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Stock Market & Financial Investment News

News Breaks
June 20, 2014
12:35 EDTSTLD, AKS, MT, NUE, XSteelmakers fall after Nucor, AK Steel profit warnings
Shares of steel makers Nucor Corporation (NUE) and AK Steel (AKS) are declining after the companies pre-announced lower than expected second quarter earnings per share. WHAT'S NEW: Nucor earlier today provided Q2 EPS guidance of 35c-40c, versus analysts' consensus estimate of 62c. The company said that the operating performance of its steel mills had been weakened by a decline in the profitability of its structural steel. Meanwhile, yield loss at Nucor's new direct reduced iron plant in St. James Parish, Louisiana is expected to reduce its Q2 operating EPS by 6c, the company stated. AK Steel expects to report a (2c)-(6c) per share loss for Q2, excluding the impact of losses on derivatives, the company reported last night. Analysts on average had expected the company to report a 10c per share profit. The company cited the harsh winter weather and hedging losses as reasons for its lower than expected Q2 profit. The steel maker expects its hedging losses to be "substantially offset" in the second half of the year by lower commodities costs or hedging gains. OTHERS TO WATCH: Other steel makers include U.S. Steel (X), ArcelorMittal (MT) and Steel Dynamics (STLD) PRICE ACTION: In early afternoon trading, Nucor declined 87c, or 1.7%, to $50.81, while ArcelorMittal was down nearly 1% and U.S. Steel was down 0.3%. However, shares of AK Steel were up 13c, or 1.8%, to $7.57 and Steel Dynamics was up 0.4%.
News For NUE;AKS;X;MT;STLD From The Last 14 Days
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July 28, 2015
11:38 EDTAKSAK Steel says trade cases are already showing benefits
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11:35 EDTAKSAK Steel sees level of unfairly traded products declining
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11:34 EDTAKSAK Steel sees less cash requirements for 2015 than prior year
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10:33 EDTX, MT, NUE, AKS, STLDAK Steel, other producers file trade cases related to cold-rolled steel
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08:32 EDTAKSAK Steel expects 'improved results' for Q3 and 2H15
The company commented, "Chief among these reasons are anticipated higher shipments, improving carbon steel spot market prices, increased production levels resulting in lower per ton operating costs, and the continuing benefit of lower raw materials costs, in particular, iron ore. The company expects shipments to customers in its largest market, automotive, to remain strong. In addition, the company expects the level of what the company believes are unfairly traded imports of carbon steel products will continue to decline in the second-half of the year, principally because of the pending and anticipated future steel industry trade cases, resulting in increased domestic steel shipments and a continuing improving trend in selling prices."
08:32 EDTAKSAK Steel reports Q2 shipments 1.81M tons vs. $1.40M tons last year
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08:31 EDTAKSAK Steel reports Q2 EPS (36c), consensus (37c)
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July 24, 2015
09:03 EDTSTLDSteel Dynamics awarded $10M solar contract
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07:02 EDTXU.S. Steel July weekly volatility elevated into Q2 and outlook
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July 23, 2015
09:03 EDTNUENucor reports Q2 average sales price ton down 8%
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09:02 EDTNUENucor reports Q2 EPS 39c, consensus 26c
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July 20, 2015
18:04 EDTSTLDSteel Dynamics reports Q2 cash flow from operations of $309M
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18:02 EDTSTLDSteel Dynamics sees 'improved financial results' in 2H15
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18:01 EDTSTLDSteel Dynamics reports Q2 adjusted EPS 22c, consensus 22c
Reports Q2 revenue $2.01B, consensus $1.98B.
15:01 EDTSTLDNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include IBM (IBM), consensus $3.78... Canadian National Railway (CNI), consensus $1.05... Crown Holdings (CCK), consensus $1.01... Zions Bancorp (ZION), consensus 38c... Hexcel (HXL), consensus 61c... Brown & Brown (BRO), consensus 44c... Steel Dynamics (STLD), consensus 22c... Werner (WERN), consensus 42c.
13:20 EDTAKSOptions with increasing put volume: CPN AKS HST BEN TTM
July 16, 2015
17:33 EDTSTLD, MT, AKSSteel Dynamics announces ITC preliminary decision on imports
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16:00 EDTXOptions Update; July 16, 2015
iPath S&P 500 VIX Short-Term Futures down 1.17 to 16.52 Option volume leaders: NFLX AAPL BAC FB F INTC C EBAY AMZN GM JPM MU PFE BABA JD X
15:43 EDTAKSAK Steel applauds ITC preliminary ruling in corrosion-resistant steel proceeding
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July 15, 2015
12:02 EDTX, NUE, STLD, AKSAllegheny Technologies dives after slashing Q2 outlook, peers follow
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