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Wells Fargo is Cautious on Steel Sector, Downgrades Nucor and U.S. Steel
Friday, November 22, 2013 - 4:41pm | 333Read More...In a report published Friday, Wells Fargo analyst Sam Dubinsky downgraded Nucor Corporation (NYSE: NUE) and United States Steel Corp. (NYSE: X). Wells Fargo downgraded U.S. Steel from Market Perform to Underperform. "We believe shares are being rewarded prematurely on cost cutting measures,"...
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3 Reasons Why Oil is the New Safe Haven Asset
Thursday, October 31, 2013 - 5:06pm | 526Read More...Even though the demand is low and inventories are full, the price for crude oil is still high. That cannot be attributed to the effects of Quantitative Easing III, as the price for gold and silver have fallen. What has happened is that oil assets, in various forms, have replaced gold and silver...
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Early Weakness in Copper
Tuesday, October 11, 2011 - 9:40am | 165Read More...Overnight has shown some early weakness in copper, which had led the general market up in a fast spurt over the past four trading sessions. This weakness can be seen in the chart below as copper nears 3.2300 and a support line at 3.2125. It has also broken a trend line, that admittedly was almost...
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Industrial Metals Continue To Inflate
Monday, October 10, 2011 - 11:12am | 204Read More...The industrial metals stocks are continuing there winning ways this morning. Since the October 4, 2011 stock market pivot low the industrial metals have soared sharply higher. Leading stocks such as Freeport McMoRan Inc (NYSE: FCX), Southern Copper Corp (NYSE: SCCO), U.S. Steel Corp (NYSE: X), and...
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MF Global: Most Metals Higher, Copper Bounces Back
Friday, March 11, 2011 - 1:57pm | 215Read More...MF Global is out with a research report this morning detailing on market metals. In the report, MF Global states that copper has bounced from a two-week low, although remaining weaknesses can be seen in nickel, tin, and lead. Updating its readers on the morning markets, MF Global writes, "Right...
