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Allegheny Headed for a Tough 3Q - Analyst Blog
Tuesday, October 19, 2010 - 8:30am | 724Specialty metal maker Allegheny Technologies Incorporated (ATI) is slated to release its third quarter 2010 results on October 26, 2010. Allegheny has projected third quarter 2010 net income of 26 cent (before extraordinary charges). Adjusting for special items, the company expects to earn 1 cent...
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OmniSource Corporation Sues Marion County Prosecutor
Monday, October 18, 2010 - 9:11am | 62Steel Dynamics, Inc. (Nasdaq: STLD) today announced that its wholly–owned subsidiary, OmniSource-Indianapolis LLC, has filed a lawsuit in Marion Superior Court in Indianapolis against Carl Brizzi, the Prosecutor of Marion County, seeking to force him to return $277,508 in cash seized on February 23...
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ATI's 3Q Pre-Announcement
Monday, October 18, 2010 - 7:08am | 104Deutsche Bank has published a research report on Allegheny Technologies (NYSE: ATI) in anticipation of 3Q earnings results. In the research report, Deutsche Bank writes "ATI disclosed that its operating results were in-line with its prior expectation but a higher LIFO inventory (nickel) charge...
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Worthington Industries - Value
Monday, October 18, 2010 - 2:03am | 721We were waiting on the earnings for Worthington Industries (WOR) on Sep 29 and it did not disappoint as it beat the Zacks Consensus by 6 cents, or 25%. Investors had been worried going into the report about a possible slowdown in the steel sector and the rise in raw material prices, but WOR proved...
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Allegheny Technologies Updates Q3 Outlook
Friday, October 15, 2010 - 7:48am | 177Allegheny Technologies Incorporated (NYSE: ATI) today provided guidance for the third quarter 2010. ATI expects net income per share for the third quarter 2010 before certain charges to be approximately $0.26. The charges expected in the third quarter 2010 are: An additional pretax LIFO “catch...
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Don't Forget About This Mining ETF
Friday, October 15, 2010 - 6:23am | 261Considering all the hype that emerging markets ETFs get and the love affair that many traders and investors enjoy with materials and mining ETFs, one would think that an ETF that combines those worlds would get a lot of attention. That's not the case with the EGShares Dow Jones Emerging Markets...
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Top 4 Large-Cap Stocks In Steel & Iron Industry With The Highest Cash (PKX, VALE, SID, GGB)
Friday, October 15, 2010 - 4:32am | 144Below are the top large-cap steel & iron stocks on the NYSE and the NASDAQ in terms of cash. POSCO (NYSE: PKX) had $7.49 billion in total cash and $10.82 billion in total debt for the latest quarter. VALE SA (NYSE: VALE) had $7.15 billion in total cash for the latest quarter. VALE's total debt...
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2010 Fund Performance Period 10
Thursday, October 14, 2010 - 3:45pm | 4455If, after reading the blog content you might have an interest in participation for the mutual fund, please consider reading why this blog exists. Conditional launch date should be November 2010. [Jan 2008: Reader Pledges Toward Mutual Fund Launch] [May 2008: Frequently Asked Questions] Our story...
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3Q Preview On U.S. Steel
Wednesday, October 13, 2010 - 6:51am | 148Deutsche Bank has issued a company alert on US Steel (NYSE: X) in anticipation of 2Q10 results. In the report, Deutsche Bank writes "Prior comments from X noted that profitability will decline in 3Q as a result of lower shipments & higher maintenance costs in its Flat rolled segment. Tubular is...
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Mad Money Lightning Round: Cramer Likes Domino's Pizza, Bank of America, Nucor (DPZ, BAC, WMT, NUE, VLCCF)
Wednesday, October 13, 2010 - 6:14am | 164On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he likes Domino's Pizza (NYSE: DPZ) even at $14. He added, “I liked it at $7." Jim likes Bank of America (NYSE: BAC) and believes “one of these days the banks will turn." For Wal-Mart (NYSE: WMT), he said, "Guys are downgrading...
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Metal Plays Weak With Gold
Tuesday, October 12, 2010 - 12:34pm | 149Gold is seeing some rare selling today as the market awaits words from the Federal Reserve at 2:00pm ET. The Dollar is flat to weaker which tells educated investors that some profits are being taken ahead of the FOMC minutes. The SPDR Gold Trust (ETF) (NYSE: GLD) is lower, trading at $131.59, -0....
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Commodity Stocks Under Pressure.
Tuesday, October 12, 2010 - 11:17am | 130This morning most of the leading commodity stocks are under some pressure on the back of a stronger U.S. Dollar Index. Since June 7th the U.S. Dollar Index has plummeted lower by 12.0 percent and most commodities have directly benefited from that dollar decline. Major commodity leaders such as...
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Posco Profit Tumbles
Tuesday, October 12, 2010 - 4:59am | 118South Korea's Posco (NYSE: PKX), the world's third-largest steelmaker, said its third-quarter profit dipped 8.6% to 1.04 trillion won from 1.14 trillion won a year earlier, missing the average analyst estimate of 1.13 trillion won. Sales surged 24%. The profit decline was Posco's first in four...
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Spotlight on a 7.7% Yield Stock
Sunday, October 10, 2010 - 4:19pm | 321If you think the economy is turning around, with manufacturing and construction picking up, you may think that iron ore is a way to play the recovery. One way of investing in iron ore is through a mining royalty trust such as Mesabi Trust (MSB). Mesabi owns an income stream from an iron mine...
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Friday's Put/Call Ratio Leaders (GGB, ARIA, RYL, UBS, CIM)
Friday, October 8, 2010 - 12:35pm | 91Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Gerdau SA (NYSE: GGB) 9,0001 puts, 10 calls 2. Ariad Pharmaceuticals (NASDAQ: ARIA) 4,005 puts, 41 calls 3. Ryland Group (NYSE: RYL) 3,018 puts, 45 calls 4. UBS AG (NYSE: UBS) 8,760...