We are starting out June with the following recommended spreads.
We are recommending credit spreads in the following issues.
NEM - Newmont Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, and production of gold and copper properties. The companyÂ’s assets or operations are located in the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand, and Mexico. As of December 31, 2009, it had proven and probable gold reserves of approximately 93.5 million equity ounces and an aggregate land position of approximately 27,500 square miles.
MT - ArcelorMittal, together with its subsidiaries, engages in the production and marketing of steel worldwide. The company offers semi-finished flat products, such as slabs; finished flat products, including plates, hot and cold rolled coils and sheets, hot dipped and electro-galvanized coils and sheets, and tinplate and color coated coils and sheets; semi-finished long products comprising blooms and billets; finished long products, such as bars, wire-rods, structural sections, rails, and wire products; seamless and welded pipes and tubes; and stainless steel products. Its products are sold primarily to customers in the distribution and processing, automotive, pipe and tubes, construction, packaging, general industry, household equipment, and appliances industries.
CREE - Cree, Inc. develops and manufactures light emitting diode (LED) products, silicon carbide (SiC) and gallium nitride (GaN) material products, and power and radio frequency (RF) products. Its LED products include LED chips used in various applications, including video screens, gaming displays, function indicator lights, and automotive backlighting; LED components; and LED lighting products. The companyÃ¢Â€Â™s SiC and GaN materials comprise SiC and GaN wafers, which are used in manufacturing LEDs, RF and microwave devices, and power devices, as well as in research and development. Its power and RF products include power switching devices made from SiC, including 600 and 1,200-volt Schottky diode products that are used in power factor correction circuits for power supplies in computer servers and other applications, such as solar inverters; and RF microwave devices made from SiC or GaN, which include 10-watt and 60-watt SiC transistors, and metal-semiconductor field effect transistor products, as well as GaN high electron mobility transistors and monolithic microwave integrated circuits for broadband amplifiers or for WiMAX applications.
FDX - FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates in four segments: FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services. The FedEx Express segment offers various shipping services for the delivery of packages and freight. This segment also provides international trade services specializing in customs brokerage, and ocean and air freight forwarding services; customs clearance services, as well as global trade data, an information tool that allows customers to track and manage imports; and international trade advisory services, including assistance with the customs-trade partnership against terrorism program, as well as publishes customs duty and tax information in various customs areas. In addition, it offers supply chain solutions, including critical inventory logistics, transportation management, fulfillment, and fleet services.
WFM - Whole Foods Market, Inc. engages in the ownership and operation of natural and organic food supermarkets. The company offers produce, seafood, grocery, meat and poultry, bakery, prepared foods and catering, coffee and tea, nutritional supplements, and vitamins. It also provides specialty products, such as beer, wine, and cheese; body care and educational products, such as books; and floral, pet, and household products.
We are recommending the following specific credit spreads.
Call Credit spreads = Bearish call spreads.
Put Credit spreads = Bullish put spreads.