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 http://marketbuzzreport.com/index.php?code=AAMRQ (Or Copy and paste the URL 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 http://marketbuzzreport.com/index.php?code=AKS (Or Copy and paste the URL 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: http://marketbuzzreport.com/index.php?code=VALE (Or Copy and paste the URL 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.
USMarketBuzz.com is an investment community that Focuses on MicroCap Securities. USMarketBuzz.com is an authorative authentic Google News Site and Leading Provider of Investment Awareness and Featured Company Profiles. If you would like more information regarding our news coverage solutions, please visit http://www.USMarketBuzz.com/ for more details. Get an edge on the market with our Premium News Alerts that are FREE for a limited time at http://www.USMarketBuzz.com/. Follow us on Facebook: https://www.facebook.com/usmarket.buzz Sign up for our FREE SMS News alerts delivered directly to your mobile phone by texting the word PREPROMO to 27126. (SMS alerts are free, however data rates may apply, check your wireless plan for details.)
DISCLAIMER: FNNewswire (FNNW) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNNW is NOT affiliated in any manner with MarketBuzz Reports, USMarketBuzz.com or any company mentioned herein. The commentary, views and opinions expressed in this release by MarketBuzz Reports and USMarketBuzz.com are solely those of the MarketBuzz Reports & USMarketBuzz.com and are not shared by and do not reflect in any manner the views or opinions of FNNW. The companies that are discussed herein may or may not have approved the statements made in this release. FNNW is not liable for any investment decisions by its readers or subscribers FNNW and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNNW was not compensated by any public company mentioned herein to disseminate this press release.
FNNW HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNNW undertakes no obligation to update such statements.
FNNW Contact Information:
Company: FN Newswire
Contact email: email@example.com
U.S. Phone: +1(954)345-0611
SOURCE FN Media Group, LLC