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KeyBanc Ups AKS To Buy
Wednesday, February 23, 2011 - 7:55am | 49Analysts at KeyBanc upgrade AK Steel Holding Corporation (NYSE: AKS) from “hold” to “buy.” The target price for AKS is set to $20. AKS shares fell 7.67% to close at $15.88 yesterday. More Analyst Ratings here
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Fast Money Picks For February 23rd (MTL, FRO, TSL, ABT, QCOM)
Tuesday, February 22, 2011 - 8:18pm | 205On CNBC's Fast Money, Tim Seymour said that he would short Mechel OAO (ADR) (NYSE: MTL) tomorrow. Mechel OAO (ADR) (MTL) dropped 5.39% today, and closed at $29.69. Brian Kelly is a buyer of Frontline Ltd. (USA) (NYSE: FRO), because the floating storage is kicking up. Frontline Ltd. (USA) (FRO) fell...
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Citi Maintains Hold Rating On CRS Following Investor Day
Tuesday, February 22, 2011 - 9:55am | 79Citi attended Carpenter Technology Corp's (NYSE: CRS) investor day last week in New York, “where senior management provided an overview of the company assets, capabilities, and competitive position and strategy.” “Post the meeting, we continue to view CRS as one of the more attractive opportunities...
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Ternium Reports Q4 EPS of $0.39
Tuesday, February 22, 2011 - 6:45am | 55Ternium SA (NYSE: TX) reports its Q4 EPS at $0.39, versus the consensus of $0.56. TX reports its Q4 revenue at $1.93 billion, versus the consensus of $1.87 billion. TX shares gained 0.47% to $37.80 in after-hours trading. Read more from Benzinga's Company news.
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Mad Money Lightning Round: Cramer Advises Investors To Buy Jabil Circuit, AK Steel (PAG, AN, MNRO, CHK, JBL, AKS, ANF, TXT)
Tuesday, February 22, 2011 - 4:14am | 230On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Penske Automotive Group (NYSE: PAG) is “good.” He added, “I also like AutoNation (NYSE: AN) and Monro Muffler (NASDAQ: MNRO). That's a three for one." For Chesapeake Energy (NYSE: CHK), Cramer said, "I think the preferred shares...
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Events to Monitor Over Weekend 02-18-2011
Friday, February 18, 2011 - 7:40pm | 784Cusick's Corner From a technical perspective, this market is strong and is showing no sign of any short-term resistance. While technicals are in line, next resistance level S&P 1344, there are some fundamental events that you should monitor over the weekend. First, German elections -- it looks...
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Puts Purchased on Reliance Steel & Aluminum (RS)
Friday, February 18, 2011 - 2:53pm | 129Shares of Reliance Steel & Aluminum (NYSE: RS) are higher on the session by 0.51%, currently trading at $58.57. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name...
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Friday's Put/Call Ratio Leaders (ACOR, IT, RDC, GGB, BID)
Friday, February 18, 2011 - 1:46pm | 91Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Acorda Therapeutics Inc. (NASDAQ: ACOR) 2,963 puts, 35 calls 2. Gartner Inc. (NYSE: IT) 2,961 puts, 37 calls 3. Rowan Companies Inc. (NYSE: RDC) 3,046 puts, 122 calls 4. Gerdau SA (...
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Options Brief: Steel Dynamics (STLD)
Friday, February 18, 2011 - 12:54pm | 99Shares of Steel Dynamics (NASDAQ: STLD) are higher on the session by 0.81%, trading at $20.62. Overall put volume is now running at 3.48x the daily average, with 0% of all puts traded being purchases on the offer. 2,200 contracts have traded on the session so far. Steel Dynamics, Inc. is a steel...
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Puts Purchased on Gerdau S.A. (GGB)
Friday, February 18, 2011 - 12:33pm | 149Shares of Gerdau S.A. (NYSE: GGB) are higher on the session by 1.52%, currently trading at $14.72. The stock has been moving largely higher over the past three months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short...
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Pre-Market Movers & News
Friday, February 18, 2011 - 10:18am | 286Last night, the People's Bank of China(Chinese central bank), raised its bank reserve requirements by 0.50 percent. This put pressure on the Shanghai Index which closed lower by 0.92 percent. Over the past week the highly followed Shanghai Index has been bouncing higher. As we should all know by...
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U.S. Steel (NYSE:X) Trading Strategies for Bulls and Bears
Friday, February 18, 2011 - 10:04am | 1866Investors may have a renewed interest in U.S. Steel (NYSE:X) Corp. this week after a Goldman Sachs analyst upgraded the stock. The covering analyst booted his overall rating to “buy” from “neutral,” lifted his earnings forecasts through 2013, and raised his 12-month price target by 23% to $75. In...
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Fast Money Picks For February 18th (GFI, SLW, AKS, OIH)
Thursday, February 17, 2011 - 7:50pm | 216On CNBC's Fast Money, Tim Seymour said that investors should buy Gold Fields Limited (ADR) (NYSE: GFI) on Friday. Gold Fields Limited (ADR) (GFI) jumped 1.45% in the regular trading session, and it added 0.48% in the after hours. Guy Adami thinks that Silver Wheaton Corp. (USA) (NYSE: SLW) is a...
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Short-Term Technicals Extended 02-17-2011
Thursday, February 17, 2011 - 3:49pm | 941Cusick's Corner The S&P is up 4% so far this month and it's on a 9 session winning streak of finishing in the green. This leaves short-term technicals a little extended but it looks like there are no signals of this developing into pressure on the current bullish trend. If you watched the...
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Pre-Market Movers
Thursday, February 17, 2011 - 10:09am | 280This morning, the highly followed Consumer Price Index(CPI) was released by the Labor Department. The CPI increased by 0.4 percent in January. The Core CPI, which excludes food and energy increased by just 0.2 percent. Weekly U.S. jobless claims increased by 25,000 to 410,000. The one month weekly...