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Reliance Steel & Aluminum Co. Reports Q4 EPS of $0.53 vs. $0.45
Thursday, February 17, 2011 - 9:51am | 131Reliance Steel & Aluminum Co. (NYSE: RS) reported today its financial results for the fourth quarter and year ended December 31, 2010. For the 2010 fourth quarter, Reliance reported net income of $39.5 million, compared to 2009 fourth quarter net income of $92.1 million, and net income of $48.7...
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Cliffs Natural Resources Skyrocketing, Up 6% (CLF)
Wednesday, February 16, 2011 - 5:42pm | 296Cliffs Natural Resources Inc (NYSE: CLF) is skyrocketing in after hours on a better than expected earnings report. Cliffs Natural Resources reported earnings of $2.82 per share, versus expectations of $2.17 per share. Revenues came in a little lighter than expected, coming in at $1.4 billion...
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Cliffs Natural Resources Reports Q4 EPS of $2.82 vs. $2.16
Wednesday, February 16, 2011 - 5:35pm | 105Cliffs Natural Resources Inc. (NYSE: CLF) today reported fourth-quarter and full-year results for the period ended Dec. 31, 2010. Consolidated fourth-quarter revenues were $1.4 billion, a 74% increase compared with $821 million in the same quarter last year. The increase was driven by higher sales...
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Chinese Boron-Added Plate Held Subject to Antidumping Order
Wednesday, February 16, 2011 - 4:33pm | 352The Department of Commerce has issued an affirmative preliminary circumvention ruling determining that Chinese imports of cut-to-length carbon steel ("CTL") plate that include economically and metallurgically insignificant amounts of boron are subject to the antidumping duty order on CTL plate....
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Fast Money Pops & Drops, February 15th (MAS, GPS, X, CMG)
Tuesday, February 15, 2011 - 8:49pm | 243On CNBC's Fast Money Pops & Drops, Jon Najarian said that he would stay away from Masco Corporation (NYSE: MAS). He explained that the recovery in housing hasn't yet come, and Masco Corporation (MAS) is losing a lot of money. Masco Corporation (MAS) fell 9.23% in the regular trading session,...
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Worthington Industries and Gestamp to Form a Joint Venture
Tuesday, February 15, 2011 - 12:02pm | 259Worthington Industries, Inc. (NYSE: WOR) announced today its Worthington Energy Group subsidiary has signed a memorandum of understanding with Gestamp Renewables group to create a 50-50 joint venture. The joint venture, Gestamp Worthington Wind Steel, LLC, will focus on producing towers for wind...
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Goldman Sachs Upgrades U.S. Steel To Buy (X)
Tuesday, February 15, 2011 - 10:16am | 118Goldman Sachs is out with a research report this afternoon, where it upgrades shares of U.S. Steel (NYSE: X) to Buy, from Neutral; it has a price target of $75.00 on the stock, up from $61.00. The GS analysts noted that they favor X's leverage to rising steel prices and demand and believe it...
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Goldman Sachs Raises U.S. Steel Group PT To $75, Upgrades To Buy (X)
Tuesday, February 15, 2011 - 10:15am | 114Goldman Sachs raised its U.S. Steel Group (NYSE: X) price target from $61 to $75 and upgraded U.S. Steel Group to Buy from Neutral in a research report published today. In the report, Goldman Sachs states, "We favor X's leverage to rising steel prices and demand and believe it offers a good...
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Benzinga's Top Pre-Market Gainers (MAR, X, CRM, NYX)
Tuesday, February 15, 2011 - 9:20am | 129Marriott International Inc (NYSE: MAR) rose 4.88% to $43.00 in the pre-market session. MAR announced its plans to spin off its timeshare unit into a public company. United States Steel Corp (NYSE: X) added 2.50% to $61.86 in the pre-market session. Analysts at Goldman upgraded United States Steel...
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Goldman Ups GGB To Neutral
Tuesday, February 15, 2011 - 8:07am | 39Analysts at Goldman upgrade Gerdau SA (NYSE: GGB) from “sell” to “neutral.” GGB shares gained 1% to close at $14.13 yesterday. More Analyst Ratings here
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Goldman Ups US Steel To Buy
Tuesday, February 15, 2011 - 7:30am | 52Analysts at Goldman upgrade United States Steel Corporation (NYSE: X) from “neutral” to “buy.” The target price for US Steel has been raised from $61 to $75. X shares gained 2.43% to close at $60.35 yesterday. More Analyst Ratings here
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Fast Money Picks For February 15th (UAL, NOK, XLE, APA, EBAY, CLF)
Monday, February 14, 2011 - 11:49pm | 298CNBC Fast Money's Brian Kelly said on the show that you should buy United Continental Holdings Inc (NYSE: UAL). He believes that it has pricing power. United Continental Holdings Inc (UAL) fell 1.28% today, and it closed at $26.94. Tim Seymour has faith in Nokia Corporation (ADR) (NYSE: NOK). He is...
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Afternoon Movers include (NEWP),(IO),(HYC),(PCX),(SOL),(CMC),(NCT)
Monday, February 14, 2011 - 2:34pm | 59Afternoon Movers include (NEWP),(IO),(HYC),(PCX),(SOL),(CMC),(NCT)...
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Asia Rallies Overnight. Commodity Stocks In Play
Monday, February 14, 2011 - 10:32am | 322Last night the Asian markets all surged sharply higher. The Japanese Nikkei 225 Index closed higher by 1.13%. The Hong Kong markets surged higher by 1.28%, as the Hang Seng Index rallied higher 292.00 points. Then the highly followed Shanghai Index, which represents the main land Chinese market,...
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Deutsche Bank Sees U.S. Steel As Potential Winner (X)
Monday, February 14, 2011 - 8:48am | 140Deutsche Bank has a research note on shares of United States Steel Corporation (NYSE: X). In a note to clients, Deutsche Bank writes, "Somewhat to our surprise (we heard rumblings on this move), AK announced that it would hike steel prices another $50/t to ~$900/st. If anyone needs this increase,...