SmarTrend Watching for Potential Rebound in Shares of ArcelorMittal After 2.27% Loss
Comtex SmarTrend(R) - Mon Jun 13, 3:52PM CDT
ArcelorMittal (NYSE:MT) traded in a range yesterday that spanned from a low of $5.03 to a high of $5.22. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $5.23 on volume of 7.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
MT: 5.12 (-0.17)
Cliffs to Restart United Taconite, Raises 2016 Sales Outlook
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 8:02AM CDT
Cliffs Natural Resources Inc. (CLF) declared that it will will restart operations of the United Taconite mining facility (UTAC) in Minnesota in August.
TCK: 11.53 (+0.13), BHP: 26.85 (+0.12), CLF: 5.12 (-0.04), MT: 5.12 (-0.17)
Buy 5 Best Stocks with Accelerating Earnings
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 6:10AM CDT
Earnings acceleration is a profitable strategy as it considers both the direction and magnitude of growth rates.
BR: 63.15 (-0.39), GOLD: 94.66 (-0.07), HXL: 42.09 (-0.96), MT: 5.12 (-0.17), BOOM: 10.00 (+0.03)
Nucor & JFE Steel to Serve the Mexican Automotive Market
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 5:56AM CDT
Nucor Corporation (NUE) and JFE Steel Corporation of Japan have announced a 50-50 joint venture to build and operate a plant in Mexico that will supply sheet steel to the country's automotive market.
RYI: 14.02 (-0.98), NUE: 49.98 (-0.52), MT: 5.12 (-0.17), PKX: 45.08 (-1.20)
United Taconite reopening in August, 2 months early
By STEVE KARNOWSKI - AP - Thu Jun 09, 4:30PM CDT
MINNEAPOLIS (AP) — Cliffs Natural Resources brought more good news to northeastern Minnesota's Iron Range on Thursday when the company said it will restart operations in August at its United Taconite mining facilities, two months earlier than previously announced.
X: 17.10 (-0.17), MT: 5.12 (-0.17)
Shiloh Industries' (SHLO) Q2 Earnings Fall Y/Y, Revenues Up
Zacks Equity Research - Zacks Investment Research - Thu Jun 09, 10:28AM CDT
Shiloh Industries Inc. (SHLO) reported adjusted earnings of 19 cents per share for second-quarter fiscal 2016 (ended Apr 30, 2016), below earnings of 40 cents in the year-ago quarter. Net revenues grew 4.4% to $284.3 million.
RYI: 14.02 (-0.98), ZEUS: 25.67 (-0.07), SHLO: 8.22 (+0.02), MT: 5.12 (-0.17)
Why ArcelorMittal (MT) Stock Might be a Great Pick
Zacks Equity Research - Zacks Investment Research - Thu Jun 09, 7:51AM CDT
ArcelorMittal (MT) is seeing solid earnings estimate revision activity, and is a great company from a Zacks Industry Rank perspective.
MT: 5.12 (-0.17)
Cliffs to Gain from ArcelorMittal Deal, Debt & Cost Actions
Zacks Equity Research - Zacks Investment Research - Wed Jun 08, 6:53AM CDT
We have issued an updated research report on Cliffs Natural Resources Inc. (CLF).
TCK: 11.53 (+0.13), BHP: 26.85 (+0.12), CLF: 5.12 (-0.04), MT: 5.12 (-0.17)
LB Foster's Exposure to Price Fluctuations Raises Concerns
Zacks Equity Research - Zacks Investment Research - Tue Jun 07, 9:27AM CDT
On Jun 7, 2016, we issued an updated research report on premium railroads manufacturing firm LB Foster Co. (FSTR).
FSTR: 11.87 (-0.03), ZEUS: 25.67 (-0.07), MT: 5.12 (-0.17)
Watch for ArcelorMittal to Potentially Pullback After Gaining 1.90% Yesterday
Comtex SmarTrend(R) - Mon Jun 06, 3:25PM CDT
ArcelorMittal (NYSE:MT) traded in a range yesterday that spanned from a low of $5.29 to a high of $5.41. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $5.27 on volume of 11.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
MT: 5.12 (-0.17)
ArcelorMittal Rises 1.90% on Heavy Volume: Watch For Potential Pullback
Comtex SmarTrend(R) - Mon Jun 06, 3:23PM CDT
ArcelorMittal (NYSE:MT) traded in a range yesterday that spanned from a low of $5.29 to a high of $5.41. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $5.27 on volume of 11.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
MT: 5.12 (-0.17)
ETFs & Stocks to Buy from Top Ranked Sectors for Summer
Sweta Killa - Zacks Investment Research - Mon Jun 06, 9:20AM CDT
Summer has officially kicked off with feeble May job data that has pushed back the probability of a rate hike and raised volatility in the market.
PKB: 25.40 (-0.34), CRI: 101.57 (-0.15), TSN: 59.93 (-0.64), XME: 23.47 (unch), PEZ: 41.46 (-0.57), FXG: 46.98 (-0.71), DY: 82.62 (-2.14), MT: 5.12 (-0.17)
ArcelorMittal Rises 4.02% on Heavy Volume: Watch For Potential Pullback
Comtex SmarTrend(R) - Thu Jun 02, 1:18PM CDT
ArcelorMittal (NYSE:MT) traded in a range yesterday that spanned from a low of $4.93 to a high of $5.07. Yesterday, the shares gained 4.0%, which took the trading range above the 3-day high of $4.99 on volume of 10.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
MT: 5.12 (-0.17)
Watch for ArcelorMittal to Potentially Pullback After Gaining 4.02% Yesterday
Comtex SmarTrend(R) - Thu Jun 02, 1:16PM CDT
ArcelorMittal (NYSE:MT) traded in a range yesterday that spanned from a low of $4.93 to a high of $5.07. Yesterday, the shares gained 4.0%, which took the trading range above the 3-day high of $4.99 on volume of 10.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
MT: 5.12 (-0.17)
Cliffs to Supply Iron Ore to ArcelorMittal for 10 Years
Zacks Equity Research - Zacks Investment Research - Wed Jun 01, 6:21AM CDT
Cliffs Natural Resources Inc. (CLF) has announced a 10-year iron ore pellet supply agreement with ArcelorMittal USA LLC, part of ArcelorMittal (MT).
SCCO: 26.01 (+0.04), ALE: 60.76 (-0.05), CLF: 5.12 (-0.04), MT: 5.12 (-0.17)
The Zacks Analyst Blog Highlights: Nucor, U.S. Steel, AK Steel, Steel Dynamics and ArcelorMittal
Zacks Equity Research - Zacks Investment Research - Tue May 31, 8:30AM CDT
The Zacks Analyst Blog Highlights: Nucor, U.S. Steel, AK Steel, Steel Dynamics and ArcelorMittal
STLD: 25.61 (-0.27), NUE: 49.98 (-0.52), AKS: 4.87 (-0.09), X: 17.10 (-0.17), MT: 5.12 (-0.17)
Cliffs Natural Resources Inc. and ArcelorMittal USA LLC Enter Into New Long-term Iron Ore Supply Agreement through 2026
PR Newswire - Tue May 31, 7:30AM CDT
CLEVELAND, May 31, 2016 /PRNewswire/-- Cliffs Natural Resources Inc. (NYSE: CLF) announced today that it has entered into a new long-term commercial agreement with ArcelorMittal USA LLC to supply tailor-made iron ore pellets for the next ten years through 2026. The new agreement will replace two existing agreements expiring in Dec. 2016 and Jan. 2017 and fill the entirety of ArcelorMittal's pellet purchase requirements from the previous contracts. The new commercial agreement includes ArcelorMittal's total purchases of iron ore pellets from Cliffs up to 10 million long tons and preserves Cliffs' current position as ArcelorMittal USA's sole outside supplier of pellets. Accordingly, Cliffs will continue to be the sole pellet supplier of ArcelorMittal's Indiana Harbor West and Cleveland Works steelmaking facilities, while maintaining the current level of pellet supply to ArcelorMittal's Indiana Harbor East facility. The new contract also establishes a minimum tonnage of pellets of 7 million long tons, which is higher than the current minimum level from the two previous contracts combined.
CLF: 5.12 (-0.04), MT: 5.12 (-0.17)
Valmont Poised on Strategic Actions Amid Industry Headwinds
Zacks Equity Research - Zacks Investment Research - Tue May 31, 6:37AM CDT
We have issued an updated research report on steel pipe and tube company Valmont Industries (VMI).
RYI: 14.02 (-0.98), CMC: 17.36 (-0.12), VMI: 133.13 (-1.42), MT: 5.12 (-0.17)
ArcelorMittal Chosen as VW's FAST Initiative's Supplier
Zacks Equity Research - Zacks Investment Research - Tue May 31, 5:54AM CDT
ArcelorMittal (MT) has been chosen by Volkswagen AG (VLKAY) as a supplier for the carmaker's new FAST ??? Future Automotive Supply Tracks ??? initiative.
F: 12.98 (-0.12), GM: 29.08 (+0.02), MT: 5.12 (-0.17)