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Stock Market & Financial Investment News

News Breaks
January 28, 2013
06:25 EDTMUSA, NUE, CENX, RS, CMC, AKS, WOR, STLD, XU.S. Steel Sector downgraded to Cautious from Neutral at Goldman
Goldman downgraded the U.S. Steel sector due recent share strength and an oversupplied steel market. As part of the sector change the firm downgraded AK Steel (AKS) and Century Aluminum (CENX) to Sell from Neutral.
News For AKS;CENX;X;CMC;NUE;STLD;RS;MUSA;WOR From The Last 14 Days
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March 2, 2015
09:23 EDTX, AKS, RS, STLD, CMC, NUEBofA/Merrill U.S. metals/mining analysts hold analyst/industry conference call
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08:53 EDTRSReliance Steel announces CEO David Hannah intends to transition from his role
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February 26, 2015
09:32 EDTCENXCentury Aluminum expands share repurchase program by $20M
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February 25, 2015
10:29 EDTWORWorthington to host business news update conference call
Conference call to be held on February 25 at 3 pm. Webcast Link
09:33 EDTWORWorthington downgraded to Neutral from Outperform at Macquarie
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February 24, 2015
16:02 EDTCENXCentury Aluminum reports Q4 EPS 63c, consensus 64c
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10:00 EDTWOROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AMC Networks (AMCX) downgraded to Neutral from Outperform at Macquarie... American Airlines (AAL) downgraded to Market Perform at Cowen... Armstrong World (AWI) downgraded to Hold from Buy at KeyBanc... Basic Energy (BAS) downgraded to Outperform from Strong Buy at Raymond James... CSC (CSC) downgraded at Stifel... Chevron (CVX) downgraded to Perform from Outperform at Oppenheimer... Choice Hotels (CHH) downgraded to Underweight from Equal Weight at Barclays... Eni SpA (E) downgraded to Underperform from Hold at Jefferies... Fifth Street Asset (FSAM) downgraded to Neutral from Outperform at Credit Suisse... HSBC (HSBC) downgraded to Neutral from Buy at UBS... Home Loan Servicing (HLSS) downgraded to Neutral from Overweight at Piper Jaffray... Huntington Ingalls (HII) downgraded to Underperform from Neutral at Credit Suisse... International Paper (IP) downgraded to Hold from Buy at Deutsche Bank... Kayne Anderson (KED) downgraded at Stifel... Landstar System (LSTR) downgraded to Hold from Buy at Deutsche Bank... Multi-Color (LABL) downgraded to Neutral from Long-Term Buy at Hilliard Lyons... Newmont Mining (NEM) downgraded to Neutral from Overweight at HSBC... ONEOK Partners (OKS) downgraded to Underweight from Neutral at JPMorgan... ONEOK (OKE) downgraded to Underweight from Neutral at JPMorgan... Olympic Steel (ZEUS) downgraded to Underperform from Neutral at Credit Suisse... Polypore (PPO) downgraded to Market Perform from Outperform at William Blair... Rosetta Resources (ROSE) downgraded to Equal Weight from Overweight at Stephens... Salix (SLXP) downgraded to Neutral from Buy at UBS... Sprint (S) downgraded to Sell from Neutral at BTIG... St. Jude Medical (STJ) downgraded to Underperform from Outperform at Credit Suisse... Timmins Gold (TGD) downgraded on lack of near-term production catalysts at RBC Capital... Transocean Partners (RIGP) downgraded to Underweight from Equal Weight at Barclays... Vodafone (VOD) downgraded to Underperform from Neutral at BofA/Merrill... Williams Partners (WPZ) downgraded to Neutral from Buy at Citigroup... Williams (WMB) downgraded to Neutral from Buy at Citigroup... Worthington (WOR) downgraded to Neutral from Outperform at Credit Suisse... Zillow Group (Z) downgraded at Macquarie.
07:07 EDTWORWorthington downgraded to Neutral from Outperform at Credit Suisse
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February 23, 2015
16:50 EDTWORWorthington expects weaker Q3 results
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13:01 EDTAKSAK Steel to build research and innovation center in Middletown, Ohio
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07:45 EDTSTLDSteel Dynamics remains a Best Idea at Morgan Stanley
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07:40 EDTNUEBMO Capital to hold a conference
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February 20, 2015
10:01 EDTRSOn The Fly: Analyst Upgrade Summary
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07:51 EDTRSReliance Steel has reached attractive entry point, says Wells Fargo
After Reliance Steel reported results that Wells Fargo views as disappointing, the firm nonetheless says that the shares are "too cheap to ignore." The firm thinks the stock has reached an attractive entry point for long-term investors, and it keeps an Outperform rating on the shares.
07:05 EDTRSReliance Steel upgraded at KeyBanc
As previously reported, KeyBanc upgraded Reliance Steel to Buy from Hold. Following yesterday's earnings report, the firm believes Reliance is near a trough in the earnings cycle, has compelling free-cash-flow to support accretive capital deployments, and has one of the strongest managements in the industry. Price target is $66.
06:02 EDTRSReliance Steel upgraded to Buy from Hold at KeyBanc
February 19, 2015
08:55 EDTRSReliance Steel sees Q1 adjusted EPS $1.00-$1.10, consensus $1.32
Reliance expects the U.S. economy to continue to improve throughout 2015. Despite current pressure on the portion of Reliance's business directly servicing the energy market, estimated at about 8% to 10% of total sales, lower fuel prices and energy costs are expected to drive improvement in overall U.S. demand. The historically high levels of metal being imported into the U.S. are expected to continue given the strong U.S. dollar and weaker economies in other parts of the world, which will continue to put downward pressure on steel prices. Due to normal seasonal trends, as well as the improving demand environment, Reliance expects higher tons sold in Q1 vs. 4Q14, but lower average selling prices and margins.
08:52 EDTRSReliance Steel reports Q4 EPS $1.18, consensus $1.06
Reports Q4 revenue $2.58B, consensus $2.60B.

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