Orlando, FL -- (SBWIRE) -- 09/18/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On United States Steel Corporation (NYSE:X), Chimera Investment Corporation (NYSE:CIM).
United States Steel Corporation (NYSE:X) shares climbed 2.60% to $20.51. Analysts at BMO Capital Markets assumed coverage on shares of United States Steel in a research report issued to clients and investors on Sept. 17. The firm set a “market perform” rating on the stock. Separately, Wellington Shields started coverage on shares of United States Steel Corp. in a research note released on Sept. 6. The firm issued a hold rating on the stock
Additionally, Workers locked out at U.S. Steel Corp's (NYS:X) Lake Erie works in Canada have voted to accept a contract offer, according to results posted on their union's website late on Sept. 3. The union said 79 percent of its members participated in the vote, and 57 percent voted to accept the deal. The lockout, which started on April 28 and affected about 1,000 workers, shut down raw steel production at the Ontario mill, weighing on U.S. Steel's financial results.
Moreover, the company’s Chairman and CEO John P. Surma on August 16 announced that David B. Burritt will succeed Gretchen R. Haggerty as executive vice president and chief financial officer. Burritt, who served as chief financial officer and vice president of global finance and strategic services for Caterpillar Inc. from 2004 to 2010, will report directly to Mario Longhi effective Sept. 1. Haggerty will retire effective Aug. 31.
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Chimera Investment Corporation (NYSE:CIM) shares fell 0.34% and closed at $2.95. The company on Sept. 3 announced that it has received an extension for continued listing and trading of the Company’s stock on the New York Stock Exchange (NYSE).
The extension granted by the NYSE, which is subject to review by the NYSE on an ongoing basis, provides the Company until January 31, 2014 to file its 2012 Annual Report on Form 10-K with the Securities and Exchange Commission. During the extension period, trading of the Company’s shares on the NYSE will remain unaffected.
Additionally, The Board of Directors of Chimera Investment Corporation (CIM) on August 23 declared the third quarter 2013 common stock cash dividend of $0.09 per common share. This dividend is payable October 31, 2013, to common shareholders of record on October 4, 2013. The ex-dividend date is October 2, 2013.
Is CIM going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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