Goldman Sachs is out with a call covering the steel stocks. We’ll be keeping this one shortened to keep it in a summary format. Goldman is noting that US STEEL PRICES ARE SET TO…
When you see sectors that have been key leaders fall it’s often just another buying opportunity. But when you start seeing an exodus you have to wonder if letting the good times roll is…
Alcoa, Inc. (NYSE: AA) is set to report earnings today. First Call has estimates at $0.33 EPS on $6.92 Billion in revenues. Next quarter’s estimates are $0.60 EPS on $7.03 Billion in revenues. If…
Standard & Poors took an already unenthusiastic "Hold" rating on U.K.-based metals giant Rio Tinto (NYSE:RTP) ADR’s down to the beloved "Sell" rating. This was after a 29% pre-market gain in share prices based…
Allegheny Technologies Incorporated (NYSE:ATI) said today that it expects full-year 2007 earnings per share to be in the range of $7.00 to $7.25 per diluted share in anticipation of lower second half 2007 earnings…
It is hard to get too excited about metals and aluminum companies when technology and IT stocks are putting in new high after new high. Regardless, ALCOA (NYSE:AA) is set to lead off the…
On tonight’s MAD MONEY on CNBC, Jim Cramer reviewed a stock that offers both protection and upside: Barrick Gold (NYSE:ABX) has the most upside according to Cramer in gold stocks. The weak dollar is…
Steel Dynamics, Inc. (NASDAQ:STLD) has entered a definitive agreement whereby Steel Dynamics will acquire privately held OmniSource Corp. in a deal that has been approved by the board of directors of both companies. This…
BHP Billiton Ltd. (NYSE:BHP) is seeing shares up more than 5% in pre-market activity at $76.65 at what will be new 52-week highs for its ADR’s. The word is out that the world mining…
Meridian Gold Inc. (NYSE:MDG) has announced that its Board of Directors unanimously recommends that shareholders reject the amended unsolicited offer by Yamana Gold Inc. (NYSE:AUY) and not tender any of their shares after it…
What is the one sector that is viewed as a safe haven in scary times? Outside of water it’s gold, and gold is easier to invest in than water as far as the stock…
On today’s STOP TRADING segment on CNBC, Jim Cramer said you need to lay back and look at the smaller sub-$5 Billion stocks in the metals sector since it looks like the huge mergers…
After Nucor Corp. (NUE-NYSE) lowered guidance, Goldman Sachs has decided to withdraw it from the Americas Conviction Buy List. It notes that the stock appears undervalued to the $71.00 price target and it is…
Stock Tickers: NUE, STLD, X, RS, AKS Nucor Corp. (NUE-NYSE) has a bit of a surprising news this morning: a steel company issuing an earnings warning. It now expects that earnings for the second…
Alcoa Inc. (AA-NYSE) recently made an unsolicited offer to acquire Alcan Inc. (AL-NYSE), but after today’s close Alcan formally notified Alcoa that the offer was inadequate and not in the best interests of Alcan…