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Arcelormittal Launches CAN$2.1B Dollar Investment
Friday, May 20, 2011 - 12:03pm | 146ArcelorMittal (NYSE: MT), today announces the expansion of its Mont-Wright mining complex and additional construction at Port-Cartier. The investment will allow ArcelorMittal Mines Canada to increase its annual production of iron ore concentrate from 14 million tons to 24 million tons by 2013....
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ArcelorMittal Launches CAN$2.1MDollar Investment; Creation of 8,000 Jobs
Friday, May 20, 2011 - 11:30am | 88ArcelorMittal (NYSE: MT), today announces the expansion of its Mont-Wright mining complex and additional construction at Port-Cartier. The investment will allow ArcelorMittal Mines Canada to increase its annual production of iron ore concentrate from 14 million tons to 24 million tons by 2013....
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Commodity Leaders Feel The Pressure
Friday, May 20, 2011 - 10:55am | 185As you all know by now, every trade is essentially a dollar trade. The leading commodity stocks will usually feel the pressure the most when the U.S. Dollar Index rallies. Therefore, traders should always watch for weakness in stocks such as Freeport McMoRan Copper & Gold Inc.(NYSE: FCX),...
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You Know It Is Options Expiration Week
Thursday, May 19, 2011 - 3:40pm | 227You know it is option week when: 1. The U.S Oil Fund (NYSE: USO) drops with the U.S. Dollar Index and trades in an 0.80 cents intra-day trading range. 2. Apple Inc.(NASDAQ: AAPL) opened at $342.40 and found an intra-day bottom at $338.67 which was an hour and twenty minutes later. 3. The U.S....
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UPDATE: Jefferies Raises PT on Olympic Steel to $32
Thursday, May 19, 2011 - 8:24am | 92Jefferies is out with its report on Olympic Steel (NASDAQ: ZEUS), raising its PT from $25 to $32. In a note to clients, Jefferies writes, "Our price target of $32 is based on a PE of 12x our 2012 estimate of $2.65 per share. This compares to the historical average range of 6.5x to 15.0x. Risks...
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Jefferies Raises PT On Olympic Steel To $32
Thursday, May 19, 2011 - 7:09am | 27Jefferies & Company has raised the price target on Olympic Steel (NASDAQ: ZEUS) from $25 to $32 and maintains its Hold rating.
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Bull & Bear: United States Steel Corporation (X)
Wednesday, May 18, 2011 - 4:47pm | 305Shares of United States Steel Corporation (NYSE: X) ended the session higher by 1.51%, trading at $45.67. With share hovering above $45.00, you have to wonder where they are heading next… Bulls: Bulls will note that the $45.00 is a significant support level and that the mere fact that shares have...
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Calls Purchased on Steel Dynamics (STLD)
Wednesday, May 18, 2011 - 2:50pm | 153Shares of Steel Dynamics (NASDAQ: STLD) are higher on the session by 1.08%, currently trading at $17.30. The stock has been moving largely lower over the past four months and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. A short while ago...
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Techs Drag 05-17-2011
Tuesday, May 17, 2011 - 6:28pm | 900Cusick's Corner The Bulls have the Buck, UUP, finishing the After Hours at the worst levels of the day. Tech, QQQQ, was the drag as earnings came in strong but forecasts were guided down for future quarters. Finance, XLF, finished the day at its best levels, taking some of the pressure off of the...
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Calls Purchased on Steel Dynamics, Inc. (STLD)
Tuesday, May 17, 2011 - 10:44am | 147Shares of Steel Dynamics, Inc. (NASDAQ: STLD) are higher on the session by 0.47%, currently trading at $17.10. The stock has been moving largely lower over the past six weeks and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. A short while...
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Should i buy Suburban Propane, Nucor, Olin Corporation- SPH, NUE, OLN today?
Monday, May 16, 2011 - 7:52am | 1292Suburban Propane Partners (SPH) is trading at a price of $52.90, a dramatic change of -0.49 with % change of -0.92 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 1.87B. TTM Gross Margin- 19.9%, TTM...
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Analysis of New High Beta and Low Volatility ETFs from PowerShares
Thursday, May 12, 2011 - 1:43pm | 1258Invesco PowerShares brought out two new and unique ETFs last Thursday (5/5/11). PowerShares S&P 500 High Beta Portfolio (SPHB) and PowerShares S&P 500 Low Volatility Portfolio (SPLV) are innovative products that employ quantitative beta-weighting and volatility-weighting as part of the...
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Top 4 Mid-Cap Stocks In The Metal Fabrication Industry With The Highest Cash (ATI, X, VMI, RS)
Thursday, May 12, 2011 - 3:23am | 138Below are the top mid-cap metal fabrication stocks on the NYSE and the NASDAQ in terms of cash. Allegheny Technologies Inc (NYSE: ATI) had $816.30 million in total cash and $1.56 billion in total debt for the latest quarter. United States Steel Corporation (NYSE: X) had $421.00 million in total...
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Earnings Roundup For May 11 (M, MT, TM, TEVA, IL, JSAIY, KID, ENB, SYIEY, GIL, AH, HESAY, BAM, KELYA, ITVPY, LABL)
Wednesday, May 11, 2011 - 8:58am | 907Macy's Inc (NYSE: M) reported its Q1 profit at $131 million, or $0.30 per share, from $23 million, or $0.05 per share, in the year-earlier period. The company's sales increased 5.7% to $5.89 billion. Its same-store sales surged 5.4%. However, analysts were expecting earnings of $0.18 per share....
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A Peek Into The Market Before The Trading Starts
Wednesday, May 11, 2011 - 7:42am | 378Pre-open movers US stock futures are slightly higher this morning. Gold and silver futures continued to recover from the last week's losses. Futures on the Dow Jones Industrial Average gained 19 points to 12,719.00 and futures on the S&P 500 stock index rose 1.70 points to 1,355.50. Nasdaq 100...