Important News & Updates: AMR Corporation, AK Steel Holding, Vale SA, SolarCity, Alcoa

Nov 05, 2013, 08:47 ET from FN Media Group, LLC

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  (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.

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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:  (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:  (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:  (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. is an investment community that Focuses on MicroCap Securities. 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   for more details. Get an edge on the market with our Premium News Alerts   that are FREE for a limited time at Follow us on Facebook: 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.)

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