BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Nucor (NUE) rises on ore price cut]]>http://www.bloggingstocks.com/2009/05/26/nucor-nue-rises-on-ore-price-cut/http://www.bloggingstocks.com/2009/05/26/nucor-nue-rises-on-ore-price-cut/http://www.bloggingstocks.com/2009/05/26/nucor-nue-rises-on-ore-price-cut/#commentsFiled under: , , , , , , ,

NUE logoNucor (NYSE: NUE - option chain) shares are rising today after iron-ore miner Rio Tinto (NYSE: RTP) agreed to cut its iron ore prices for Japan's Nippon Steel Corp by more than 30%. The steelmakers have already been driven lower as demand for their product has slowed, but now they are less likely to be charged boom-time prices for their raw materials on top of that. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on NUE.

NUE opened this morning at $39.44. So far today the stock has hit a low of $39.14 and a high of $41.41. As of 11:35, NUE is trading at $41.25 up 1.16 (2.9%). The chart for NUE looks bearish and S&P gives NUE a negative 2 STARS (out of 5) sell ranking.

Continue reading Nucor (NUE) rises on ore price cut

Nucor (NUE) rises on ore price cut originally appeared on BloggingStocks on Tue, 26 May 2009 12:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Investors ObserverInvestorsObserverironNucorNUEoptionsRio TintoRioTintoRTPsteelTue, 26 May 2009 12:30:00 EST<![CDATA[As far as Cleveland-Cliffs is concerned, today is another Iron Age]]>http://www.bloggingstocks.com/2008/02/14/as-far-as-cleveland-cliffs-is-concerned-today-is-another-iron-a/http://www.bloggingstocks.com/2008/02/14/as-far-as-cleveland-cliffs-is-concerned-today-is-another-iron-a/http://www.bloggingstocks.com/2008/02/14/as-far-as-cleveland-cliffs-is-concerned-today-is-another-iron-a/#commentsFiled under: ,

Readers of this space know that the investment bias is toward large-cap companies with demonstrated business models and who have a competitive advantage in established markets, preferably with a favorable global trend as a support. And with the above in mind, Cleveland-Cliffs is worth an evaluation.

Cleveland-Cliffs Inc. (NYSE: CLF) is the largest producer of iron ore pellets in North America, and is also a major supplier of metallurgical coal to the global steelmaking industry.

Analysts like CLF's solid fundamentals, pricing power, and high customer retention rate.

Continue reading As far as Cleveland-Cliffs is concerned, today is another Iron Age

As far as Cleveland-Cliffs is concerned, today is another Iron Age originally appeared on BloggingStocks on Thu, 14 Feb 2008 16:47:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AsiaChinaCleveland CliffsCLFemerging marketsironiron orepelletssteelThu, 14 Feb 2008 16:47:00 EST