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Market is Challenging the Downtrend 06-02-2010
Wednesday, June 2, 2010 - 3:34pm | 771Cusick’s Corner The market is challenging the downtrend, but it has been on light volume. Watch the resistance level of 1087 on the ESM10 – can be broken and challenge a downtrend line that has not been broken in the last 5 trading sessions. If there can be a late day breakout through this...
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U.S. Steel Restarts Serbian Unit (X)
Wednesday, June 2, 2010 - 2:16pm | 133The Serbian unit of U.S. Steel (NYSE: X) has restarted its second blast furnace that was idled last November for repairs. In March 2009, at the height of the global economic downturn, the unit at Smederevo, 60 km south of Belgrade, shut down both furnaces and the steel mill. It maintained...
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Top Narrow Based Indexes For June 2 (LCC, URRE, GNA)
Wednesday, June 2, 2010 - 2:15pm | 240After yesterday’s sharp fall in the last trading hour, US markets have opened on a positive note. Till 12:09 pm, the Dow Jones Industrial Average gained 119.79, or 1.20%, to 10,143.81, S&P 500 index moved up 15.55, or 1.45% and the NASDAQ added 32.50, or 1.46%. Some of the few narrow based...
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Calls Sold on Commercial Metals (CMC)
Wednesday, June 2, 2010 - 12:56pm | 120Shares of Commercial Metals Co. (NYSE: CMC) are higher on the session by 7.13%, currently trading $15.92. The stock has been drifting lower over the past three months, but has managed to breech the 50-day and 200-day moving averages to the topside in today’s trading. Calls are largely being sold...
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News Summary
Wednesday, June 2, 2010 - 11:30am | 343The May Challenger job-cut report was released today. According to the report, planned layoffs at the US companies stood at 38,810 in May. The May figure is slightly up from 38,326 in the month of April, when they touched a four-year low. "Announced job cuts have, for all intents and purposes,...
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Mad Money Lightning Round: Jim Believes DNDN Is A Winner, Backs F
Wednesday, June 2, 2010 - 7:20am | 290In his "Mad Money Lightning Round" on Tuesday, Jim said that he would still back Ford (NYSE: F) as the company is doing everything right. He disclosed that he preferred to remain long on Ford. Yesterday F slipped 2.73% to close at $11.41, but rose 0.79% to $11.50 in after hours. Cramer called...
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Newfield Exploration Has Multiple Positive Catalysts Ahead
Tuesday, June 1, 2010 - 10:42am | 344Analysts at Goldman Sachs upgrade Newfield Exploration (NYSE: NFX) from "buy" to "conviction buy." The target price for NFX is set to $72. Goldman believes that there are five catalysts, largely “associated with oil/liquids resource,” that can drive further outperformance in NFX for the next six...
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Fast Money Picks For May 28th (MT, F, PM, RSX)
Thursday, May 27, 2010 - 8:34pm | 141On CNBC's Fast Money, Joe Terranova recommended investors to buy tomorrow Market Vector Russia ETF Trust (NYSE: RSX). Market Vector Russia ETF Trust (RSX) gained 9.22% today. Guy Adami wants to buy Ford Motor Company (NYSE: F), and Karen Finerman recommended, once again, Philip Morris International...
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Top Performing Industries For May 27 (SBSA, NTAP, NANX, SCHN)
Thursday, May 27, 2010 - 1:45pm | 242By 11:59 am, the Dow had added 216.97 points, or 2.18%, to 10,191.42 and the broader Standard & Poor's 500 index had risen 26.38 points, or 2.47%. The Nasdaq composite index gained 58.51 points, or 2.66%. The industries that are driving the market keep today are: Broadcasting-Radio: The top...
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AK Steel Holding Corp.(AKS) May Test Resistance Level Of $15.32
Tuesday, May 25, 2010 - 1:26pm | 140AK Steel Holding Corp. (NYSE: AKS) ignored the selling pressure in the metal stocks on the NYSE, as it managed to gain 6.07% by early afternoon trading on Tuesday. Traders evinced buying interest in AK Steel Corp. (AKS) after the stock was upgraded by Bank of America (NYSE: BAC) in its report from...
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Stock Market Movers, Money Makers
Tuesday, May 25, 2010 - 12:26pm | 436Global drama continues to hurt the markets. Last night the futures were getting crushed as Asia and Europe sold sharply as continued worries about Spain and Portugal killed the Euro. In addition, North Korea and South Korea seem to be one bullet away from a major confrontation. The Dollar soared...
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Some Big Losers Over Last Four Weeks (DJI, JOYG, BUCY, X, AA, FCX)
Tuesday, May 25, 2010 - 10:35am | 142The Dow Jones Industrial Average (DJI) is down 199 points, or 1.98%, to 9,867 in early trading today. Over the last four weeks the blue chip index is down nearly 12 percent. Here are how some key industrial and materials names have fared over the last four weeks: Joy Global (NASDAQ: JOYG) is down...
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Top 5 Small-Cap NYSE Stocks In The Financial Sector With The Highest Revenue Estimates For This Quarter (IRE, MSB, FNM, CNO)
Tuesday, May 25, 2010 - 6:37am | 164Below are the top 5 small-cap financial stocks on the NYSE in terms of revenue expectations. The Governor and Company of The Bank of Ireland (NYSE: IRE) is expected to generate $6.94 billion of revenue in the latest quarter. IRE has lost 40.56% over the past 52 weeks, while the S&P 500 has...
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Top 4 NYSE Stocks In The Steel & Iron Industry With The Lowest PEG Ratio (CLF, SID, MTL, VALE)
Monday, May 24, 2010 - 6:28am | 131Below are the top 4 steel & iron stocks on the NYSE in terms of PEG ratio. Cliffs Natural Resources Inc (NYSE: CLF) has a PEG ratio of 0.46. CLF’s quarterly revenue growth stood at 56.60% year-over-year. Companhia Siderurgica Nacional (NYSE: SID) has a PEG ratio of 0.64. SID’s trailing-twelve-...
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Calls Sold in Companhia Siderurgia (SID)
Friday, May 21, 2010 - 12:24pm | 119Shares of Companhia Siderurgica Naciona (NYSE: SID) are higher on the session by 5.53%, currently trading $14.12. The stock has been cascading lower over the past few weeks and is now trading below both the 50-day and 200-day moving averages. Options traders in the name are selling calls, betting...