New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 28, 2014
10:47 EDTCLFCliffs Natural spikes higher after Casablanca Capital urges spin off
Casablanca Capital, which has a stake of approximately 5.2% in the company wants the company to spin off its international assets, double the annual dividend, cut costs, and convert U.S. assets into an MLP. Price is up 7.4% to $20.84. In a note Credit Suisse has suggested today's strength is a shorting opportunity. At current price, next resistance is at $21.90, the session high. Support is at $19.85.
News For CLF From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 29, 2015
09:30 EDTCLFCredit Suisse said 2H looking like a 'win-win' for US steel equities
Credit Suisse said 2H 2015 is looking like a "win-win" for U.S. steel equities. The firm assumes favorable outcomes in proposed congressional legislation redefining injury in anti-dumping trade cases, a trade case filing, and an end to market restock cycle. Credit Suisse continues to favor U.S. Steel (X) given its leverage to the trade case story and said the entire sector will benefit if 2H plays out as expected. Firm said Reliance Steel (RS), Worthington (WOR), and Olympic Steel (ZEUS) are leveraged to a drop in import volumes and raw materially suppliers Cliffs Natural (CLF), Arch Coal (ACI), and Alpha Natural (ANR) should benefit from production increases in domestic Blast Furnace given less import competition.
May 20, 2015
16:23 EDTCLFCliffs Natural says Wabush has commenced restructuring proceedings
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