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BHP (BHP) classified its US (DIA)(DOW) onshore assets as non-core in August 2017 and finally decided to exit them after seven years of investment. Some BHP investors, led by Elliott Management, have believed that BHP’s investment in US onshore oil and gas assets was ill-timed. These investors stepped up the pressure on BHP’s management to shed these assets.
Cleveland-Cliffs (CLF) released its second-quarter earnings on July 20 before the markets opened. It held a conference call with analysts the same day. CLF reported EPS of $0.76, beating the consensus estimate of $0.53 by 43.4%. Its revenue came in at $714.3 million, which was higher than the consensus analyst estimate of $642 million.
US equity markets were once again jolted by trade war fears yesterday. Conflicting signals came from the Trump administration regarding plans to restrict foreign investments in US technology companies, and recent tariffs have started to hit businesses’ supply chains, sending stocks down. While tit-for-tat tariffs have rattled markets around the world, the SPDR Gold Shares ETF (GLD), which tracks physical gold’s price movements, has recorded a 3% fall year-to-date, including a 0.4% fall yesterday.
The amount of money chasing stocks is drying up considerably, natural conditions are prevailing, and it is happening on the heels of the most expensive bull market in history.
Cleveland-Cliffs (CLF) has come a long way with respect to its financial leverage. With the new management’s efforts, however, its financial leverage has improved significantly in the last four years. In this article, we’ll discuss its debt position and financial leverage at the end of 2017.
Realized prices also help assess the market sentiment, as they are derived from existing market prices. Cleveland-Cliffs’ (CLF) realized prices came in at $90.5 per ton in 3Q17 on average, which reflects a fall of $6.0 per ton sequentially but a rise of $17.0 per ton year-over-year (or YoY).
Rating Action: Moody's assigns Ba1 rating to Olin's new notes. Global Credit Research- 16 Jan 2018. New York, January 16, 2018-- Moody's Investors Service has assigned a Ba1 rating to Olin Corporation's ...
US rail companies' carload traffic jumped 4.1% to ~265,000 railcars in week 50 of 2017 compared with over ~254,700 units in the corresponding week last year.
Recently, Canada’s largest freight railway, Canadian National Railway (CNI), has seen its carload traffic fall YoY (year-over-year). However, in the last two weeks, the trend has reversed. In the week…...
On December 13, 2017, the AAR (Association of American Railroads) released North American railroads' freight data for the week ended December 9, 2017, or Week 49.
DowDuPont Inc (NYSE: DWDP ) was formed due to the recent merger between Dow Chemical Co (NYSE: DOW ) and E I Du Pont De Nemours And Co (NYSE: DD ). The merger was completed Aug. 31, 2017. About three months ...
The majority of ratings for Cleveland-Cliffs (CLF) are “hold.” According to the consensus compiled by Thomson Reuters, a total of nine analysts cover the stock currently.
In the week ended November 4, 2017, US steel capacity utilization was 74.6%, which is higher than the 71.1% recorded at the same time in 2016.
Dow and DuPont had both been struggling with growth before they made the decision to merge in 2015. The results were more positive than it looks, given the company had already factored in hurricanes and troubles in Brazil, said Laurence Alexander, chemical sector analyst with Jefferies.
DowDuPont, formed through the merger of chemical giants Dow Chemical and DuPont, said it expects third-quarter net sales of $15.4 billion when it reports results as a new company next week. On a proforma basis, net sales are expected to be $18.3 billion, up 8 percent.
As of October 24, 2017, analysts are expecting DowDuPont (DWDP) to report revenues of $17.6 billion in 3Q17, which implies an increase of 1.1% from the combined revenue of Dow Chemical and DuPont in 3Q16....