HIGHLAND HILLS, Ohio _ Olympic Steel Inc. on Thursday reported a loss of $26.9 million in its fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share. Olympic Steel shares have dropped 22 percent since the beginning of the year.
It was a literal flood of economic numbers this week for the Fed and investors to chew on—ending with Friday's employment report. This is Talking Squawk.
Stocks accelerated their selloff in the final minutes of trading to close down more than 1 percent across the board Monday, as initial euphoria over Spain's bank bailout fizzled and amid ongoing fears over a global economic slowdown.
Here's why you should keep a close eye on these six stocks.
The week was a mixed bag of economic and market news, most of it on the negative side. Oil prices continued to hit record highs, the market officially entered bear territory and the European Central Bank socked it to the U.S. by raising rates a quarter-point. Despite all of this, CNBC guests found bright spots in steel, financials, tech and international stocks.
Nearly 1.2 billion shares and $16 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Check out the bets being made today...
With the Dow Jones steel index increasing 40 percent in the last year and 5 percent in the last month -- and raw materials in high demand -- Mark Parr of KeyBanc Capital Markets offered stock picks to get in on the trading action.
“We think this continues to be a very fertile place for solid capital gains over the next 12 months," one stock picker says of the steel industry.
Nearly 2.0 billion shares and $31 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...