New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 6, 2012
10:11 EDTAKS, X, STLD, SCHNSteel makers rise after AK Steel announces price hike
A number of steel companies are advancing after AK Steel (AKS) announced last night that it would increase the price of all carbon steel products by $50 per ton. The increase will be implemented immediately on all new orders, the company said. In early trading, AK Steel climbed 3.38% to $5.50, United States Steel (X) rose 3.60% to $21.89, Schnitzer Steel (SCHN) added 1.67% to $29.80 and Steel Dynamics (STLD) gained 2.78% to $13.68.
News For AKS;X;STLD;SCHN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 1, 2014
11:20 EDTXStocks with call strike movement; GPRO X
GoPro (GPRO) January 105 call option implied volatility increased 7% to 50, U.S. Steel (X) October 43 call option implied volatility increased 4% to 44 according to IVolatility.
September 30, 2014
08:36 EDTSCHNSchnitzer says Metals Recycling unit expected to generate $13-$14 per ton in Q4
Due to the successful execution of our productivity and cost reduction initiatives, combined with higher sales volumes sequentially and less market price volatility, our Metals Recycling Business is expected to generate operating income in the range of $13 to $14 per ton. Accelerating demand from West Coast construction markets and the benefits of productivity initiatives are expected to drive significant operating leverage in our Steel Manufacturing Business, resulting in operating income in the range of $8M-$9M. In the Auto Parts Business, higher car purchase volumes in Q4 were largely offset by seasonally lower retail sales, leading to operating income in the range of $4M-$5M. Significant productivity initiatives currently in process within APB are expected to drive favorable impacts beginning in 2H15.
08:34 EDTSCHNSchnitzer Steel sees Q4 adjusted EPS from cont. ops. 28c-32c, consensus 20c
Subscribe for More Information
September 26, 2014
10:01 EDTAKSOn The Fly: Analyst Initiation Summary
Subscribe for More Information
10:01 EDTSTLDOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actuant (ATU) downgraded to Market Perform from Outperform at FBR Capital... Air France-KLM (AFLYY) downgraded to Underperform from Hold at Jefferies... Beacon Roofing (BECN) downgraded at Longbow... China Unicom (CHU) downgraded to Hold from Buy at Deutsche Bank... Erickson (EAC) downgraded at Stifel... H.B. Fuller (FUL) downgraded to Neutral from Overweight at Piper Jaffray... Philip Morris (PM) downgraded at BofA/Merrill... Seadrill (SDRL) downgraded to Sell from Neutral at Goldman... Starwood Property (STWD) downgraded to Neutral from Buy at Compass Point... Steel Dynamics (STLD) resumed with a Neutral from Buy at Citigroup... Vale (VALE) downgraded to Neutral from Buy at Citigroup.
06:18 EDTSTLDSteel Dynamics resumed with a Neutral from Buy at Citigroup
Subscribe for More Information
06:17 EDTAKSAK Steel resumed with a Sell at Citigroup
Citigroup resumed AK Steel with a Sell rating on expectations the company's results will continue to disappoint as steel prices move lower into Q4 and 2015. Citi raised its price target for shares to $3.40 from $2.50.
September 22, 2014
10:16 EDTSTLDOn The Fly: Analyst Initiation Summary
Subscribe for More Information
08:57 EDTSTLDSteel Dynamics reinstated with a Buy at Goldman
Subscribe for More Information
07:45 EDTXU.S. Steel CEO says more radical restructuring may still lie ahead, WSJ reports
Subscribe for More Information
September 19, 2014
13:55 EDTXU.S. Steel price target raised to $53 from $41 at Argus
Subscribe for More Information
07:30 EDTSTLD, AKS, XRussia's top steelmaker weighs IPO of North American arm, WSJ says
Subscribe for More Information
September 18, 2014
07:42 EDTSTLDSteel Dynamics expects demand trends to remain favorable, says UBS
Subscribe for More Information
07:17 EDTAKSAK Steel reinstated with an Underperform at Credit Suisse
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