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3 Sectors That Would Benefit From Another Stimulus Bill
Wednesday, September 8, 2010 - 12:51pm | 800Congress is currently discussing another stimulus package. This one would not be like the first package which was loaded with tax cuts and spending on healthcare, information technology, and education. This package would go directly to improving our bridges, highways, dams, and tunnels. If...
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3 Sectors That Would Benefit From Another Stimulus Bill
Wednesday, September 8, 2010 - 12:51pm | 721Congress is currently discussing another stimulus package. This one would not be like the first package which was loaded with tax cuts and spending on healthcare, information technology, and education. This package would go directly to improving our bridges, highways, dams, and tunnels. If...
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Steel Stocks Continue To Run
Wednesday, September 8, 2010 - 11:56am | 172Ever since China announced their PMI data a week ago, steel stocks have been roaring higher. China PMI, reported last Tuesday night, showed growth in China and was better than the markets had feared. Growth in China means commodity demand. In addition, with the U.S. reporting ISM and Non Farm...
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U.S. Steel Continues Higher (X)
Wednesday, September 8, 2010 - 10:10am | 100Shares of U.S. Steel (NYSE: X) are higher again today, gaining more than 1% on the trading session. Yesterday there were rumors that U.S. Steel was a potential acquisition target, but the acquirer was never named. China also announced it was shutting its steel plants for 2 weeks to curb the glut of...
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The Only Chart That Matters
Wednesday, September 8, 2010 - 10:02am | 398Sometimes my own colleagues get tired of my rant about the U.S. Dollar Index, however, the dollar chart seems to be the most important chart in the market for quite some time now. Nearly every morning I write about the U.S. Dollar Index which measures the performance of the U.S. Dollar against the...
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Game Plan 9/8/2010
Wednesday, September 8, 2010 - 8:33am | 613Just a quick post before the open today. Commodity stocks were in play yesterday and look to be continuing with their strength on the open today. I am specifically looking at US Steel (X), Freeport-McMoran (FCX) and Mosaic(MOS) today on the open. All three are up in the pre-market and...
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ArcelorMittal and BHP Billiton Terminate Discussions to Combine Assets in Liberia and Guinea
Wednesday, September 8, 2010 - 7:06am | 106ArcelorMittal (NYSE: MT) and BHP Billiton (NYSE: BHP) today jointly announced that they have ended preliminary discussions to combine the two companies’ iron ore mining and infrastructure interests in Liberia and Guinea into a single joint venture. The companies were unable to reach a commercial...
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Neutral on Nucor Corp. - Analyst Blog
Tuesday, September 7, 2010 - 5:36pm | 469We reiterate our Neutral recommendation on Nucor Corporation (NUE). Nucor Corporation, the nation’s largest recycler of steel scrap, is facing higher costs in scrap and scrap substitute prices, which is the most significant elements in the total cost of steel production. Lower production rates at...
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Guess What Is On The Move?
Tuesday, September 7, 2010 - 9:34am | 294This morning the major stock market indexes are all under pressure ahead of the opening bell. Problems have once again emerged out of Europe and many investors are really wondering if these countries are really out of the woods. As you all know by now when the European Union faces headwinds the U.S...
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Merger Arbitrage Mondays – September 06, 2010
Monday, September 6, 2010 - 1:33am | 4844Merger activity increased last week with five new deals announced and three deals closing. Deal Statistics: Total Number of Deals Closed in 2010 64 Total Number of Deals That Did Not Complete in 2010 4 Total Number of Pending Deals Cash Deals 45 Stock Deals 9 Stock & Cash Deals 13...
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New Contract Lifts Air Products - Analyst Blog
Friday, September 3, 2010 - 5:33pm | 611Shares of Air Products and Chemicals Inc. (APD) advanced 3.26% or $2.44 and closed at $77.19 on September 2, 2010 after the announcement that the company has won a 15-year contract. Under the contract, Air Products will supply an onsite air separation unit to Voronezhsintezkauchuk, an affiliate of...
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Allegheny Technologies Declares Quarterly Dividend of $.18
Thursday, September 2, 2010 - 11:49am | 48Allegheny Technologies Incorporated (NYSE: ATI) announced today that its Board of Directors declared a quarterly cash dividend of $0.18 per share of common stock. The dividend is payable on September 27, 2010, to stockholders of record at the close of business on September 16, 2010.
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Zacks Industry Outlook Highlights: ArcelorMittal, Ford Motor, Toyota Motor and Honda Motor - Press Releases
Wednesday, September 1, 2010 - 2:06pm | 1226For Immediate Release Chicago, IL – September 1, 2010 – Today, Zacks Equity Research discusses the Metals & Mining, including ArcelorMittal (MT), Ford Motor Company (F), Toyota Motor Corporation (TM) and Honda Motor Company (HMC) A synopsis of today’s Industry Outlook is presented below. The...
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Stocks on the Move (HAL),(AKS),(MET),(RDWR),(EXPE)
Wednesday, September 1, 2010 - 9:41am | 51Stocks on the Move (HAL),(AKS),(MET),(RDWR),(EXPE). All stocks above 15 day SMA today moving..
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Gerdau Closes Ameristeel Transaction - Analyst Blog
Wednesday, September 1, 2010 - 5:15am | 431Brazilian steel producer Gerdau S.A. (GGB) announced the completion of its full stake acquisition in Gerdau Ameristeel Corporation on August 30. Prior to this, Gerdau S.A. held roughly 66.3% stake in Ameristeel Corporation. As per the terms of the transaction, Gerdau S.A. acquired the remaining...