Analyst View, Impact of Global Events - Research Report on Newmont Mining Corporation and Orbital Sciences Corp.
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HONG KONG, Oct 11 (MARKET WIRE) --
Today, www.WorldStreetFundamentals.com released its industry report
highlighting Newmont Mining Corporation (NYSE: NEM) and Orbital Sciences
Corp. (NYSE: ORB). Full fundamental and technical analysis is available
at www.WorldStreetFundamentals.com/Reports.php?id=NEM+ORB.
Short-term outlooks within US and global economies continue to adjust
downward, as US Treasury yields touched their lowest levels in over 65
years. International Monetary Fund downgraded estimates for US growth by
1.0% this year, down from 2.5%. 'Significant downside risks' to the US
economy were confirmed by the Federal Reserve pressured by 'strains in
global financial markets.'
As the US dollar trades above an eight-month high against the Euro, it
highlights a deepening of the Eurozone sovereign debt crisis -- furthered
by continued policy inaction from European governments. We expect
continued volatility until economic data stabilizes and we see decisive
policy action to deal with the Eurozone debt crisis.
Our members are preparing for a turn in tides. Currently, the Credit
Suisse Risk Appetite Indicator is at a 30-year low. For the past three
occurrences, this level has acted as a leading indicator of large stock
market rallies 18 months following.
World Street Fundamentals has highlighted Newmont Mining Corporation for
its current position within the basic materials industry. Newmont Mining
Corporation (Newmont) is a gold producer. At December 31, 2010, Newmont
had gold reserves of 93.5 million ounces and an aggregate land position
of approximately 27,500 square miles (71,100 square kilometers). Newmont
is also engaged in the production of copper, principally through its Batu
Hijau operation in Indonesia and Boddington operation in Australia. The
entire report on Newmont Mining Corporation (NYSE: NEM) is available
here: www.WorldStreetFundamentals.com/Report.php?id=NEM.
World Street has featured Orbital Sciences Corp. for its development
within the industrial goods industry. Orbital Sciences Corporation
develops and manufactures small- and medium-class rockets and space
systems for commercial, military and civil government customers,
including the United States Department of Defense (DoD), the National
Aeronautics and Space Administration (NASA) and other United States
Government agencies. The entire report on Orbital Sciences Corp. (NYSE:
ORB) is available here: www.WorldStreetFundamentals.com/Report.php?id=ORB.
About World Street
World Street Fundamentals is an online portal for
professionals, investors and new-comers to the markets to find in depth
comprehensive research and research tools to help guide you through the
ever changing financial markets.
Contact:
Adam Redford
editor@worldstreetfundamentals.com
www.WorldStreetFundamentals.com
Copyright 2011, Market Wire, All rights reserved.
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