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CSN's Profit Soars, Equals Estimate - Analyst Blog
Wednesday, August 11, 2010 - 4:06pm | 660Companhia Siderurgica Nacional (SID) or CSN’s financial results for the second quarter 2010 were encouraging as its net income surged 167% year over year and 85% sequentially to R$894 million (US$496.7 million), or R$0.59 per share (US$0.33 per ADR). Earnings per ADR were in line with the Zacks...
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Fed Day Hangover: Dow Loses 200 Points
Wednesday, August 11, 2010 - 12:12pm | 169A cloud of economic gloom hovered over Wall Street on Wednesday as the Dow sank about 200 points in response to new signs of trouble in Asia and the Fed's newly-downgraded economic forecast. Today’s Markets As of 11:40 a.m. ET, the Dow Jones Industrial Average fell 221.82 points, or 2.08%, to...
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POSCO and Krakatau Join Forces - Analyst Blog
Wednesday, August 11, 2010 - 9:17am | 648Korean steel maker POSCO (PKX) enters the Indonesian steel industry in a joint venture with Krakatau Steel by initiating the construction of the first integrated steel mill in Indonesia. Krakatau Steel is a state-owned steel producer having 60% market share of steel plate market. The integrated...
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Zacks' Voice of the People highlights opportunities with Southern Copper, AK Steel Holdings and Cliffs Natural Resources - Press Releases
Wednesday, August 11, 2010 - 8:22am | 916For Immediate Release Chicago, IL – August 11, 2010 – Zacks highlights commentary from People and Picks Trader “inthemoneystocks”. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post When the Dollar Rallies, Traders Listen This morning the major stock market indexes are...
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TheStreet Ratings 10 Cheapest Large-Cap Stocks
Wednesday, August 11, 2010 - 7:16am | 447BOSTON (TheStreet) -- Investors wary of a soft patch in the economy have piled into government debt, whose yields are slim. The following 10 stocks, the cheapest on the S&P 500, sell for less than seven times earnings, reflecting a deep discount. They're ordered by forward earnings multiple,...
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When the Dollar Rallies, Traders Listen - Voice of the People
Wednesday, August 11, 2010 - 7:05am | 669Zacks' Voice of the People Highlights user inthemoneystocks: "When the Dollar Rallies, Traders Listen" from the People & Picks community. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post When the Dollar Rallies, Traders Listen This morning the major stock market...
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Fast Money Picks For August 11th (SLV, MTL, BAX, PM, AKAM)
Tuesday, August 10, 2010 - 7:03pm | 223On CNBC's Fast Money, Brian Kelly said that Fed sacrificed the dollar, and that makes him bullish on iShares Silver Trust (ETF) (NYSE: SLV). iShares Silver Trust (ETF) (SLV) gained 0.11% today, and closed at $17.98. Tim Seymour thinks that steel prices are going higher, and wants to buy Mechel OAO...
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Materials Stocks Pounded On Weak Chinese Import Data (AA, CLF, FCX, X)
Tuesday, August 10, 2010 - 1:31pm | 135Materials stocks are broadly lower today after a report showed China's imports grew weaker than expected. Annual import growth slowed to 22.7 percent from 34.1 percent in June, the General Administration of Customs said on Tuesday. Weaker import growth is a sign that Chinese investment is slowing....
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When the Dollar Rallies Higher Traders Listen
Tuesday, August 10, 2010 - 10:31am | 395This morning the major stock market indexes are all under pressure. There are a couple of obvious reasons for this action in the stock market today. The first reason for this decline today is the weakness in the Shanghai Index (Chinese stock market) last night. The Shanghai Index dropped by nearly...
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Cramer: Six Stocks With Highest Comeback Potential
Monday, August 9, 2010 - 4:00pm | 468In an article on CNBC, the host of Mad Money pulled out many stocks from the worst-performing sectors of the S&P 500. He believes that these stocks offer a tremendous amount of potential to make a back. While one of them has lost more than half of its value, the losses suffered by others have...
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Materials Stocks Posting Early Gains (CLF, X, AA)
Monday, August 9, 2010 - 10:18am | 145The materials sector is performing well this morning and select names are posting solid gains. Cliffs Natural Resources (NYSE: CLF), which produces iron ore and metallurgical coal, is higher by $1.80, or 3.00%, to $61.83. U.S. Steel (NYSE: X) is higher by 52 cents, or 1.075, to $48.97. Alcoa (NYSE...
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Bookkeeping: Weekly Changes to Fund Positions Year 4, Week 1
Monday, August 9, 2010 - 8:29am | 2565Year 4, Week 1 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 62.5% (v 79.6% last week) 24 long bias: 32.4% (v 17.8% last week) 3 short bias: 5.1% (v 2.6% last week) 27 positions (vs 17 last week)...
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Stocks Slump But Recover Some Losses 08-06-2010
Friday, August 6, 2010 - 7:22pm | 859Cusick’s Corner The S&P 500 found support above 1100 after this morning’s disappointing jobs report, recovering much of today’s losses due to short covering. This market drop shifted some of today’s trade into Gold and Treasurys -- Gold (GCU10) rose above the psychological $1,200 level and the...
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Gerdau Q2 Profit Soars - Analyst Blog
Friday, August 6, 2010 - 5:05pm | 760Brazilian steel producer, Gerdau S.A.’s (GGB) second-quarter 2010 earnings surged to R$856.0 million (US$475.6 million) from R$467.0 million (US$223.4 million) in the second quarter of 2009. Earnings per share came in at R$0.52 (US$0.29 per ADR) versus R$0.27 (US$0.13 per ADR) in the comparable...
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Can The S&P Reclaim Its 200-DAY MA? (SPX, FCX, X)
Friday, August 6, 2010 - 3:07pm | 132After trading below its 200-day MA for most of the day, the S&P 500 (SPX) has rallied and now trades at 1,117, two points above its 200-day MA of 1,115. Will the S&P be able to hold this key level? Many traders believe you should "buy the dip" as long as the market holds its 200-day MA and...