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Options Plays in Potash (POT): Will Rating Increases Spark a Rally in Potash (POT) Stock?
Tuesday, March 9, 2010 - 11:15am | 1592Potash Corp. of Saskatchewan (POT) moved higher yesterday after Morgan Joseph upped its rating of the shares to “buy” from “hold.” Rising potash prices were cited by the upgrading analyst as a primary driver behind the ratings change. POT ended Friday’s session at $116.81. Unlike brokerage houses,...
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Commercial Metals Catches a Bid
Tuesday, March 9, 2010 - 11:03am | 118Commercial Metals Company (NYSE: CMC) is jumping higher today by over 4.50%, currently trading $17.02. There is no news out for the stock; in fact all other iron and steel stocks seem to be trading lower on the day so this sticks out. Not only are people bidding up the common, but they are also...
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Is U.S. Steel (X) Strong Enough to Make a Comeback? Potential Trades for the Bullish and Bearish
Monday, March 8, 2010 - 12:54pm | 1624Friday afternoon, Argus Research upgraded U.S. Steel (X) shares to “buy” from “hold,” setting a 12-month target price of $71. The firm said they believe the recent sell-off in steel stocks is overdone, and they expect to see improved fundamentals in the sector over the next few months. At the time...
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KeyBanc Upgrades Steel Dynamics (STLD)
Monday, March 8, 2010 - 12:13pm | 117KeyBanc Capital upgraded its rating of Steel Dynamics, Inc. (NASDAQ: STLD) to BUY from HOLD and established a $23 price target. KeyBanc cites “strong shipping momentum in flat-rolled and SBQ markets, increased likelihood of metal spread expansion, and marked improvement in scrap processing...
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STLD Upgraded On Strong Momentum
Monday, March 8, 2010 - 11:06am | 64Analysts at KeyBanc Capital Markets upgrade Steel Dynamics (NASDAQ: STLD) from "hold" to "buy." The target price for STLD is set to $23. According to KeyBanc Capital Markets, STLD was upgraded following strong momentum in SBQ and flat-rolled markets. STLD’s shares closed at $17.53 yesterday. More...
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Company News for March 8, 2010 - Corporate Summary
Monday, March 8, 2010 - 10:40am | 206• AIG (NYSE:AIG) is reportedly close to a deal to sell its international unit, Alico, to MetLife (NYSE:MET) for $15.5 billion in cash and stock • Toyota Motor (NYSE:TM) president expects the auto-maker's North American sales could recover in March • The Bank of NY Mellon (NYSE:BK) agreed to...
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BHP Billiton (BHP) Pushes Through 55% Increase in Coking Coal Prices, Quarterly Pricing - Iron Ore Also Potentially Set to Soar
Monday, March 8, 2010 - 10:25am | 1822Some interesting developments late last week in the "steel making components" sector; coking coal and iron ore. BHP Billiton (BHP) was able to push through a 55% increase with JFE Steel (Japan), and move from annual pricing to quarterly pricing - I am not sure which of those two is more striking...
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Top 5 Stocks In The Financial Sector With The Highest ROE (NRT, PBT, SBR, IMPM, MSB)
Thursday, March 4, 2010 - 8:44am | 215Below are the top financial stocks on the NYSE and NASDAQ in terms of return on equity. The return on equity at North European Oil Royalty Trust (NYSE: NRT) is 36,450%. NRT’s trailing-twelve-month profit margins stand at 96.43%. Read more about this company here. The return on equity at Permian...
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United States Steel Corporation & Steel Dynamics Signal Possible Top
Wednesday, March 3, 2010 - 1:18pm | 260United States Steel Corporation (NYSE: X) is running higher today on the back of a solid drop in the dollar. X is up $2.00 (3.57%). The dollar is getting hammered today as global optimism is chasing money away from the safety of the U.S Dollar. The PowerShares DB US Dollar Index Bullish (Public,...
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Freeport McMoran Could be Primed to Move
Wednesday, March 3, 2010 - 1:59am | 2615We recently considered undertaking a detailed look at Freeport McMoran Copper & Gold Inc.(NYSE:FCX), one of the largest producers of copper, gold and molybdenum, and a solid performer in the Ascendere Long/Short Model Portfolio. But a piece of information from another Seeking Alpha...
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Fast Money Picks For March 3rd (ECL, QCOM, TJX, CLF)
Tuesday, March 2, 2010 - 9:31pm | 115Gary Kaminsky said on CNBC's Fast Money Final Trade that he likes Ecolab Inc. (NYSE: ECL). Ecolab (ECL) fell 0.33% today and it closed at $42.22. Guy Adami recommends Qualcomm (NASDAQ: QCOM) once again. Qualcomm (QCOMM) jumped 6.66% today and Guy Adami believes that there is more to come. Karen...
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Cliffs Natural Resources Hits 52 Week High (CLF)
Friday, February 26, 2010 - 5:00pm | 84Cliffs Natural Resources (NYSE: CLF) hit a new 52 week high today, gaining 1.57% to $56.39 during the current trading session. This stock has surged nearly 25% in just the last three months. On February 17, the Cleveland based company reported fourth quarter net income of $108 million, or $0.82 per...
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ZEUS Earnings To Improve In 1H10
Friday, February 26, 2010 - 12:40pm | 136Analysts at KeyBanc Capital Markets maintain their "hold" rating on Olympic Steel Inc (NASDAQ: ZEUS), while reducing their estimates for the company. Olympic Steel reported disappointing results for Q4. The analysts believe that ZEUS’ earnings will improve into 1H10, given higher carbon flat-rolled...
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The Dollar Holds All The Cards
Thursday, February 25, 2010 - 4:51pm | 198Since the U.S. Dollar has fallen lower by more than 0.40 cents off the highs to go negative on the session the major indexes have traded higher. Many commodity stocks such as Freeport McMoRan Inc (NYSE: FCX), U.S. Steel (NYSE: X), and the SPDR Gold Shares (NYSE: GLD) have moved higher on this...
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Risk vs Reward Favors Owning CLF
Wednesday, February 24, 2010 - 11:02am | 506On occasion, the simplest ideas are the most effective. When I sent last Thursday's bonus article to subscribers of my weekly newsletter EPIC Insights I focused on Cliff Natural Resources (CLF). With a trailing P/E of 33, a forward P/E of 13, and a dividend yield of 0.66%, the stock was fairly...