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Stock Market & Financial Investment News

News Breaks
January 29, 2013
11:23 EDTAKS, VALE, CLFAK Steel CEO sees iron ore prices continuing to moderate
News For AKS;VALE;CLF From The Last 14 Days
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August 31, 2014
13:57 EDTVALEDeutsche Bank to hold a conference
Global Emerging Markets 1:1 Conference to be held in New York on September 3-5.
August 28, 2014
16:00 EDTCLFOptions Update; August 28, 2014
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09:57 EDTCLFCliffs Natural falls, levels to watch
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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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11:55 EDTAKSU.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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August 22, 2014
10:42 EDTAKSAnalyst 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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07:01 EDTAKSSteel 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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