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…
Earnings season is in full swing and we have many key reports due in the coming week. 24/7 Wall St. has provided some detailed previews for the key earnings reports we expect…
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…
Equity markets got off to a good start this morning as all three major US stock indexes opened higher on the news that the Greek parliament had approved a new round of…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Monday morning. Abercrombie & Fitch Company (NYSE: ANF) Reiterated Buy with $70…
Tuesday is going to be full of major earnings reports, two of which are DJIA components. These are not the only major earnings, but ten we will be watching closely are as…
United States Steel Corporation (NYSE: X) is already signaling that things are better. You will have to decide whether it buckled to pressure from workers on your own or not, but the…
Jon C. Ogg US coal miner Patriot Coal Corp. (NYSE: PCX) said this morning that it was closing three of its contractor-operated coal mines and two production units in West Virginia “in response to weaker…
Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) is set to report earnings on January 9, 2012, but the company has already telegraphed that the results will be a stinker. It has lowered guidance…
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:…
Although the month of October put up a big gain in the S&P 500 stocks, for the year-to-date S&P stocks have risen just 1.2%. The ten worst performers have all lost more…
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…
Jon OggThese are some of this Tuesday’s top analyst upgrades, downgrades, and initiations seen having an impact from Wall Street research calls. Activision Blizzard, Inc. (NASDAQ: ATVI) Started as Buy at Citigroup.…
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;…
