Metals Spike After-Hours oN ALCOA (AA, CENX, STLD, TIE, AKS, X, CLF, MT)
Alcoa Inc. (NYSE: AA) has just posted a surprise profit after it was expected to lose money in the quarter. Here are the full details, but we took a 4:20 PM EST snapshot and many metals companies are running up that are not just in the aluminum space:
Century Aluminum Company (NASDAQ: CENX) $9.65 close; $10.41 [...]
Steel stocks lag on commodities weakness, construction market worries (SCHN, X, CMC, RS, NUE, AKS)
Steel stocks are among the laggards Tuesday after disappointing results from Schnitzer Steel Industries Inc. (Nasdaq: SCHN) and a lackluster consumer confidence report that helped spur lower commodity prices.
Schnitzer is weighing most heavily on the group, down more than 10 percent as of noon Tuesday, on more than twice its normal volume. The company missed earnings [...]
VOLUME SPIKE ALERT: AK Steel Options Volume (AKS)
AK Steel Holding Corp. (NYSE: AKS) has seen options go through the roof today. This is on market talk that the company has entered talks to sell itself. Whether or not a sale will come up is still unknown, but that isn;’t keeping options traders from putting on their speculator hats. See below with strikes, [...]
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