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Egypt, the Dollar, and Bernanke
Thursday, February 3, 2011 - 11:00am | 482There is a lot going on this morning as far as geopolitical events are concerned. The Egypt protesting by the people continues to escalate. Protesters are now demanding the removal of Egyptian President Mubarak. It now appears as if there is similar protesting taking place in Yemen. Many reporters...
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Schnitzer Acquires Ferrill's Auto Parts
Tuesday, February 1, 2011 - 2:34pm | 67Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) today announced that it has entered into a definitive agreement to acquire substantially all of the assets of Ferrill's Auto Parts, Inc. of Seattle, Washington, which does business as Pull A Part. This acquisition of three self-service facilities...
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Deutsche Bank Issues Industry Alert - Metals And Mining (AA, ANR, ACI, ABX, CLF, FCX, NUE)
Tuesday, February 1, 2011 - 12:17pm | 185Deutsche Bank published an industry alert on the Metals and Mining industry this morning following updates on several companies. In the report, Deutsche bank highlighted the iron ore export ban in Karnataka, stating that as reported, the ban will be lifted in the next couple weeks after India's...
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Calls Purchased on Mechel OAO (MTL)
Tuesday, February 1, 2011 - 11:35am | 132Shares of Mechel OAO (NYSE: MTL) are higher on the session by 6.41%, currently trading at $33.55. 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 calls on the name today. Though...
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Standpoint Research Initiates POSCO with Accumulate
Tuesday, February 1, 2011 - 11:21am | 18Standpoint Research initiates POSCO (NYSE: PKX) with an Accumulate rating.
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Top Performing Industries For February 1 (SNDK, SMS, SCCO, IFON)
Tuesday, February 1, 2011 - 11:18am | 183At 10:15 am, the Dow rose 0.50% to 11,951.12, the broader Standard & Poor's 500 index moved up 0.81% to 1,296.60 and the NASDAQ composite index rose 0.92% to 2,724.80. The industries that are driving the market today are: Semiconductor- Memory Chips: This industry jumped 2.48% by 10:15 am. The...
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INTERACTIVE BRK (IBKR) - Profit Tracks
Tuesday, February 1, 2011 - 10:31am | 609Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List - Stocks to Sell Now by 80% annually (+2% versus +10%). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid...
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ArcelorMittal and Nunavut Iron Take-up Additional 4.77M Baffinland Securities
Tuesday, February 1, 2011 - 9:36am | 58ArcelorMittal (NYSE: MT) and Nunavut Iron Ore Acquisition Inc. announced today that they have taken-up an additional 4,773,400 common shares of Baffinland Iron Mines Corporation under their outstanding offer of C$1.50 per Common Share and C$0.10 per common share purchase warrants issued pursuant to...
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INTERACTIVE BRK (IBKR) - Profit Tracks
Tuesday, February 1, 2011 - 1:00am | 609Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List - Stocks to Sell Now by 80% annually (+2% versus +10%). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid...
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Margins Marching Higher - Earnings Trends
Monday, January 31, 2011 - 3:01pm | 4936Key Points: 4Q earnings season off to strong start, with 206 of the S&P 500 reports in, median surprise of 4.28% and surprise ratio of 3.73 for EPS, 1.53% and 2.94 for revenues. Reported (206 firms) fourth quarter earnings growth of 31.2%, expected (294 firms) year-over-year growth of 19.5%...
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Goldman Sachs Sees Upside In U.S. Steel (X)
Monday, January 31, 2011 - 9:56am | 117Goldman Sachs is out with a research report on U.S. Steel (NYSE: X), saying it sees near term upside in the name. In a note to clients, Goldman writes, "Strong price momentum should bode well for our Buy-rated names, STLD and RS, which should continue to out-earn their peers through the cycle. Both...
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ArcelorMittal and Nunavut Iron Take-up Additional 8.4M Baffinland Shares
Monday, January 31, 2011 - 9:03am | 58ArcelorMittal (NYSE: MT) and Nunavut Iron Ore Acquisition Inc. announced today that they have taken-up an additional 8,410,670 common shares of Baffinland Iron Mines Corporation under their outstanding offer of C$1.50 per Common Share and C$0.10 per common share purchase warrants issued pursuant to...
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Sunoco to Continue Separation of SunCoke Following Settlement with ArcelorMittal on Coke Pricing
Monday, January 31, 2011 - 8:40am | 183Sunoco, Inc. (NYSE: SUN) said today that it will move forward with the planned separation of SunCoke Energy after reaching an agreement with ArcelorMittal (NYSE: MT) that resolves the lawsuit concerning coke pricing for the Jewell facility. The settlement agreement, which is effective...
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Margins Marching Higher - Earnings Trends
Monday, January 31, 2011 - 1:00am | 4936Key Points: 4Q earnings season off to strong start, with 206 of the S&P 500 reports in, median surprise of 4.28% and surprise ratio of 3.73 for EPS, 1.53% and 2.94 for revenues. Reported (206 firms) fourth quarter earnings growth of 31.2%, expected (294 firms) year-over-year growth of 19.5%...
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Stock Market News for Jan 28, 2011 - Market News
Friday, January 28, 2011 - 11:01am | 1265Technology stock earnings results helped the markets close higher on Thursday's trade after mixed economic data failed to push the markets up to new highs. The Dow fell from the psychological 12,000 mark it had touched Wednesday, the highest since June 2008. The Dow Jones Industrial Average rose...