-
Pre-Market News and Views
Monday, April 25, 2011 - 9:21am | 443The long holiday weekend is over and today is still expected to be a light volume trading session. The S&P 500 e-mini futures are trading higher by 2.00 points to 1333.00 per contract. Often after a long weekend the market will have what we call a holiday hangover. This is when traders and...
-
Fast Money Picks For April 25th (EBAY, MTL, VZ)
Friday, April 22, 2011 - 1:28pm | 144CNBC Fast Money's Brian Kelly said on the show that he is a buyer of eBay Inc. (NASDAQ: EBAY) ahead of earnings. eBay Inc. (EBAY) gained 0.60% on Thursday, and it closed at $31.95. Tim Seymour thinks that you should take profits in Mechel OAO (ADR) (NYSE: MTL), and buy it back around $27.75....
-
Stocks Get Lift from Strong Earnings
Thursday, April 21, 2011 - 2:03pm | 146(TheStreet) -- Stocks extended gains Thursday as strong earnings from Apple (NASDAQ: AAPL), Nucor (NYSE: NUE) and several Dow components helped offset a lower-than-expected decline in initial jobless claims and a slowdown in manufacturing activity. The Dow Jones Industrial Average was up by 24...
-
United States Steel Sitting On Support (X)
Thursday, April 21, 2011 - 1:39pm | 142Shares of United States Steel Corporation (NYSE: X) are sitting on support here, down 75 cents to $52.00, a loss of 1.4%. Nucor (NYSE: NUE) reported earnings this morning, that were better than the Street expected, but the stock is still selling off. U.S. Steel is expected to report earnings on...
-
Schnitzer Acquires American Metal Group,
Thursday, April 21, 2011 - 1:30pm | 53Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) today announced that it has acquired substantially all of the assets of American Metal Group, Inc. and certain of its affiliates which operate from facilities in San Jose and Santa Clara, California. Terms of the transaction were not disclosed.
-
Nucor Reports Reports Q1 EPS of $0.50 vs. $0.36; Revenues $4.83B vs. $4.47B
Thursday, April 21, 2011 - 9:02am | 21Nucor (NYSE: NUE) Reports Reports Q1 EPS of $0.50 vs. $0.36; Revenues $4.83B vs. $4.47B
-
Fast Money Picks For April 21st (QCOM, MTL, WFC, CMI, BX, V)
Wednesday, April 20, 2011 - 7:41pm | 241CNBC Fast Money's Tim Seymour recommended Mechel OAO (ADR) (NYSE: MTL) as a buy, once again. Mechel OAO (ADR) (NYSE: MTL) gained 2.46% in the regular trading session, and it added 1.39% in the after hours. Stephen Weiss thinks that QUALCOMM, Inc. (NASDAQ: QCOM) should be bought, after it posted...
-
Dahlman Rose Reaffirms Buy on Steel Dynamics (STLD)
Wednesday, April 20, 2011 - 8:47am | 89Dahlman Rose is out with its report today on Steel Dynamics (NASDAQ: STLD), reaffirming Buy. In a note to clients, Dahlman Rose writes, "Steel Dynamics reported 1Q11 EPS above our and consensus estimates. Management anticipates increases in steel consumption to continue throughout the year in most...
-
Universal Stainless Announces Tool Steel Base Price Increase, 5% (USAP)
Wednesday, April 20, 2011 - 7:02am | 99Universal Stainless & Alloy Products (Nasdaq: USAP) today announced a base price increase of 5% on all tool steel plate manufactured at its Bridgeville facility. The increase will be effective for all new orders entered on or after April 25, 2011. Current material and energy surcharges will...
-
Fast Money Picks For April 20th (MTL, HK, AAPL, FCX)
Tuesday, April 19, 2011 - 7:33pm | 187On CNBC's Fast Money, Tim Seymour said that Mechel OAO (ADR) (NYSE: MTL) is going higher. The company has just got through a secondary placement in Moscow. Mechel OAO (ADR) (MTL) gained 2.82% in the regular trading session, and it added 1.71% in the after hours. Guy Adami likes Petrohawk Energy...
-
The Falling U.S. Dollar Index Saves The Day
Tuesday, April 19, 2011 - 3:31pm | 213The major stock market indexes have all rallied back higher this afternoon as the U.S. Dollar Index(DXY) makes new intra-day lows. When the U.S. Dollar Index declines it will help to inflate most stocks and commodities higher. This inverse correlation to the dollar has been going on for years now....
-
3 Commodities ETFs You Used To Like, But Can't Like Now, But Might Be Able To Like Again Later
Tuesday, April 19, 2011 - 2:24am | 443Things are not well these days across myriad corners of the market. Excluding gold and silver, the same can be said of many commodities and their corresponding ETFs and ETNs. That's led to troublesome declines in ETFs and ETNs that were previously darlings and not just commodities darlings, but...
-
Fast Money Picks For April 19th (GS, MTL, HAL)
Monday, April 18, 2011 - 7:10pm | 194On CNBC's Fast Money, Jon Najarian said that he likes Goldman Sachs Group, Inc. (NYSE: GS), because as soon as the company announced that it payed back the loan to Warren Buffett, the stock traded higher. Goldman Sachs Group, Inc. (GS) fell 0.87% today, and it closed at $153.78. Tim Seymour thinks...
-
Mitigating Some Currency Volatility 04-18-2011
Monday, April 18, 2011 - 6:06pm | 819Cusick's Corner Currency markets have been put on notice -- what markets to consider? Look at Gold -- GCM11 or GLD could be a way to play some of this currency uncertainty/volatility. People often look at Gold as an inflation fighter but it also can be very important when currencies come under...
-
Steel Names Diverge, Finish on Highs (X, AKS)
Monday, April 18, 2011 - 5:00pm | 204Despite an extremely weak overall market, two steel names, United States Steel (NYSE: X) and AK Steel (NYSE: AKS), bucked the trend and managed to end the session near their intraday highs. Shares of both companies have lost nearly ten percent in recent trading action. Today's resilience, however,...