines in the eastern province of Indonesia after a tunnel collapse in an underground traini...

  5. Plains Exploration Shareholders Approve Freeport-McMoRan Deal

    Plains Exploration & Production Co.'s (PXP) shareholders Monday approved a $6.5 billion merger with Freeport-McMoRan Copper & Gold Inc. (FCX), overcoming earlier pre...

  6. Economists Expect Rise in Consumer Spending

    FBN’s Jo Ling Kent on an expected increase in consumer spending this year according to an NABE survey of economists.

  7. Copper Gains on Mine Stoppage Despite China Property Worries

    Copper futures climbed on Monday as a supply disruption from a major mine outweighed worries about Beijing's efforts to cool Chinese property prices.The most activel...

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