The materials sector is trading +1.3% versus the broader market is +0.5%.
In broker news: BRCM +5.8% (Broadcom added to Top Picks list at FBR Capital), NSU +2.4% (Nevsun Resources initiated with an Outperform at RBC Capital), RKT -1.0% (Rock-Tenn downgraded to Hold from Buy at Deutsche Bank), WY -5.6% (Weyerhaeuser downgraded to Sell from Hold at Deutsche Bank).
In sector news: SVBL +4.9% (Silver Bull Resources announced an intercept of 7.6 g/t gold over 9 meters on the Ndjole exploration license held by Dome Ventures, a 100% owned subsidiary), MASC +3.6% (Material Sciences authorizes 1 mln additional stock repurchase program), GORO +1.8% (Gold Resource declares May Special Cash Dividend of $0.04 per common share to its shareholders of record June 13, payable June 17, 2011).
DD +1.7% (DuPont reinstated with Neutral at Goldman), NXG +1.1% (Northgate Minerals underground delineation drilling at Young-Davidson Mining Project confirms zone geometry and grade), CMC +0.1% (Commercial Metals entered into a definitive agreement to purchase G.A.M. Steel; terms not disclosed).






