Nucor Flexes Steel-Sector Muscles With Buy, Guidance
at Investor's Business Daily - Mon Sep 22, 3:26PM CDT
Shares of Nucor rose sharply last week after the steel maker announced a major buyout and guided a bullish third quarter, continuing a rebound that has the firm eyeing its first annual sales and profit gains in three years. Nucor (NUE) makes steel...
Nucor (NUE) Buying Gallatin Steel in $770M Deal - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Sep 17, 5:32PM CDT
Nucor (NUE) has agreed to buy Gallatin Steel Company from ArcelorMittal and Gerdau for roughly $770 million.
U.S. Steel, Nucor Lead Sector Surge
at Investor's Business Daily - Wed Sep 17, 11:12AM CDT
The steel sector got a shot in the arm on strategic moves by U.S. Steel (X) and upbeat guidance from Nucor (NUE) amid strong sales by steel makers to auto, housing and industrial customers. Nucor early Wednesday guided for current quarter EPS of...
Gerdau S.A. to Sell 50% Interest in Gallatin Steel to Nucor - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Sep 17, 11:00AM CDT
Gerdau S.A. (GGB) has agreed to sell 50% interest in Gallatin Steel Company to Nucor Corporation (NUE). The news lifted the company's ADR price by 0.4% since Sep 15.
Nucor's New Buy To Boost Flat-Rolled Capacity By 16%
at Investor's Business Daily - Mon Sep 15, 1:19PM CDT
Steel producer Nucor is acquiring a flat-rolled products mill for $770 million, expanding its footprint in the Midwest and boosting flat-rolled capacity by 16%. Nucor (NUE) is buying Kentucky-based Gallatin Steel from ArcelorMittal (MT) and Gerdau...
After Yesterday's Decline of 1.10%, Gerdau Offers Investors Better Value
Comtex SmarTrend(R) - Thu Sep 11, 5:20PM CDT
Gerdau (NYSE:GGB) traded in a range yesterday that spanned from a low of $5.34 to a high of $5.44. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $5.39 on volume of 8.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Technical Scrutiny on Materials Sector Stocks -- International Paper, KapStone Paper and Packaging, North American Palladium, Gerdau, and Hi-Crush Partners
PR Newswire - Tue Sep 09, 7:35AM CDT
On Monday, September 08, 2014, the NASDAQ Composite ended at 4,592.29, up 0.20%, the Dow Jones Industrial Average finished the day 0.15% lower at 17,111.42, and the S&P 500 closed at 2,001.54, down 0.31%. The losses were broad based as eight out of ten sectors ended the session in negative. The S&P 500 Materials Sector Index ended the day at 317.23, down 0.43%, while the index has advanced 2.19% in the last one month. Investor-Edge has initiated coverage on the following equities: International Paper Company (NYSE: IP), KapStone Paper and Packaging Corporation (NYSE: KS), North American Palladium Ltd (NYSE MKT: PAL), Gerdau S.A. (NYSE: GGB), and Hi-Crush Partners LP (NYSE: HCLP). Free research on these five companies can be accessed at:
Steel Dynamics Reinforces To Grow As Markets Pick Up
at Investor's Business Daily - Thu Aug 28, 5:14PM CDT
Steel Dynamics is on a roll, thanks to renewed demand for steel and its plan for a transformational acquisition that would expand its presence in the southern U.S., bolster its production capacity and broaden its exposure to growth industries. The...
After Yesterday's Rally of 1.52% Shares Could Potentially Pullback
Comtex SmarTrend(R) - Wed Aug 27, 5:17PM CDT
Gerdau (NYSE:GGB) traded in a range yesterday that spanned from a low of $5.93 to a high of $6.05. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $5.97 on volume of 5.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Sell These 5 Toxic Stocks Before It's Too Late
at The Street - Fri Aug 15, 6:56AM CDT
It's time to unload these toxic stocks from your portfolio.
Gerdau Set to Possibly Rebound After Yesterday's Selloff of 1.54%
Comtex SmarTrend(R) - Tue Aug 12, 5:27PM CDT
Gerdau (NYSE:GGB) traded in a range yesterday that spanned from a low of $5.74 to a high of $5.82. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $5.76 on volume of 3.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Earnings Briefing - Gerdau
PR Newswire - Tue Aug 05, 8:30AM CDT
Investor-Edge.com has issued complimentary post-earnings coverage on Gerdau S.A. (NYSE: GGB) as the company announced its earnings results on Wednesday, July 30, 2014. Gerdau S.A. reported a 5.70% Y-o-Y growth in net revenues and a 6.90% Y-o-Y growth in physical sales in North America in the second quarter of 2014. Our free coverage report can be accessed at:
Technical Roundup on Materials Sector Stocks -- Research on Owens-Illinois, Rock-Tenn, Gerdau, and ArcelorMittal
PR Newswire - Tue Jul 15, 7:50AM CDT
On Monday, July 14, 2014, the NASDAQ Composite ended at 4,440.42, up 0.56%, the Dow Jones Industrial Average finished the day 0.66% higher at 17,055.42, and the S&P 500 closed at 1,977.10, up 0.48%. The gains were broad based as nine out of ten sectors ended the session in positive. The S&P 500 Materials Sector Index ended the day at 313.27, up 0.01%, and the index has advanced 7.07% in the previous three months. Investor-Edge has initiated coverage on the following equities: Owens-Illinois Inc. (NYSE: OI), Rock-Tenn Co. (NYSE: RKT), Gerdau S.A. (NYSE: GGB) and ArcelorMittal (NYSE: MT). Free technical research on OI, RKT, GGB and MT can be downloaded upon signing up at:
5 Toxic Stocks You Need to Sell in July
at The Street - Fri Jul 11, 10:51AM CDT
Here's a technical look at five stocks that could be downright toxic to your portfolio this summer.
Downgrade Alert for Gerdau (GGB)
Comtex SmarTrend(R) - Thu Jul 10, 7:57AM CDT
Gerdau (NYSE:GGB) was downgraded from Overweight to Neutral at JP Morgan today. The stock closed yesterday at $6.29 on volume of 3.7 million shares, below average daily volume of 4.9 million. Gerdau S.A. manufactures steel. The Company produces crude, long, specialty, rolled, and drawn steel products. Gerdau manufactures its steel primarily in mini-mills. The Company operates in Brazil, Uruguay, Chile, Argentina, Canada, and the United States.
Is This 100-Year-Old Company Poised for a Comeback?
Sean Dalton, The Motley Fool - Motley Fool - Tue Jun 17, 8:39AM CDT
Approaching its 100 year anniversary should be a point of celebration for Commercial Metal Corporation . Founded in 1915, this company has grown from a single steel recycling location to a multinational conglomerate with 200 locations in 20...
Downtrend Call Working As Gerdau Stock Falls 10.6% (GGB)
Comtex SmarTrend(R) - Mon Mar 31, 9:33AM CDT
SmarTrend identified a Downtrend for Gerdau (NYSE:GGB) on January 21st, 2014 at $7.19. In approximately 2 months, Gerdau has returned 10.65% as of today's recent price of $6.42.