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AK Steel Announces June Surcharges of $435 per Ton for Electrical and Stainless Steels
Monday, May 2, 2011 - 1:08pm | 62AK Steel (NYSE: AKS) has advised its customers that a $435 per ton surcharge will be added to invoices for electrical steel products shipped in June 2011. AK Steel's surcharges are based on reported prices for raw materials and energy used to manufacture the products, with the April 2011 purchase...
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Top 4 Small-Cap Stocks In The Diversified Investments Industry With The Highest EPS Estimates (MSB, SLRC, SAR, CODI)
Monday, May 2, 2011 - 1:10am | 149Below are the top small-cap diversified investments stocks on the NYSE and the NASDAQ in terms of earnings estimate for the next year. The earnings estimate for Mesabi Trust (NYSE: MSB) for the next year ending January, 2012 is $3.00 per share. MSB's trailing-twelve-month ROE is 3,068.88%. Solar...
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Cliff Natural Halts Coal Production at Alabama Mine -Reuters (CLF)
Friday, April 29, 2011 - 2:50pm | 21Cliff Natural (NYSE: CLF) halts coal production at an Alabama mine reports Reuters.
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Richard J. Harshman Succeeds L. Patrick Hassey as Chairman, President and CEO
Friday, April 29, 2011 - 12:03pm | 59Allegheny Technologies Incorporated (NYSE: ATI) announced that Richard J. Harshman, 54, has become Chairman, President and Chief Executive Officer of ATI succeeding L. Patrick Hassey who has retired. Mr. Harshman also has been elected to serve as a member of ATI's Board of Directors. This is...
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Allegheny Technologies Declares Quarterly Dividend Of $0.18
Friday, April 29, 2011 - 10:00am | 47Allegheny Technologies (NYSE: ATI) announced today that its Board of Directors declared a quarterly cash dividend of $0.18 per share of common stock. The dividend is payable on June 17, 2011, to stockholders of record at the close of business on May 26, 2011.
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Goldman Sachs Maintains Rating, PT On RS
Friday, April 29, 2011 - 8:16am | 102Goldman Sachs is maintaining its Buy rating and its $64 price target on Reliance Steel and Aluminum (NYSE: RS), based on 1Q results. According to Goldman Sachs, “Reliance Steel, once again exhibited strong performance, generating higher revenue and a solid gross margin (26.5% or 27.5% on FIFO...
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Equity Research Upgrades EPS But Maintains Buy Rating And $73 PT For Reliance Steel and Aluminum (RS)
Friday, April 29, 2011 - 7:11am | 121Equity Research reiterated its Buy rating and PT on Reliance Steel and Aluminum's (NYSE: RS) shares in a research report published today, in spite of increasing its earnings per share estimate for 2011 and 2012. In the report, Equity states Reliance Steel's better than expected Q1 results prompted...
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Limit Moves in the Grains (Part 2)
Thursday, April 28, 2011 - 3:58pm | 294We had a sweet limit down move in corn futures today so its a perfect time to highlight limit moves in grains and show you how I traded the action today!One of the most interesting aspects of the grain futures is the frequency and power of daily limit moves in price. Drier than expected weather in...
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Earnings Preview: Cliffs Natural Resources (CLF)
Thursday, April 28, 2011 - 3:08pm | 206Cliffs Natural Resources Inc. (NYSE: CLF) is set to report earnings tonight, and Wall Street will be looking to see whether strength in commodity prices, particularly iron ore, has helped the company blow past Wall Street estimates. Wall Street analysts are looking for earnings of $2.25 per share...
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Significant Damage At Cliff's Oak Grove Prep Plant -Bloomberg (CLF)
Thursday, April 28, 2011 - 12:40pm | 23There has been significant damage at Cliff's (NYSE: CLF) Oak Grove prep plant reports Bloomberg.
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Reliance Steel Reports EPS of $1.23 vs. $1.05 Estimate; Revenues $1.91B vs. $1.85B Estimate
Thursday, April 28, 2011 - 8:51am | 22Reliance Steel (NYSE: RS) Reports EPS of $1.23 vs. $1.05 Estimate; Revenues $1.91B vs. $1.85B Estimate
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Goldman Sachs Keeps Neutral On Allegheny Technologies (ATI)
Thursday, April 28, 2011 - 8:38am | 74Goldman Sachs maintains its Neutral rating on Allegheny Technologies (NYSE: ATI) in a research report published today. Goldman Sachs failed to upgrade Allegheny's rating in spite of raising its 2011 earnings per share forecast to $3.22, following Allegheny's better than expected Q1 results....
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JP Morgan Raises PT On Allegheny Technologies To $86
Thursday, April 28, 2011 - 8:08am | 27JP Morgan has raised the price target on Allegheny Technologies (NYSE: ATI) from $72 to $86 and maintains its Overweight rating.
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Earnings Preview For Cliffs Natural Resources (CLF)
Wednesday, April 27, 2011 - 3:57pm | 351Cliffs Natural Resources (NYSE: CLF) is expected to announce its Q1 earnings report on Thursday, April 28, after the bells ring. Analysts are predicting earnings per share to skyrocket to $2.25, up 309.1% on the previous year's level of $0.55. A month ago, analysts were expecting even more...
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Dahlman Rose Upgrading AK Steel To Buy (AKS)
Wednesday, April 27, 2011 - 8:53am | 121Dahlman Rose & Co. is upgrading shares of AK Steel Holding Corporation (NYSE: AKS) to Buy and putting a $22 price target on shares after it reported earnings. In a note to investors, Dahlman Rose writes, "We are increasing our 2011 EPS estimate to $1.35 from $0.95 and our 2012 EPS estimate to...