-
The SunCoke Rises Again
Monday, March 28, 2011 - 2:21pm | 55Sunoco (SUN) announced that the spinoff of SunCoke Energy took another step towards completion last week, as the company filed an S-1 registration statement with the SEC. Many were nervous that the spin would be derailed due to litigation with ArcelorMittal (MT), one of SunCoke's largest customers...
-
Metals Roundup
Monday, March 28, 2011 - 10:52am | 69Metals names are surging this morning with US Steel Corp (NYSE: X), AK Steel Holding Corp (NYSE: AKS), and Freeport McMoRan (NYSE: FCX) all posting gains of over 1%. US Steel is the strongest of the bunch currently trading up 2.4% to $56.33 with a intraday high of $56.43.
-
Calls Active on U.S. Steel Corp. (X)
Monday, March 28, 2011 - 9:52am | 169Shares of U.S. Steel Corp. (NYSE: X) are popping higher this morning on renewed takeover speculation; currently, shares are up by 1.07%, trading at $55.61. The name has been tossed around as a takeout cnadiate for the past 3-4 months, pushing shares above the 200-day moving average. With U.S....
-
Stocks Going Ex Dividend the Fifth Week of March
Saturday, March 26, 2011 - 9:56pm | 728Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
-
Pre-market News And Views
Wednesday, March 23, 2011 - 9:31am | 399Oil will be the lead story today as WTI crude is trading above the $105.00 level. It is still amazing that many talking heads in the financial media are discounting the effects of high energy prices. Please remember that U.S. consumer spending accounts for 70.0 percent of the gross domestic product...
-
UPDATE: J.P. Morgan Raising Price Target On Commercial Metals (CMC)
Wednesday, March 23, 2011 - 7:34am | 171J.P. Morgan Chase & Co. is raising its price target on shares of Commercial Metals (NYSE: CMC) to $20 from $17, but is reiterating its Neutral rating. In a note to investors, J.P. Morgan writes, "We are introducing FY2012 estimates and lifting our price target to $20 from $17. The higher...
-
Citi Gives An Update On Commercial Metals Co Following Recent Earnings Report
Wednesday, March 23, 2011 - 7:21am | 167After adjusting its model of Commercial Metals Co (NYSE: CMC) for lower than expected F2Q results and guidance, Citi is lowering its FY11 estimate to $0.15 from $0.71 and FY12 to $1.70 from $2.05, no change to its FY13 estimate of $2.20. While the pace of earnings recovery has trailed consensus...
-
JP Morgan Raises PT On Commercial Metals To $20
Wednesday, March 23, 2011 - 7:10am | 27JP Morgan has raised the price target on Commercial Metals (NYSE: CMC) from $17 to $20 and maintains its Neutral rating.
-
Options Brief: Gerdau S.A. (GGB)
Tuesday, March 22, 2011 - 2:21pm | 80Shares Gerdau S.A. (NYSE: GGB) are lower on the session by 1.68%, trading at $12.28. Overall put volume is now running at 8.02x the daily average, with 1% of all puts traded being purchases on the offer. 15,205 contracts have traded on the session so far. Gerdau S.A. is a producer of long rolled...
-
Commercial Metals Reports Q2 Revenue of $1.79 billion
Tuesday, March 22, 2011 - 8:14am | 54Commercial Metals Company (NYSE: CMC) reported a Q2 loss at $0.40 per share. CMC reported its Q2 revenue at $1.79 billion, versus the consensus of $1.74 billion. CMC shares gained 2.03% to close at $16.06 yesterday. Read more from Benzinga's Company news.
-
Commercial Metals Company Reports q2 EPS of $(0.40) vs. $(0.07)
Tuesday, March 22, 2011 - 8:07am | 119Commercial Metals Company (NYSE: CMC) today reported a net loss of $46.2 million or $0.40 per diluted share for the quarter ended February 28, 2011. This compares with a net loss of $173.3 million or $1.53 per diluted share, including a loss of $135.3 million or $1.19 per diluted share from...
-
Earnings Scheduled For March 22 (ADBE, CTAS, WAG, DFS, CCL, JBL, DG, GIII, SONC, CMC, FSII, WNI, NEOG, HWD)
Tuesday, March 22, 2011 - 12:48am | 371Adobe Systems Incorporated (NASDAQ: ADBE) is expected to report its Q1 EPS at $0.57 on revenue of $1.03 billion. Cintas Corporation (NASDAQ: CTAS) is estimated to report its Q3 EPS at $0.36 on revenue of $907.56 million. Walgreen Company (NYSE: WAG) is projected to report its Q2 EPS at $0.80 on...
-
Gerdau Announces Public Offering of Common and Preferred Shares
Monday, March 21, 2011 - 12:12pm | 140Gerdau S.A. (NYSE: GGB) and Metalúrgica Gerdau S.A., announce to their shareholders and the market their intention to conduct a primary public offering of new common and preferred shares; and a secondary public offering of preferred shares, all of them registered and book-entry shares with no...
-
Citi Has Buy Rating On Steel Dynamics Inc (STLD)
Monday, March 21, 2011 - 7:48am | 125Citi Investment Research has a Buy rating and a $21 price target on shares of Steel Dynamics Inc (NASDAQ: STLD). In a note to clients, Citi writes, "Late last week, we hosted meetings with Mr. Keith Busse (Chairman and CEO) and Mr. Gary Heasley (EVP of Business Development) in Fort Wayne, IN, and...
-
Calls Purchased on POSCO (PKX)
Friday, March 18, 2011 - 3:23pm | 135Shares of POSCO (NYSE: PKX) are higher on the session by 2.95%, currently trading at $111.87. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. Though action...