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Carpenter Technology Acquires Oilfield Alloys for $4.8M
Monday, June 27, 2011 - 8:00am | 55Carpenter Technology Corporation (NYSE: CRS) announced today the acquisition of Oilfield Alloys Pte. Ltd. for $4.8 million. Based in Singapore, Oilfield Alloys manufactures and distributes directional drilling equipment in the Asia-Pacific region. A distributor of several Carpenter non-magnetic...
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Deutsche Bank Updates 6/27
Monday, June 27, 2011 - 6:42am | 237Deutsche Bank made a number of updates in a research report published today. PGT Inc (NASDAQ: PGTI) had its rating maintained at Buy and its price target reiterated at $3.50. On Friday, PGT added 7.18% to its value to finish the week at $1.94. Cliffs (NYSE: CLF) had its rating maintained at Buy...
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Cliffs Natural Resources Announced Today That Regulatory Agencies Have Denied A Submitted Remediation Plan
Friday, June 24, 2011 - 4:31pm | 143Cliffs Natural Resources Inc. (NYSE: CLF) announced today that regulatory agencies have denied a submitted remediation plan designed to address detected levels of carbon monoxide at the Company's Pinnacle Mine in West Virginia. The plan would have allowed the Company to resume underground mining...
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Options Brief: Worthington Industries, Inc.
Friday, June 24, 2011 - 12:16pm | 69Shares of Worthington Industries, Inc. (NYSE: WOR) are higher on the session by 0.05%, trading at $19.95. Overall call volume is now running at 24.29x the daily average, with 55% of all calls traded being purchases on the offer. 1,652 contracts have traded on the session so far. Worthington...
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Options Brief: ArcelorMittal
Friday, June 24, 2011 - 11:44am | 77Shares of ArcelorMittal (NYSE: MT) are lower on the session by 0.47%, trading at $32.07. Overall call volume is now running at 2.47x the daily average, with 42% of all calls traded being purchases on the offer. 16,699 contracts have traded on the session so far. ArcelorMittal is a global steel...
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Options Brief: ArcelorMittal
Friday, June 24, 2011 - 10:16am | 86Shares of ArcelorMittal (NYSE: MT) are higher on the session by 0.25%, trading at $32.14. Overall call volume is now running at 2.15x the daily average, with 39% of all calls traded being purchases on the offer. 14,512 contracts have traded on the session so far. ArcelorMittal is a global steel...
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Stocks to Watch for 6/24/11: Fresh 52 Week Highs and Lows
Friday, June 24, 2011 - 4:30am | 2005Stocks 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 Thursday's trading session: 1) Bristol-Myers Squibb (NYSE: BMY): Shares of Bristol-Myers Squibb hit a 52-week...
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Mad Money Lightning Round: Cramer Likes Apple, Freeport McMoRan
Friday, June 24, 2011 - 12:54am | 228On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Apple (NASDAQ: AAPL) “appears to have recently bottomed at $310 a share. It sells at just three times cash. I believe that Apple can go higher." Cramer said that he “did a huge mea culpa on Oclaro (NASDAQ: OCLR).” He added, “I...
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Cliffs Natural Resources: Riding The China Steel Wave
Thursday, June 23, 2011 - 8:16pm | 841Cliff's Natural Resources (NYSE: CLF)Price: $82.80Forward P/E: 5.8Earnings Growth: 94%Projected Sales Growth: 52%Market Cap: $11.32 billionWhy It's Featured:Earnings will almost double this year; high operating and profit margins; notable Return on Equity and Assets.Danger Zones:Extreme price...
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Forget The Greek Tragedy, Follow The Dollar
Thursday, June 23, 2011 - 3:26pm | 255We can examine this market until we are blue in the face. Will Greece get bailed out for a second time in two years or not? Will the European Union fall apart? The truth of the matter is that we just need to simply follow the U.S. Dollar Index. When the U.S. Dollar Index declines the major stock...
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United States Steel Looking to Turn Positive
Thursday, June 23, 2011 - 1:15pm | 51After trading down as much as 2% (intraday low of $41.68) from yesterday's close earlier in the session, shares of United States Steel (NYSE: X) are now closing in on positive territory. The stock is currently trading down twelve cents to $42.48. Yesterday's closing price was $42.60.
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BMO Raises PT On Cliffs Natural Resources To $100
Thursday, June 23, 2011 - 6:36am | 28BMO Capital Markets has raised the price target on Cliffs Natural Resources (NYSE: CLF) to $100 and maintains its Outperform rating.
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Top 4 Large-Cap Stocks In The Steel & Iron Industry With The Highest EPS
Thursday, June 23, 2011 - 12:20am | 129Below are the top large-cap steel & iron stocks on the NYSE and the NASDAQ in terms of earnings per share. The trailing-twelve-month earnings per share at VALE SA (NYSE: VALE) is $4.56. VALE's operating margin for the same period is 51.15%. The trailing-twelve-month earnings per share at...
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Mad Money Lightning Round: Cramer Likes Verizon
Thursday, June 23, 2011 - 12:17am | 223On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Verizon (NYSE: VZ) “should be a core position in your portfolio. They have growth and yield." Cramer advises investors to sell Youku.com (NYSE: YOKU). He added, “This decline is not a buying opportunity. Baidu.com (NASDAQ: BIDU)...
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Wednesday's S&P Sector Recap 6/22/11
Wednesday, June 22, 2011 - 5:44pm | 1502The S&P 500 traded in positive territory for most of session on Wednesday, but sellers came in around 2:25pm, as the index neared its intraday high of 1298.61. The S&P proceeded to drop 11.47 points to close at 1287.14 – down 8.38 on the day. The Sector Breakdown for Wednesday's session...