We noted earlier this morning that China’s National Development and Reform Commission has approved a plan to spend RMB1 trillion (about $158 billion) on infrastructure projects in an effort to boost growth…
Steelmaker Schnitzer Steel Industries Inc. (NASDAQ: SCHN) announced this morning that it would fire 300 workers in a restructuring the company said will save $25 million annually. The restructuring is expected to…
United States Steel Corp. (NYSE: X) is surging after its earnings report. While earnings were half of what they were a year ago, the report was “less bad” than analysts expected. The…
The three major US stock indexes opened roughly flat this morning as Spanish 10-year bond yields rose to 7.5% and Moody’s cut Germany’s outlook to ‘negative’ after the markets closed last night…
The three major US stock indexes opened lower this morning as Spanish 10-year bond yields rose sharply above 7% (our coverage here) and German magazine Der Spiegel published a story that suggested…
The three major US stock indexes opened lower this morning after Spanish bond yields rose above 7% again and the country’s Valencia region asked for central government assistance in paying its debts.…
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…
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…
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…
All three major US stock indexes opened higher this morning, and spent the rest of the day bouncing around the neutral line. The reports from retailers on same-store sales in January were…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Thursday morning. AK Steel Holding Corp. (NYSE: AKS) Cut to Underperform…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Tuesday morning. Beazer Homes USA, Inc. (NYSE: BZH) Cut to Underperform at…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Wednesday morning. Acme Packet, Inc. (NASDAQ: APKT) Cut to Neutral at…
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:…
