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Benzinga's Top Pre-Market Gainers
Tuesday, July 26, 2011 - 7:33am | 105Broadcom Corporation (NASDAQ: BRCM) rose 8.85% to $38.00 in the pre-market session. BRCM issued upbeat Q3 revenue forecast. Lexmark International Inc (NYSE: LXK) added 6.45% to $30.70 in the pre-market session. LXK reported its Q2 non-GAAP EPS of $1.36. Ford Motor Co (NYSE: F) moved up 3.80% to $...
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Earnings Preview: Precision Castparts EPS, Revenue Expected to Rise from Previous Quarter
Monday, July 25, 2011 - 1:49pm | 567Precision Castparts (NYSE: PCP) unveils its next round of earnings this Thursday, July 28, 2011. Here's Benzinga's essential guide to Precision Castparts' first quarter earnings report. Earnings and Revenue: Ahead of the company's earnings announcement, analysts are expecting a positive EPS...
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Ternium to Receive Dividend from Siderar
Monday, July 25, 2011 - 9:25am | 35Ternium S.A. (NYSE: TX) today updated the market on the status of the previously announced dividend by its Argentine majority-owned subsidiary Siderar S.A.I.C.
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Earnings Expectations for the Week of July 25
Sunday, July 24, 2011 - 9:40am | 1439The earnings crunch continues this week even as the month of July winds to a close. Quarterly reports of note scheduled for the week include those from Netflix (NASDAQ: NFLX), United Parcel Service (NYSE: UPS), Exxon Mobil (NYSE: XOM), Starbucks (NASDAQ: SBUX), Merck (NYSE: MRK) and Dow Chemical (...
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Cliffs Natural Resources Earnings Preview: Analyts Expect Higher Earnings, Revenue from Prior Quarter
Friday, July 22, 2011 - 1:11pm | 479Cliffs Natural Resources (NYSE: CLF) announces its next round of earnings this Wednesday, July 27, 2011. Here's Benzinga's advanced look at Cliffs Natural Resources' second quarter earnings report. Earnings and Revenue: Based on estimates, investors are readying for a positive EPS reading of $3....
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Waiting To Exhale
Friday, July 22, 2011 - 10:35am | 274Once again, as soon as the U.S. Dollar Index futures begin to trade higher the major stock indexes deflate and retreat quickly. This inverse relationship between the U.S. Dollar Index and the major stock indexes has been going over for about 10 years now. From time to time, the inverse correlation...
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JP Morgan Lowers PT On NUE To $58
Friday, July 22, 2011 - 8:03am | 75JP Morgan has issued a report lowering the Price Target on Nucor Corp. (NYSE: NUE) from $59 to $58 a share. According to the report, "Despite another sizeable quarterly beat we are lowering 2011 EPS estimates to reflect greater-than-expected 3Q11 margin pressure, primarily in sheet products, as...
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Jefferies Maintains Buy on Nucor
Friday, July 22, 2011 - 7:18am | 106Jefferies is out with its report today on Nucor (NYSE: NUE), maintaining Buy. In a note to clients, Jefferies writes, "Following our review of NUE's 2Q11 results, we maintain our BUY rating and see valuations as attractive company's cycle earnings prospects. We continue to expect steel market...
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JP Morgan Lowers PT on Nucor To $58
Friday, July 22, 2011 - 6:30am | 27JP Morgan has lowered the price target on Nucor Corporation (NYSE: NUE) from $59 to $58 and maintains its Overweight rating.
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Calls Purchased on Companhia Siderurgica Nacional
Thursday, July 21, 2011 - 2:13pm | 132Shares of Companhia Siderurgica Nacional (NYSE: SID) are higher on the session by 2.06%, currently trading at $11.38. The stock has been moving largely lower over the past five months and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. A...
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This Coal Stock May Get Acquired, Should You Buy It?
Thursday, July 21, 2011 - 10:29am | 732Takeovers are like Christmas morning for Wall Street. Everyone gets excited and wonders what's next. We could see some consolidation in the coal space, and investors would probably rather have coal in their stockings than a new Transformer or Nerf gun, especially if Walter Energy Inc. (NYSE: WLT...
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Just Follow The Money
Thursday, July 21, 2011 - 9:59am | 256This morning before the opening bell, the U.S. Dollar Index futures (DX U1) plummeted lower after trading as high as $75.37 per contract. The U.S Dollar Index futures are trading at $74.61 per contract as the opening bell rings at 9:30 am EST. The catalyst for the decline in the U.S. Dollar Index...
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ArcelorMittal and CSC Sign Infrastructure Managed Services Agreement in Europe
Thursday, July 21, 2011 - 8:09am | 118CSC (NYSE: CSC) announced today that it has signed a contract with ArcelorMittal (NYSE: MT) to provide information technology infrastructure managed services. The agreement provides the framework for common and country-specific agreements by the local entities of each party, and will become...
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Mad Money Lightning Round: Cramer Likes Commercial Metals
Thursday, July 21, 2011 - 2:49am | 242On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Rackspace Hosting (NYSE: RAX) “has had a big run. Take your profits there and go buy some Apple (NASDAQ: AAPL)." Cramer said that he “isn't interested in Corrections Corp of America (NYSE: CXW).” For Silvercorp Metals (NYSE:...
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Dahlman Rose Reiterates Buy and PT of $26 on Steel Dynamics
Wednesday, July 20, 2011 - 7:55am | 48Dahlman Rose reiterated its Buy rating on Steel Dynamics (NASDAQ: STLD). At the same time, the rating agency left its price target on the company's stock unchanged at $26. On Tuesday, STLD added 4.6% to its value to finish the day at $16.14.