-
Calls Purchased on Schnitzer Steel Industries
Wednesday, June 29, 2011 - 12:09pm | 119Shares of Schnitzer Steel Industries (NASDAQ: SCHN) are higher on the session by 3.50%, currently trading at $56.50. The stock has been moving largely lower over the past five months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A...
-
Deutsche Bank Maintains Buy on Cliffs Natural Resources
Wednesday, June 29, 2011 - 8:53am | 151Deutsche Bank is out with its report today on Cliffs Natural Resources (NYSE: CLF), maintaining Buy after attending Cliffs Investor Day. In a note to clients, Deutsche Bank writes, "We believe management provided compelling evidence of a successful M&A track record and the fruits of a decade-...
-
Citi Maintains Buy on Cliffs Natural Resources
Wednesday, June 29, 2011 - 8:34am | 141Citi is out with its report today on Cliffs Natural Resources (NYSE: CLF), maintaining Buy. In a note to clients, Citi writes, "We rate Cliffs Natural Resources Buy/High Risk (1H). Key elements of the investment thesis are: Improving Mill Utilization and Iron Ore Shipments – With the steep drop in...
-
Benzinga's Top Upgrades
Wednesday, June 29, 2011 - 8:16am | 140Analysts at Jefferies & Company upgraded Susquehanna Bancshares Inc (NASDAQ: SUSQ) from “hold” to “buy.” SUSQ's shares closed at $7.69 yesterday. SUSQ's trailing-twelve-month operating margin is 14.56%. Analysts at Deutsche Bank upgraded Legg Mason (NYSE: LM) from “hold” to “buy.” LM's shares...
-
Sutor Technology Group Signs Supply Contract with Bayi Iron & Steel
Wednesday, June 29, 2011 - 8:02am | 125Sutor Technology Group Limited (Nasdaq: SUTR) today announced Ningbo Zhehua Heavy Steel Pipe Manufacturing Co., Ltd., a subsidiary of Sutor, has signed a contract to supply steel pipes to BAOSTEEL Xinjiang Bayi Iron & Steel Company Limited (Bayi Iron & Steel). Bayi Iron & Steel is a...
-
Deutsche Bank Updates 6/29/11
Wednesday, June 29, 2011 - 7:59am | 829Deutsche Bank made a number of updates in a research report published today. Legg Mason (NYSE: LM) had its rating upgraded from Hold to Buy. At the same time, its price target was raised from $36 to $38. On Tuesday, Legg Mason added 0.5% to its value to end the day at $31.94....
-
Deutsche Bank Upgrades AKS, X To Buy
Wednesday, June 29, 2011 - 5:48am | 41Deutsche Bank has upgraded the following companies: AK Steel (NYSE: AKS) From Hold to Buy, PT $17.5 US Steel (NYSE: X) From Hold to Buy, PT $56
-
Stocks to Watch for 6/29/11: Fresh 52 Week Highs and Lows
Wednesday, June 29, 2011 - 4:11am | 2861Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Tuesday's trading session: 1) CIGNA (NYSE: CI): Shares of CIGNA hit a 52-week high of $51.16 in Tuesday's...
-
Mechel Reports Upbeat Q1 Profit
Wednesday, June 29, 2011 - 4:08am | 103Mechel OAO (NYSE: MTL) reported a strong rise in its first-quarter net profit. The company reported its net profit at $309.12 million, up from $82.58 million, in the year-earlier period. Analysts were expecting a profit of $274 million. Its revenue surged 54% to $2.93 billion. Its adjusted...
-
Universal Stainless & Alloy Products First Down Day In A While
Tuesday, June 28, 2011 - 11:16am | 82Universal Stainless & Alloy Products (NASDAQ: USAP) shares are suffering their first down day in a while, losing 30 cents to $44.95, a loss of 0.66%. Shares had reached a high of $46.25 earlier in the session, but have given up all of those gains are now negative on the day. Universal...
-
Morning Market Movers
Tuesday, June 28, 2011 - 9:53am | 129Elecsys Corporation (NASDAQ: ESYS) shares gained 20.08% to $6.16 at 9:50 am. ESYS shares have surged 52.23% over the past 52 weeks, while the S&P 500 index has gained 19.13% in the same period. Orsus Xelent Technolgies Inc (AMEX: ORS) climbed 15.30% to $5.35. ORS shares have jumped 54.67% over...
-
Carpenter Technology Prices Debt Offering of $250M of its 5.20% Senior Notes due 2021
Tuesday, June 28, 2011 - 9:23am | 131Carpenter Technology Corporation (NYSE: CRS) today announced that it has priced an underwritten public offering of $250,000,000 in aggregate principal amount of its 5.20% senior notes due 2021. Carpenter Technology Corporation expects to use the net proceeds from the issuance of the senior notes to...
-
Bull & Bear: United States Steel Corporation
Monday, June 27, 2011 - 2:55pm | 237Shares of United States Steel Corporation (NYSE: X) are trading higher on the session by 0.86%, at $42.18. With shares sliding lower seemingly every week, you have to wonder where they could head next… Bulls: Bulls will note that United States Steel Corporation is approaching the $40.00 historical...
-
So Far The Falling U.S. Dollar Index Saves Monday
Monday, June 27, 2011 - 10:53am | 176This morning, the U.S. Dollar Index has declined sharply since the opening bell rang at the New York Stock Exchange(NYSE). By now, we should all know when the U.S. Dollar Index declines the major stock market indexes will usually inflate and trade higher. That is certainly the case this morning,...
-
GE Capital is Agent for $228.9 Million Project Financing to Support Greenpac Mill, LLC
Monday, June 27, 2011 - 8:42am | 214GE Capital today announced it is administrative agent for a total of $228.9 million in project finance credit facilities to fund the development, construction and operation of Greenpac Mill, LLC, a greenfield recycled linerboard mill by Norampac, a division of Cascades, Inc. (TSX: CAS) and other...