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Why Mining and Metal Stocks Are Setting New Highs
Since bottoming out last March, metal stocks have been on a nearly unbroken march higher. Copper and aluminum futures trade at around 80% and 38% higher, respectively, than they did a year ago, while...
View ArticleTop Analyst Upgrades and Downgrades: Airbnb, Amex, Arch Capital, Carlyle,...
The futures traded solidly higher on Tuesday morning as investors return to action from the long weekend and the Martin Luther King Jr. holiday. With fourth-quarter earnings reports ready to start...
View ArticleTop Analyst Upgrades and Downgrades: American Eagle, Baidu, GameStop,...
The futures traded lower on Monday as Wall Street returns for a full week of trading and more review of President Biden’s plans for the first 100 days of his administration, which already includes a...
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7 Metals Stocks Looking Good for Potential $2 Trillion Infrastructure Spending
Since bottoming out a year ago, metal stocks have been on a nearly unbroken march higher. The NYSE American Steel Index has nearly tripled since last March, copper futures essentially have doubled and...
View ArticleThursday’s Top Analyst Upgrades and Downgrades: AT&T, Abbott Labs, Beyond...
The futures were up across the board Thursday, after another tug-of-war day on Wednesday that saw the S&P 500 and the Nasdaq post solid gains, while the Dow Jones industrials ended flat. Earnings...
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Earnings Previews: ArcelorMittal, Hut 8
As more companies confirm their plans, the number of those on deck to report quarterly earnings this week has swelled to more than 1,000. None of the four companies we previewed that reported results...
View ArticleEarnings Previews: ArcelorMittal, Coca-Cola, Peabody Energy, Twitter
Markets closed flat to lower on Monday, primarily due to some heavy last-minute selling. Out of 22 companies we tracked that reported earnings after markets closed, 10 missed revenue expectations and...
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Why Moody’s Turned Negative on Metals and Mining Stocks
In an outlook report issued Thursday, Moody’s Investors Service lowered its 12-month sector rating on metals and mining stocks from stable to negative. The rating change reflects Moody’s expectations...
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The 52-Week Low Club for Friday
September 4, 2015: Here are four stocks trading with heavy volume among 169 equities making new 52-week lows today. Just a reminder: U.S. markets are closed Monday, September 7, for the Labor Day...
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Top Analyst Upgrades and Downgrades: AT&T, BioCryst, Eli Lilly, Facebook,...
Stocks were up yet again on Friday, making for one serious move, with the Dow up about 1,000 points from the lows of just last Friday. Investors have proven over and over that they will buy the top...
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Top Analyst Upgrades and Downgrades: AbbVie, Alphabet, Amazon, Apple,...
Stocks were jumping higher yet again, on the heels of Thursday’s “telegraph of more quantitative easing” from the European Central Bank and from very strong earnings out of the tech giants. Yet again,...
View ArticleThe 52-Week Low Club for Wednesday
November 25, 2015: Here are four stocks trading with heavy volume among 48 equities making new 52-week lows today. TerraForm Power Inc. (NASDAQ: TERP) dropped about 23.8% on Wednesday to post a new...
View ArticleThe 52-Week Low Club for Wednesday
December 2, 2015: Here are four stocks trading with heavy volume among 110 equities making new 52-week lows today. Kinder Morgan Inc. (NYSE: KMI) dropped about 9% on Wednesday to post a new 52-week low...
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Top Analyst Upgrades and Downgrades: Boeing, CVS, DuPont, Fitbit, LifeLock,...
Stocks were indicated lower on Friday after Thursday’s sell-off. While December and 2015 have proven to be quite choppy, the reality is that investors have bought every single large pullback. The...
View ArticleTop Analyst Upgrades and Downgrades: Amex, Cheniere, Goldcorp, Microsoft,...
Stocks tried to stabilize on Monday, and Tuesday’s early indications were for Dow and S&P 500 futures to be up almost 1%. Last week’s sell-off may have been the worst opening week for stocks for...
View ArticleArcelorMittal Wants to Raise $3 Billion
ArcelorMittal (NYSE: MT), the world’s largest steelmaker, revealed fourth-quarter and full-year 2015 results Friday morning, and the view was anything but pretty. The company’s net loss for the year...
View ArticleTop Analyst Upgrades and Downgrades: Annaly Capital, Barrick, Cheniere,...
Stocks were indicated to open slightly lower on Tuesday, after several days of rallying. Now the question is if the investing community will resume selling into rallies or whether the old 2011 to 2015...
View ArticleSteel Downgrades Met by Severe Global Steel Production Declines
When United States Steel Corp. (NYSE: X) was downgraded to Market Perform from Outperform at Cowen, something more should have stood out for the entire steel sector. Where there is smoke there is fire,...
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Top Analyst Upgrades and Downgrades: Adobe, Best Buy, Fitbit, Home Depot,...
Stocks were indicated marginally higher on the last day of the quarter, with the Dow coming into Thursday up about 300 points year to date. With stocks positive in 2016, negating the first six to seven...
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Top Analyst Upgrades and Downgrades: Arcelor Mittal, Chesapeake Energy,...
Stocks were indicated higher on Tuesday, but that is after Monday’s sharp gains turned into a small loss. The market is still barely hanging positive so far for the year, and investors have to decide...
View ArticleTop Analyst Upgrades and Downgrades: Arcelor Mittal, Citigroup, 3M, NetApp,...
Stocks hit their highs of 2016 last week but closed down marginally on Friday. Futures were indicated lower on Monday after the OPEC meeting failed to win a real outcome. The trend that has come back...
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Top Analyst Upgrades and Downgrades: ArcelorMittal, Boeing, Intel,...
Stocks were indicated higher yet again on Wednesday, with the Dow over 18,000 and the S&P 500 back at 2,100. The memories of all the selling pressure during the first six weeks of 2016 are fading...
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Is the Third ArcelorMittal Analyst Upgrade in 2 Weeks the Charm?
It is no secret that the metals and commodity space has been enjoying a significant rally since the lows in January and February of 2016. Now that rally has gone so far that even many of the metals...
View ArticleArcelorMittal Loss Narrows, but Worse Than Expected
ArcelorMittal (NYSE: MT), the world’s largest steel company, reported first-quarter results Friday, and the good news is that loss per share was down both year over year and sequentially. The better...
View ArticleWhy Cliffs Stock Soared 40% Tuesday
Iron ore miner Cliffs Natural Resources Inc. (NYSE: CLF) announced Tuesday morning that it has signed a 10-year agreement with the U.S. division of ArcelorMittal (NYSE: MT) to supply iron ore pellets...
View ArticleCliffs to Natural Resources Restart Minnesota Mine 2 Months Early
Iron ore miner Cliffs Natural Resources Inc. (NYSE: CLF) announced Thursday that it will reopen its United Taconite mine north of Duluth, Minnesota, in August, two months ahead of its previously...
View ArticleTop Analyst Upgrades and Downgrades: Citrix Systems, Enbridge Energy...
The stock market hit new highs in July, and the first day of August was calling for stocks to be up marginally. Even with the S&P 500 trading at 17.8 times forward earnings, investors are looking...
View ArticleTop Analyst Upgrades and Downgrades: AK Steel, Allergan, ArcelorMittal,...
Stocks may be at all-time highs, but a lack of catalysts has shares soft on Friday. Low interest rates and a lack of other asset classes offering a return keep pushing investors toward stocks. The bull...
View ArticleCliffs Stock Getting Battered Again
Since that fateful day earlier this month when Cliffs Natural Resources Inc. (NYSE: CLF) announced the sale of 3.5 million new shares of the company’s stock, the share price has dropped from its...
View ArticleInfrastructure Build-Out and Energy Recovery Huge for 5 Top Steel Stocks
Despite the recent volatility in the markets, and the failure of the Trump administration to push through a repeal and replace of Obamacare, things seem to be looking up for the economy. Fourth-quarter...
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10 Credit Suisse Top European Stock Picks for US Investors
The U.S. stock market is currently sitting at all-time highs, and investors have to keep in mind that this bull market is now nearly nine years old. For about five years now, investors have managed to...
View Article4 Steel and Mining Stocks to Buy That Should Benefit From US Infrastructure Plan
The U.S. steel industry has bounced back in a big way and the current administration’s tough stance on fair trade has had an impact. However, the biggest impact has come from China, where output has...
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4 Steel Stocks to Buy as Demand and Tariffs Are Huge
Despite some of the scorn and shade thrown at the president when he suggested the potential for steel tariffs, he’s hardly the first president to call for or implement them. Despite the concerns of...
View ArticleSteelmaker ArcelorMittal Beats Estimates, Sticks With Outlook
ArcelorMittal (NYSE: MT) reported first-quarter results before European markets opened Friday. The steelmaker reported basic earnings per share of $1.17 on revenues of $19.19 billion. Net profit for...
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Top Analyst Upgrades and Downgrades: AT&T, Charter Communications, Comcast,...
The futures traded higher again Thursday morning as investors continue to digest not only some sparkling economic data but the possibility for perhaps a breakthrough with China on trade talks. With...
View ArticleWhat Nucor, Steel Dynamics Earnings Indicate About the Industry and Tariffs
Steelmakers Nucor Corp. (NYSE: NUE) and Steel Dynamics Inc. (NASDAQ: STLD) have now reported third-quarter results, and reports are due from Arcelor Mittal (NYSE: MT), AK Steel Holding Corp. (NYSE:...
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Steel Demand and Prices Expected to Jump for Rest of 2019: 5 Top Stocks to Buy
Despite the doom and gloom about the trade war between the United States and China, discussion of a big-time infrastructure package for the country is making the rounds in Washington, D.C. While the...
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US Steel Gets Burned by Updated Guidance
United States Steel Corp. (NYSE: X) shares dropped sharply on Thursday after the firm cut the guidance for its third quarter. Looking at the chart, it’s not surprising that this stock is headed even...
View ArticleTop Analyst Upgrades and Downgrades: Bluebird Bio, Ciena, CommVault, Dollar...
Stocks were indicated to open marginally higher on Wednesday after Tuesday’s sell-off. Investors have to be wondering if the stock market has rebounded too much or if the trillions of stimulus dollars...
View ArticleCleveland-Cliffs Getting More Vertical With ArcelorMittal USA Acquisition
Iron ore miner Cleveland-Cliffs Inc. (NYSE: CLF) announced late Sunday that it will pay $1.4 billion to acquire the U.S. operations of ArcelorMittal S.A. (NYSE: MT). The transaction includes a cash...
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Top Analyst Upgrades and Downgrades: AutoZone, Discover, IBM, Microsoft,...
Stocks were indicated higher on Monday, showing that the trend of buying the dips and the sell-offs after four years has not died. 24/7 Wall St. reviews dozens of analyst research reports each morning...
View ArticleTop Analyst Upgrades and Downgrades: athenahealth, AT&T, Cepheid, Chevron,...
Stocks were looking for direction on Wednesday, but that is after a very strong gain on Tuesday. Investors have proven that they will buy stocks on pullbacks for four years now, or will buy into...
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Top Analyst Upgrades and Downgrades: Apple, Freeport-McMoRan, Kinross Gold,...
Stocks were getting pounded on Tuesday. The selling pressure seems to not have an end in 2016, even after investors successfully bought every dip for over four years. It still seems that investors will...
View Article15 Euro Stocks That Lost Over 10% to 25% After Brexit Shock
Thursday’s unexpected U.K. vote to walk out of the European Union shocked equity, currency, and commodities markets Friday. The dollar strengthened against both the euro and the British pound and that...
View ArticleTop Analyst Upgrades and Downgrades: AT&T, CenturyLink, Goldman Sachs,...
Stocks were indicated lower on Tuesday ahead of the election, but that followed a serious 371 point Dow gain and 46 point S&P 500 gain. For more than five years, investors have found different...
View ArticleTop Analysts Upgrades and Downgrades: Anadarko Petroleum, Bristol-Myers,...
Despite last week ending on a moderately lower note, the Trump rally rolled on for yet another week of gains for investors. With trading volume expected to dive as we get ready to enjoy the holidays...
View ArticleTop Analyst Upgrades and Downgrades: Aerojet Rocketdyne, Alcoa, Amazon,...
Stocks were indicated marginally lower on Friday ahead of several economic reports. This was the last day of the quarter, and the Dow was up 5.4% and the S&P 500 was up 6.1% so far in 2017....
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Top Analyst Upgrades and Downgrades: ArcelorMittal, Barclays, Cree,...
Stocks were indicated to open lower on Friday. While there has been a big bounce off last week’s lows, investors have seen lower upside after buying immediately after the big market pullbacks than in...
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Thursday’s Top Analyst Upgrades and Downgrades: AMD, ArcelorMittal, Baker...
The futures were trading lower on Thursday as investors focused on Federal Reserve Chair Jay Powell’s comments to Congress, especially when discussing the recent inflation readings, which are coming in...
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Friday’s Top Analyst Upgrades and Downgrades: Abbott Labs, AT&T, Chewy,...
The futures were down big across the board Friday, after a wild and wooly week on Wall Street. All eyes and ears on Wall Street were focused on Federal Reserve Chair Powell this week as he confirmed...
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