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Bearish and Neutral Plays on Green Mountain (GMCR) After Cramer’s Harsh Words
Monday, May 3, 2010 - 10:12am | 1742After rocketing nearly 185% in less than a year, shares of Green Mountain Coffee Roasters (NASDAQ: GMCR) ran into a proverbial wall near the 100 level. This technical predicament coincided with the company’s earnings last week. Revenue and earnings per share were in line with estimates but the...
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Mad Money Lightning Round: Jim Favors SD, IP, BBY and CAKE
Monday, May 3, 2010 - 6:54am | 317In his "Mad Money Lightning Round," Jim Cramer said that SandRidge Energy (NYSE: SD) was an oil-and-gas stock that can be bought for a long-term investment. SD was up 0.13% in the after-hours session. The latest quarter was very good for International Paper (NYSE: IP), Jim said. As the stock has...
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Materials And Industrials Crushed (JOYG, CAT, CMI, X, CENX, FCX)
Friday, April 30, 2010 - 4:16pm | 192Economically sensitive sectors like materials and industrials were absolutely crushed today as the broader markets sold off. The Dow Jones Industrial Average (DJI) lost 158 points, or 1.42%, to close at 11,008. The S&P 500 (SPX) lost 20 points, or 1.66%, to close at 1,186. Here are how some...
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AK Steel May Suffer Due To Possible Increase Iron Ore Costs
Thursday, April 29, 2010 - 3:25pm | 218Analysts at JP Morgan downgrade AK Steel (NYSE: AKS) to "neutral," while reducing their estimates for the company. The target price for AKS has been reduced from $27 to $21. According to JP Morgan, “As iron ore prices continue to increase, we think global pellet prices could be up 115% for the Apr-...
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Metal Stocks Remain Extremely Weak As Market Moves Higher
Thursday, April 29, 2010 - 2:00pm | 175Something I have noted recently is how the metal stocks have remained so weak in recent weeks even when the markets have ripped higher. It is truly something strange to behold. Today, it is no different. United States Steel Corporation (NYSE: X) is lower by almost 2.50% and AK Steel Holding...
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AKS Cut By JP Morgan
Thursday, April 29, 2010 - 9:38am | 39Analysts at JP Morgan downgrade AK Steel (NYSE: AKS) from “overweight” to “neutral.” Shares of AKS closed at $17.41 yesterday More Analyst Ratings here.
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ArcelorMittal (MT) Posts Profits As The Global Economy Recovers
Thursday, April 29, 2010 - 9:29am | 108ArcelorMittal (ADR) (NYSE: MT) posted a profit of $679 million, or 35 cents per share, in the first quarter, compared with a loss of $1.06 billion, or $0.78 per share reported for the same period last year. The company beat the analysts’ estimates in profits but came low on EBITDA. Analysts had...
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Mad Money Lightning Round: Jim Dislikes DUF, Recommends LTD
Thursday, April 29, 2010 - 6:07am | 255In his "Mad Money Lightning Round," Jim Cramer said that he did not like Duff & Phelps (NYSE: DUF) and would not want to invest in it until the company reports another quarter. DUF’s shares lost 0.06% yesterday. Jim thinks Limited Brands (NYSE: LTD) has turned around. Although the company may...
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Cliffs Natural Resources Delivers An Earnings Beat (CLF)
Wednesday, April 28, 2010 - 5:49pm | 174Cliffs Natural Resources (NYSE: CLF) released their quarterly earnings report after the closing bell this afternoon. The Cleveland, Ohio based company reported net income of $93.5 million or $0.69 per share, compared to a net loss of $7.4 million or $0.07 per share in last year's corresponding...
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US Steel (X) Reports Loss
Tuesday, April 27, 2010 - 12:37pm | 94U.S. Steel Corp. (NYSE: X) has reported a loss in its first quarter. It is the fifth consecutive quarterly loss reported by the company. However, the loss was lower-than-expected. Analysts anticipated a loss of $1.35 per share whereas the company reported $1.10 per share, or $157 million. The...
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A.M. Castle (CAS) Shares Fall 3% After Loss
Tuesday, April 27, 2010 - 9:51am | 102A.M. Castle & Co. (NYSE: CAS) on Tuesday morning released financial results that missed Wall Street expectations. A.M. Castle & Co. reported a wider than expected 1st quarter net loss of $4.6 million, or 20 cents per share, compared to a net income of $0.5 million, or 2 cents per share, a...
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Stock Market News for April 27, 2010 - Market News
Tuesday, April 27, 2010 - 9:30am | 471U.S. stocks started a busy earnings week on a dull note as worries about financial reform and Greece’s lingering debt concerns hit the broader market. Caterpillar’s (NYSE:CAT) strong earnings report and a flurry of corporate deals gave an initial lift to stocks but financial concerns sent the...
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U.S. Steel Loss Beats Estimates (X)
Tuesday, April 27, 2010 - 8:51am | 122U.S. Steel (NYSE: X) posted another quarterly loss on Tuesday, but it was smaller than Wall Street estimates and shares rose in pre-market trading. U.S. Steel said its first quarter loss was $157 million, or $1.10 per share, compared with a year-ago loss of $439 million, or $3.78 per share....
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3 Stocks For Long Term Investors
Tuesday, April 27, 2010 - 1:33am | 3881. AK Steel (AKS) has dropped quite a bit over the last few weeks. The steelmaker has shed almost 25% of its value since April 6th. Shares have dropped due to increasing iron ore prices and a sketchy forecast for the next two quarters. It may take a few quarters for shares to rebound but the...
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Metal Stocks Having A Rare Bounce Day
Monday, April 26, 2010 - 12:03pm | 211After being crushed in recent weeks, metal stocks like Southern Copper Corporation (NYSE: SCCO), United States Steel Corporation (NYSE: X) and AK Steel Holding Corporation (NYSE: AKS) are jumping. The fact that these stocks are getting a bounce is not surprising at all. They have all seen massive...