Read/Post Comments (0) | Recommended this article (0)
Please login to Zacks.com or register to post a comment.
Zacks' 7 Best Stocks
for July, 2013
FREE Report for Zacks.com
Visitors Only
Visitors Only
They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.
Today, you can see them free.
- Latest News
- Most Popular
- How to Invest in QE's Twilight
- RTI: Fed Keeps QE Pace Unchanged
- ETFs on the Move After Bernanke's Press Conference
- Roundtable Top Picks of the Week
- FED Front & Center Again
- RTI: Sector Strength Charts - Where's the Opportunity Now?
- Surging Financial ETFs Beating the Market
- Utility Industry Stock Outlook - June 2013
- Your Next Stock Should Be Making New Highs
- PFP 6/20: I Am FED UP!
- AWS 6/19: Will Bernanke Clarify Matters Today?
Recent Quotes
| No Recent Quote currently available |
My Portfolio
|
My Portfolio Tracker One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today. |
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
Zacks #1 Stocks on the Move 06/19/2013
| Company Name | Symbol | %Change |
|---|---|---|
| SONIC FOUNDR | SOFO | 4.40% |
| SUPPORT.COM | SPRT | 3.75% |
| UNISYS | UIS | 3.31% |
| SHORETEL INC | SHOR | 3.22% |
| GREEN MTN CO | GMCR | 3.13% |
Quick Links
Resources
Client Support
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Accredited Business.
Copyright 2013 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext. 9339.
Mining and natural resources company Cliffs Natural Resources Inc. (CLF - Analyst Report) has announced its decision to temporarily idle its Wabush Pointe Noire pellet plant in Sept-Iles, Canada, by the end of second-quarter 2013. The decision is due to high production costs and lower pellet premium pricing, which are expected to persist in certain markets throughout the year.
Product mix at Cliffs’ Eastern Canadian Iron Ore business segment contains iron ore pellets and concentrate. Cliffs plans to temporarily shutdown its iron ore pellet plant at Pointe Noire and shift to producing an iron ore concentrate-only product from its Wabush Scully mine in the Province of Newfoundland and Labrador by the end of second-quarter 2013.
The decision to temporarily idle the plant will impact roughly 165 families who were involved in the operations at the plant. However, Cliffs will provide these employees with other employment opportunities.
Cliffs forecasts sales and production volume of 9 million-10 million tons for 2013 at its Eastern Canada business segment. This includes roughly 3 million tons of both iron ore pellets and concentrate products from its Wabush operation and the remaining expected sales volume from Bloom Lake mine.
Cash cost per ton at Eastern Canadian Iron Ore is anticipated to be $95-$100, whereas cash cost per ton at Wabush is expected to be $115-$120 for full-year 2013.
Cliffs, one of the prominent iron-mining companies along with Vale S.A. (VALE - Analyst Report), Alderon Iron Ore Corp. (AXX - Snapshot Report) and African Minerals Limited (AMLZF), released mixed fourth-quarter 2012 results last month.
Cliffs’ adjusted earnings for the fourth quarter missed the Zacks Consensus Estimate. Cliffs swung to a loss on a reported basis on sizeable charges. Revenues declined year over year on lower pricing but beat the Zacks Consensus Estimate.
Cliffs expects the pricing environment to remain volatile in 2013. Cliffs remains hamstrung by lower iron ore pricing, partly due to the slowdown in Chinese demand and oversupply in the industry. The prices for commodities are expected to remain under pressure due to the uncertain economic environment. Cliffs also contends with higher labor and mining costs.
Cliffs currently retains a Zacks Rank #3 (Hold).
Get the full Analyst Report on VALE - FREE
Get the full Analyst Report on CLF - FREE
Get the full on AMLZF - FREE
Get the full Snapshot Report on AXX - FREE