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Top Performing Industries For August 2 (WLT, MTL, FTK, DAL)
Monday, August 2, 2010 - 2:57pm | 214At 2:10 pm, the Dow gained 1.80% to 10,654.32, the broader Standard & Poor's 500 index moved up 1.97% to 1,123.33 and the NASDAQ composite index rose 1.65% to 2,292.01. The industries that are driving the market today are: Industrial Metals & Minerals: This industry jumped 4.35% by 2:10 pm...
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Dahlman Rose: Companies Expect Seasonal Slowness, Don’t Anticipate Economic Recovery To Stall
Monday, August 2, 2010 - 2:32pm | 279Dahlman Rose says, “ArcelorMittal (NYSE: MT), AK Steel (NYSE: AKS), Century Aluminum (NASDAQ: CENX), General Moly (NYSE: GMO), Norsk Hydro (NYSE: NHY), and Vale (NYSE: VALE) reported 2Q10 results last week. Results were mixed, with 2Q10 earnings for MT, NHY, and AKS ahead of our estimates, and...
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Materials Stocks On Fire (CLF, FCX, AA, X)
Monday, August 2, 2010 - 11:43am | 174Materials stocks are surging today as traders place their bets that the global economic recovery will continue after stronger-than-expected manufacturing reports out of China and the U.S. Materials are closely tied to economic growth and are highly cyclical. If growth is strong such names will...
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Inflation Rally Thrives Another Day
Monday, August 2, 2010 - 10:08am | 420This morning the major stock market indexes are all trading sharply higher before the open. The catalyst for this early rally by the media is the as positive news out of China. While the China news might be what the media points to as the catalyst for a rally it is the weakening U.S. Dollar Index...
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Top Russian Stocks
Saturday, July 31, 2010 - 1:53am | 602Russia has a strong growing economy and as a BRIC country, is one of the four horsemen for worldwide investment opportunities, along with the 'B' in BRIC, Brazil, the 'I' in BRIC, India, and the 'C' in BRIC, China. Some interesting facts about Russia: 1. Russia is the largest country in the world...
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Where Do We Go From Here?
Friday, July 30, 2010 - 10:08am | 287Commerce Department. The second quarter Gross Domestic Product reported was 2.4%. This is sharply lower from the revised first quarter number of 3.7%. Economists had expected the second quarter number to be 2.5%. Therefore, today's number was not a big surprise. What does this all mean for the...
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ArcelorMittal’s Capacity Utilization Expected To Decline
Thursday, July 29, 2010 - 1:29pm | 164Analysts at Dahlman Rose & Co maintain their “hold” rating on ArcelorMittal (NYSE: MT), while reducing their estimates for the company. ArcelorMittal has reported its 2Q10 EBITDA higher than the estimates and in line with the consensus and the guidance. “Overall capacity utilization for the...
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Top Brazil Stocks
Thursday, July 29, 2010 - 2:07am | 660Of the four BRIC countries, Brazil seems to be the country that is in the strongest shape and has the greatest potential, over Russia, India, and China. Here are some facts about Brazil: 1. Brazil is the fifth largest country in the world by both population and area 2. It has the ninth highest...
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Tech Looking Potentially Overbought 07-28-2010
Wednesday, July 28, 2010 - 7:04pm | 846Cusick’s Corner The day came off its worst levels, with some short covering into the close. While today’s action was not that enlightening, the economic data, specifically durable goods, did reveal that the investing and trading public at large is still on the sidelines concerning the potential for...
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Cliffs Natural Resources Misses Estimates, Stock Falling (CLF)
Wednesday, July 28, 2010 - 5:29pm | 67Cliffs Natural Resources (NYSE: CLF) reported Q2 earnings per share of $1.92 compared to $0.36 per share in the year ago period after the closing bell on Wednesday. This came in below analysts' expectations of $2.06. Revenues were up 203% year over year to $1.18 billion. This was below Wall Street...
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Dahlman Rose & Co. Is Concerned About AK Steel's (AKS) Future Results
Wednesday, July 28, 2010 - 5:21pm | 226Dahlman Rose & Co. analysts are worried that rising iron ore and met coal prices could hurt AK Steel Holding Corporation's (NYSE: AKS) future results. AK Steel (AKS) reported earnings on Tuesday, and its EPS was better than Dahlman Rose & Co. expected. The reason for that were increased...
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Treasury Auction Results Adding Negative Tone 07-28-2010
Wednesday, July 28, 2010 - 3:10pm | 829Cusick’s Corner The markets pulled back from their overnight highs, only to hold key support in the morning and waffle around breakeven into the Midday. This action, once again, comes under low volume. Hitting the headlines now -- current treasury auction results were better than expected in the 5...
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U.S. Steel Expected To Return To Profitability
Wednesday, July 28, 2010 - 10:16am | 97U.S. Steel Corp. (NYSE: X) reported a softer 2Q due to maintenance expenses and higher than expected costs of its flat-rolled steel business, according to Dahlman Rose and U.S. Steel Corp. management. EPS is at $0.45 vs. Dahlman's estimate of $0.55, and Dahlman has lowered the price target to $61...
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Company News for July 28, 2010 - Corporate Summary
Wednesday, July 28, 2010 - 10:01am | 277• Boeing (NYSE: BA) reported second quarter earnings of $1.06, 6 cents above Zacks estimates, on revenues of $15.57 billion, down 9.2% from last year and below estimates of $16.10 billion • Coca-Cola Enterprises (NYSE: CCE) reported second quarter earnings of 79 cents, beating estimates by 10 cents...
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Bookkeeping: Short Energizer (ENR)
Tuesday, July 27, 2010 - 3:24pm | 655Overall market view - this was a much needed pullback. Commodities are being bum rushed as student body left turns into student body right. U.S. Steel (X) - which is U.S. and European based - NOT Asia is showing the danger of the earnings reports in the coming 2 weeks; companies much more focused...