Stock Market News & Stocks to Watch from StraightStocks » scrap metal

Looking for a Recovery in Odd Places

QualityStocks — Tue, 06 Oct 2009 18:05:42 +0000

The business world loves a good economic indicator. Chief executives, budget planners, small-business owners, and others who must make assumptions about the health and direction of the economy take a keen interest in popular indicators such as consumer confidence, gross domestic product, housing starts, stock prices, employment data, and even the price of gold. Economic indicators [...]

RA’s Daily Russian News Blast – August 21, 2009

Robert Amsterdam — Fri, 21 Aug 2009 08:28:49 +0000

TODAY: Putin orders infrastructure overhaul; blogger charged; Rogozin praises cooperation with NATO; Abkhazia warns Georgia over blockade; criminal charges for 'negligent' Ingushetia police; fire at rights organization HQ; Medvedev warns United Russia against complacency. Flag owners beware.Prime Minister Putin has...

BWI Holdings, Inc. (BWIH.OB) Continues to Branch Out

QualityStocks — Thu, 18 Jun 2009 18:44:39 +0000

You could say that BWI Holdings, Inc. is really into garbage. But the growing waste solutions company based in Alberta, Canada now goes well beyond standard residential trash handling. BWI has managed to firmly establish itself in a full range of related waste handling and recycling operations, serving commercial, industrial, construction, homebuilding, and even the [...]

Excel Maritime (NYSE:EXM): A Rising Tide Lifts All Ships

Andrew Snyder — Fri, 22 May 2009 20:44:41 +0000

pThe world’s shipping industry has been beaten hard over the past six months. But news reports out this week are proving the sector may be on the rise. Excel Maritime (NYSE:a href="http://www.google.com/finance?q=EXM"EXM/a) surprised analysts today. Who’s next?/p pWe are just a few hours away from the start of a holiday weekend. Along with about 50 million other Americans, I am headed to the beach. Not only will it be a great opportunity to spend a few days with my family, it will be a shot at an accurate gauge of the nation’s economy./p pIn case you did not know, I have spent many, many days plying the nation’s offshore waters in search of anything with fins. It just so happens some of the#8230;/p

BWI Holdings, Inc. (BWIH.OB) Turns Trash into Cash

QualityStocks — Mon, 18 May 2009 16:19:22 +0000

BWI Holdings, Inc. is growing in a critical part of the green movement that few people talk about or even consider. While most environmental attention remains focused on electric cars, solar cells, and windmills, this Canadian company has found success in the most unglamorous niche of all, garbage. Though still serving a relatively small population [...]

Buy and Sell Successfully on the Import Export Market

Investment Education Staff — Wed, 29 Apr 2009 08:01:54 +0000

The import export market is a busy place, where a multitude of small companies buy and sell an array of products. Many manufacturers sell products in this market, which is also ideal for investing in commodities, including agricultural products, gold and oil.

China Increases Gold Reserves 76% to Fifth-Largest in the world

Alex Stanczyk — Sat, 25 Apr 2009 23:31:58 +0000

By Eugene Tang and Bob Chen April 24 (Bloomberg) #8212; China boosted its gold reserves by 76 percent since 2003 and has the world’s fifth-biggest holding by country, said Hu Xiaolian, head of the State Administration of Foreign Exchange. The nation increased its reserves by 454 tons to 1,054 tons through domestic purchases and refining scrap metal, [...]div class="feedflare" a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=zjQ_CvCfJzw:aCgbBtWh1qw:yIl2AUoC8zA"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?d=yIl2AUoC8zA" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=zjQ_CvCfJzw:aCgbBtWh1qw:F7zBnMyn0Lo"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?i=zjQ_CvCfJzw:aCgbBtWh1qw:F7zBnMyn0Lo" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=zjQ_CvCfJzw:aCgbBtWh1qw:7Q72WNTAKBA"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?d=7Q72WNTAKBA" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=zjQ_CvCfJzw:aCgbBtWh1qw:V_sGLiPBpWU"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?i=zjQ_CvCfJzw:aCgbBtWh1qw:V_sGLiPBpWU" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=zjQ_CvCfJzw:aCgbBtWh1qw:qj6IDK7rITs"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?d=qj6IDK7rITs" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=zjQ_CvCfJzw:aCgbBtWh1qw:l6gmwiTKsz0"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?d=l6gmwiTKsz0" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=zjQ_CvCfJzw:aCgbBtWh1qw:gIN9vFwOqvQ"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?i=zjQ_CvCfJzw:aCgbBtWh1qw:gIN9vFwOqvQ" border="0"/img/a /div

China Has Begun Building Gold Reserves

Trader Mark — Sat, 25 Apr 2009 15:00:00 +0000

While I believe gold jumped Friday on this news regarding China building its reserves, the more important question to ask is over the longer run in terms of "why" and "implications for the dollar some far off day in the future". I'm not going to ask t...

Base Metals All Up

Doug Casey — Thu, 26 Feb 2009 19:10:51 +0000

pAll the base metals were higher on Wednesday. Copper jumped nearly 4 cents from yesterday’s close to $1.5257/lb. Nickel gained 19 cents to finish at $4.5420/lb. Zinc rose slightly more than 2 pennies, ending at $0.5076/lb. Aluminum tacked on almost a cent, closing at $0.5935/lb., while lead moved up exactly one penny to $0.4630/lb./p pThe reason for the big day in base metals, China, the world’s biggest copper consumer, may boost imports of refined copper by 37% this year, bolstering world prices as a recession slashes demand in the U.S. and Europe, said Trafigura Beheer BV./p pInbound shipments could jump to about 2 million metric tons as scrap metal supplies plunge and Chinese government spending sustains consumption, said Simon Collins, of Trafigura#8230;/p

Nucor Faces Rising Prices – Analyst Blog

Zacks Market Commentaries — Thu, 15 Jan 2009 14:04:15 +0000

Nucor Corporation (NUE) is the nation's largest recycler of steel scrap. Long-term contracts, constant cost-reduction efforts, higher steel prices, lower interest rates, strong cash flow position and a dominant acquisition strategy inspire our optimism with respect to the stock's performance in the coming quarters. The company's third-quarter 2008 profit nearly doubled, mainly because of robust sales from recently acquired steel and scrap-metal companies.

However, the company expects a 40% decline in steel shipments for the fourth quarter of 2008, which will result in lower earnings. A slowdown in steel demand from the automobile sector and increased production in China are matters of concern.

Rising prices of raw materials such as scrap and natural gas are serious issues facing the company. Thus, we maintain our Hold rating.

Read the full analyst report on NUE

"NUE" Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research

The Low-Profile but High Value Business of Metalico Inc. (AMEX: MEA)

QualityStocks — Fri, 05 Sep 2008 15:42:04 +0000

Some may sneer at scrap metal, but let no snobbery stand in the way of cascading dollars from this corner of the Iron & Steel Industry. It is convenient to blame the BRIC block of countries for demanding so much of various metals that scrap enterprises have become profitable. However, the truth is that it [...]

Hilary Kramer likes Metalico (MEA)

Stockmasters Staff — Thu, 21 Aug 2008 15:41:45 +0000

Hilary Kramer put it on the line for Metalico, Inc. (AMEX:MEA) last night on the Nightly Business Report, the stock is up 8% today. Go scrap metal.

Here's how the conversation went down:

Scrap Metal Prices on the Rise

Jim Kingsland — Mon, 09 Jul 2007 15:42:16 +0000

There are a variety of media reports this weekend exploring the issue of thieves who are absconding with beer kegs and taking them to scrap metal yards where they can receive upwards of $50 for an empty keg. One report discussed how some manhole covers have even disappeared. Manhole covers fetch around $20. Thefts of [...]