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Stock Market & Financial Investment News

News Breaks
August 22, 2014
07:01 EDTX, STLD, NUE, RS, AKSSteel price outlook raised at UBS
UBS said trade duties have helped curb the market from cheap foreign steel and strong demand has allowed U.S. mills to increase margins. The firm expects further trade action and believes cold rolled and coated sheet products could be next, delaying downward pressure on steel prices. The firm now expects steady steel prices in 2014, a slight weakening through 2015/16 and strengthening in 2017. As a result, the firm raised its scrap price forecast and increased earnings estimates for mini-mills and raised the price target for Buy rated Nucor's (NUE) to $59 from $56, cut Reliance's (RS) to $73 from $75, raised Neutral rated U.S. Steel's (X) to $38 from $28 and Steel Steel Dynamics's (STLD) to $25 from $23, and upgraded AK Steel (AKS) to Neutral from Sell and increased its price target to $11 from $6.
News For AKS;NUE;X;RS;STLD From The Last 14 Days
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December 18, 2014
09:21 EDTAKSOn The Fly: Pre-market Movers
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December 17, 2014
18:34 EDTAKSOn The Fly: After Hours Movers
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18:02 EDTSTLDSteel Dynamics sees Q4 EPS ex-items 38c-42c, consensus 45c
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16:46 EDTAKSAK Steel up 6% after better than expected Q4 outlook
16:32 EDTAKSAK Steel sees Q4 EPS 5c-10c, consensus 4c
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December 16, 2014
09:08 EDTNUENucor sees Q4 EPS 50c-55c, consensus 65c
Nucor noted that its Q4 range is comparable to 4Q13 earnings of 53c per diluted share and a decrease from the Q3 earnings of 76c per diluted share, stating that the qualitative guidance presented in its Q3 earnings release and conference call was, "We currently expect to see a moderate decrease in earnings for the fourth quarter of 2014."
December 12, 2014
08:45 EDTAKSUSW members ratify labor agreement for AK Steel's Ashland Works
AK Steel said that members of United Steelworkers Local 1865 have ratified a new 42-month labor agreement covering more than 800 hourly production and maintenance employees at the company's Ashland, Kentucky Works. The new agreement will take effect following expiration of the existing contract on March 1, 2015. The new agreement will expire on September 1, 2018.
December 9, 2014
09:38 EDTXActive equity options trading
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