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Zacks Analyst Blog Highlights: BP plc, ExxonMobil, Chevron, U.S. Steel Corp. and POSCO – Press Releases

Zacks Market Commentaries (October 28th, 2009) Writes:

For Immediate Release

Chicago, IL – October 28, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: BP plc (BP), ExxonMobil (XOM), Chevron (CVX), U.S. Steel Corp. (X) and POSCO (PKX).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Tuesday’s AnalystBlog:

BP Tops on Better Cost Control

BP plc (BP) reported its third quarter 2009 results of $1.71 per ADS (American Depositary Share), beating the Zacks Consensus Estimate of $1.14 on the back of stronger cost controls and increased upstream volumes. However, in comparison with the year-earlier results, earnings fell approximately

...

Steel Output Mounting – Analyst Blog

Zacks Market Commentaries (October 27th, 2009) Writes:
According to the data released by the World Steel Association (WSA), global steel output increased to 107 million tons in the month of Sep 2009, down marginally (0.6%) from the same month of the previous year. Month-on-month, steel output improved slightly from 106.5 million tons. World crude steel production has continued to show a steady increase since Apr 2009.  Steel production had reached its highest level in July this year on the back of a moderate rise in demand and the resumption of idled facilities by producers. Total output of 103.9 million tons was an improvement of 4% from 99.8 million tons produced in the last month, but down 11.1% year over year.  All major steel producing countries such as China, Japan, Germany, the U.S., Brazil, Turkey, Russia and Ukraine showed peak monthly figures so far this year. Production in the Middle East, where demand was buoyant ...

U.S. Trade Spat with China Escalates, But is Unlikely to Cause a Significant Rift

Jason Simpkins (September 22nd, 2009) Writes:

China is Investing Billions in Renewable Energy One firm has already built China’s largest wind turbine manufacturing factory. And it’s working with the Chinese Science Academy to develop new wind, solar, and geothermal technologies… for which it will own 70% of the rights. But this company’s business reaches far beyond the Chinese border, with operations in Southeast Asia, the Middle East, Africa and Eastern Europe. It’s first quarter net income increased by 294% over a year ago. Click here for the full report.

Shortly after U.S. President Barack Obama announced hefty import duties on Chinese-made tires, China’s Ministry of Commerce over the weekend said it would explore possible sanctions against U.S. automobile and chicken imports.

The dispute has caused some concern over an escalation in protectionist measures between the two nations, but few analysts believe the dispute will spiral out of control and threaten a global recovery.

President Obama on …

U.S. Trade Spat with China Escalates, But is Unlikely to Cause a Significant Rift

Jason Simpkins (September 15th, 2009) Writes:

China is Investing Billions in Renewable Energy One firm has already built China’s largest wind turbine manufacturing factory. And it’s working with the Chinese Science Academy to develop new wind, solar, and geothermal technologies… for which it will own 70% of the rights. But this company’s business reaches far beyond the Chinese border, with operations in Southeast Asia, the Middle East, Africa and Eastern Europe. It’s first quarter net income increased by 294% over a year ago. Click here for the full report.

Shortly after U.S. President Barack Obama announced hefty import duties on Chinese-made tires, China’s Ministry of Commerce over the weekend said it would explore possible sanctions against U.S. automobile and chicken imports.

The dispute has caused some concern over an escalation in protectionist measures between the two nations, but few analysts believe the dispute will spiral out of control and threaten a global recovery.

President Obama on Friday …

Zacks Analyst Blog Highlights: McDonald’s, Coca-Cola, Dr Pepper Snapple Group, United States Steel Corp. and Pfizer Inc. – Press Releases

Zacks Market Commentaries (April 29th, 2009) Writes:
For Immediate Release

Chicago, IL - April 29, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: McDonald's (MCD), Coca-Cola (KO), Dr Pepper Snapple Group (DPS), United States Steel Corp. (X) and Pfizer Inc. (PFE).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579.

Here are highlights from Tuesday's Analyst Blog:

McDonald's Calling the "Doctor"

McDonald's (MCD) is replacing Pibb Xtra (aka Mr. Pibb) from Coca-Cola (KO) with Dr Pepper at all of its 14,000 U.S. restaurants. The 5-year agreement with Dr Pepper Snapple Group (DPS) will expand the

...

US Steel In-Line, Dividend Cut – Analyst Blog

Zacks Market Commentaries (April 28th, 2009) Writes:
United States Steel Corp. (X) reported a first quarter 2009 net loss of $439 million, or $3.78 per diluted share, compared to first quarter 2008 net income of $235 million, or $1.98 per diluted share.Other items not allocated to segments in the first quarter of 2009 increased net income by $7 million, or 6 cents per diluted share. Other items not allocated to segments in the first quarter of 2008 reduced net income by $45 million, or 38 cents per diluted share.Results for Flat-rolled in the first quarter of 2009 decreased substantially from the fourth quarter of 2008. Flat-rolled operated at 38 percent of raw steel capability in the first quarter of 2009 compared to 45 percent in the fourth quarter of 2008, and shipments decreased 24 percent to 2.1 million net tons. Average realized prices decreased by $90 per net ton to $715 ...

US Steel Tries to Rein Costs – Zacks Tale of the Tape

Zacks Market Commentaries (April 2nd, 2009) Writes:

Shares of United States Steel Corp. (X) soared on Thursday after the company put on hold a $1 billion upgrade of its coke plant near Pittsburgh for an indefinite period to cut costs.

Separately, the company also decided to shut down its foundry in the Serbian city of Smederevo in course of the month. US Steel said it could not "speculate about when conditions will improve enough to allow work to resume."

US Steel's multi-year project at the Clairton plant was expected to create more than 600 construction jobs and ensure thousands of existing jobs. The largest coke producer in the U.S. has been reducing headcount as it grapples with slumping steel prices amid the downturn in housing and auto markets.

Shares of the company were up nearly 9% to $24.63 at noon on the New York Stock Exchange.

"X" Free Stock Analysis: ...

Is Washington Replacing Wall Street as the City That Drives America?

Contrarian Profits (February 2nd, 2009) Writes:

Is Washington replacing New York – and more specifically, Wall Street – as the city that drives America?

The question, raised in a new Reuters piece, is certainly a good one – and a fair one.

As the United States suffers through perhaps its worst financial crisis ever – a crisis caused by the combination of rampant greed and some ill-conceived financial engineering – Wall Street’s reputation has been badly tarnished, perhaps forever.

Moving forward, two results will be a tightening of financial regulation and an increase in government control of the financial markets. We’ll also end up with a federal government that more closely controls – and in some cases owns stakes in – banks and other financial institutions, a move that some regard as de facto nationalization.

Like a super hero arriving to save the day, in steps Washington, “home to a popular president and a Congress

...
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Shift in China Trade Policy Could Accelerate Western Steelmakers’ Slump

Contrarian Profits (December 30th, 2008) Writes:

The steel business faces its biggest hurdle in 60 years with some analysts predicting double digit production cuts in 2009. Now, a sudden change in China trade policy may spell even more trouble for Western steelmakers, as Beijing is currently considering measures to shore up its ailing steel industry with new export policies.

According to World Steel Dynamics, a U.S. steel consulting firm, steel production could fall next year by 13.9% compared with this year. This downturn comes after a long period of growth in the steel industry. In fact, output has grown every year since 1998 - soaring from 777 million metric tons a decade ago to 1.34 billion metric tons in 2007.

The catalyst behind the expansion has been a robust world economy and a steep rise in demand in China - by far the world’s biggest steel producing and consuming nation, accounting for more than a third

...

Shift in China Trade Policy Could Accelerate Western Steelmakers’ Slump

Money Morning (December 29th, 2008) Writes:
The steel business faces its biggest hurdle in 60 years with some analysts predicting double digit production cuts in 2009. Now, a sudden change in China trade policy may spell even more trouble for Western steelmakers, as Beijing is currently considering measures to shore up its ailing steel industry with new export policies. According to World Steel Dynamics, a U.S. steel consulting firm, steel production could fall next year by 13.9% compared with this year. This downturn comes after a long period of growth in the steel industry. In fact, output has grown every year since 1998 - soaring from 777 million metric tons a decade ago to 1.34 billion metric tons in 2007. The catalyst behind the expansion has been a robust world economy and a steep rise in demand in China - by far the world’s biggest steel producing ...

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