Important News & Updates: AMR Corporation, AK Steel Holding, Vale SA,
NEW YORK, November 5, 2013
NEW YORK, November 5, 2013 /PRNewswire/ --
Market Buzz Report, an investment community, Issues Important News & Updates
For AMR Corporation(OTCQB:AAMRQ), AK Steel Holding Corporation (NYSE:AKS),
Vale SA (NYSE:VALE), SolarCity Corp(NASDAQ:SCTY), Alcoa Inc(NYSE:AA).
AMR Corporation(OTCQB:AAMRQ)'s shares were the most active penny stock gainer
and soared 25% to $9.67 on very high volume as Attorney General Eric Holder
said that American Airlines and US Airways Group Inc. will have to shed assets
at key airports across the country if they want to settle the U.S. lawsuit
seeking to block their proposed merger.
Is AAMRQ Still a Strong Buy After Today's Solid Rally? Find Out Here
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into your browser)
The airlines and the Justice Department are in settlement talks over the
lawsuit even as the government is prepared to go to trial to block the merger
if the talks aren't successful, Holder said today.
Shares of U.S. Steel , AK Steel Holding Corporation (NYSE:AKS) and Steel
Dymanics (STLD) surge premarket after Goldman Sachs raises its view on the
steel sector to Neutral and upgrade the shares of the individual steelmakers
to Buy.Although volatility in the cyclical steel sector will remain the norm,
risks associated with oversupply are priced in and "investors should start to
look beyond near-term headwinds," the firm says.
Is AKS The Best Pick in The Steel Sector? Get Free Comparative Analysis Here
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into your browser)
Supply-demand fundamentals for steel are starting to look more appealing,
particularly for flat steel, while the firm's "very bearish" view on input
costs (iron ore) bodes well for steel producers in the long run; also,
recently filed trade cases, if successful, could help.
Vale SA (NYSE:VALE)'s shares were up 3.66% to $16.98. The company is all set
to report its third quarter earnings announcement on Wednesday, November 6,
2013, The consensus analyst estimate has gone from 59 cents per share to the
current projection of earnings of 64 cents per share.
Urgent Insider Catalyst Report For VALE Available Here:
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into your browser)
The consensus estimate has risen from 53 cents over the past three months. For
the fiscal year, analysts are projecting earnings of $2.15 per share. Revenue
is projected to be 14% above the year-earlier total of $10.73 billion at
$12.27 billion for the quarter. For the year, revenue is expected to come in
at $46.42 billion.
In other news, SolarCity Corp(NASDAQ:SCTY), which is the second-largest U.S.
solar company in terms of market capitalization, is on the lookout for a buyer
for their $54.4 million of asset-backed notes in a private placement. The
notes have a scheduled maturity date of December 2026 and are secured by
numerous systems, related leases and power-purchase agreements and other
rights and agreements. Shares of SCTY soared 16.11% to $63.57 on more than
9.47 million shares - 2X its average volume.
Urgent Insider Catalyst Report For SCTY Available Here:
http://marketbuzzreport.com/index.php?code=SCTY (Or Copy and paste the URL
into your browser)
Recently, U.S. aluminum producer Alcoa Inc(NYSE:AA) warned on Wednesday that a
planned electricity rate hike in Quebec would make its three smelters in the
Canadian province uncompetitive.
Urgent Insider Catalyst Report For AA Available Here:
http://marketbuzzreport.com/index.php?code=AA (Or Copy and paste the URL
into your browser)
Alcoa has notified provincial power company Hydro-Québec that it plans to
reduce its contractual obligations to buy power starting Nov. 1, 2014, the
company said in an emailed statement. Rates are set to rise on Jan. 1, 2015.
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