Global demand for steel remains weak even as prices for iron ore rise slightly indicating that steelmakers could be in for another tough quarter. As if on cue, AK Steel Holding Corp.…
The single most important word in world markets for base metals and steel is “China.” With the slow-motion economic recovery in the global economy, the expected 8% or so growth in Chinese…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls. Arch Coal Inc. (NYSE: ACI) Cut to Sell at Goldman Sachs. Caesars Entertainment Corporation…
Steel maker Steel Dynamics Inc. (NASDAQ: STLD) today cut its EPS guidance by around 50% of the previous consensus estimate of $0.36. The company’s new forecast is for EPS of $0.15-$0.20. Nucor…
Steel-maker Nucor Corp. (NYSE: NUE) released guidance for its first quarter of 2012 that is about 50% less than consensus estimates. The company said that EPS for the first quarter would be…
Paul Ausick The metals and materials sector, including miners, has been hit hard by the weaker global economy. China’s manufacturing slowdown, the turmoil in Europe, and slow growth in the US have caused prices…
In mid-October, we took a look at target prices and implied gains among 11 metals and materials stocks. The companies we examined were United States Steel Corp. (NYSE: X), Nucor Corp. (NYSE:…
Each morning 24/7 Wall St. issued a list of some of the key analyst upgrades, downgrades, and initiations seen from Wall Street research firms. At the end of the week we review…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Wednesday morning. Alcatel-Lucent SA (NYSE: ALU) Cut to Underperform at Jefferies. Anadarko Petroleum…
Companies focused on mining and metals have been experiencing high volatility this year based on both the overall global economy and, in some cases, expected demand, especially from China. We have looked…
They’re Here! Next week will launch the corporate earnings season for the third quarter. The media is going to tell you that this is the most important earnings season in quite some…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Wednesday morning. Boston Scientific Corporation (NYSE: BSX) Reiterated Buy as Value at Zacks;…
24/7 Wall St. has been conducting a search for value stocks for investors. Our review today is around the base metals and industrial metals segment, a very cyclical segment compared to other…
The markets are currently shaky and investors are looking for cover. While many seek defensive stocks and while many seek high dividends to offer equity exposure with some safety, one area that…
Commodities news today features another processing plant acquisition, the latest projections on demand for steel, and more increases in the price of wheat. Gold and silver continue to make new highs today,…
