Aluminum

Fresh signs of trouble for the global recovery and the Fed’s gloomier economic forecast rocked Wall Street on Wednesday, breathing new life into fears of a double-dip recession and sparking a 265-point plunge on the Dow. Wednesday’s Markets The Dow Jones Industrial Average fell 265.42 points, or 2....

Undoubtedly the unsteady economic recovery is worrying investors and policymakers alike. Yesterday, at the end of a one-day policy meeting, the Federal Reserve officials appeared concerned about the state of the recovery and said they would take steps to reinvigorate the economy. As expected, the...

Materials stocks are broadly lower today after a report showed China's imports grew weaker than expected. Annual import growth slowed to 22.7 percent from 34.1 percent in June, the General Administration of Customs said on Tuesday. Weaker import growth is a sign that Chinese investment is slowing....

The materials sector is performing well this morning and select names are posting solid gains. Cliffs Natural Resources (NYSE: CLF), which produces iron ore and metallurgical coal, is higher by $1.80, or 3.00%, to $61.83. U.S. Steel (NYSE: X) is higher by 52 cents, or 1.075, to $48.97. Alcoa (NYSE...

The major indices are paring losses after a disappointing jobs report sent the market down nearly 1% at the open. The Dow (DJIA) is now down a modest 29 points after plunging nearly 100 in the first few minutes of trading. The S&P 500 (SPX) is down 3.66 points, or 0.33%, to 1,122. The S&P...

Kaiser Aluminum Corporation (Nasdaq: KALU) released financial results late Monday that far exceeded Wall Street earnings estimates. Kaiser Aluminum Corporation announced that its 2nd quarter net income fell to $0.1 million, or 1 cent per share, from $20 million, or 97 cents per share, a year...

Kaiser Aluminum Corporation (NASDAQ: KALU) reports Q2 earnings of $0.71 versus estimates of $0.39. Kaiser Aluminum Corporation reports Q2 revenues of $282.4 million versus estimates of $280.34 million. "We expect third quarter demand for aerospace and high strength applications to continue at a...

Dahlman Rose says, “ArcelorMittal (NYSE: MT), AK Steel (NYSE: AKS), Century Aluminum (NASDAQ: CENX), General Moly (NYSE: GMO), Norsk Hydro (NYSE: NHY), and Vale (NYSE: VALE) reported 2Q10 results last week. Results were mixed, with 2Q10 earnings for MT, NHY, and AKS ahead of our estimates, and...

Materials stocks are surging today as traders place their bets that the global economic recovery will continue after stronger-than-expected manufacturing reports out of China and the U.S. Materials are closely tied to economic growth and are highly cyclical. If growth is strong such names will...

The Dow Jones Industrial Average (DJIA) pared nearly all its early morning losses to finish down 1 point at 10,466. The Dow was down triple digits in early trading after a weak GDP reading made investors question the economic recovery. However, stronger than expected readings on consumer sentiment...

When it comes to the stock market and especially earnings, it's all about expectations. Century Aluminum (NASDAQ: CENX) reported a profit last night of $5.1 million, or 5 cents per share for the second quarter. In the second quarter of 2009 the company lost $107.1 million, or $1.45 per share. Sales...

Among the notable stocks that are losing ground in the after hours trading session are Lions Gate Entertainment (NYSE: LGF), Cephalon (NASDAQ: CEPH), and Century Aluminum Company (NASDAQ: CENX). Lions Gate (NYSE: LGF) has fallen 2% in the after hours trading session after rallying 1.45% during...

Direxion Small Cap Bear 3X Shares (ETF) (NYSE: TZA) fell 7.34%, as the Russell 2000 Index gained 2.39% today. TZA closed at $32.08, and had a volume of 23.67M. ProShares UltraShort Russell2000 (ETF) (NYSE: TWM) is a bear ETF that tries to replicate the 200% of the inverse of the performance of the...

Direxion Daily Small Cap Bull 3X Shares(ETF) (NYSE: TNA) and ProShares Ultra Russell2000 (ETF) (NYSE: UWM) traded higher today, as the Russell 2000 Index closed the session higher for a second day in a row. TNA gained 7.30%, UWM added 4.84%, while Russell 2000 gained 2.39% today. ProShares Ultra...