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SteelDynamics


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Steel Dynamics Inc <STLD.OQ> expected to post earnings of $2.74 a share - Earnings Preview

Steel Dynamics Inc expected to post earnings of $2.74 a share - Earnings Preview Steel Dynamics Inc STLD.OQ STLD.O is expected to show a fall in quarterly revenue when it reports results on July 17 for the period ending June 30 2024 The Fort Wayne Indiana-based company is expected to report a 12.7% decrease in revenue to $4.434 billion from $5.08 billion a year ago, according to the mean estimate from 9 analysts, based on LSEG data.
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U.S. STOCKS Health insurance firms, Super Micro, Datadog

BUZZ-U.S. STOCKS ON THE MOVE-Health insurance firms, Super Micro, Datadog Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The Dow hit a record high in Wall Street's upbeat trading on Monday, on a greater chance of presidential candidate Donald Trump winning a second term after surviving an assassination attempt, while interest-rate cut hopes also aided sentiment.
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S&P 500 top and bottom performing stocks at about 12:00 p.m. EDT

BUZZ - S&P 500 top and bottom performing stocks at about 12:00 p.m. EDT S&P 500 .SPX Top Performers Percent Change Steel Dynamics Inc STLD.OQ +4.9% Halliburton Co HAL.N +4.8% Tesla Inc TSLA.OQ +4.6% Axon Enterprise Inc AXON.OQ +4.6% APA Corp (US) APA.OQ +4.5% Bottom Performers Percent Change AES Corp AES.N -9.4% First Solar Inc FSLR.OQ -8.4% Center
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Jefferies cautious on steel firms' Q2, sees demand pick-up in 2025

BUZZ-Jefferies cautious on steel firms' Q2, sees demand pick-up in 2025 ** Jefferies remains cautious into European steel sector's Q2 reporting season and says demand recovery might be pushed to 2025 ** It says steel prices are close to the bottom, and expects infrastructure related demand to pick up in late H2 2024 or in 2025, after the U.S. presidential election ** Thus it expects outlook commentary into Q3 to be cautious ** Jefferies' top picks are still ArcelorMittal MT.LU in Europe, and Cle
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Stocks to watch as Biden and Trump vie for presidency

FACTBOX-Stocks to watch as Biden and Trump vie for presidency July 3 (Reuters) - The first U.S. presidential debate saw President Joe Biden turning in a fitful performance , especially at the beginning, as he exchanged barbs with former President Trump on abortion, immigration, the wars in Ukraine and Gaza and even their golf games. Both candidates defended their handling of the economy ahead of the Nov.
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Steel Dynamics Files For Offering Of Notes Size Not Disclosed - SEC Filing

BRIEF-Steel Dynamics Files For Offering Of Notes Size Not Disclosed - SEC Filing June 26 (Reuters) - Steel Dynamics Inc STLD.O : STEEL DYNAMICS INC FILES FOR OFFERING OF NOTES; SIZE NOT DISCLOSED - SEC FILING Source text for Eikon: [ID:n0001104659-24-074998] Further company coverage: STLD.O
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U.S. STOCKS Broadcom, Xponential Fitness, Northfield Bancorp

BUZZ-U.S. STOCKS ON THE MOVE-Broadcom, Xponential Fitness, Northfield Bancorp Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes edged higher in choppy trading on Monday, as investors awaited fresh economic data and comments from Federal Reserve officials for more clarity on monetary policy.
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U.S. STOCKS Broadcom, Xponential Fitness, Northfield Bancorp

BUZZ-U.S. STOCKS ON THE MOVE-Broadcom, Xponential Fitness, Northfield Bancorp Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes edged lower on Monday as investors awaited fresh economic data and comments from Federal Reserve officials throughout the week for more clarity on monetary policy.
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U.S. STOCKS Autodesk, Aaron's Company

BUZZ-U.S. STOCKS ON THE MOVE-Autodesk, Aaron's Company Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Futures tracking Wall Street's main indexes were mixed in muted trading on Monday as investors awaited fresh economic data and comments from Federal Reserve officials throughout the week for more clarity on monetary policy.
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Steel Dynamics forecasts second-quarter profit below expectations

Steel Dynamics forecasts second-quarter profit below expectations June 17 (Reuters) - Steel Dynamics STLD.O on Monday projected second-quarter profit below analysts' expectations as lower realized prices more than offset steady shipments in its steel business. The Fort Wayne Indiana-based company expects its adjusted per-share earnings in the range of $2.64 to $2.68, compared with estimate of $2.98, as per LSEG data.
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Steel Dynamics falls on Q2 EPS forecast below estimates

BUZZ-Steel Dynamics falls on Q2 EPS forecast below estimates ** Shares of steel maker Steel Dynamics STLD.O fall about 1% to $120 in premarket trade ** Company expects its Q2 EPS to be in the range of $2.64 to $2.68, below analysts' est. of $2.98 - LSEG ** "Second quarter 2024 profitability from the company's steel operations are expected to be mea
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U.S. STOCKS FuelCell Energy, Copper miners , Apollo Global Management

BUZZ-U.S. STOCKS ON THE MOVE-FuelCell Energy, Copper miners , Apollo Global Management Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The S&P 500 and the Nasdaq turned higher, while the Dow was flat on Monday as investors remained wary ahead of a key inflation readingas well as a Federal Reserve meeting this week, which could provide clues on the central bank's policy-easing pat
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U.S. STOCKS GameStop, gold miners, Honeywell

BUZZ-U.S. STOCKS ON THE MOVE-GameStop, gold miners, Honeywell Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street slipped on Monday as wary investors steered clear of risky assets ahead of a key inflation reading and a meeting of the Federal Reserve this week, which could provide clues on the central bank's policy-easing path over the next few months.
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U.S. STOCKS PG&E, ICC Holdings, Krispy Kreme

BUZZ-U.S. STOCKS ON THE MOVE-PG&E, ICC Holdings, Krispy Kreme Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street was set for a flat open on Monday as investors moved to the sidelines ahead of key inflation data and a Federal Reserve meeting scheduled for this week, looking for hints on the central bank's policy-easing stance this year.
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BMO cuts PTs of US steelmakers on pricing headwinds

BUZZ-BMO cuts PTs of US steelmakers on pricing headwinds ** BMO cuts PTs of steemakers; U.S. Steel X.N to $43 from $45, Steel Dynamics STLD.O to $140 from $145 and Nucor NUE.N to $185 from $200 ** Cites "greater-than-expected decline in sheet prices caused by ample supplies" impacting upcoming quarterly results ** Says pricing headwinds for sheet p
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Vietnam's China ties loom large in US hearing on market economy upgrade

UPDATE 1-Vietnam's China ties loom large in US hearing on market economy upgrade Updates throughout with quotes, details from U.S. Commerce Department hearing By David Lawder and David Brunnstrom WASHINGTON, May 8 (Reuters) - U.S. President Joe Biden's bid to draw Vietnam closer as a strategic ally clashed with his desire for union workers' votes on Wednesday as trade lawyers sparred over whether the Commerce Department should upgrade the communist-ruled country to market economy status.
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Vietnam's China ties loom large in US hearing on market economy upgrade

UPDATE 1-Vietnam's China ties loom large in US hearing on market economy upgrade Updates throughout with quotes, details from U.S. Commerce Department hearing By David Lawder and David Brunnstrom WASHINGTON, May 8 (Reuters) - U.S. President Joe Biden's bid to draw Vietnam closer as a strategic ally clashed with his desire for union workers' votes on Wednesday as trade lawyers sparred over whether the Commerce Department should upgrade the communist-ruled country to market economy status.
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Nucor down on lowering hot-rolled coil spot pricing

BUZZ-Nucor down on lowering hot-rolled coil spot pricing ** Steelmaker Nucor's shares NUE.N fall 2% to $170.28 ** NUE lowers spot price for its hot-rolled coil (HRC) to $760 per short ton from $825/s.ton ** "Lower US HRC price will more effectively deter imports, perhaps providing a more solid fundamental framework later in H2 2024 post the summer
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S&P 500 top and bottom performing stocks at about 12:00 p.m. EDT

BUZZ - S&P 500 top and bottom performing stocks at about 12:00 p.m. EDT S&P 500 .SPX Top Performers Percent Change Super Micro Computer Inc SMCI.OQ +5.2% Quanta Services Inc PWR.N +5.1% Micron Technology Inc MU.OQ +4.8% Aptiv PLC APTV.N +4.6% Uber Technologies Inc UBER.N +4.3% Bottom Performers Percent Change Tyson Foods Inc TSN.N -7.6% Amgen Inc A
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Steel Dynamics Inc reports results for the quarter ended in March - Earnings Summary

Steel Dynamics Inc reports results for the quarter ended in March - Earnings Summary Steel Dynamics Inc STLD.OQ reported quarterly adjusted earnings of $3.67​​ per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of $4.01. The mean expectation of ten analysts for the quarter was for earnings of $3.51 per share.
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