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Stock Market & Financial Investment News

News Breaks
January 3, 2013
18:44 EDTCLF, AAUKYCliffs Natural, Anglo American to sell stakes in Brazilian joint venture
According to an SEC filing, on December 27, the board of directors of Cliffs Natural Resources (CLF) authorized the sale of the company’s 30% interest in the Amapá joint venture located in Brazil. Anglo American (AAUKY) currently owns the remaining 70% of Amapá. Both the company and Anglo American will be selling their respective interests in a 100% sale transaction to a single entity. Based on the results of the broad auction process and the terms of the pending sale, management of the company made a determination on December 27, that the value of its Amapá Interest recorded in the financial records of the company needs to be adjusted to reflect the fair value of our investment. Accordingly, the Company will record a pretax impairment charge of approximately $380M to $420M, all of which is non-cash, in the company’s financial statements as of December 31, 2012. The company does not expect that the sale of the Amapá Interest will result in material future cash expenditures.
News For CLF;AAUKY From The Last 14 Days
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April 16, 2015
19:48 EDTAAUKYAnglo American weighs syndication of Quellaveco project, Reuters says
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10:00 EDTAAUKYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AGCO (AGCO) downgraded to Underweight from Neutral at JPMorgan... Alcatel-Lucent (ALU) downgraded to Buy from Conviction Buy at Goldman... Anglo American (AAUKY) downgraded to Sell from Neutral at Goldman... BAE Systems (BAESY) downgraded to Neutral from Buy at UBS... BHP Billiton (BHP) downgraded to Neutral from Conviction Buy at Goldman... Black Diamond (BDE) downgraded on valuation at Stifel... Boston Private Financial (BPFH) downgraded to Hold from Buy at Sandler O'Neill... Columbus McKinnon (CMCO) downgraded to Neutral from Buy at CL King... CoreSite Realty (COR) downgraded to Hold from Buy at Evercore ISI... Meggitt (MEGGF) downgraded to Sell from Neutral at UBS... Methanex (MEOH) downgraded to Sector Perform from Outperform at Scotia Capital... Nokia (NOK) downgraded to Neutral from Buy at Citigroup... SanDisk (SNDK) downgraded to Sell from Neutral at BTIG... Thomson Reuters (TRI) downgraded to Sector Perform from Outperform at RBC Capital... Turquoise Hill (TRQ) downgraded to Hold from Speculative Buy at TD Securities... Washington Federal (WAFD) downgraded to Neutral from Buy at DA Davidson.
05:46 EDTAAUKYAnglo American downgraded to Sell from Neutral at Goldman
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April 15, 2015
12:52 EDTCLFStocks with call strike movement; WUBA CLF
58.com (WUBA) July 70 call option implied volatility decreased 4% to 56, Cliffs Natural (CLF) October 6 call option implied volatility decreased 2% to 68 according to IVolatility.
10:46 EDTCLFBofA/Merrill metals/mining/steel analysts hold analyst/industry conference call
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April 13, 2015
10:00 EDTAAUKYOn The Fly: Analyst Downgrade Summary
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05:33 EDTAAUKYAnglo American downgraded to Sell from Neutral at Citigroup
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April 9, 2015
10:00 EDTAAUKY, CLFOn The Fly: Analyst Downgrade Summary
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09:27 EDTCLFOn The Fly: Pre-market Movers
HIGHER: Pier 1 Imports (PIR), up 5.8% after earnings beat estimates, dividend boosted, and shares upgraded at Wedbush... Novogen (NVGN) rose after announcing that Australian studies revealed its experimental drug, Anisina, killed melanoma cells irrespective of their mutational status. Shares of small-cap Novogen rose 35% in pre-market trading following the company's report on the studies... TASER (TASR), up 3.8% after announcing UK order from London for 178 AXON body cameras... United Continental (UAL), up 2.8% after narrowing Q1 PRASM forecast... Walgreens Boots Alliance (WBA), up 2.4% after reporting Q2 results. LOWER: Zynga (ZNGA), down 12% after announcing last night that current CEO Don Mattrick will depart the company and the board and Mark Pincus, Zynga's founder and chairman, will return to the role of CEO... Alcoa (AA), down 2% after reporting Q1 financial results and giving 2015 guidance... Cliffs Natural (CLF), down 4.6% after BMO Capital cut it rating to the equivalent of sell and halved its price target on the stock to $4.
08:42 EDTCLFVale cut to sell, target halved to $4.50 at BMO Capital
BMO Capital downgraded Vale (VALE) to Underperform, its sell rating equivalent, from Market Perform saying the iron ore oversupply is "not letting up." BMO points out that Vale's free cash flow is highly leveraged to the iron price. It cut its price target for shares in half to $4.50 from $9. BMO also lowered its iron ore forecast prices by 13%-20% for 2015-2018. The firm coupled the downgrade of Vale with a downgrade of Cliffs Natural (CLF) to Underperform.
08:36 EDTCLFCliffs Natural cut to sell, target halved to $4 at BMO Capital
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06:39 EDTCLFCliffs Natural downgraded to Underperform from Market Perform at BMO Capital
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05:31 EDTAAUKYAnglo American downgraded to Neutral from Outperform at Credit Suisse
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April 8, 2015
09:08 EDTCLFCliffs Natural asks permission to put assets in Canada up for sale, CP says
Cliffs Natural Resources subsidiaries, which filed for creditor protection in January, are seeking permission to put the Bloom Lake mine, the Wabush Mine, and related port and rail assets up for sale next month, reported Canadian Press, citing a motion filed by monitor FTI Consulting Canada. Reference Link
April 7, 2015
11:28 EDTCLFStocks with call strike movement; CLF PBR
Cliffs Natural (CLF) October 6 call option implied volatility decreased 2% to 66, Petrobras (PBR) October 8 call option implied volatility decreased 2% to 61 according to IVolatility.

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