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Stock Market & Financial Investment News

News Breaks
July 10, 2014
09:25 EDTX, X, TX, TX, STLD, STLD, SID, SID, SCHN, SCHN, RS, RS, NUE, NUE, MTL, MTL, GGB, GGB, CMC, CMC, CLF, CLF, ATI, ATI, AKS, AKSBofA/Merrill steel analysts hold an analyst/industry conference call
Global Steel Analysts review market conditions in Asia, Europe and the U.S. and discuss recent price moves in iron ore, met coal and global steel on an Analyst/Industry conference call. Covered companies AKS, ATI, CLF, CMC, GGB, MTL, NUE, RS, SCHN, SID, STLD, TX and X may be discussed on the Analyst/Industry conference call to be held on July 14 at 10 am.
News For AKS;ATI;CLF;CMC;GGB;MTL;NUE;RS;SCHN;SID;STLD;TX;X From The Last 14 Days
Check below for free stories on AKS;ATI;CLF;CMC;GGB;MTL;NUE;RS;SCHN;SID;STLD;TX;X the last two weeks.
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August 28, 2014
08:06 EDTMTLMechel rails successful in lab tests at Railway Research Institute
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August 25, 2014
18:07 EDTCLFCliffs Natural CEO supports sale of non-core assets 'at right price,' WSJ says
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16:00 EDTXOptions Update; August 25, 2014
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11:55 EDTAKS, STLD, X, NUEU.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.
11:31 EDTCLFCliffs Natural announces $200M share repurchase plan
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10:00 EDTSTLDOn The Fly: Analyst Downgrade Summary
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10:00 EDTXOn The Fly: Analyst Upgrade Summary
CBOE Holdings (CBOE) upgraded to Outperform from Market Perform at Raymond James... Silver Bay Realty (SBY) upgraded to Overweight from Neutral at JPMorgan... U.S. Steel (X) upgraded to Outperform from Underperform at Credit Suisse... Endologix (ELGX) upgraded to Buy from Neutral at BTIG... Texas Roadhouse (TXRH) upgraded to Overweight from Equal Weight at Stephens... WPX Energy (WPX) upgraded to Outperform from Sector Perform at Howard Weil... Nomura (NMR) upgraded to Outperform from Neutral at Credit Suisse.
09:11 EDTXOn The Fly: Pre-market Movers
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06:03 EDTXU.S. Steel upgraded to Outperform from Underperform at Credit Suisse
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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
12:22 EDTXU.S. Steel CEO comments on affirmative decision by ITC in OCTG trade case
United States Steel President and CEO Mario Longhi issued the following statement in response to the International Trade Commission's affirmative final vote in a trade case on Oil Country Tubular Goods against eight countries including South Korea. The company, the largest integrated producer of tubular products headquartered in the United States, was a petitioner in the case. Longhi's statement follows: "United States Steel Corporation is pleased with the International Trade Commission's affirmative final vote to impose anti-dumping orders against six of the nine countries that are dumping Oil Country Tubular Goods into the market. U. S. Steel will continue to evaluate all of its options, including further litigation, with regards to Saudi Arabia, who was excluded from the International Trade Commission's final vote as a result of an amended final determination from the Department of Commerce, and the two countries, Thailand and the Philippines, for which the ITC reached a negative determination. The International Trade Commission's diligent and conscientious investigation and affirmative final vote clearly recognized that these six countries, which represent more than 90% of the unfairly traded imports that entered the U.S. market in 2013, imported OCTG using unfair methods and market distorting pricing. The dumped imports from all nine countries have caused material injury to the American market and the American worker. Orders have been reduced, mills idled and jobs have been lost. We are satisfied that the affirmative vote will ensure a more competitive and fairer OCTG market for American manufacturing and American workers. While U. S. Steel will continue on our own path toward sustainable profitability and to supply our customers with innovative steel solutions, we also intend to seek transformative, meaningful change to our trade laws to ensure that fairness will exist and is preserved, which can lead to a brighter future for American industry."
10:42 EDTX, AKS, STLD, NUEAnalyst says tariff threat could protect steelmakers
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10:34 EDTCLFStocks with call strike movement; UAL CLF
United Continental (UAL) September 55 call option implied volatility decreased 6% to 39, Cliffs Natural (CLF) September 18 call option implied volatility increased 3% to 41 according to IVolatility.
10:01 EDTAKSOn The Fly: Analyst Upgrade Summary
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09:36 EDTXActive equity options trading on open
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07:01 EDTX, STLD, RS, NUE, AKSSteel price outlook raised at UBS
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06:43 EDTAKSAK Steel upgraded to Neutral from Sell at UBS
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06:26 EDTAKSAK Steel upgraded to Neutral from Sell at UBS
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August 20, 2014
16:33 EDTNUENucor files automatic mixed securities shelf
09:36 EDTXActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL FOLD TSLA TWTR WHX FB TM NFLX X EOG
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