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Downside a Worry? 04-18-2011
Monday, April 18, 2011 - 4:42pm | 854Cusick's Corner The EU and S&P strike, the market reacts pulling back on the open and trying to bounce into the Midday. This is the red flag that I saw coming but just didn't know what was going to be the catalyst, now we have some. If the downside is a worry, consider bear put spreads on a...
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Options Brief: ArcelorMittal (MT)
Monday, April 18, 2011 - 1:37pm | 86Shares of ArcelorMittal (NYSE: MT) are lower on the session by 2.46%, trading at $34.10. Overall call volume is now running at 3.43x the daily average, with 64% of all calls traded being purchases on the offer. 6,388 contracts have traded on the session so far. ArcelorMittal is a global steel...
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Ternium Informs the Market on Events Concerning Its Argentine Subsidiary Siderar
Monday, April 18, 2011 - 1:32pm | 201Ternium S.A. (NYSE: TX) provided today information to the market on certain events concerning its Argentine majority-owned subsidiary Siderar S.A.I.C. As of the date hereof, 25.97% of Siderar is held by the Administración Nacional de la Seguridad Social ("ANSeS"), Argentina's governmental social...
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High Beta Stocks: Big Risk, Big Reward (YGE, MELI, VC, LDK, CVGI, TSL, AKS, DAN, SLW, CCOI)
Monday, April 18, 2011 - 11:52am | 387Beta is a calculation of a stock's volatility as it relates to the market. The market has a beta of 1.0, and stocks are assigned a beta value according to how much they diverge from the overall market. For example, if a stock moves exactly the same percentage as the underlying market, it is...
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Commodity Stocks Get Rocked
Monday, April 18, 2011 - 11:00am | 219This morning the leading commodity stocks are declining sharply after a downgrade warning to the United States was issued by Standard & Poors. The U.S. Dollar Index is also trading higher and that will usually help to deflate asset and commodity prices. Leading commodity stocks such as Freeport...
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Russians in New York: Major NYSE-Traded Russian Companies (MTL, MBT, VIP, WBD)
Monday, April 18, 2011 - 8:16am | 229How are Russian companies doing in American trading? Today, Benzinga gives you a list of Russian companies currently trading on the NYSE exchange in New York City. Mechel (NYSE: MTL), a mining and metal-producing giant, has opened the day very strongly, its shares rising almost 1.5% to $28.68....
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Steel Dynamics and LaFarga Group Announce JV and $39 Million Facility
Friday, April 15, 2011 - 10:45am | 85Steel Dynamics, Inc. (NASDAQ: STLD) and LaFarga Group, headquartered in Barcelona, Spain, today jointly announced the creation of a new partnership which will operate under the SDI LaFarga, LLC name. Plans include the construction of a $39 million facility which will produce copper wire rod from...
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Steel Dynamics Names MillettPresident and COO
Thursday, April 14, 2011 - 11:16am | 73Steel Dynamics, Inc. (NASDAQ: STLD), today announced that its board of directors has approved the appointment of Mark D. Millett to the new position of President and Chief Operating Officer, effective immediately. Millett, a co-founder of the company in 1993, has been Executive Vice President for...
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Steel Dynamics Names MillettPresident and COO
Thursday, April 14, 2011 - 11:16am | 73Steel Dynamics, Inc. (NASDAQ: STLD), today announced that its board of directors has approved the appointment of Mark D. Millett to the new position of President and Chief Operating Officer, effective immediately. Millett, a co-founder of the company in 1993, has been Executive Vice President for...
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United States Steel Up On Arcelor Mittal Chatter (X, MT)
Thursday, April 14, 2011 - 10:02am | 110United States Steel Corporation (NYSE: X) shares are up nearly 1% this morning, on takeover chatter from Arcelor Mittal (NYSE: MT). This rumor has been bandied about for years, and nothing has ever come of it, but, given the fact that corporate balance sheets are in much better shape than they...
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Carpenter Technology Subsidiary Talley Metals Raises Prices on All Stainless Products by 5%
Thursday, April 14, 2011 - 8:07am | 59Talley Metals Technology Inc. today announced that it will increase base prices by approximately 5% on all stainless products. The increase will be effective on orders shipped on or after May 2, 2011. Additionally, current monthly surcharges will remain in effect. Talley Metals is a wholly owned...
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Global X Waste Management ETF (WSTE) Launches
Thursday, April 14, 2011 - 2:00am | 560Global X Funds introduced a new ETF yesterday (4/13/11) targeting the Waste Management industry. Global X Waste Management ETF (WSTE) will seek to track an index with one-third allocations to Hazardous Waste, Non-Hazardous Waste, and Recycling stocks. The fund has an expense ratio of 0.65% and...
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Mad Money Lightning Round OT: Cramer Likes HCSG (MTL, FCX, ANDE, HCSG)
Wednesday, April 13, 2011 - 7:24pm | 192Jim Cramer said on CNBC's Mad Money Lightning Round OT that he can't recommend a Russian stock. Instead of Mechel OAO (ADR) (NYSE: MTL), he would buy Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX). Mechel OAO (ADR) (MTL) gained 1.29% on Wednesday, while Freeport-McMoRan Copper & Gold Inc...
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Top Percentage Gainers And Losers As Of 12 p.m. 4/13/2011 (ZOOM, GRM, QTM, NTAP, RVBD, EROC, SLGN, IRBT, CEVA, INVE, YUII, CIGX, MSB, TRGL, ENTR, LEE)
Wednesday, April 13, 2011 - 12:06pm | 408Best 1) Zoom Technologies (NASDAQ: ZOOM): Shares are trading up 39.71% to $4.33 after acquiring new patent licenses from Qualcomm (NASDAQ: QCOM). This development will allow the company to develop new mobile phones for the global market. Stock had been up as much as 54% earlier in the session. 2...
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Gerdau S.A. Announces Pricing of Global Offering
Wednesday, April 13, 2011 - 9:47am | 153GERDAU S.A. (NYSE: GGB) announced today that it has priced its global offering of 68,026,910 common and 203,830,100 preferred shares, including preferred shares in the form of American depositary shares. The common shares are being offered to the public in Brazil at a price R$15.60 per share, and...