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Bullish options activity has spiked for AK Steel on rumors that it might be taken over by United States Steel.
Stocks closed slightly higher as Wall Street welcomed news that House-Senate negotiators had reached agreement on an economic stimulus bill.
Stock index futures indicated just a small rise at the open following Tuesday's sharp selloff, as investors continued to sift through the details of the governments new bank bailout plan.
In this Web Extra, the traders reveal how they're gaming earnings from steel maker ArcelorMittal as well as oil inventories and the latest read on the housing market.
We’ve said it before, but this year, more than any other, you’ve got to be nimble. Find out how Jon Najarian recommends trading!
Shares of Arcelor Mittal are rising along with increased options activity, ahead of the steel company's earnings report Wednesday.
The Dow rallied for a second day on Friday on hopes Washington's stimulus package and a bank rescue plan will bolster the ailing economy.
The mood is more serious that last year, but not more somber. A few intense discussions were drawing in participants from around the center in between session, although the requisite numbers were propped up at the Plenary Bar--a notable meeting spot.
Gerdau is a Brazil-based steel manufacturer that has seen its shares crushed. Trading in the mid-$20s last summer, GGB has fallen some 25 percent just in the last week or so. But as shares traded around $6.47 this morning, someone goes out and buys 8,200 March 12.50 calls for $0.10. Does someone see a takeover brewing?
That we didn't see it is a good sign. This is what is called a "consolidation phase," and while it does not guarantee the rally will continue, it is an encouraging sign.
Another day, another rumor that AK Steel is going to be taken over. While we have no information that can confirm or deny the interest, we do note unusually high options activity.
As construction-related names pick up steam with President-elect Obama's infrastructure plans, Century Aluminum is moving higher and seeing increased options activity.
Following are the day’s biggest winners and losers. Find out why shares of Goldman Sachs and Ford popped while Chesapeake Energy and eBay dropped.
Options traders are showing bullish activity today in Nucor, the U.S.' largest recycler of steel scrap, which is down 70 percent from its summertime high. So what does this mean for you?
The Dow staged a monster rally on Thursday, as bargain hunters rushed back into the market to scoop up beaten-down shares.
Like most analysts, Rod Lache has concluded that a government bailout is not likely to help the shares, that even with a bailout GM's future, if it is not in bankruptcy, is likely to be "bankruptcy-like."
The Dow picked up gains on Friday with investors gobbling up shares of commodity and tech stocks currently trading at multi-year lows.
Stocks sold off on Thursday in their worst two-day slide since October 1987 with disappointing corporate outlooks and bleak sales from major retailers fueling invsetor fears.
The Dow plummeted on Wednesday, a day after Barack Obama's historic victory, as a fresh batch of dismal economic data underscored the massive challenges awaiting his administration.