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Stock Market & Financial Investment News

News Breaks
August 4, 2014
10:04 EDTX, SYRG, OIS, HIMX, BBW, AWI, AXAHY, TRGP, STLD, OXY, DPZ, BYI, ALU, WY, TMUS, SLRC, MLNX, CCO, AJG, ALOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AXA (AXAHY) upgraded to Buy from Neutral at BofA/Merrill... Air Lease (AL) upgraded at RBC Capital... Alcatel-Lucent (ALU) upgraded to Overweight from Equal Weight at Morgan Stanley... Armstrong World (AWI) upgraded to Neutral from Underweight at JPMorgan... Arthur J. Gallagher (AJG) upgraded to Buy from Hold at Deutsche Bank... Bally Technologies (BYI) upgraded to Neutral from Sell at Goldman... Build-A-Bear (BBW) upgraded to Outperform from Market Perform at BMO Capital... Clear Channel Outdoor (CCO) upgraded to Equal-Weight from Underweight at Evercore... Domino's Pizza (DPZ) upgraded to Buy from Hold at Miller Tabak... Himax (HIMX) upgraded to Buy from Hold at Lake Street... Mellanox (MLNX) upgraded to Equal Weight from Underweight at Barclays... Occidental Petroleum (OXY) upgraded to Overweight from Equal Weight at Morgan Stanley... Oil States (OIS) upgraded at Credit Suisse... Solar Capital (SLRC) upgraded to Overweight from Neutral at JPMorgan... Steel Dynamics (STLD) upgraded to Buy from Hold at KeyBanc... Synergy Resources (SYRG) upgraded at Stifel... T-Mobile (TMUS) upgraded to Overweight from Equal-Weight at Evercore... Targa Resources (TRGP) upgraded to Outperform at Baird... U.S. Steel (X) upgraded to Buy from Hold at Deutsche Bank... Weyerhaeuser (WY) upgraded to Buy from Neutral at DA Davidson.
News For AXAHY;AL;ALU;AWI;AJG;BYI;BBW;CCO;DPZ;HIMX;MLNX;OXY;OIS;SLRC;STLD;SYRG;TMUS;TRGP;X;WY From The Last 14 Days
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March 25, 2015
14:05 EDTTMUSOn Track Innovations jumps following ruling in suit with T-Mobile
A judge in the Southern District of New York granted On Track Innovations (OTIV) motion for summary judgment of infringement in a patent lawsuit between the company and T-Moblie. according to a court filing. Shares of On Track jumped 26% to $1.63 in afternoon trading.
12:54 EDTX, STLDSteel stocks trade higher ahead of Congressional Steel Caucus hearing
Steel manufacturing stocks are trading higher ahead of tomorrow's testimony at a Congressional Steel Caucus hearing. WHAT'S NEW: The United Steelworkers, or USW, will be joining Chief Executive Officers of steel companies and other representatives from the steel industry on Thursday, March 26 on Capitol Hill to testify at a Congressional Steel Caucus hearing on the "State of American Steel." The USW and the steel executives will speak to the state of the steel industry and how policies on trade are impacting manufacturing in the steel industry. WHAT'S NOTABLE: According to the American Iron and Steel Institute, year-to date total and finished steel imports are 7.977M and 6.41M net tons, respectively, up 23% and 36%, respectively, vs. the same period in 2014. In the past month, steelmakers including Nucor (NUE), AK Steel Holding (AKS) and Steel Dynamics (STLD) all issued profit warnings. On March 19, Nucor said "Overall operating performance at the steel mills segment for the first quarter of 2015 is expected to decrease significantly compared to the fourth quarter of 2014," citing lower selling prices and margins resulting from the "exceptionally high level of imports flooding the domestic market." The company also said "Total imports increased 38% in 2014 compared to 2013, with imports accounting for approximately 34% of the total domestic shipments in 2014. Global overcapacity built by state-owned enterprises is the biggest risk factor to our business." This morning, United States Steel Corporation (X) announced plans to consolidate its North American Flat-Rolled operations and temporarily idle its Granite City Works operations. The company noted that the consolidation is a result of challenging market conditions that reflect the cyclical nature of the industry. Global influences in the market like reduced steel prices, unfair trade, imports and fluctuating oil prices, continue to have an impact on the business, the company said. Publicly traded companies in the space including U.S. Steel , AK Steel and Steel Dynamics are all trading higher while Nucor is fractionally lower in midday trading.
11:48 EDTX, STLDSteel industry leaders set to testify on import surge, Bloomberg says
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11:28 EDTSTLD, XEU to impose tariffs on steel from China and Taiwan, Reuters says
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11:14 EDTXSunCoke oversold on U.S. Steel news, says Brean Capital
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11:13 EDTXSunCoke drops after customer announces plans to idle Granite City operations
Shares of SunCoke Energy (SXC) and SunCoke Energy Partners (SXCP) are both sharply lower after U.S. Steel (X), the principal customer of their Granite City cokemaking facility, announced it will consolidate its North American Flat-Rolled operations and temporarily idle its Granite City Works operations. The consolidation is part of an on-going adjustment of steelmaking operations throughout North America to match customer demands, said U.S. Steel, which noted that it routinely adjusts production at its operating facilities to reflect "market fluctuations." In morning trading, Suncoke Energy shares fell 11% to $15.01, while Suncoke Energy Partners dropped 10.25% to $19.87.
10:27 EDTXU.S. Steel responds to OSHA citations
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09:06 EDTXU.S. Steel to consolidate flat-rolled operations
United States Steel announced it will consolidate its North American Flat-Rolled operations and temporarily idle its Granite City Works operations in Granite City, Ill. As the primary flat-roll supplier of Lone Star Tubular Operations, the consolidation is part of an on-going adjustment of steelmaking operations throughout North America to match customer demands. The company said it routinely adjusts production at its operating facilities to reflect market fluctuations. The consolidation is a result of challenging market conditions that reflect the cyclical nature of the industry. Global influences in the market like reduced steel prices, unfair trade, imports and fluctuating oil prices, continue to have an impact on the business. The company will be working closely with its customers through this consolidation. The company will continue to operate its steelmaking operations in Alabama, Indiana, Michigan and Pennsylvania.
08:39 EDTWYWeyerhaeuser and Louisiana-Pacific estimates cut at Longbow
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March 24, 2015
07:27 EDTDPZTelsey Advisory to hold a conference
2015 Consumer Conference is being held in New York on March 24-25.
March 23, 2015
08:13 EDTALBofA/Merrill airlines/aerospace analysts hold analyst/industry conference call
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07:11 EDTXU.S. Steel shares at a discount to asset value, says Macquarie
Macquarie lowered Outperform rated U.S. Steel estimates and reduced its price target to $33 from $48 based on $480 HRC price expectations through the end of the year but said shares trade at a discount to asset value.
March 20, 2015
07:24 EDTMLNXBroadcom chip renews competition with in-house hardware makers, WSJ says
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06:32 EDTTMUST-Mobile employment policies struck down by judge, NY Times says
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March 19, 2015
11:24 EDTXStocks with call strike movement; X RIG
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08:24 EDTSTLDSteel Dynamics has more upside ahead, says Morgan Stanley
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07:33 EDTTMUST-Mobile well-positioned to take share in business market, says Pacific Crest
After T-Mobile said it was bringing its Unicarrier programs to the workplace, Pacific Crest believes that the company's low business market share, positive brand image and consumer momentum position it well to take share from incumbents. The firm keeps an Outperform rating on the shares.
06:33 EDTALAir Lease leases two Boeing 777-300ERs with Air Austral
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March 18, 2015
13:59 EDTTMUST-Mobile announces 'Un-contract,' 'Carrier Freedom' initiatives
Today, during an event held to announce Un-carrier 9.0 − Un-carrier for Business − T-Mobile (TMUS) unveiled two new major Un-carrier initiatives for consumers. First, with T-Mobile’s new "Un-contract," customers will now have more certainty in their wireless pricing than ever before. Consumers and businesses with the Simple Choice rate plan will find that rates won’t go up as long as they’re a T-Mobile customer and keep their plan − and even customers with unlimited 4G LTE will lock in their rates for a minimum of two years. The Un-carrier also launched "Carrier Freedom," a new move where T-Mobile will now cover all outstanding phone and tablet payments up to $650 per line when customers from AT&T (T), Verizon (VZ) or Sprint (S) switch to T-Mobile.
08:04 EDTTRGPTarga Resources resumed with a Market Perform at Wells Fargo
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