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Commodity Stocks Rally After Shanghai Bounce
Thursday, February 10, 2011 - 12:31pm | 211Last night, the important Shanghai Index rallied higher by 1.59 percent. This rally in the Chinese market comes despite the Chinese central bank increasing the benchmark interest rate by 25 basis points on February 9th, 2011. This rate increase was put in place to fight the high inflation that the...
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Barclays Downs GGB To Equal Weight
Thursday, February 10, 2011 - 7:01am | 50Analysts at Barclays downgrade Gerdau SA (NYSE: GGB) from “overweight” to “equal weight.” The target price for GGB has been raised from $25 to $28. GGB shares fell 2.47% to close at $13.45 yesterday. More Analyst Ratings here
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Rio Tinto Reports Record Profit, Plans $5B Buyback
Thursday, February 10, 2011 - 2:43am | 186Rio Tinto (NYSE: RIO), the world's second-largest iron ore producer, said its second-half 2010 profit, excluding one-time items, more than doubled to $8.22 billion from $3.73 billion a year earlier. Analysts were forecasting a profit of $8.29 billion. Robust demand for copper, coal and iron ore by...
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2-9-11 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Wednesday, February 9, 2011 - 12:39pm | 3926Matthew Craft, AP Business Writer Shares flat, Dow's 7-day winning streak at risk Stocks flat in early trading; Earnings have pushed major indexes to levels last seen in 2008 NEW YORK (AP) — Stocks were flat in early trading Wednesday, threatening to break a seven-day winning streak for the Dow...
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Carpenter Technology Announces Columbium Surcharge
Wednesday, February 9, 2011 - 10:18am | 94Carpenter Technology Corporation (NYSE: CRS) today announced it will implement a columbium surcharge effective with shipments beginning March 1, 2011. The columbium element of the surcharge will be based on the monthly mean value for Ferro Columbium (Niobium) found on metalprices.com, using a base...
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Cliffs Natural Resources To Close Deal With Consolidated Thompson, Deutsche Bank Maintains Buy
Tuesday, February 8, 2011 - 9:47am | 154Deutsche Bank has published a research report on Cliffs Natural Resources (NYSE: CLF) after having spent time with company management while visiting with investors. In the report, Deutsche Bank writes "The C$5bn Consolidated Thompson (CLM) deal remains at forefront, with most investors agreeing on...
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A Peek Into The Market Before The Trading Starts
Tuesday, February 8, 2011 - 8:44am | 514Pre-open movers US stock futures are flat this morning after China's central bank raised interest rates. Futures on the Dow Jones Industrial Average rose 9 points to 12,117 and S&P 500 futures dropped 0.60 point to 1,315. Nasdaq 100 futures gained 0.50 point to 2,345.50. A Peek Into Global...
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Arcelor Mittal Reports Q4 Loss, Looks For Strong 2011
Tuesday, February 8, 2011 - 5:17am | 175Arcelor Mittal (NYSE: MT), the world's largest steelmaker, reported a fourth-quarter loss of $780 million compared with a profit of $1.1 billion in the year-earlier period. The Luxembourg-based company posted EBITDA of $1.85 billion topping the estimate of $1.68 billion of 17 analysts polled by...
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Options Brief: Companhia Siderurgica Nacional (SID)
Monday, February 7, 2011 - 2:23pm | 75Shares of Companhia Siderurgica Nacional (NYSE: SID) are higher on the session by 0.06%, trading at $17.05. Overall put volume is now running at 7.42x the daily average, with 9% of all puts traded being purchases on the offer. 5,523 contracts have traded on the session so far. Companhia...
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Monday's Put/Call Ratio Leaders (SRE, BPOP, SID, KEY, ITUB)
Monday, February 7, 2011 - 1:22pm | 93Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Sempra Energy (NYSE: SRE) 3,917 puts, 54 calls 2. Popular Inc. (NASDAQ: BPOP) 40,261 puts, 843 calls 3. Companhia Siderugica Hacional (NYSE: SID) 5,048 puts, 115 calls 4. KeyCorp (...
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Mechel Signs $210M Loan to Finance Construction of Second Line at Sibirginskaya Mine
Monday, February 7, 2011 - 10:45am | 74Mechel OAO (NYSE: MTL) announces it has signed a loan agreement to finance construction of the second line at the Sibirginskaya mine. According to the terms of the agreement, Transcreditbank OAO grants Southern Kuzbass Coal Company OAO a loan of 6.189 billion rubles (approximately 210.4 million...
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HSBC Ups MT To Overweight
Monday, February 7, 2011 - 6:52am | 47Analysts at HSBC upgrade ArcelorMittal (NYSE: MT) from “neutral” to “overweight.” The target price for MT is set to $45. MT shares fell 0.74% to close at $36.14 on Friday. More Analyst Ratings here
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Egypt, the Dollar and Bernanke - Voice of the People
Thursday, February 3, 2011 - 6:23pm | 723Zacks' Voice of the People Highlights user inthemoneystocks: "Egypt, the Dollar and Bernanke" from the People & Picks community. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post Egypt, the Dollar and Bernanke There is a lot going on this morning as far as...
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Egypt, the Dollar and Bernanke - Voice of the People
Thursday, February 3, 2011 - 5:58pm | 723Zacks' Voice of the People Highlights user inthemoneystocks: "Egypt, the Dollar and Bernanke" from the People & Picks community. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post Egypt, the Dollar and Bernanke There is a lot going on this morning as far as...
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Carpenter Powder Products Raises Tool Steel Products Prices by 5-7%
Thursday, February 3, 2011 - 12:57pm | 74Carpenter Powder Products today announced that it will increase base prices by 5 – 7 percent on all Micro Melt and wrought tool steel products. The increase will be effective for orders shipped on or after March 1, 2011. Additionally, current monthly surcharges will remain in effect. Carpenter...