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Bank of America Lowers PO On AK Steel To $12
Wednesday, July 27, 2011 - 7:38am | 28Bank of America has lowered the price objective on AK Steel ((NYSE: AKS) from $16 to $12 and maintains its Underperform rating.
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UPDATE: Bank of America Merrill Lynch Lowers PO on US Steel to $39
Wednesday, July 27, 2011 - 7:17am | 93Bank of America Merrill Lynch is out with its report today on US Steel (NYSE: X), lowering its PO from $42 to $39. In a note to clients, Bank of America Merrill Lynch writes, "We rate X Underperform on concern over excess US sheet and tubular tons. We forecast $680/t for H2 HRC prices but spot is...
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JP Morgan Lowers PT On US Steel To $68
Wednesday, July 27, 2011 - 6:49am | 27JP Morgan has lowered the price target on US Steel (NYSE: X) from $76 to $68 and maintains its Overweight rating.
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Jefferies Previews 2Q Earnings for United States Steel Corporation
Wednesday, July 27, 2011 - 6:44am | 190Jefferies has published a research report on United States Steel Corporation (NYSE: X) maintaing the rating and price target while previewing 2Q earnings. In the report, Jefferies wrote, "Following X's modest miss in 2Q11 and lower guidance for 3Q11, we maintain our Hold rating on the shares....
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Bank of America Lowers PO On US Steel To $39
Wednesday, July 27, 2011 - 6:10am | 28Bank of America has lowered the price objective on US Steel (NYSE: X) from $42 to $39 and maintains its Underperform rating.
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Stocks to Watch for Wednesday 7/27/2011: Fresh 52 Week Highs and Lows
Wednesday, July 27, 2011 - 4:37am | 2249Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Tuesday's trading session (listed from highest total volume to...
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Playing Chicken 07-26-2011
Tuesday, July 26, 2011 - 6:46pm | 1029Cusick's Corner We finished right on the lows and the bureaucrats in Washington still think that it is ok to continue to play Deficit Chicken. The pullback in the Buck was something that caught my eye and explained the run in the Commodities, XLE/DBC/FCX, so these are the sectors that investment...
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Till Debt Do Us Part
Tuesday, July 26, 2011 - 3:47pm | 504One minute we hear that the politicians are close to a debt ceiling increase deal and then another minute we hear that they are not. The stock market only cares about certainty. This afternoon, we have seen small buy programs hit the stock market throughout the trading session only to find out it...
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What's The Dealio? 07-26-2011
Tuesday, July 26, 2011 - 3:08pm | 1112Cusick's Corner This is frustrating, choppy action in the markets today and when they start acting like this you really want to keep your focus and patience on positioning. Gold traders, GLD, are the most frustrated, this market looks like it should just turn over but just has not turned south,...
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Beat Wall Street: The Guide To Becoming A Pro Trader
Tuesday, July 26, 2011 - 12:28pm | 514Wall Streets continues to hold its breath over whether or not our petty politicians will reach a debt agreement. The markets are not selling sharply as many would have assumed, mainly due to the overall belief an agreement will be reached. With the SPDR S&P 500 ETF (NYSE: SPY) trading at $133....
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Calls Purchased on Commercial Metals
Tuesday, July 26, 2011 - 11:08am | 116Shares of Commercial Metals (NYSE: CMC) are lower on the session by 0.07%, currently trading at $14.69. The stock has been moving largely lower over the past six months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A short while ago...
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Market Movers Update
Tuesday, July 26, 2011 - 10:43am | 227Winners: Sino-Forest (OTC: SNOFF) is trading up over 18.50%. Lexmark (NYSE: LXK) is trading up almost 18.50% after the company reported earnings. Sanmina-SCI (NASDAQ: SANM)is trading up over 17% after reporting earnings. Volterra Semiconductor (NASDAQ: VLTR) is trading up over 14% after reporting...
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Earnings Roundup
Tuesday, July 26, 2011 - 9:32am | 1635Lockheed Martin Corp (NYSE: LMT) reported a 10% decline in its Q2 profit. Lockheed Martin's quarterly net earnings dropped to $742 million, or $2.14 per share, from $824 million, or $2.22 per share, in the year-earlier quarter. Its net sales increased to $11.55 billion from $11.28 billion....
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UPDATE: AK Steel Reports Downbeat Q2 Earnings; Shares Decline In Pre-Market Trading
Tuesday, July 26, 2011 - 9:17am | 82AK Steel Holding Corp (NYSE: AKS) reported downbeat second-quarter earnings. AK Steel reported its quarterly earnings at $33.1 million, or $0.30 per share, up from $26.7 million, or $0.24 per share, in the year-earlier period. Its revenue rose 12% y/y to $1.80 billion. Excluding charges related...
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Bank of America Merrill Lynch Maintains Underperform on US Steel
Tuesday, July 26, 2011 - 8:51am | 110Bank of America Merrill Lynch is out with its report today on US Steel (NYSE: X), maintaining Underperform. In a note to clients, Bank of America Merrill Lynch writes, "We rate U.S. Steel at Underperform given concerns related to excess supply in both its U.S. sheet and tubular divisions. We see...