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Semiconductors Get Lift 04-04-2011
Monday, April 4, 2011 - 7:35pm | 953Cusick's Corner With the buck easing and the Bonds holding and coming off the worst levels of the day, equities had enough to stay breakeven. Yields need to continue to outpace the bounce in the greenback otherwise the equities could start to get a little nervous....
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Commodities Up on Strength of Emerging Markets 04-04-2011
Monday, April 4, 2011 - 7:32pm | 894Cusick's Corner The market looked strong on the open but with no headlines or data to pull it along, the market stands at breakeven this Midday. Commodities continue to roll up on the strength of the Emerging Markets -- BRIC countries specifically. Hopefully you did your homework this weekend and...
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Schnitzer Steel Volatile After Q2 Profit Jumps 77% (SCHN)
Monday, April 4, 2011 - 4:22pm | 58Schnitzer Steel (NASDAQ: SCHN) is volatile today in post-market trading after the company reported a 77% increase in Q2 profit year-over-year. At last check, shares were trading only fractionally changed from the closing price, after hitting levels higher and lower as traders lobbied for position...
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Schnitzer Steel Industries Reports Q2 EPS of $1.10 vs. $0.85; Revenues $772M vs. $747.1M
Monday, April 4, 2011 - 4:01pm | 22Schnitzer Steel Industries (Nasdaq: SCHN) Reports Q2 EPS of $1.10 vs. $0.85; Revenues $772M vs. $747.1M
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AK Steel Announces May 2011 Surcharges For Electrical And Stainless Steels (AKS)
Monday, April 4, 2011 - 2:30pm | 28AK Steel (NYSE: AKS) announces May 2011 surcharges for electrical and stainless steels. AKS sets $390.00/ton May surcharge for electrical steel.
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Earnings Preview For Schnitzer Steel (SCHN)
Monday, April 4, 2011 - 10:29am | 110Schnitzer Steel Industries (NASDAQ: SCHN) is set to report its fiscal second quarter for 2011. Analysts are expecting the company to report $0.85 per share versus $0.62 a year ago. Revenues are expected to come in at $747.10 million. Analyst estimates have remained steady at $0.85 over the past...
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Unconfirmed Rumors circulate that (AKS) has recieved a $22.00 Offer for Company Other side Unknown..
Monday, April 4, 2011 - 10:28am | 21Unconfirmed Rumors circulate that (AKS) has recieved a $22.00 Offer for Company Other side Unknown..
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AK Steel Rising On Renewed M&A Rumor (AKS)
Monday, April 4, 2011 - 10:14am | 24AK Steel (NYSE: AKS) rising today on renewed M&A rumor. Currently up 1% from Friday's close.
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JP Morgan Comments On Ternium, Remains Its Top Steel Pick
Monday, April 4, 2011 - 8:30am | 210JP Morgan is revising its estimates for Ternium (NYSE: TX) on the back of 4Q earnings, mark-to-market for higher raw material prices, higher steel prices, and the stake sale by Usiminas. JPM now expects '11e and '12e EBITDA at $1.9B, ~1% lower vs. previous estimates and +8%/in line vs. consensus....
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UPDATE: Goldman Sachs Raising Price Target On Worthington Industries (WOR)
Monday, April 4, 2011 - 7:28am | 163Goldman Sachs is raising its price target on shares of Worthington Industries (NYSE: WOR) to $22 from $20, but it is keeping its Neutral rating on shares. In a note to clients, Goldman writes, "We raise our 4Q2011 (to end-May) EPS estimate for WOR to $0.50 vs. $0.38 driven by higher average...
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Earnings Scheduled For April 4 (SHLM, TISI, SCHN)
Monday, April 4, 2011 - 12:45am | 92A. Schulman Inc (NASDAQ: SHLM) is expected to report its FQ2 EPS at $0.33 on revenue of $423.60 million. Team Inc (NASDAQ: TISI) is estimated to report its Q3 earnings at $0.18 per share on revenue of $116.83 million. Schnitzer Steel Industries Inc (NASDAQ: SCHN) is projected to report its Q2...
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Looking For A Solid Move To Start April? Joke's On You! (RIO, FCX, NEM, SCCO, X, AKS, MT, DIA, SPY, SLB, OXY, HAL)
Friday, April 1, 2011 - 6:12pm | 680The market has been steadily climbing for the past two weeks, putting in small gains but seemingly remaining unsure of itself as divergences in different indices and sectors began to accumulate. Traders were looking to Friday's important economic data (Jobs Report, ISM Index, and Construction...
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Citi Maintains Buy on Ternium SA (TX)
Friday, April 1, 2011 - 8:31am | 85Citi is out with its report today on Ternium SA (NYSE: TX), maintaining Buy. In a note to clients, Citi writes, "We maintain our Buy rating and US$39 target price. Ternium is a very strong operator and offers value relative to Brazil steel equities. Our biggest concern is the potential Brazil...
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Morgan Stanley Reiterates Overweight Rating On Ternium S.A.
Friday, April 1, 2011 - 8:00am | 93According to Morgan Stanley, Ternium S.A. (NYSE: TX) Overweight rating is reiterated. Morgan Stanley reported that it reiterates its Overweight rating on Ternium shares supported by an attractive risk-reward profile and 25% upside to its $45/ADR target. “We continue to believe the company will...
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Top 4 Stocks In The Basic Materials Wholesale Industry With The Highest Cash (FSTR, ANW, CAS, AE)
Friday, April 1, 2011 - 3:10am | 140Below are the top basic materials wholesale stocks on the NYSE, the NASDAQ and the AMEX in terms of cash. LB Foster Company (NASDAQ: FSTR) had $144.18 million in total cash and $16.40 million in total debt for the latest quarter. Aegean Marine Petroleum Network Inc (NYSE: ANW) had $86.50 million...