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Stock Market & Financial Investment News

News Breaks
January 22, 2013
08:53 EDTZEUS, SCHN, STLD, X, AKSU.S. Steel and Schnitzer Steel have most risk to downside, says Goldman
Goldman said recent multiple expansion in the Steel sector is unwarranted given weak supply-demand fundamentals. The analyst sees significant downside risk to Sell rated U.S. Steel (X) and Schnitzer Steel (SCHN) as well as Neutral rated AK Steel (AKS), and Steel Dynamics(STLD), and Olympic Steel (ZEUS).
News For X;SCHN;AKS;STLD;ZEUS From The Last 14 Days
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June 29, 2015
15:23 EDTSCHNNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Schnitzer Steel (SCHN), consensus (14c).
14:26 EDTSCHNSchnitzer Steel technical notes ahead of earnings news
The stock has been in a rounding bottom uptrend since hitting lows in late April. If the news is positive or exceeds current bullish expectations, the rounding pattern could continue to develop. The pattern would be complete at the $23 area, with $20.28, $21.59, and $22.42 as resistance levels on the way up. If the news is a bearish surprise, the 50-day moving average at $18 would be the first significant support. A breakdown below the 50-day would snap the current uptrend, with next supports at $17.32 and $16.54.
June 25, 2015
10:42 EDTXU.S. Steel June weekly calls active
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June 22, 2015
12:33 EDTX, AKS, STLDSteel stocks lag market after AK Steel sees Q2 results hindered by imports
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07:32 EDTSTLDSteel Dynamics sees Q2 steel ops profitability to be similar to Q1
Improved second quarter 2015 shipments will be offset by unexpected metal margin compression, driven by steel imports remaining much higher than originally anticipated, resulting in average quarterly steel prices decreasing more than average quarterly scrap prices. The benefit of reduced scrap pricing was realized in the second quarter; but, the continued flood of steel imports thus far in 2015 continued to pressure steel product pricing to a greater degree. However, steel pricing has recently begun to stabilize and domestic steel demand remains solid. Continued demand for the company's fabricated steel joist and decking products indicates the non-residential construction market is continuing a positive trend. Second quarter 2015 profitability from the company's fabrication operations is expected to be higher than near-record sequential first quarter 2015 results. Metals recycling financial results are also expected to be higher for the second quarter 2015, compared to the sequential first quarter, based on both increased shipments and metal margin, as pricing volatility subsided.
07:31 EDTSTLDSteel Dynamics sees Q2 adjusted EPS 20c-24c, consensus 24c
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June 19, 2015
17:33 EDTAKSAK Steel sees Q2 EPS (42c)-(37c), consensus (27c)
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June 18, 2015
07:51 EDTSTLDSteel Dynamics reiterated as a top pick in steel sector at Cowen
Cowen reiterated Steel Dynamics as a top pick in the steel sector, citing the potential for efficiency improvements in its Columbus mill, strong demand and the falling rate of imports. Cowen reiterated its Outperform rating and $27 price target on Steel Dynamics shares.
June 17, 2015
19:55 EDTXU.S. Steel CEO: 'everything on the table' in trying to save company, WSJ says
U.S. Steel CEO Mario Longhi stated that "everything is on the table," including layoffs and changes to its manufacturing process, in trying to save the company, reports the Wall Street Journal. Reference Link
June 15, 2015
16:38 EDTAKSAK Steel announces price increase for carbon steel products
AK Steel announced that it will increase current spot market base prices for all carbon flat-rolled steel products by a minimum of $20 per ton, effective immediately with new orders.

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