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AK Steel Announces April Surcharges for Electrical and Stainless Steels
Wednesday, March 2, 2011 - 10:11am | 88AK Steel (NYSE: AKS) has advised its customers that a $400 per ton surcharge will be added to invoices for electrical steel products shipped in April 2011. April 2011 surcharges for the broad range of stainless steel products that AK Steel produces can be found on the company's web site at www....
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Fast Money Picks For March 1st (FCX, MTL, BX, LUNFM, DO)
Monday, February 28, 2011 - 8:19pm | 234On CNBC's Fast Money, Brian Kelly said that there is a shortage of copper, and investors should buy Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) on Tuesday. Freeport-McMoRan Copper & Gold Inc. (FCX) gained 0.95% on Monday. Tim Seymour recommended a long position in Mechel OAO (ADR) (...
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Americans Just Lost Some More Of Their Buying Power
Monday, February 28, 2011 - 11:08am | 248The U.S. Dollar Index has declined sharply again this morning. The U.S. Dollar Index is trading lower by 0.47 cents to $76.79. This is the lowest the U.S. Dollar Index has traded since November 4, 2010 when the index traded as low as $76.17. On January 10, 2011 the U.S. Dollar Index was trading as...
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L. Patrick Hassey Announces Retirement as Chairman and CEO of ATI
Monday, February 28, 2011 - 9:40am | 59Allegheny Technologies Incorporated (NYSE: ATI) announced today that L. Patrick Hassey has announced his decision to retire as Chairman and Chief Executive Officer, effective May 1, 2011. In accepting Mr. Hassey's decision, the ATI Board of Directors has selected Richard J. Harshman, 54, to serve...
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Top 4 Stocks In The Steel & Iron Industry With The Highest EPS (SCHN, USAP, HAYN, STLD)
Monday, February 28, 2011 - 2:39am | 132Below are the top steel & iron stocks on the NYSE and the NASDAQ in terms of earnings per share. The trailing-twelve-month earnings per share at Schnitzer Steel Industries Inc (NASDAQ: SCHN) is $3.31. SCHN's PEG ratio is 1.10. The trailing-twelve-month earnings per share at Universal Stainless...
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Fast Money Picks For February 28th (MTL, JNPR, DAI, FCX, BRCM)
Friday, February 25, 2011 - 8:05pm | 219CNBC Fast Money's Tim Seymour suggested that investors should take a long position in Mechel OAO (ADR) (NYSE: MTL) on Monday. Mechel OAO (ADR) (MTL) gained 3.07% in the regular trading session, and it added 1.35% in the after hours. Guy Adami likes the price action in Juniper Networks, Inc. (NYSE...
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FDA Issues Complete Response Letter for Taliglucerase Alfa New Drug Application
Friday, February 25, 2011 - 8:58am | 243Protalix BioTherapeutics, Inc. (NYSE: PLX), announced earlier today that the U.S. Food and Drug Administration (FDA) issued a Complete Response Letter regarding the Company's New Drug Application (NDA) for taliglucerase alfa for the treatment of Gaucher disease. Taliglucerase alfa is a plant-cell...
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Top 4 Mid-Cap Stocks In The Basic Materials Sector With The Lowest PEG Ratio (STLD, ARLP, AHGP, BEXP)
Friday, February 25, 2011 - 5:22am | 121Below are the top mid-cap basic material stocks on the NYSE and the NASDAQ in terms of PEG ratio Steel Dynamics Inc (NASDAQ: STLD) has a PEG ratio of 0.36. STLD's trailing-twelve-month revenue is $6.30 billion. Alliance Resource Partners LP (NASDAQ: ARLP) has a PEG ratio of 1.01. ARLP's trailing-...
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Fast Money Picks For February 25th (JPM, JNPR, MTL)
Thursday, February 24, 2011 - 8:36pm | 152CNBC Fast Money's Joe Terranova said on the show that investors should stay long energy equities. Karen Finerman is bullish on JPMorgan Chase & Co. (NYSE: JPM) and she wants to buy it on Friday. JPMorgan Chase & Co. (JPM) fell 0.11% today, and closed at $45.91. Guy Adami thinks that...
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ArcelorMittal Results Suggest Slow and Steady Recovery in Steel Industry
Thursday, February 24, 2011 - 4:42pm | 129ArcelorMittal (NYSE: MT) is currently the largest steel manufacturer in the world, formed by the merger of two steel giants, Arcelor and Mittal in 2006. The company competes with other international Steel giants like BaoSteel, Posco, Nippon Steel and ThyssenKrupp. Our price estimate for Arcelor...
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How To Trade The Pentagon's Tanker Decision (BA, EADSY)
Thursday, February 24, 2011 - 4:05pm | 222The U.S. Defense Department is going to announce the $35 billion contract to build its aerial-refueling tanker today, as was reported yesterday. Whoever wins the contract will be in line for a huge revenue boost, and this will give traders an idea how to play it. Boeing Co. (NYSE: BA) and Europe's...
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Commodity Stocks Rebound Early. Will It Last?
Thursday, February 24, 2011 - 11:06am | 246This morning some of the leading commodity stocks are trading higher. The move higher in the commodity stock complex comes as the U.S. Dollar Index trades lower by 0.35 cents to $77.05. The Shanghai Index also rallied higher last night by 0.50 percent and this usually helps to lift commodity stocks...
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Fast Money Picks For February 24th (MOS, MON, MTL, GLW)
Wednesday, February 23, 2011 - 8:07pm | 195CNBC Fast Money's Jon Najarian said on the show that he bought The Mosaic Company (NYSE: MOS) today, and he is still holding this stock. The Mosaic Company (NYSE: MOS) gained 1.45% in the regular trading session, and it added 2.24% in the after hours. JJ Kinahan and Brian Kelly both like Monsanto...
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Not Falling Off A Cliff Yet
Wednesday, February 23, 2011 - 11:54am | 77Cliffs Natural Resources Inc.(NYSE: CLF) is a leading iron ore pellet producer. The stock is trading higher today by $1.81 to $94.55 a share. The move higher comes as the U.S. Dollar Index has sold off sharply and many commodity stocks are catching a bid higher today. Short term traders should...
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Pre-Market Movers
Wednesday, February 23, 2011 - 10:10am | 215This morning the S&P 500 futures(ES H1) are trading higher by 2.25 points to 1316.75. The small up-tick in the market comes after yesterday's high volume broad based sell off. Often after a large rally or large decline the following trading session is much more subdued. Libya and other nations...