Edgewater 10/15/2010 12:33:51 AM
News / Science & Technology

Top Traded Basic Material Stocks (CVX, TOT, CENX, NOR)

Basic Material Stocks

Chevron Corporation (NYSE:CVX) slid 0.35% to $83.38. Yesterday, the oil giant said it expects third-quarter earnings will come in below its second-quarter results. The latest results are due Oct. 29.

Analysts currently expect third-quarter earnings of $2.30 a share, down from $2.70 a share in the second quarter but up from $1.72 a share Chevron posted in the third quarter of 2009.  

TOTAL S.A. (ADR) (NYSE:TOT) jumped 1.59% to $54.81. Earlier this week, the company announced the signature of a farm out agreement with Gazprom for the transfer of a 20% interest in the Ipati and Aquio licenses in Bolivia. Subject to the Bolivian authorities' approval, the partnership on these licenses will be constituted by Total (60%, operator), Tecpetrol (20%) and Gazprom (20%).

Yesterday, the company announces new gas Discovery.

Century Aluminum Company (NASDAQ:CENX) added 1.13% to $14.33. The company will report third quarter 2010 earnings on Tuesday, October 26th after the close of market trading.

The 52-week range of the stock is $8.15-$18.77. At current market price, the market capitalization of the company stands at $1.33 billion.

Noranda Aluminum Holding Corporation (NYSE:NOR) slid 0.67% to $10.32. Noranda Aluminum Holding Corporation is a North American integrated producer of aluminum products and rolled aluminum coils.

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