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AK Steel Holding Corporation (NYSE: AKS) Climbs After Results
Monday, January 25, 2010 - 9:53am | 148AK Steel Holding Corporation (NYSE: AKS) today reported a fourth quarter net income of $39.8 million, or $0.36 per diluted share of common stock, from a net loss of $430.6 million, or $3.87 per diluted share of common stock, for the same quarter last year. Net sales were $1,319.9 million on...
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Goldman Expels X From Conviction Buy List
Friday, January 22, 2010 - 4:12pm | 73Goldman downgraded US Steel (NYSE: X) from “conviction buy” to “buy.” The target price is set to $67. X’s share price has slipped by 4.57% to $55.03. The company’s 52-week trading range is $16.66-$66.45. Since the morning, the volume of X traded so far in the day is 8,019,310. The 5-year average...
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Top 5 Mid-Cap Stocks In The Industrial Goods Sector With The Highest Revenue Estimates (FLR, CNH, ITT, SAI, X)
Friday, January 22, 2010 - 8:45am | 277Below are the top 5 mid-cap industrial goods stocks on the NASDAQ and the NYSE in terms of revenue estimates. The 2009 revenue estimate for Fluor Corporation (NYSE: FLR) is $21.98 billion. FLR’s market capitalization is $8.33 billion. The trailing-twelve-month ROE for FLR stands at 24.92%. Read...
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Top 5 Mid-Cap Stocks In The Industrial Goods Sector With The Highest Cash (ITT, WY, FLR, X, CNH)
Friday, January 22, 2010 - 8:02am | 282Below are the top 5 mid-cap industrial goods stocks on the NASDAQ and the NYSE in terms of cash. The total cash at ITT Corporation (NYSE: ITT) stands at $1.35 billion. ITT’s market capitalization is $9.03 billion. ITT’s shares have gained just 9.04% over the past 52 weeks, as compared to a 34.92%...
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Goldman Recommends U.S. Steel (X)
Thursday, January 21, 2010 - 11:59am | 254In a research report released today by Goldman Sachs, the investment bank said that they like U.S. Steel (NYSE: X) and AK Steel (NYSE: AKS) ahead of earnings, but that they would be avoiding Gerdau Ameristeel (NYSE: GNA). According to the analysts, it is likely that U.S. Steel's (X) 1Q qualitative...
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Fast Money Picks For January 20th (MTL, HPQ, FCX)
Tuesday, January 19, 2010 - 7:18pm | 115CNBC's Fast Money Tim Seymour thinks that selling Mechel OAO (ADR) (NYSE: MTL) is the best move for tomorrow. Mechel (MTL) gained 6.57% today and closed at $26.43. If Hewlett-Packard (NYSE: HPQ) gets hurt after International Business Machines Corp. (NYSE: IBM) reports its earnings, Guy Adami would...
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Company News for January 19, 2010 - Corporate Summary
Tuesday, January 19, 2010 - 10:07am | 305• After months of wrangling over price, Kraft (NYSE:KFT) raised its bid to $19.5 billion and Cadbury’s (NYSE:CBY) board recommended its acceptance • Tyco (NYSE:TYC) plans to buy Brink's Home Security (NYSE:CFL) for $2 billion, with Tyco paying $42.50 in cash and stock • Tyco (NYSE:TYC) yesterday...
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Meredith to Trim Headcount - Analyst Blog
Monday, January 18, 2010 - 12:33pm | 284Meredith Corp. (MDP), a media and marketing company, recently declared that it will lower its headcount by about 45 employees to revamp its Special Interest Media (SIM) business, which concentrates on home improvement publications and do-it-yourself projects in the fields of decoration, remodeling...
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Cramer Is Aggressive On UPL, Lackluster on Chinese Automotive Stocks
Friday, January 15, 2010 - 8:49am | 533Despite the announcement of a new tax on TARP recipients, low retail sales and unemployment numbers and credit card defaults, markets have been moving up since March 2009. Jim Cramer, the host of the “Mad Money” show, declared that bears had been wrong all along and bulls have been proved right....
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Company news for January 14, 2010 - Corporate Summary
Thursday, January 14, 2010 - 10:26am | 176• Goldman Sachs (NYSE:GS) said Apple (NASDAQ:AAPL) is likely to unveil its new iPhone as soon as June, with a more advanced camera and perhaps a touch-sensitive casing • Rio Tinto (NYSE:RTP) reported a 49% surge in iron ore production, beating its prior projections, to 47.2 million tonnes in the...
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Biggest NYSE Losers (KYN, AMX, ZLC, PKX, MON, MED)
Thursday, January 14, 2010 - 10:21am | 373Kayne Anderson MLP Investment Co. (NYSE: KYN) plunged 6.80% to $23.56 in the pre-market session. Kayne Anderson today announced that it has commenced a public offering of 5,500,000 shares of its common stock. In the last year, KYN is up over 45%. KYN closed at $25.28 in the last trading session....
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Olympic Steel Inc.(ZEUS) Gets Downgraded
Wednesday, January 13, 2010 - 7:57pm | 97Olympic Steel Inc. (NASDAQ: ZEUS) has been handed a negative review by analysts at KeyBanc Capital Markets. They have downgraded Olympic Steel from ‘Buy’ to ‘Hold’. They have reiterated their faith in the company’s ability to increase its earnings in Year 2010. However, markets seem to have...
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Mechel OAO (NYSE:MTL) Among NYSE's Top Movers
Wednesday, January 13, 2010 - 11:28am | 71Mechel OAO (NYSE: MTL) is up 4.2% today - one of the NYSE's best performers so far. The jump comes on the heels of a key announcement regarding an improvement in capacity and the addition of a new product category (welded mesh). The big move has also taken Mechel OAO back to within striking...
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Top 5 Mid-Cap Stocks With The Highest 50-Day Moving Average (ILMN, NYT, LEN, X, GCI)
Wednesday, January 13, 2010 - 7:20am | 226Below are the top 5 mid-cap stocks on the NASDAQ and the NYSE in terms of last price down verses 50 day moving average. Shares of Illumina Inc (NASDAQ: ILMN) are down 32.32% as compared to the 50-day moving average. ILMN’s market capitalization is $4.9 billion. Caris & Company upgraded ILMN...
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Trade Deficit Widens (X, AA)
Tuesday, January 12, 2010 - 11:19am | 184The U.S. trade balance widened more than expected in November as the deficit grew from $33.2 billion in October to $36.4 billion. The median estimate correctly called the direction of the trade balance improvement, but only expected the deficit to widen $1.7 billion from October's reading. Many...