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CMC

Commercial Metals

$22.86

1.54 (7.22%)

, GGB

Gerdau

$3.89

0.165 (4.44%)

10:25
01/02/18
01/02
10:25
01/02/18
10:25

Commercial Metals to host conference call

Conference call to discuss agreement to acquire certain U.S. rebar steel mill and fabrication assets from Gerdau S.A. will be held on January 2 at 11am. Webcast Link

CMC

Commercial Metals

$22.86

1.54 (7.22%)

GGB

Gerdau

$3.89

0.165 (4.44%)

  • 02

    Jan

  • 03

    Jan

CMC Commercial Metals
$22.86

1.54 (7.22%)

09/12/17
09/12/17
DOWNGRADE

Equal Weight
Nucor, Steel Dynamics downgraded on margin concerns at Morgan Stanley
As previously reported, Morgan Stanley analyst Piyush Sood downgraded Nucor (NUE) and Steel Dynamics (STLD), each to Equal Weight from Overweight, contending that the crosscurrents of higher U.S. steel and scrap pricing and weaker non-residential and auto demand are a drag on these "mini mills" and peer Commercial Metals (CMC). However, the net impact of the pricing and demand factors is beneficial to U.S. Steel (X), added Sood, who keeps an Overweight rating on that stock.
10/17/17
JEFF
10/17/17
UPGRADE
Target $26
JEFF
Buy
Commercial Metals upgraded to Buy from Hold at Jefferies
Jefferies analyst Seth Rosenfeld upgraded Commercial Metals (CMC) to Buy citing improved margin assumptions and optionality from acquisitions. A deal tied to Gerdau (GGB) may bring "further game-changing consolidation benefits" to the U.S. rebar market, Rosenfeld tells investors in a research note. He raised his price target for Commercial Metals shares to $26 from $19.
12/07/17
BOFA
12/07/17
UPGRADE
BOFA
Buy
Commercial Metals upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst PT Luther upgraded Commercial Metals to Buy and raised its price target to $24 from $21 on an improved near-term outlook for rebar. Luther said there has been a slowdown in rebar imports, especially out of Turkey, as prices have increased and amid the Section 232 trade case investigation.
12/29/17
JEFF
12/29/17
NO CHANGE
JEFF
Jefferies positive on U.S. steelmakers after talking to recyclers
Jefferies analyst Seth Rosenfeld says recyclers he contacted this week expect January scrap prices to move up $20-$30 per ton sequentially on average. Recyclers pointed to three key factors driving prices: robust export demand, frigid weather adversely impacting inbound flows and improved domestic demand post the holiday lull, Rosenfeld tells investors in a research note. With sentiment remaining positive into the new year, the analyst finds it probable that flat rolled producers will introduce an incremental price hike to expand metal spreads post January's scrap settlement. He remains positive on U.S. steelmakers, specifically his top picks Steel Dynamics (STLD), U.S. Steel (X), Nucor (NUE), ArcelorMittal (MT) and Commercial Metals (CMC).
GGB Gerdau
$3.89

0.165 (4.44%)

09/12/17
SANT
09/12/17
UPGRADE
SANT
Buy
Gerdau upgraded to Buy from Hold at Santander
10/23/17
GSCO
10/23/17
INITIATION
Target $4.3
GSCO
Buy
Gerdau resumed with a Buy at Goldman Sachs
Goldman analyst Humberto Meireles resumed Gerdau with a Buy and $4.30 price target. The analyst said shares have lagged on the back of weaker short-term earnings momentum, but he expects the trend to reverse as infrastructure spending in both Brazil and the United States turns from the government's economic growth plans.
11/27/17
BOFA
11/27/17
UPGRADE
BOFA
Buy
Gerdau upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Karel Luketic upgraded Gerdau to Buy with a $4.25 price target citing valuation and believes Brazil is on a recovery mode.

TODAY'S FREE FLY STORIES

03:05
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FCX

Freeport McMoRan

$19.96

0.56 (2.89%)

21:10
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DCM

NTT DoCoMo

$24.74

0.08 (0.32%)

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HAL

Halliburton

$53.01

0.65 (1.24%)

, PETS

PetMed Express

$53.24

2.67 (5.28%)

20:25
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OPB

Opus Bank

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FB

Facebook

$181.29

1.49 (0.83%)

, NYT

New York Times

$21.90

1.7 (8.42%)

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NYT

New York Times

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NWSA

News Corp.

$17.22

0.21 (1.23%)

FOXA

21st Century Fox

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0.47 (1.30%)

AMZN

Amazon.com

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AAPL

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NFLX

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0.13 (0.06%)

SNE

Sony

$49.89

0.72 (1.46%)

BA

Boeing

$337.73

-2.43 (-0.71%)

WMT

Walmart

$104.59

0.29 (0.28%)

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XRX

Xerox

$31.80

0.43 (1.37%)

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Icahn, Deason pushing for Xerox to explored sale, WSJ reports »

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FB

Facebook

$181.29

1.49 (0.83%)

18:22
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01/21
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Periodicals
Facebook to open three new digital training hubs in Europe, Reuters says »

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TWX

Time Warner

$93.36

0.39 (0.42%)

, CMCSA

Comcast

$42.50

0.65 (1.55%)

17:56
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Box Office Battle: 'Jumanji' wins weekend with $20M »

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TWX

Time Warner

$93.36

0.39 (0.42%)

CMCSA

Comcast

$42.50

0.65 (1.55%)

CMCSK

Comcast

SNE

Sony

$49.89

0.72 (1.46%)

FOX

21st Century Fox

$36.26

0.53 (1.48%)

FOXA

21st Century Fox

$36.65

0.47 (1.30%)

LGF.A

Lionsgate

$35.42

0.92 (2.67%)

DIS

Disney

$110.59

0.17 (0.15%)

VIAB

Viacom

$33.36

-0.59 (-1.74%)

VIA

Viacom

$39.20

-0.5 (-1.26%)

03/08/13
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CTIC

CTI BioPharma

16:11
01/21/18
01/21
16:11
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16:11
Conference/Events
CTI BioPharma to host special shareholder meeting »

Special Shareholder…

03/08/13
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  • 26

    Feb

ZSAN

Zosano Pharma

$0.45

-0.0387 (-7.92%)

16:00
01/21/18
01/21
16:00
01/21/18
16:00
Conference/Events
Zosano Pharma to host special shareholder meeting »

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SANM

Sanmina

$35.45

0.5 (1.43%)

15:39
01/21/18
01/21
15:39
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Conference/Events
Sanmina to hold a conference call »

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AMZN

Amazon.com

$1,294.58

1.26 (0.10%)

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TWTR

Twitter

$23.66

-0.38 (-1.58%)

09:07
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Periodicals
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CLF

Cleveland-Cliffs

$8.49

0.08 (0.95%)

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  • 25

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BMY

Bristol-Myers

$62.28

0.45 (0.73%)

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EXEL

Exelixis

$28.00

0.14 (0.50%)

, RHHBY

Roche

$30.69

0.18 (0.59%)

15:22
01/20/18
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Hot Stocks
Exelixis presents updated results from Phase 1b clinical trial in CRC »

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EXEL

Exelixis

$28.00

0.14 (0.50%)

RHHBY

Roche

$30.69

0.18 (0.59%)

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ARRY

Array BioPharma

$13.14

0.26 (2.02%)

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  • 30

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SO

Southern Company

$44.44

-0.46 (-1.02%)

15:13
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TECK

Teck Resources

$29.43

0.19 (0.65%)

15:10
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  • 14

    Feb

TWTR

Twitter

$23.66

-0.38 (-1.58%)

14:03
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Twitter begins notifying users exposed to Russian propaganda during elections »

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  • 23

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SPY

SPDR S&P 500 ETF Trust

$280.41

1.27 (0.45%)

, SPX

S&P 500

13:58
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Periodicals
Government shuts down on anniversary of Trump presidency, Reuters reports »

President's Trump…

SPY

SPDR S&P 500 ETF Trust

$280.41

1.27 (0.45%)

SPX

S&P 500

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FB

Facebook

$181.29

1.49 (0.83%)

, NYT

New York Times

$21.90

1.7 (8.42%)

13:48
01/20/18
01/20
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Periodicals
NY Times stock jumps after Facebook's announcement, Recode reports »

Facebook (FB) CEO Mark…

FB

Facebook

$181.29

1.49 (0.83%)

NYT

New York Times

$21.90

1.7 (8.42%)

NWSA

News Corp.

$17.22

0.21 (1.23%)

FOXA

21st Century Fox

$36.65

0.47 (1.30%)

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WMT

Walmart

$104.59

0.29 (0.28%)

13:36
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01/20
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13:36
Periodicals
Still time to shop Walmart shares as company makes changes, Barron's says »

In a follow-up story,…

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  • 20

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AAPL

Apple

$178.46

-0.8 (-0.45%)

, NFLX

Netflix

$220.46

0.13 (0.06%)

08:59
01/20/18
01/20
08:59
01/20/18
08:59
Periodicals
Netflix among likely candidates for an Apple purchase, Barron's says »

Especially for tech…

AAPL

Apple

$178.46

-0.8 (-0.45%)

NFLX

Netflix

$220.46

0.13 (0.06%)

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