News Breaks |
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| February 27, 2013 |
| 11:49 EDT |  | JOY, BTU, WLT, TCK, VALE, CLF | Joy Global CEO cites 'significant destocking of commodities in key markets'
On the Q1 earnings conference call , Mike Sutherlin, President and CEO of Joy Global noted a significant destocking of commodities in key markets. The resurgence of steel production in China dropped iron ore inventories from over a 90 million-ton run rate to just 74 million tons by year-end while imports reached record levels and metallurgical coal inventories at the mills dropped from 31 to just 19 days over the same period. |
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News For JOY;BTU;WLT;TCK;VALE;CLF From The Last 14 Days Check below for free stories on JOY;BTU;WLT;TCK;VALE;CLF the last two weeks. |
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| May 17, 2013 |
| 18:47 EDT |  | WLT | Walter Energy executives buy shares near lows, Barron's says
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| 12:10 EDT |  | CLF | Stocks with call strike movement; AMD CLF
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| May 15, 2013 |
| 11:55 EDT | | CLF | Stocks with call strike movement; FSLR CLF
RT Options Scanner shows First Solar (FSLR) June 60 call option implied volatility decreased 3% to 57, Cliffs Natural (CLF) June 24 call option implied volatility increased 3% to 55 according to IVolatility. |
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| May 14, 2013 |
| 16:31 EDT | | BTU | Peabody Energy targeting FY13 capital spending $450M-$550M
Company says this is approximately 50% below FY12 levels, as it is deferring early-stage growth projects. Company said Q1 capital spend approximately 70% below prior-year levels. Guidance given in slides ahead of presentation to be made at Bank of America-Merrill Lynch 2013 Global Metals and Mining Conference. |
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| 11:56 EDT | | CLF | Stocks with call strike movement; FSLR CLF
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| 07:29 EDT |  | TCK, VALE | BofA/Merrill to host a conference
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| May 13, 2013 |
| 12:06 EDT | | CLF | Stocks with call strike movement; CLF NFLX
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| 07:37 EDT | | BTU | BofA/Merrill to host a conference
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| May 9, 2013 |
| 11:47 EDT | | CLF | Stocks with call strike movement; CLF AMD
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| 11:35 EDT | | BTU | Kansas City Southern says coal volumes are up 5% in Q2
On its presentation at the Wells Fargo conference the CFO said that coal volumes are up approximately 5% in Q2. |
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| May 8, 2013 |
| 12:00 EDT |  | WLT | Walter Energy rises 14.9%
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| 11:41 EDT | | WLT | Walter Energy volatility elevated on recent wide price movement
Walter Energy May call option implied volatility is at 77, June is at 74, September is at 68, January is at 65; above its 26-week average of 59 according to Track Data, suggesting larger price movement. |
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| 11:25 EDT | | CLF | Cliffs Natural May weekly volatility elevated on wide price movement
Cliffs Natural May weekly call option implied is at 60, May traditionals are at 49, June, July and October is at 49; compared to its 26-week average of 47 according to Track Data, suggesting large near term price movement. |
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| 10:17 EDT | | BTU | Peabody Energy volatility at low end of six-year range
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| May 6, 2013 |
| 10:49 EDT | | CLF | Cliffs Natural rallies after analyst raises stock to Outperform
Mining company Cliffs Natural (CLF) is climbing after FBR Capital analyst Mitesh Thakkar upgraded the stock to Outperform from Market Perform in a note to investors earlier today. WHAT'S NEW: After meeting with Cliffs' management, Thakkar is more convinced that the company can use various methods to offset declines in iron ore prices. Specifically, Cliffs Natural can reduce its spending on various initiatives, and sell assets to raise cash if necessary, the analyst contended. In addition, there are signs that China's iron ore imports could increase, while Cliffs' stock has slumped 49% this year, making its valuation attractive, the analyst wrote. Thakkar kept a $28 price target on the shares. TODAY'S PRICE ACTION: In mid-morning trading, Cliffs gained 85c, or 4.3%, to $20.75. OTHERS TO WATCH: Other metal producers rose slightly, with Alcoa (AA) adding 0.75% to $8.70, BHP Billiton (BHP) gaining 0.4% to $67.80, and Freeport McMoRan (FCX) gaining 0.75% to $31.40. |
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| 10:11 EDT | | CLF | Cliffs Natural rises after upgrade, levels to watch
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| 10:04 EDT |  | CLF | On The Fly: Analyst Upgrade Summary
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| 09:18 EDT | | CLF | On The Fly: Pre-market Movers
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| 06:31 EDT | | CLF | Cliffs Natural upgraded to Outperform from Market Perform at FBR Capital
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