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U.S. Steel: The Trend Continues Lower (X)
Saturday, May 8, 2010 - 1:42pm | 15U.S. Steel: The Trend Continues Lower (X)
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Bank of the Ozarks: The Trend Continues Up (OZRK)
Saturday, May 8, 2010 - 1:38pm | 15U.S. Steel: The Trend Continues Lower (X)
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The Strongest Stocks In An Ugly Market
Friday, May 7, 2010 - 2:53pm | 288While the markets have been pounded of late, there are always some hidden gems that somehow find a way to have minimal downside in an otherwise ugly bloody mess. BlackRock, Inc. (NYSE: BLK) is as strong as a stock can be today, considering the market. I wrote an article on it yesterday, mentioning...
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Stocks Get Hammered
Thursday, May 6, 2010 - 3:46pm | 221Shares of Bank of America (BAC) are down almost 8% with the banking giant’s shares dropping below $15. Apple (AAPL) is down over 6% in afternoon trading declining to $240. General Electric (GE) is down over 6% and has dropped below $17. Buffalo Wild WIngs (BWLD) is down 5% and has finally hit $37...
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Stocks Get Hammered
Thursday, May 6, 2010 - 3:46pm | 221Shares of Bank of America (BAC) are down almost 8% with the banking giant’s shares dropping below $15. Apple (AAPL) is down over 6% in afternoon trading declining to $240. General Electric (GE) is down over 6% and has dropped below $17. Buffalo Wild WIngs (BWLD) is down 5% and has finally hit $37...
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What Bull Market? (DIA, FCX, AA, X)
Thursday, May 6, 2010 - 12:12pm | 158Despite being in a very robust "Bull Market", many materials stocks have no gains to show for themselves in 2010. I decided to look at some popular names and see how they have performed year-to-date. For comparison, the SPDR Dow Jones Industrial Average ETF (NYSE: DIA) is up 2.32% year-to-date....
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Sell in May and go away?
Thursday, May 6, 2010 - 7:50am | 957Another year is in the books here at the University of Michigan, but European leaders are getting no such rest, as the sovereign debt crisis contagion is spreading from Greece and the periphery into the core (sov debt crises are proving to be more contagious than chicken pox). As we speculated, the...
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Mike Khouw Wants To Sell CLF Puts
Wednesday, May 5, 2010 - 7:35pm | 152Mike Khouw of Cantor Fitzgerald talked on CNBC's Fast Money about an option strategy in Cliffs Natural Resources Inc (NYSE: CLF). He said that the mining companies corrected more than 20%, and it is very tempting to try to buy these stocks. When big declines happen implied volatility starts to grow...
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Materials Stocks Rebound (X, FCX, RTP, CENX)
Wednesday, May 5, 2010 - 5:47pm | 239Stocks in the materials sector have been taking it on the chin day after day, but today some big names managed to stay in the green despite another down day for the Dow and S&P. U.S. Steel (NYSE: X) finished up 72 cents, or 1.36%, to close at $53.83. Today's trading action came on heavier-than-...
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TX Posts Robust Q1 Results On Strong Shipments
Wednesday, May 5, 2010 - 12:50pm | 151Analysts at Goldman Sachs reiterate their "neutral" rating on Ternium SA (NYSE: TX). The target price for TX is set to $43.50. TX has reported healthy Q1 results, above the consensus expectations TX’s Q1 EBITDA was 10% above than analysts’ estimate due to stronger shipments of 1,908 ktons vs GSe...
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Markets Slammed As Writing Was On The Wall From The Metal And Agriculture Stocks
Tuesday, May 4, 2010 - 12:17pm | 316The writing was on the wall and most of my previous articles over the last week told the Street this was the case. In recent days, I talked about the metal stocks like AK Steel Holding Corporation (NYSE: AKS), Southern Copper Corporation (NYSE: SCCO) and United States Steel Corporation (NYSE: X)...
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Cliffs Natural Falling Today (CLF)
Monday, May 3, 2010 - 3:31pm | 126Cliffs Natural (NYSE: CLF) continues to fall, losing 5.53% during today's trading session. The once white-hot stock has now lost over 18% in the last month. Year-to-date, CLF is still in the green, however, notching a 28% gain. The shares are currently trading hands for $58.96. Cliffs (CLF) had hit...
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Stock Market News for May 3, 2010 - Market News
Monday, May 3, 2010 - 2:07pm | 445U.S. stocks closed sharply lower on the last trading day of the month after investors decided to pull money out of the market, worried by reports of a criminal investigation against Goldman Sachs. At least two firms, prompted by reports of the criminal probe, cut their ratings on the investment...
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Australian "Super Tax" Slams Materials (FCX, X, AA, RTP)
Monday, May 3, 2010 - 11:36am | 154Stocks in the metals and mining sector are getting slammed today after Australia announced it was planning to impose a "super-tax" on resource companies' profits. The 40 percent tax would begin in 2012 and raise $11 billion in its first two years. Citigroup mining analyst Craig Sainsbury said the...
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U.S. Steel Selloff Continues (X)
Monday, May 3, 2010 - 10:16am | 125Shares of U.S. Steel (NYSE: X) are showing weakness once again this morning as they slip to a fresh one-month low. Shares are down $1.90, or 3.48%, to $52.76. U.S. Steel posted better-than-expected first quarter results last week and said they expect to return to profitability in the current...