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Top Performing Industries For July 22 (GSB, UPS, WWON, SMS)
Thursday, July 22, 2010 - 1:45pm | 220At 12:23 pm, the Dow gained 2.00% to 10,323.43, the broader Standard & Poor's 500 index moved up 2.16% to 1,092.72 and the NASDAQ composite index rose 2.34% to 2,238.42. The industries that are driving the market today are: Internet Service Providers: This industry jumped 11.65% by 12:23 pm....
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Puts Purchased on Gerdau Ameristeel (GNA)
Thursday, July 22, 2010 - 1:14pm | 128Shares of Gerdau Ameristeel Corp. (NYSE: GNA) are higher on the session by 0.18%, currently trading at $10.97. The stock has been running largely sideways ever since the company received an $11.00 cash offer to go private. Options traders are buying some protection on the name today. The March...
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Top 4 NYSE Stocks In The Metal Fabrication Industry With The Highest Cash (X, MLI, VMI, PCP)
Thursday, July 22, 2010 - 5:45am | 142Below are the top metal fabrication stocks on the NYSE in terms of cash. United States Steel Corporation (NYSE: X) had $1.39 billion in total cash for the latest quarter. X’s total debt for the same period amounted to $3.69 billion. Mueller Industries Inc (NYSE: MLI) had $397.18 million in total...
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Fast Money Picks For July 22nd (CSX, MTL, HGSI, PCP, SBUX)
Wednesday, July 21, 2010 - 7:04pm | 183On CNBC's Fast Money, Brian Kelly said that inventory cycle is coming to an end and you should take a short position in CSX Corporation (NYSE: CSX) tomorrow. CSX Corporation (CSX) fell 1.17% today, and closed at $50.02. Tim Seymour likes Mechel OAO (ADR) (NYSE: MTL), and Guy Adami is keen on Human...
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Week-To-Date ETF Leaders and Laggards: SLX, KRE
Wednesday, July 21, 2010 - 4:57pm | 238According to ETFChannel.com the Steel ETF (SLX) is outperforming other ETFs this week, up about 2.6%. Components of that ETF showing particular strength this week include shares of Schnitzer Steel Industries (SCHN), up about 8.8% and shares of Cliffs Natural Resources (CLF), up about 6.4% on the...
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Leading Commodity Names Surge Again. Is the Move Over Now?
Wednesday, July 21, 2010 - 11:00am | 295Today the leading commodity stocks are surging again. The move higher in these stocks began yesterday after the Chinese Government made a statement that they would begin to loosen credit for the Chinese housing market. Prior to this move the Chinese government had stated that they would try and...
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Risk Trade Coming Back
Wednesday, July 21, 2010 - 7:56am | 227That inverted hammer pattern on copper futures worked like a charm. However we must break through the $3.10 resistance level with two consecutive closes above it. If it does I'm watching material stock names including Cliffs Natural Resources (CLF), Freeport-Mcmoran (FCX) and the the metal and...
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Top 4 Stocks In The Steel And Iron Industry With The Highest Dividend Yield (GNI, SID, NUE, CMC)
Wednesday, July 21, 2010 - 5:54am | 126Below are the top steel and iron stocks on the NYSE and the NASDAQ in terms of dividend yield. Great Northern Iron Ore Properties (NYSE: GNI) has a dividend yield of 11.80%. GNI’s shares closed at $93.62 yesterday. Companhia Siderurgica Nacional (NYSE: SID) has a dividend yield of 7.80%. SID’s...
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My Best Picks Over The Past Month
Tuesday, July 20, 2010 - 3:27pm | 193US Steel (X) has had a nice bounce since I recommended that investors pick up shares in the mid $30’s at the beginning of the month. Shares are up $7 giving investors an 18% gain. Back on June 25th I recommended that investors get long Research In Motion (RIMM) when shares hit the $40’s. Shares...
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My Best Picks Over The Past Month
Tuesday, July 20, 2010 - 3:27pm | 193US Steel (X) has had a nice bounce since I recommended that investors pick up shares in the mid $30’s at the beginning of the month. Shares are up $7 giving investors an 18% gain. Back on June 25th I recommended that investors get long Research In Motion (RIMM) when shares hit the $40’s. Shares...
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Steel Stocks Continue Morning Strength (SLX, X, AKS, MT)
Tuesday, July 20, 2010 - 1:43pm | 61U.S. Steel (NYSE: X), AK Steel (NYSE: AKS) and the Market Vectors Steel ETF (NYSE: SLX) are all continuing their morning strength, all up at least 3%. X is up over 6%, AKS is 5.78% and SLX is up 3.93%.
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U.S Markets Follow China Housing Speculation
Tuesday, July 20, 2010 - 12:29pm | 244The U.S. markets have run up to the flat line and stalled after an ugly gap lower this morning. Commodity stocks are leading the chart with speculation that China will soon end their bearish cap on housing. Any change in their policy will result in commodity demand surging. The Shanghai Index...
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Domestic Steel Names Surging (STLD, X, AKS)
Tuesday, July 20, 2010 - 9:56am | 156Shares of steel companies are bucking the broader trend today and are moving higher. The catalyst for this move appears to be earnings from Steel Dynamics (NASDAQ: STLD) and news out of China on energy demand. Last night Steel Dynamics reported earnings that fell short of Wall Street forecasts....
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Cliffs Natural Resources, XME both running (CLF, XME)
Tuesday, July 20, 2010 - 9:48am | 72Not sure if it's a technical bounce given that I'm not a technician, but take a look at Cliffs Natural Resources (NYSE: CLF) and the Metals & Mining ETF (NYSE: XME). Both are running today. This also echoes my sentiments on keeping an eye on the copper stocks I mentioned earlier (JJC, FCX...
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Tech is Under Seige After Close 07-19-2010
Monday, July 19, 2010 - 6:53pm | 713Cusick's Corner Tech is under siege after the closing bell. This includes the biggies too; IBM and TXN both reported earnings after the close and are down in the extended market trading session. Both stocks gave increased guidance for the remainder of the year but weak longs looked to take...