New User:

-or-
Username:
Password:
Forgot your password?

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
Check below for free stories on AKS;NUE;MT;STLD the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
August 20, 2014
16:33 EDTNUENucor files automatic mixed securities shelf
August 18, 2014
12:47 EDTNUENucor volatility at low end of historic range
Nucor September and October call option implied volatility is at 19, January is at 18; compared to its 26-week average of 21 according to Track Data, suggesting decreasing price movement.
August 14, 2014
13:03 EDTMTArcelorMittal expresses interest in Italian steelmaker Ilva, Reuters says
ArcelorMittal is said to have sent a non-binding expression of interest for Italian steelmaker Ilva, says Reuters. Reference Link
August 12, 2014
09:59 EDTMTArcelorMittal shares attractive, says Bernstein
Subscribe for More Information
06:38 EDTMTArcelorMittal Brazil boss says local price view solid, Reuters says
Subscribe for More Information
August 9, 2014
15:31 EDTAKSAK Steel applauds legislation bolstering the Highway Trust Fund
Subscribe for More Information
August 8, 2014
11:31 EDTMTArcelorMittal comments on Liberia options
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use