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Stock Market News for April 26, 2010 - Market News
Monday, April 26, 2010 - 9:30am | 439A strong report on new home sales and better-than-expected earnings from American Express sent stocks higher Friday and helped the Dow average register its 11th gain in the last 12 trading sessions. On Friday, the Dow average rose 70 points, or about 0.6%, for its eighth straight weekly advance....
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U.S. Steel As A Recovery Play (X)
Saturday, April 24, 2010 - 8:08pm | 336If you are bullish on the global economic recovery, U.S. Steel (NYSE: X) may be the play for you. U.S. steel is highly leveraged to the economy; as demand picks up for cars, appliances, buildings, and heavy equipment, steel demand will increase. The recent rally in the equity markets suggests that...
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3 Stocks Investors Can Buy Now
Saturday, April 24, 2010 - 2:03am | 153On the Fast Money Halftime Report, analysts threw out three names that investors should consider getting behind. Brian Kelly suggested that investors pick up shares of investment research firm Morningstar (MORN). Morningstar is a play on rising investor confidence. Kelly said that, "If the market...
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Top 5 Large-Cap Stocks In The Basic Materials Sector With The Highest Return On Equity (SID, DO, FCX, NE, PX)
Friday, April 23, 2010 - 7:14am | 150Below are the top 5 large-cap basic materials stocks in terms of their return on equity. Companhia Siderurgica Nacional (NYSE: SID) has a ROE of 42.69%. SID has a PEG ratio of 0.94. Diamond Offshore Drilling, Inc (NYSE: DO) has a ROE of 39.37%. DO’s trailing-twelve-month operating margins grew by...
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Top Stocks of Pennsylvania
Thursday, April 22, 2010 - 2:04pm | 871Pennsylvania is a state that offers affordable living costs and top schools. It provides affordable health care and medical assistance. No wonder so many large corporations are headquartered in Pennsylvania! These are some facts about the state: 1. Pennsylvania is the third largest exporter of...
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Metal Stocks Signal Weakness In Overall Economic Recovery And Send Up Red Flags
Wednesday, April 21, 2010 - 12:48pm | 377After unbelievable moves higher, many metal stocks are now seeing unique price action over the last couple weeks, going against the flow of the markets. The markets have inched higher, making a new 52 week high in the last week, but key stocks that are a solid gauge of a healthy economic rebound...
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Benzinga’s Top Upgrades (CRS, CAS, ATI, MANH, CGV)
Wednesday, April 21, 2010 - 10:09am | 202Carpenter Technology Corp (NYSE: CRS) was upgraded by KeyBanc Capital Markets from “hold” to buy.” CRS’ shares gained 2.71% to $37.94 at 9:27 am EST. CRS’ 52-week trading range is $15.92-$40.75. AM Castle & Co (NYSE: CAS) was upgraded by KeyBanc Capital Markets to “buy” from “hold.” CAS’ shares...
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Benzinga’s Top Upgrades (CRS, CAS, ATI, MANH, CGV)
Wednesday, April 21, 2010 - 10:08am | 202Carpenter Technology Corp (NYSE: CRS) was upgraded by KeyBanc Capital Markets from “hold” to buy.” CRS’ shares gained 2.71% to $37.94 at 9:27 am EST. CRS’ 52-week trading range is $15.92-$40.75. AM Castle & Co (NYSE: CAS) was upgraded by KeyBanc Capital Markets to “buy” from “hold.” CAS’ shares...
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Market Movers
Wednesday, April 21, 2010 - 1:36am | 74The biggest losers in terms of percentage drop were as follows: MGIC Investment Corp. dropped 11.59%. Allegiant Travel Corp. was down over 9.47% Jeffries Group Inc. declined 9.21% Green Mountain Coffee Roasters was down 7.27%. AK Steel (AKS) shares were down over 7.11% The biggest gainers in the...
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AK Steel (AKS) Gets Slaughtered
Wednesday, April 21, 2010 - 12:02am | 133AK Steel (AKS) shares took a big hit today after the steel company warned that iron ore prices could impact second quarter earnings. According to Credit Suisse iron ore prices could rise anywhere from 30 to 56%. AK Steel shares dropped over 7% to end the day under $20. AK Steel "warned it cannot...
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Goldman Sachs' Outlook For Steel (X, STLD)
Tuesday, April 20, 2010 - 2:17pm | 149Goldman Sachs (NYSE: GS) released a research report today giving their outlook for the Steel sector. The firm is bullish on steel prices, and believe that higher prices will stick. Goldman's favorite names in the sector are United States Steel (NYSE: X) and Steel Dynamics (NASDAQ: STLD). During...
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Steel Dynamic, Inc. (STLD) Up In After-Hours Trading
Monday, April 19, 2010 - 7:35pm | 85Shares of Steel Dynamics, Inc. (NASDAQ: STLD) were up by 2.45% to $17.95 in after-hours trading following the first-quarter results announced by the company today. The company reported a profit of $65 million, or $0.29 per share in the first-quarter, compared with a loss of $87.9 million, or $0.48...
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Benzinga's After Hours Gainers (MT, ATHR, DKS, JAH)
Monday, April 19, 2010 - 6:40pm | 258Among the notable stocks that are moving higher in the after hours session are ArcelorMittal (NYSE: MT), Atheros Communications (NASDAQ: ATHR), Dick's Sporting Goods (NYSE: DKS), and Jarden Corporation (NYSE: JAH). ArcelorMittal (MT) shares have moved 2.63% to the upside in the after hours after...
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Materials Stocks Weak (AA, AKS, X, CF, CENX)
Monday, April 19, 2010 - 11:20am | 112Materials stocks are faring poorly this morning as the dollar gained against the Euro, putting pressure on commodities. Alcoa Inc. (NYSE: AA), AK Steel (NYSE: AKS), U.S. Steel (NYSE: X), CF Industries (NYSE: CF), and Century Aluminum (NASDAQ: CENX) are all lower by 2% or more in mid-morning trading...
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U.S. Steel Continues Slide (X)
Monday, April 19, 2010 - 9:57am | 58Shares of U.S. Steel (NYSE: X) are under pressure in early trading Monday along with the broader market. U.S. Steel shares are down $1.18, or 1.97%, to $58.63. Shares are approaching their one-month low of $57.45 and their 50-day SMA of $58.24. Shares are now down 17.4% from their recent high of $...