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POSCO Joins Forces with Mechel - Analyst Blog
Monday, November 22, 2010 - 2:30pm | 422Korean steel producer POSCO (PKX), according to a recently signed memorandum of agreement with Russian steel maker Mechel, will invest for development of resources in Siberia and distribution routes in the Far East. Prime areas of focus will be resource exploitation and joint investments,...
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Benzinga's Top Downgrades (MT, MEE, YGE, SPP)
Monday, November 22, 2010 - 9:36am | 148ArcelorMittal (NYSE: MT) was downgraded by UBS from "buy" to "neutral." MT's shares closed at $34.23 on Friday. ArcelorMittal's 52-week trading range is $26.12-$48.55. Massey Energy Company (NYSE: MEE) was downgraded by FBR Capital from "outperform" to "market perform." MEE's stock closed at $49.01...
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POSCO Joins Forces with Mechel - Analyst Blog
Monday, November 22, 2010 - 8:58am | 422Korean steel producer POSCO (PKX), according to a recently signed memorandum of agreement with Russian steel maker Mechel, will invest for development of resources in Siberia and distribution routes in the Far East. Prime areas of focus will be resource exploitation and joint investments,...
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UBS Downgrades MT To Neutral
Monday, November 22, 2010 - 8:16am | 47Analysts at UBS downgrade ArcelorMittal (NYSE: MT) from "buy" to "neutral." The target price for MT is set to $34.06. MT's shares gained 0.82% to close at $34.23 on Friday. More Analyst Ratings here
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Exclusive Interview with Ken Fisher Part 6 - How Tax Changes Will Affect the Market
Saturday, November 20, 2010 - 5:16pm | 1342Ken Fisher is a money manager, and on the list of the Forbes 400 Richest Americans. He is also a Forbes columnist, where he recently recommended several income stocks, such as Sims Metal Management (SMS), Net Servicos de Comunicacao (NETC), and PetroChina (PTR). His latest book, Debunkery: Learn It...
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Cliffs Resources Breaking Out (CLF)
Friday, November 19, 2010 - 1:31pm | 41Cliffs Natural Resources Inc (NYSE: CLF) is breaking out today, gaining more than 2%, and is now firmly above its 10 day moving average, at $69. At last check, shares were up $1.66 to $69.46 on 2.1 million shares.
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Zacks #5 Rank Additions for Friday - Tale of the Tape
Friday, November 19, 2010 - 9:33am | 346Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AK Steel Holding Corp (AKS) Banner Corp (BANR) BHP Billiton plc (BBL) Boston Pvt Fin Holdings Inc (BPFH) Checkpoint Sys Inc (CKP) View the entire Zacks #5 Rank List. AK STEEL HLDG (AKS): Free Stock Analysis Report BANNER...
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Zacks #5 Rank Additions for Friday - Tale of the Tape
Friday, November 19, 2010 - 4:14am | 346Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AK Steel Holding Corp (AKS) Banner Corp (BANR) BHP Billiton plc (BBL) Boston Pvt Fin Holdings Inc (BPFH) Checkpoint Sys Inc (CKP) View the entire Zacks #5 Rank List. AK STEEL HLDG (AKS): Free Stock Analysis Report BANNER...
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Mad Money Lightning Round OT: Cramer Is A Buyer Of Joy Global (JOYG) (BUCY, GGB, LVS, JOYG)
Thursday, November 18, 2010 - 9:18pm | 202On CNBC's Mad Money Lightning Round OT, Jim Cramer said that Michael Sutherlin of Joy Global Inc. (NASDAQ: JOYG) is a winner. Cramer wants to buy JOYG on any weakness, and he also likes Bucyrus International, Inc. (NASDAQ: BUCY). Joy Global (JOYG) gained 0.69% today. The steel companies are well of...
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PKX to Explore Oil in Uzbekistan - Analyst Blog
Thursday, November 18, 2010 - 5:30pm | 425Korean steel producer, POSCO (PKX) signed agreements with the State-run National Oil Corporation and Samchully for the exploration of two oil fields in Uzbekistan. The fields covering 6,170 km2 are located offshore in the Northeastern region of Uzbekistan. The oil block exploration project...
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SID Downgraded to Underperform - Analyst Blog
Thursday, November 18, 2010 - 3:33pm | 433We recently downgraded our recommendationfor Companhia Siderurgica Nacional (SID) or CSN, one of the leading Brazilian steel makers, from Neutral to Underperform. Third Quarter Highlights On October 28, Companhia Siderurgica Nacional announced its financial results for the third quarter of...
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PKX to Explore Oil in Uzbekistan - Analyst Blog
Thursday, November 18, 2010 - 12:07pm | 425Korean steel producer, POSCO (PKX) signed agreements with the State-run National Oil Corporation and Samchully for the exploration of two oil fields in Uzbekistan. The fields covering 6,170 km2 are located offshore in the Northeastern region of Uzbekistan. The oil block exploration project...
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NASDAQ Stocks Hitting 52-Week Highs (DLTR, HIBB, LDSH, UHAL)
Thursday, November 18, 2010 - 11:40am | 155Dollar Tree Inc (NASDAQ: DLTR) shares gained 2.44% to create a new 52-week high of $56.04. DLTR reported upbeat Q3 results. Hibbett Sports Inc (NASDAQ: HIBB) shares reached $28.61 to create a new 52-week high, before falling to $28.44, representing a 2.12% gain. HIBB's quarterly earnings jumped 257...
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J.P. Morgan Upgrades Allegheny Tech to Overweight (ATI)
Thursday, November 18, 2010 - 11:20am | 198J.P. Morgan is out with a research report this morning, where it upgrades shares of Allegheny Technologies (NYSE: ATI) to Overweight, from Neutral; it has a $58.00 price target on the stock. The JPM analysts noted that, since early November, negative aerospace headlines and nickel price weakness...
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Dahlman & Rose Metals & Mining Update
Thursday, November 18, 2010 - 10:46am | 145Dahlman Rose has published its Metals & Mining Update today and maintains its ratings on Rio Tinto (NYSE: RIO) and AK Steel Holding (NYSE: AKS). RIO maintains its Buy rating and $115 price target. In a note to clients, Dahlman Rose writes, "In the short-term, the global economy is still...