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mining

Merrill Lynch Lists Specialty Metals and Mining Stocks to Buy

Posted: May 21, 2013 at 8:15 am

Last week Merrill Lynch hosted its 30th annual Metals and Mining conference in Barcelona Spain. While there was an overall positive tone at the conference, the big miners left investors ...
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mining

What Weak Caterpillar Outlook Means to Global Mining and Metals in 2013

Posted: April 22, 2013 at 10:15 am

It was just at the end of last week that we gave a pre-earnings update for Caterpillar Inc. (NYSE: CAT) in our DJIA earnings season scorecard, warning that the market ...
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Bull and Bear figures

24/7 Wall St. Closing Bell — April 18, 2013: Markets Cool on Jobs, Manufacturing Data

Posted: April 18, 2013 at 4:05 pm

U.S. equity markets opened slightly higher this morning following the report on U.S. jobless numbers (more coverage here). In Europe, the only data out today showed that U.K. retail sales ...
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Bull and Bear figures

24/7 Wall St. Closing Bell — April 17, 2013: Markets Open Down, Track Lower All Day

Posted: April 17, 2013 at 4:05 pm

U.S. equity markets opened lower this morning following a downturn in Europe and mixed markets in Asia. Data releases were limited everywhere today as well. In Asia, a weaker yen ...
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Bull and Bear

Argus Makes Model Portfolio Changes (NUE, HCP, MDT, AMGN, HUM, ADI, JNPR, ELX, IPG)

Posted: April 11, 2013 at 8:15 am

Argus offers what is truly considered to be independent investment research. This gives the firm the lack of any or most of the traditional conflicts of interest that can be the ...
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Pouring molten steel

Steelmakers’ Earnings Not So Bad (X, NUE, AKS)

Posted: January 29, 2013 at 10:31 am

Three U.S. steelmakers reported earnings before markets opened this morning. AK Steel Holding Corp. (NYSE: AKS), United States Steel Corp. (NYSE: X) and Nucor Corp. (NYSE: NUE). Given all the ...
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Pouring molten steel

Mining, Steel Stocks Surging in Premarket

Posted: January 2, 2013 at 9:24 am

Now that the United States has dodged the fiscal cliff, investors are expecting at least a boomlet in manufacturing and production. That means more energy and more basic materials. Coal ...
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close-up of red hot iron beams

Steel Makers to Take Advantage of Cheap U.S. Natural Gas

Posted: December 31, 2012 at 12:13 pm

Low prices for natural gas have led to lower demand for coal as a fuel for electricity generation and to wider margins for chemical products makers. Now it looks like ...
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Pouring molten steel

Steel Maker Nucor Warns on Earnings

Posted: December 18, 2012 at 9:47 am

Another earnings warning is out this morning, this time from one of the largest U.S. steel makers. Nucor Corp. (NYSE: NUE) this morning lowered its fourth-quarter diluted earnings per share ...
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More Downside for Steelmaker

Posted: November 27, 2012 at 10:29 am

Steelmaker and recycler Schnitzer Steel Industries Inc. (NASDAQ: SCHN) said today that it expects net income for its first fiscal quarter of 2013 ending this month to be breakeven before ...
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Lower Steel Demand Takes Toll on Iron Ore Producer

Posted: November 20, 2012 at 2:34 pm

Cliffs Natural Resources Inc. (NYSE: CLF), a major producer of iron ore from mines in North America, Brazil, and Australia, has idled some of its North American ore production and ...
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Steelmakers Get Another Knockdown (AKS, NUE, STLD, X, MT, SCHN)

Posted: October 23, 2012 at 11:43 am

Steelmaker AK Steel Holdings Corp. (NYSE: AKS) reported quarterly earnings today and the results that were better than expected, but earnings per share (EPS) still came in negative. AK Steel ...
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U.S. Prevails in Steel Trade Case with China

Posted: October 18, 2012 at 2:16 pm

The World Trade Organization (WTO) ruled today that the U.S. did not illegally dump a type of specialty steel into the Chinese market beginning in 2010. China imposed 19.5% tariffs ...
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Steel Industry Outlook Turns Negative

Posted: September 27, 2012 at 12:49 pm

Saying that demand will be soft and prices will be low, Moody’s today changed its outlook for the U.S. steel industry to ‘negative’, indicating that conditions in the steel business ...
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Analyst Drops Coal and Steel in Favor of Aluminum (BTU, WLT, NUE, ANR, ACI, ATI, RS, KOL)

Posted: September 24, 2012 at 12:31 pm

The coal sector may not yet have found a bottom, or at least the prior gains from the bottom may be short-lived. That is the word from Bank of America/Merrill ...
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