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Dahlman Rose Reiterates Buy and PT of $120 on Cliffs Natural Resources
Friday, July 29, 2011 - 7:55am | 62Dahlman Rose reiterated its Buy rating on Cliffs Natural Resources (NYSE: CLF). At the same time, the rating agency left its price target on the company's stock unchanged at $120. On Thursday, CLF lost 4.34% of its value to finish the day at $89.53. Its shares continued to slide in today's pre-...
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Jefferies Reiterates Buy and PT of $69 on Reliance Steel & Aluminum
Friday, July 29, 2011 - 6:50am | 48Jefferies reiterated its Buy rating on Reliance Steel & Aluminum (NYSE: RS). At the same time, the rating agency left its price target on the company's stock unchanged at $69. On Thursday, RS lost 0.02% of its value to end the day at $47.18.
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Top 4 Large-Cap Stocks In The Industrial Metals & Minerals Industry With The Lowest PEG Ratio
Friday, July 29, 2011 - 3:55am | 121Below are the top large-cap industrial metals & minerals stocks on the NYSE and the NASDAQ in terms of PEG ratio Cliffs Natural Resources Inc (NYSE: CLF) has a PEG ratio of 0.34. CLF's trailing-twelve-month ROE is 38.47%. Peabody Energy Corporation (NYSE: BTU) has a PEG ratio of 0.58. BTU's...
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Iron Ore Stocks Investor News Alert: TurkPower, Oceanic Iron Ore, Black Iron, Advanced Explorations
Thursday, July 28, 2011 - 10:49am | 661Point Roberts WA - July 27 2011 (Investorideas.com Mining Newswire) � www.Investorideas.com, a leader in sector research for investors including mining and resource stocks, issues a trading alert for iron ore stocks, as of trading July 26th. For investors following iron ore stocks, the China Iron...
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Bank of America Merrill Lynch Reiterates Buy On Allegheny Technologies
Thursday, July 28, 2011 - 8:11am | 164Bank of America Merrill Lynch is out with a research report on Allegheny Technologies (NYSE: ATI) and is reiterating its Buy rating and $75 price target on shares. In a note to investors, Bank of America Merrill Lynch writes, "We cut 2011e EPS to $2.55 vs $3.00 due to a weaker stainless steel...
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Citi Maintains Sell on Allegheny Technologies
Thursday, July 28, 2011 - 7:32am | 89Citi is out with its report today on Allegheny Technologies (NYSE: ATI), maintaining Sell. In a note to clients, Citi writes, "We have offset the 2Q beat with a $0.05/sh reduction to our 4Q11 EPS estimate, resulting in the same 2011 estimate of $2.65. We are maintaining our Sell/High-Risk rating...
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Stocks to Watch for Thursday 7/28/2011: Fresh 52 Week Highs and Lows
Thursday, July 28, 2011 - 2:37am | 3403Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and entry/exit points become more clearly defined. The following stocks hit new 52-week highs in Wednesday's trading session (listed from highest total volume to...
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Wednesday's S&P 500 Sector Recap: Hottest and Coldest Sectors
Wednesday, July 27, 2011 - 5:36pm | 1734The S&P 500 (SPX) took a major hit in Wednesday's trading session, finishing down 27.05 points, or 2.03%, from Tuesday's close to 1304.89. The selling began just after the opening bell, and the index extended its losses throughout the session, closing near the low of the day (1303.49), as...
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Grupo Simec Announces Results of Operations for the First Six Months of 2011
Wednesday, July 27, 2011 - 3:10pm | 186Grupo Simec, S.A.B. de C.V. (NYSE: SIM) announced today its results of operations for the sixth-month period ended June 30, 2011. Comparative first six months of 2011 vs. first six months of 2010 Net Sales Net sales of the Company increased 8% from Ps. 12,760 million in the first half of 2010...
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Commodities Stocks Melt On Stronger Dollar
Wednesday, July 27, 2011 - 11:00am | 161The U.S. Dollar Index futures (DX U1) are trading higher this morning by 0.37 cents to $74.01 per contract. As we all know by now, when the U.S. Dollar Index trades higher the leading commodity and energy stocks will usually come under selling pressure. The opposite effect will usually happen when...
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Options Brief: Steel Dynamics
Wednesday, July 27, 2011 - 10:25am | 104Shares of Steel Dynamics (NASDAQ: STLD) are lower on the session by 0.98%, trading at $15.66. Overall put volume is now running at 6.94x the daily average, with 0% of all puts traded being purchases on the offer. 1,950 contracts have traded on the session so far. Steel Dynamics, Inc. is a steel...
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UPDATE: Dahlman Rose Lowers PT on AK Steel Holding Corporation from $22 to $19
Wednesday, July 27, 2011 - 9:29am | 139Dahlman Rose has published a research report on AK Steel Holding Corporation (NYSE: AKS) lowering the price target from $22 to $19. In the report, Dahlman Rose wrote, "AK Steel reported 2Q11 EPS of $0.30, well below our and consensus estimates of $0.50 and below company-issued guidance. Reported...
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Bank of America Reiterates Underperform on AK Steel, Slashes PT to $12
Wednesday, July 27, 2011 - 9:27am | 57Bank of America reiterated its Underperform rating on AK Steel (NYSE: AKS). At the same time, the rating agency reduced its price target on the company's stock from $16 to $12. On Tuesday, AKS closed the day at $12.81. Its shares added 1.64% to their value in today's pre-market trading to stand...
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Reliance Steel & Aluminum Co. Announces a New $1.5 Billion Credit Facility
Wednesday, July 27, 2011 - 8:50am | 154Reliance Steel & Aluminum Co. (NYSE: RS) announced today that it has amended and restated its existing $1.1 billion unsecured revolving credit facility for five years and increased the size to $1.5 billion. The restated credit facility includes an increase option for up to an additional $500...
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J.P. Morgan Lowers PT On X To $68
Wednesday, July 27, 2011 - 7:39am | 227J.P. Morgan is lowering its price target from $76 to $68 on U.S. Steel Corp. (NYSE: X) in light of poor pricing and demand as of late. Says J.P. Morgan, in the report, “We are lowering our estimates and target for U.S. Steel but remain Overweight on the stock based on our view that bottoming steel...