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Debt Ceiling Chatter Will Yield Choppy Markets (BIDU, NFLX, UPS, X, REE, OMI)

Posted by Geoff Seiler at 4:45PM on July 26th

Stocks backtracked for a second-straight day (three straight for the Dow, which was the only major U.S. index down on Friday), as debt-ceiling gridlock and mixed earnings news failed to inspire buying. With the debt-ceiling deadline quickly approaching (August 2nd),…

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Goldman Likes Copper Fundamentals, Downgrades Steel Stocks (FCX, SCCO, SLT, X, NUE, GNI, SMS, MT)

Posted by Owen Vater at 9:45AM on September 20th

Goldman Sachs was active in the metals segment on Monday morning. The firm upgraded Freeport-McMoRan (FCX) to “Buy” from “Neutral” and lifted its price target to $94 from $79, citing a bullish outlook for the copper space. Meanwhile, gold, which accounted…

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Consumer Confidence Mitigates Earnings Enthusiasm (LMT, X, ABC, JEC, DD, DNN)

Posted by Geoff Seiler at 4:55PM on July 27th

Stocks ended the day mixed as a weak consumer confidence reading mitigated some initial enthusiasm over some solid earnings reports, highlighted by DuPont (DD). While the economic data continues to be mixed, for the most part companies continue to deliver and…

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Construction, Steel, Housing Segments Weak on Growth Concerns (AAPL, VALE, X, NUE, HOV, BZH, TOL, FWLT, JEC, SHAW)

Posted by Dave Goodboy at 2:37PM on July 12th

Analysts are forecasting a slow down in the US economy during the second half of 2010. Wednesday’s retail sales report is expected to continue the pullback started in May due to declines in auto and gasoline sales. However, core retail…

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Are Steel Stocks Headed To New Highs? (NUE, X, STLD, AKS, MEE, WLT, ANR)

Posted by Owen Vater at 12:39PM on June 23rd

This week’s issue of Barron’s features a bullish article on four U.S. steel companies after global economic turmoil stirred up fears of a double-dip recession. The report acknowledges China’s recent efforts to cool economic expansion, but notes that “if Beijing can…

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Commodity Bets May Have Hurt Citadel Last Month (CNX, X, DTV, AAPL, RSH, ETFC, YHOO, GOOG, JPM, T)

Posted by Jason Smith at 1:11PM on June 1st

It was a rough month for the equity markets in May, and Bloomberg notes that some big names from the hedge fund world were among the losers. Ken Griffin’s Chicago-based Citadel Investment Group reportedly saw its biggest funds decline by -2%…

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Stocks Set to Drift Lower as Bears Take Control (DD, JNJ, VMW, X, STP)

Posted by Geoff Seiler at 5:00PM on January 26th

Stocks rolled over late in the day after a solid start, another indication that we’re in the process of a pullback. Earnings have generally been solid, and today was no exception, but after the huge market run combined with China…

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Market Crawling to Finish Line (TRMA, X, SEED)

Posted by Jim Ambrosio at 5:06PM on December 30th

The major market indices managed to squeak out gains on another slow news day. While anything is possible, we wouldn’t expect any late-year fireworks tomorrow, as stocks seem content to crawl to the year-end finish line.

The Chinese Agriculture Stocks Index was…

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Steel Stocks Run on China News

Posted by Owen Vater at 9:53AM on October 14th

Reports of a Chinese production cut helped U.S.-listed steel stocks on Wednesday.

According to Bloomberg, Chinese overproduction has weighed on steel prices amid a government-supported boost in demand. Now facing “severe oversupply,” according to the Wuhan Iron & Steel, the government…

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Wood: Stronger Than Steel

Posted by Owen Vater at 10:08AM on August 18th

Floors went vinyl, toothpicks went plastic, and baseball bats went aluminum – still wood outperforms.

With new metals and compounds being used in everything from sports equipment to building supplies, you might think that good old-fashioned lumber has been traveling down…

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