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Stock Market & Financial Investment News

News Breaks
February 20, 2014
07:16 EDTUPS, D, NSC, TSO, NUEU.S. Chamber of Commerce to hold a summit
Transportation Infrastructure Summit 2014 is being held in Washington, D.C. on February 20.
News For TSO;D;NUE;NSC;UPS From The Last 14 Days
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July 6, 2015
08:39 EDTNSCStephens cuts estimates, price targets for Class I rail operators
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July 2, 2015
09:25 EDTTSOTesoro management to meet with JPMorgan
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July 1, 2015
15:32 EDTDDominion Virginia Power asks SCC to approve Greensville power station
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05:53 EDTTSOStocks with implied volatility movement; TSO FEYE
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June 30, 2015
14:34 EDTNUEIron ore producers slide after Australia cuts price target on the commodity
Shares of iron ore producers are falling after Reuters reported that Australia reduced its 2015 price forecast for iron ore to $54.40 a tonne from $60.40 a tonne. According to Reuters, Australia's current projection on iron ore prices is based on its view that China, the commodity's main market, will produce less steel in 2015 and 2016 as as the seaborne supply of iron ore increases. PRICE ACTION: Cliffs Natural Resources (CLF) is down over 10%, BHP Billiton (BHP) is lower by 2.3%, and Vale (VALE) is down 4% in afternoon trading. Steel stocks, including United States Steel (X), AK Steel Holding (AKS), and Nuco (NUE) are also sliding in afternoon trading.
08:09 EDTNSCRail estimates need to come down further, says Citi
Citi analyst Christian Wetherbee noted that consensus estimates in the rail sector for Q2 EPS have fallen an average of 8% since the firm moved below consensus last month, but believes the numbers have to come down further. Wetherbee cut his Q2 estimates by another 5%, lowered Q3 by 4% and cut his forecast for 2016 EPS by 3% and lowered price targets on stocks in the space by 6% on average. Wetherbee added that he believes Union Pacific (UNP) and Norfolk Southern (NSC) have the highest the pre-announcement risk in the group and lowered his targets on those stocks, as well as for Canadian National (CNI), Canadian Pacific (CP), CSX (CSC) and Kansas City Southern (KSU).
June 29, 2015
13:47 EDTNSCSupreme court ruling could shift thermal coal sentiment, says Morgan Stanley
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10:51 EDTDSupreme Court overrules EPA regulations on power plant pollution, The Hill says
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June 26, 2015
17:51 EDTTSOFinal decision on Tesoro $210M railport project delayed until 2016, Reuters says
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June 22, 2015
12:33 EDTNUESteel stocks lag market after AK Steel sees Q2 results hindered by imports
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