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Fast Money Picks For January 12th (X, CVC, FXB, USB)
Monday, January 11, 2010 - 7:47pm | 145CNBC's Fast Money traders gave their picks for Tuesday, January 12th. Tim Seymour wants to buy United States Steel Corporation (NYSE: X) on the dip. He would pay $58. US Steel (X) fell 3.69% today and closed at $62.93. Guy Adami would go long on Cablevision (NYSE: CVC) and Joe Terranova is bullish...
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Metals Roundup: Markets Await Alcoa Numbers (CLF, NUE, MT, AA)
Monday, January 11, 2010 - 2:21pm | 149Analysts at Deutsche Bank have rated Cliffs (NYSE: CLF), Nucor (NYSE: NUE) and ArcelorMittal (NYSE: MT) as Top picks in a recent report on the metals sector. Iron ore prices have been rallying in recent times due to several steel price increases announced in China. Ferrous scrap prices have also...
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Schnitzer Steel Industries, Inc. (SCHN) Reports First Quarter 2010 Financial Results
Friday, January 8, 2010 - 1:56pm | 95Schnitzer Steel Industries Inc (NASDAQ: SCHN), which recycles ferrous and non-ferrous scrap metals, posted a better-than-expected first-quarter profit from continuing operations, helped by improved margins in its key metals recycling business. Schnitzer Steel Industries, Inc. reported diluted...
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No Brainer Play Of The Day: China Precision Steel, Inc. (NasdaqCM: CPSL)...China Metals On Fire!
Thursday, January 7, 2010 - 12:53pm | 265The no brainer play of the day is brought to you by the letter P for Profits and the symbol $. China Precision Steel, Inc. (NasdaqCM: CPSL) is without a doubt the highest probability runner here on the back of China commodity stocks ripping higher. Look at the charts of Sutor Technology Group...
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ArcelorMittal (MT) Plans To Shift Location Of Steel Projects
Thursday, January 7, 2010 - 12:23pm | 93Lakshmi Mittal, Chairman of ArcelorMittal (ADR) (NYSE: MT) said that the giant steelmaker may consider shifting the location of its steel projects within India. The Company has steel-making operations in 20 countries on four continents, including 66 integrated, mini-mill and integrated mini-mill...
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WOR FQ2 EPS Beats Expectations
Wednesday, January 6, 2010 - 10:39am | 72Worthington Industries (NYSE: WOR) posted its FQ2 EPS at $0.29, beating consensus expectations by $0.20. WOR’s revenues for the quarter stood at $448 million, reflecting 40% y/y decline. WOR said that although it was optimistic about the gradual improvement in the economy, visibility into the...
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Commodity And Oil Prices Higher In 2010, Shares Move Up (FCX, AKS, GLD, GDX, CAL, AMR, DAL)
Monday, January 4, 2010 - 1:57pm | 303According to the International Monetary Fund (IMF) forecast, commodity prices are set to rise higher this year, with faster expansion in the global economy. The IMF stated that the industrialization of emerging countries supports consumption, as a result of which commodity prices might remain high...
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SPEND TO THE END
Monday, December 28, 2009 - 12:13pm | 455The markets have floated since the Santa Claus rally began early last week. The volume has been extremely light and this does give the market a slight upside bias. Remember the old saying, never short a dull market. Well, this market has been very dull if you go by the current volume. Many stocks...
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Expansion Plans In 2010 For ArcelorMittal (MT, NMR)
Wednesday, December 23, 2009 - 8:52am | 130According to Bloomberg, world’s biggest steelmaker, ArcelorMittal (ADR) (NYSE: MT) plans to buy more mines in 2010 to increase its supply of iron ore as prices for the raw material used to make the metal are expected to recover. Bill Scotting, ArcelorMittal’s head of strategy, said, “Acquisitions...
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Benzinga’s Biggest Losers (AIB, TTWO, GIGM, CMC, FUQI)
Tuesday, December 22, 2009 - 11:42am | 207Allied Irish Banks, plc. (ADR) (NYSE: AIB) has plunged 7% to $3.52 on 2.85 million shares. So far this year, AIB is down over 24%. The 52-week for AIB is $0.72-$10.42. Take-Two Interactive Software, Inc. (NASDAQ: TTWO) fell 3.30% to $9.12 on 2.13 million shares. Take-Two Interactive Software...
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General Steel (GSI) Announces Strong Results from its 2009 Annual Distributor Conference
Tuesday, December 22, 2009 - 7:23am | 176General Steel Holdings, Inc (NYSE: GSI), one of China's leading non-state-owned producers of steel products and aggregators of Chinese steel companies, today announced results from its annual distributor conference held in Xian, China from December 14-16, 2009. With over 100 distributors attending...
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Benzinga’s Volume Movers (CHTT, CTCM, CSKI, BUCY, TCBI)
Monday, December 21, 2009 - 2:58pm | 269Some of the stocks that saw extraordinary trading this morning are: Chattem Inc (NASDAQ: CHTT) shares surged 32.80% to $92.93. The volume of CHTT shares traded was 7,101% higher than normal. CHTT is being bought by French drug-maker Sanofi-Aventis SA in a deal valued at $1.9 billion. CTC Media Inc...
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Top Gainers in NASDAQ (CHTT, BUCY, INCY, SBLK, MAIL)
Monday, December 21, 2009 - 1:54pm | 194The top gainers in the NASDAQ Composite Index are: Chattem Inc (NASDAQ: CHTT) shares have jumped 32.68% to $92.85. CHTT is being bought by French drug-maker Sanofi-Aventis SA in a deal valued at $1.9 billion. Bucyrus International Inc (NASDAQ: BUCY) shares have risen by 9.44% to $55.64. BUCY is...
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Betting On Building In The Emerging Markets (PXR)
Monday, December 21, 2009 - 1:14am | 195While the U.S. seems to talk a good game when it comes to infrastructure spending, the emerging markets is where the future of the infrastructure lies. Of course, China lies at the forefront of this trend. Merrill Lynch estimates emerging markets infrastructure spending will rise by 80% over the...
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Brazil's SID Offers To Buy Portugese Cement Giant For $5.56 Billion
Friday, December 18, 2009 - 5:30am | 51Companhia Siderurgica Nacional (NYSE: SID), the Brazilian steel giant, offered to buy Cimpor-Cimentos de Portugal SGPS SA, Portugal's biggest cement firm, for $5.56 billion according to Bloomberg News. France's Lafarge SA, the world's largest cement maker, owns 17% of Cimpor. SID is Brazil's third-...