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Stock Market & Financial Investment News

News Breaks
November 27, 2012
05:55 EDTAEM, AEM, ANR, ANR, GMO, GMO, TMS, TMS, STLD, STLD, RS, RS, HBM, HBM, MCP, MCPGoldman to host a conference
Global Metals & Mining/Steel Conference is being held in New York on November 27-28.
News For AEM;ANR;GMO;TMS;STLD;RS;HBM;MCP From The Last 14 Days
Check below for free stories on AEM;ANR;GMO;TMS;STLD;RS;HBM;MCP the last two weeks.
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August 31, 2014
21:48 EDTANRCoal stocks may get boost from Russia tensions, Reuters says
U.S. coal company stocks may get a boost in the near term if worsening relations between Russia and the West motivate President Putin to limit Europe’s natural gas supply, says Reuters. Publicly traded companies in the space include Alliance Resource Partners (ARLP), Alpha Natural (ANR), Arch Coal (ACI), CONSOL (CNX), Cloud Peak (CLD), Peabody (BTU) and Walter Energy (WLT). Reference Link
17:00 EDTANRCoal miners become more optimistic as prices stabilize, WSJ says
Coal miners are becoming more optimistic as a two year glut of the fuel that has driven prices down seems to be abating, says the Wall Street Journal. Plant shutdowns and a pickup in buying from China and India are leading to more price stability and what some see as a gradual recovery, added the Wall Street Journal. Publicly traded companies in the space include Alliance Resource Partners (ARLP), Alpha Natural (ANR), Arch Coal (ACI), CONSOL (CNX), Cloud Peak (CLD), Peabody (BTU) and Walter Energy (WLT). Reference Link
August 29, 2014
08:37 EDTANRAlpha Natural unit received MHSA imminent danger order on Aug. 25
Alpha Natural Resources disclosed last night in a regulatory filing that on August 25, its subsidiary Brooks Run South Mining received an imminent danger order issued by the Mine Safety and Health Administration to the Wyoming No 2 Mine, located near Marianna, West Virginia. The order alleged that a miner was observed working in close proximity to an energized, unmanned scoop. The scoop was immediately de-energized, whereupon MSHA terminated the order. "MSHA had issued no citations or orders to the Mine for persons working near an energized, unmanned scoop during the prior twelve months, and no injuries occurred in connection with the alleged practice," Alpha Natural stated.
August 26, 2014
06:05 EDTMCPStocks with implied volatility movement; MCP GILD
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August 25, 2014
11:55 EDTSTLDU.S. Steel gains after Credit Suisse upgrades on pricing outlook
Shares of U.S. Steel (X) are climbing after Credit Suisse upgraded the stock by two notches, saying that the company should benefit from an improved pricing environment and raw material cost advantages. WHAT'S NEW: An increase in U.S. demand for steel, along with tariffs that have been imposed on foreign steel producers and the possibility that additional tariffs will be imposed, are keeping U.S. steel prices far higher than previously anticipated, Credit Suisse analyst Nathan Littlewood wrote in a note to investors earlier today. Additionally, production at a number of American steel mills has been curtailed, the analyst stated. Moreover, U.S. Steel can obtain raw materials relatively cheaply, enabling it to produce some of the lowest cost steel in North America, Littlewood stated. U.S. Steel should become one of the most profitable steel makers in the world, according to Littlewood, who upgraded his rating on the shares to Outperform from Underperform and hiked his price target on the stock to $50 from $25. WHAT'S NOTABLE: Littlewood downgraded his rating on another name in the sector, Steel Dynamics (STLD), to Neutral from Outperform. Although the company has a high quality business, the recent outperformance by the stock caused the analyst to downgrade the name. Littlewood kept a $23 price target on the shares. On Friday, UBS wrote that the threat of new tariffs on imported steel could prevent U.S. steel prices from dropping significantly. The filing of requests for additional tariffs on foreign steel, or even the threat of such filings, could keep steel prices from declining in the short-term, the firm predicted. UBS upgraded AK Steel (AKS) to Neutral from Sell, while raising its price target on Nucor (NUE) to $11 from $6 and keeping a Buy rating on that stock. The firm raised its price target on U.S. Steel to $38 from $28 but kept a Neutral rating on the shares. PRICE ACTION: In late morning trading, U.S. Steel advanced 2.6% to $38.81, Steel Dynamics lost 0.3% to $23.24, AK Steel gained 2% to $10.89, and Nucor climbed 1% to $54.23.
10:00 EDTSTLDOn The Fly: Analyst Downgrade Summary
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09:05 EDTHBMHudbay Minerals to acquire Augusta Resource
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09:03 EDTHBMHudbay Minerals to acquire Augusta Resource
06:02 EDTSTLDSteel Dynamics downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse downgraded Steel Dynamics to Neutral due to valuation. Price target remains $23.
August 22, 2014
10:42 EDTSTLDAnalyst says tariff threat could protect steelmakers
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07:01 EDTSTLD, RSSteel price outlook raised at UBS
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