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Stock Market & Financial Investment News

News Breaks
June 16, 2014
11:29 EDTAKS, NUE, MT, STLDAK Steel rallies after BofA/Merrill upgrade to Buy
Shares of AK Steel (AKS) are rising after Bank of America/Merrill Lynch upgraded the stock to Buy from Neutral in a note to investors earlier today. WHAT'S NEW: AK Steel should be boosted by stronger demand for electrical steel in the second half of this year, driven partly by strong demand for the product from India, Bank of America/Merrill Lynch analyst Timna Tanners wrote in a note to investors earlier today. Additionally, the company should benefit from lower cost pressures, due to declining iron ore prices and a drop in its costs for Magnetation in 2015, Timna stated. Magnetation, a joint venture formed in 2011, produces iron ore. Tanners raised her price target on AK Steel to $10 from $9. WHAT'S NOTABLE: On June 10, Goldman Sachs predicted that AK Steel and another company in the sector, U.S. Steel (X), would benefit from falling raw material costs and stronger margins. The firm reiterated Buy ratings on both stocks. OTHERS TO WATCH: Other steel makers include Nucor, (NUE), ArcelorMittal (MT) and Steel Dynamics (STLD). PRICE ACTION: In late morning trading, AK Steel climbed 5.6% to $7.
News For AKS;NUE;MT;STLD From The Last 14 Days
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July 29, 2014
11:33 EDTAKSAK Steel seeing some signs of recovery in electrical steel sector
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08:32 EDTAKSAK Steel reports Q2 shipments of 1.40M tons
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08:31 EDTAKSAK Steel reports Q2 adjusted EPS 2c, consensus (4c)
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July 28, 2014
15:47 EDTAKSNotable companies reporting before tomorrow's open
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July 25, 2014
07:34 EDTNUENucor 'confident' in future favorable rulings for steel industry, Reuters says
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July 24, 2014
14:56 EDTNUENucor continues to see FY14 CapEx approximately $600M
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09:04 EDTNUENucor expects to see stronger improvement in earnings for Q3
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09:03 EDTNUENucor reports Q2 total tons shipped to outside customers was 6.37M tons
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09:03 EDTNUENucor reports Q2 EPS 46c, consensus 41c
Reports Q2 revenue $5.29B, consensus $5.21B
July 22, 2014
07:52 EDTSTLDSteel Dynamics shares can advance further, says Wells Fargo
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July 21, 2014
18:02 EDTSTLDSteel Dynamics reports Q2 EPS 31c, consensus 31c
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10:31 EDTSTLDHigh option volume stocks:
High option volume stocks: EZPW LCI STLD SIAL FL OREX CROX NIHD EXTR BBT
06:56 EDTAKSAK Steel to host conference call
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06:51 EDTSTLDSteel Dynamics to host conference call
Conference call to discuss agreement to acquire Severstal Columbus will be held on July 21 at 9:30 am. Webcast Link
05:23 EDTSTLDSteel Dynamics to acquire Severstal Columbus for $1.63B
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05:18 EDTAKSAK Steel to acquire Severstal Dearborn for $700M cash
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July 20, 2014
13:15 EDTSTLD, AKSSeverstal close to U.S. plant sales to Steel Dynamics, AK Steel, Bloomberg says
Russian steelmaker OAO Severstal is set to sell two U.S plants to Steel Dynamics (STLD) and AK Steel (AKS) in a deal that may value the assets at just over $2B, says Bloomberg. Reference Link
July 16, 2014
07:44 EDTNUESenate Appropriations Committee to hold a hearing
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