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Stock Market & Financial Investment News

News Breaks
March 18, 2014
18:02 EDTSTLDSteel Dynamics sees Q1 EPS 13c-17c, consensus 28c
The company said the extreme cold weather across much of the United States, especially the Midwest, has had a significant negative impact on its Q1 financial results. The uncharacteristically severe and prolonged winter weather conditions have resulted in increased energy costs, diminished availability of transportation, reduced production and lower shipments. Profitability from the company's steel operations for Q1 is expected to be lower in comparison to earnings achieved in Q4. Both shipments and metal spreads are expected to be lower in Q1. Anticipated average quarterly product pricing is not expected to outpace increased scrap costs from material consumed early in the quarter. The weather has also negatively impacted production and sales for several key steel-consuming end markets, including automotive, construction and manufacturing. However, improvement in these end markets is anticipated as these consumers re-engage. In addition, order inquiry activity and resulting backlogs continue to improve at the company's fabrication operations. Metals recycling financial results are expected to show improvement for Q1 when compared to Q4 as decreased ferrous metal margins are expected to be offset by modest increases in shipments.
News For STLD From The Last 14 Days
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September 26, 2014
10:01 EDTSTLDOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actuant (ATU) downgraded to Market Perform from Outperform at FBR Capital... Air France-KLM (AFLYY) downgraded to Underperform from Hold at Jefferies... Beacon Roofing (BECN) downgraded at Longbow... China Unicom (CHU) downgraded to Hold from Buy at Deutsche Bank... Erickson (EAC) downgraded at Stifel... H.B. Fuller (FUL) downgraded to Neutral from Overweight at Piper Jaffray... Philip Morris (PM) downgraded at BofA/Merrill... Seadrill (SDRL) downgraded to Sell from Neutral at Goldman... Starwood Property (STWD) downgraded to Neutral from Buy at Compass Point... Steel Dynamics (STLD) resumed with a Neutral from Buy at Citigroup... Vale (VALE) downgraded to Neutral from Buy at Citigroup.
06:18 EDTSTLDSteel Dynamics resumed with a Neutral from Buy at Citigroup
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September 22, 2014
10:16 EDTSTLDOn The Fly: Analyst Initiation Summary
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08:57 EDTSTLDSteel Dynamics reinstated with a Buy at Goldman
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September 19, 2014
07:30 EDTSTLDRussia's top steelmaker weighs IPO of North American arm, WSJ says
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September 18, 2014
07:42 EDTSTLDSteel Dynamics expects demand trends to remain favorable, says UBS
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September 17, 2014
18:29 EDTSTLDOn The Fly: After Hours Movers
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16:33 EDTSTLDSteel Dynamics sees Q3 GAAP EPS 34c-38c, consensus 37c
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12:08 EDTSTLDSteel stocks rally as U.S. Steel, Nucor provide improved outlooks
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