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Stock Market & Financial Investment News

News Breaks
July 3, 2013
07:05 EDTX, STLD, NUE, CMCKeyBanc would not be short Steel sector short-term following OCTG petition
Yesterday, numerous domestic carbon tube producers filed a petition with the U.S. Department of Commerce and the International Trade Commissions seeking anti-dumping relief of certain oil country tubular goods, or OCTG, from nine countries. KeyBanc said the petition is a broad positive in regards of industry sentiment, especially for Hold rated U.S. Steel, and could result in other carbon-based product producers to seek protectionist measures if the petition is found to cause injury. The analyst remains selective on Carbon Steel names but would not be short the Steel sector short-term given the potential outcomes of the petition.
News For X;STLD;NUE;CMC From The Last 14 Days
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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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07:45 EDTXU.S. Steel CEO says more radical restructuring may still lie ahead, WSJ reports
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September 19, 2014
13:55 EDTXU.S. Steel price target raised to $53 from $41 at Argus
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07:30 EDTNUE, STLD, XRussia'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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16:00 EDTXOptions Update; September 17, 2014
iPath S&P 500 VIX Short-Term Futures down 24c to 27.63. Option volume leaders: AAPL TSLA BAC TWTR AMZN X WLT KO PBR according to Track Data.
14:36 EDTXU.S. Steel price target raised to $60 from $40 at Deutsche Bank
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12:08 EDTNUE, STLD, XSteel stocks rally as U.S. Steel, Nucor provide improved outlooks
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11:52 EDTXStocks with call strike movement; X GILD
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10:12 EDTXU.S. Steel rallies sharply following Q3 update, levels to watch
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09:36 EDTXActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL WFM X YHOO TSLA TWTR RAX SHLD SPLS
09:10 EDTXOn The Fly: Pre-market Movers
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08:35 EDTNUENucor: Overall operating performance at steel mill improved in Q3
The company said it expects increased profitability in sheet, structural, bar and plate steel. Structural steel had no major outages in the third quarter, as compared to the planned three week outage at Nucor-Yamato Steel in the second quarter associated with our $115M sheet piling capital project. The strongest markets for the steel mills continue to be manufactured goods, including energy and automotive. Though third quarter results are expected to be much improved from the second quarter, imports remain at high levels, applying downward pressure on pricing. The performance of the fabricated construction products businesses is expected to improve compared to the second quarter of 2014, reflecting improving conditions in the nonresidential construction markets. Although nonresidential construction markets are at historically low levels, they are improving. The performance of the raw materials segment includes an anticipated operating loss of $27M at our direct reduced iron plant in St. James Parish, Louisiana.
08:33 EDTXU.S. Steel price target raised to $58 from $47 at Goldman
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08:32 EDTNUENucor sees Q3 EPS 70c-75c, consensus 61c
Projected Q3 results include estimated LIFO credit of $14.5M. Included in the projected third quarter results is an estimated $12M related to the partial write down of assets within the steel mills segment.
08:19 EDTXU.S. Steel remains top pick in steel space, says Cowen
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06:18 EDTXU.S. Steel volatility expected to move after updating Q3 outlook
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