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U.S. Steel Plunging (X)
Tuesday, July 27, 2010 - 10:49am | 168Shares of U.S. Steel (NYSE: X) are plunging in early morning trading after the company posted a surprise second-quarter loss. The company said its second-quarter loss totaled $25 million, or 17 cents a share. While this is much improved from a year ago when the company lost $392 million, or $2.92 a...
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Stocks to Bounce After Earnings : CNBC (NUE, NVDA)
Tuesday, July 27, 2010 - 10:35am | 83Brent Wilsey, president of Wilsey Asset Management, is of the view that earnings season has had a good start. He told CNBC, “For the last 6 to 8 weeks, things look good. People need to start reading what companies are doing and saying because things are very good.” He also shared his favorite...
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Oh, Now You Want to Buy Stocks
Tuesday, July 27, 2010 - 10:09am | 403Since the early July stock market low the sentiment has completely changed. In late June and early July every business talk show in the media was mentioning a stock market death cross (50 moving average crossing over to the downside the 200 moving average) and a massive head and shoulders top...
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Stock Market News for July 27, 2010 - Market News
Tuesday, July 27, 2010 - 9:49am | 569The stock market rally continues. This time it was FedEx’s turn to fuel hopes that the economic recovery is gaining strength. Then, strong earnings reports and improved new home sales did their bit to take the Dow into positive territory for the year and the S&P 500 above a key technical level...
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Company News for July 27, 2010 - Corporate Summary
Tuesday, July 27, 2010 - 9:49am | 306• US Steel's (NYSE: X) second quarter earnings of 45 cents per share were below Zacks estimates of 63 cents, on revenues of $4.68 billion that beat Zacks estimates of $4.53 billion • Occidental Petroleum (NYSE: OXY) reported second quarter earnings of $1.31, three cents below Zacks projections, on...
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Buy U.S. Steel On Weakness (X)
Tuesday, July 27, 2010 - 8:39am | 164U.S. Steel (NYSE: X) reported earnings this morning before the bell, reporting a loss of 17 cents a share. Estimates called for a gain of $0.63. U.S. Steel reported revenues of $4.68 billion versus estimates of $4.63 billion. These results were much improved over last year, when they reported a...
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United States Steel Reports Improved Second Quarter
Tuesday, July 27, 2010 - 8:07am | 197United States Steel (NYSE: X) reported a second quarter 2010 net loss of $25 million, or $0.17 per diluted share. These results reflect a considerable improvement over the net losses of $157 million, or $1.10 per diluted share, in the first quarter of 2010 and $392 million, or $2.92 per diluted...
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U.S. Steel Misses EPS Estimates, Shares Fall (X)
Tuesday, July 27, 2010 - 7:59am | 48United States Steel Corporation (NYSE: X) reported second quarter earnings of $0.17 loss versus estimates of $0.63. United States Steel Corporation reported second quarter revenue of $4.7 billion versus estimates of $4.63 billion. Shares of U.S. Steel are currently falling in pre-market trading.
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Big Commodity Dividends
Sunday, July 25, 2010 - 4:10pm | 256With interest rates hovering at historical lows and yields on bonds, money markets and CDs at equally as painful levels, income investors are at a quandary; Where to find good distributions, while keeping a level of safety. Investors might find an answer for their portfolios in rising commodity...
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How I'm Playing the Risk Trade
Saturday, July 24, 2010 - 10:32am | 441Three stocks which did very well for my portfolio this past week were: Qualcomm (QCOM), American Express (AXP), and Trina Solar (TSL). I will continue to hold the majority of my long positions (as this entire market moves as a whole these days) until I see the risk trade come off the table....
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HAL9000 Starting to Get his Commodity Play On
Friday, July 23, 2010 - 2:07pm | 494The move in copper is setting the algorithms on fire... this is becoming clear in the charts as the student body is running to the right... get your resource stock exposure on. I like Cleveland Cliffs (CLF) here but it reports next week. Bucyrus (BUCY) just reported last night, I'm torn on this...
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Top Performing Industries For July 23 (EDMC, JRN, SMS, SAB)
Friday, July 23, 2010 - 11:52am | 214At 11:14 am, the Dow gained 0.12% to 10,334.86, while the broader Standard & Poor's 500 index moved down 0.01% to 1,093.52 and the NASDAQ composite index fell 0.19% to 2,241.64. The industries that are driving the market today are: Education & Training Services: This industry jumped 6.81%...
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Dahlman Rose Reduces 2010, 2011 Earnings Estimates On Nucor (NUE)
Friday, July 23, 2010 - 9:19am | 116Dahlman Rose & Co. has lowered its earnings estimates on Nucor (NYSE: NUE) for 2010 and 2011. In the report, Dahlman Rose writes "Based upon our adjusted expectations for steel and steel mill utilization, we are decreasing our EPS and EBITDA estimates. We calculate that Nucor will generate EPS...
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Benzinga’s Top Upgrades (RS, ABB, STI, NOK)
Friday, July 23, 2010 - 6:49am | 152Reliance Steel & Aluminum (NYSE: RS) was upgraded by JP Morgan from "neutral" to "overweight." RS’ shares closed at $39.10 yesterday. Reliance Steel & Aluminum’s quarterly earnings jumped 119.37% y/y. Societe Generale upgraded ABB Ltd (NYSE: ABB) from "sell" to "hold." ABB’s shares closed...
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Finicky Market 07-22-2010
Thursday, July 22, 2010 - 2:45pm | 734Cusick’s Corner Today’s market is for the bulls, yesterday was for the bears, and this market is getting more finicky than a cat. Tech and Transports are the leaders going into this rally, which was sparked in the pre-market after T, QCOM, and UPS all announced blockbuster earnings. With the...