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SID Downgraded to Underperform - Analyst Blog
Thursday, November 18, 2010 - 10:07am | 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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Zacks #5 Rank Additions for Thursday - Tale of the Tape
Thursday, November 18, 2010 - 9:33am | 344Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Abraxas Petroleum Corp (AXAS) Amer Reprographics Co (ARP) Barclays PLC (BCS) Brookfield Asset Mgmt Inc (BAM) Companhia Siderurgica Nacional ADR (SID) View the entire Zacks #5 Rank List. AMER REPROGRAPH (ARP): Free Stock...
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JP Morgan Upgrades ATI To Overweight
Thursday, November 18, 2010 - 8:26am | 49Analysts at JP Morgan upgrade Allegheny Technologies Incorporated (NYSE: ATI) from "neutral" to "overweight." The target price for ATI is set to $58. ATI's shares lost 3.06% to close at $48.41 yesterday. More Analyst Ratings here
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Zacks #5 Rank Additions for Thursday - Tale of the Tape
Thursday, November 18, 2010 - 4:14am | 344Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Abraxas Petroleum Corp (AXAS) Amer Reprographics Co (ARP) Barclays PLC (BCS) Brookfield Asset Mgmt Inc (BAM) Companhia Siderurgica Nacional ADR (SID) View the entire Zacks #5 Rank List. AMER REPROGRAPH (ARP): Free Stock...
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Benzinga's Volume Movers (LDSH, CMED, SINA, CTEL)
Wednesday, November 17, 2010 - 2:01pm | 180Ladish Co Inc (NASDAQ: LDSH) shares moved up 56.15% to $45.80 at 12:54 pm. The volume of LDSH shares traded was 11395% higher than normal. Allegheny Technologies Inc (NYSE: ATI) has announced its plans to buy LDSH for around $778 million in cash and stock. China Medical Technologies Inc (NASDAQ:...
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NASDAQ Stocks Hitting 52-Week Highs (COST, GLNG, PNRA, LDSH)
Wednesday, November 17, 2010 - 1:35pm | 166Costco Wholesale Corporation (NASDAQ: COST) shares reached $66.58 to create a new 52-week high, before falling to $66.55, representing a 1.23% gain. COST's earnings are likely to increase by 18.48% this year. Golar LNG Limited (NASDAQ: GLNG) shares reached $14.65 to create a new 52-week high,...
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Options Brief: Allegheny Technologies (ATI)
Wednesday, November 17, 2010 - 12:07pm | 101Shares of Allegheny Technologies (NYSE: ATI) are lower on the session by 1.30%, trading at $12.88. Overall call volume is now running at 5.03x the daily average, with 18% of all calls traded being purchases on the offer. 12,546 contracts have traded on the session so far. Allegheny Technologies...
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Ladish Advances On Acquisition News
Wednesday, November 17, 2010 - 11:34am | 79Shares of Ladish Co Inc (NASDAQ: LDSH) jumped after Allegheny Technologies Inc (NYSE: ATI) announced its plans to buy LDSH for around $778 million in cash and stock. LDSH's shares surged 55.85% to $45.71 at 10:28 am. Shares of Ladish have lost 9.14% over the past week and gained 94.88% so far this...
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Morning Market Movers (LDSH, ZANE, ACFC, HYC)
Wednesday, November 17, 2010 - 11:07am | 143Ladish Co Inc (NASDAQ: LDSH) jumped 55.81% to $45.70 at 10:06 am. Allegheny Technologies Inc (NYSE: ATI) has announced its plans to buy LDSH for around $778 million in cash and stock. Zanett Inc (NASDAQ: ZANE) shares surged 25.50% to $1.87. ZANE swung to profit in the third quarter. Atlantic Coast...
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Allegheny Technologies To Acquire Ladish for $778M
Wednesday, November 17, 2010 - 9:33am | 104Allegheny Technologies Incorporated (NYSE: ATI) and Ladish Co., Inc. (NASDAQ: LDSH) today announced that they have entered into a definitive merger agreement whereby ATI will acquire Ladish for an aggregate fully distributed equity value of approximately $778 million. Ladish shareholders will...
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SinoCoking Announces First Quarter 2011 EPS of $.12
Tuesday, November 16, 2010 - 2:50pm | 239SinoCoking Coal and Coke Chemical Industries, Inc. (Nasdaq: SCOK) announced financial results for the first quarter ended September 30, 2010. First Quarter 2011 Highlights: Sale of coke products increased 52.63% to $9.12 million in three month period ended Sept. 30, 2010 from $5.98 million...
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Zacks #5 Rank Additions for Tuesday - Tale of the Tape
Tuesday, November 16, 2010 - 9:18am | 344Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Aegean Marine Petroleum Network Inc (ANW) Agilysys Inc (AGYS) AK Steel Holding Corp (AKS) Amer Greetings Corp (AM) Apogee Enterprises Inc (APOG) View the entire Zacks #5 Rank List. AGILYSYS INC (AGYS): Free Stock Analysis...
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Keyuan Petrochemicals Inc. Announces Third Quarter EPS of $.14
Tuesday, November 16, 2010 - 9:12am | 105Keyuan Petrochemicals, Inc. (Nasdaq: KEYP) today announced the Company's financial results for the third quarter of 2010. Revenue for the third quarter ended September 30, 2010 totaled $151.3 million, based on the sale of 181,282 metric tons (MT) of petrochemical products, up 14.7% versus the...
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Financials Show Strength 11-15-2010
Monday, November 15, 2010 - 7:25pm | 891Cusick's Corner Strength showed up in the Financials, XLF, and their leadership has pulled the market into the green. I mentioned in the Corner last week to keep an eye on the short-term moving averages as a possible signal for a potentially deeper pullback -- the S&P and NASDAQ have held...
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Investors Sell Long-Term Calls in Procter & Gamble (NYSE:PG)
Monday, November 15, 2010 - 3:43pm | 1733Consumer-products giant The Procter & Gamble Company (NYSE:PG) is up about 7% year-to-date. While nothing to sneeze at, this is below the 8% gain seen in the overall broader market. Both of these measurements are price return only, not including dividends. Since the overall market has about a...