Orlando, FL -- (SBWIRE) -- 10/16/2013 -- 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 Companhia Siderurgica Nacional (ADR) (NYSE:SID), Spirit Realty Capital Inc (NYSE:SRC).
Companhia Siderurgica Nacional (ADR) (NYSE:SID) shares gained 3.50% to $5.32. Zacks on Sept. 19 reiterated a Neutral recommendation on Companhia Siderurgica Nacional (SID), or CSN, a renowned Brazilian steel maker.
The upgrade is the result of both growth prospects of the worldwide steel industry as well as that of SID. Instabilities in the U.S. and the Eurozone are abating while China has recently shown solid signs of growth. All these have increased demand for better infrastructure and modernized farming techniques and thus for steel. According to the World Steel Association, estimated global consumption of steel is likely to grow 2.9% in 2013 and 3.2% in 2014.
Are investors worried about the recent updates with SID? Find out with a free trend analysis HERE
Spirit Realty Capital Inc (NYSE:SRC) shares jumped 1.05% to $9.59. The company on Oct. 8 announced that it has completed the sale of Camelback Mountain Resort ("Camelback"), a ski and snowboard resort located in the Pocono Mountains in Pennsylvania, for $69.25 million, representing a significant gain on its original investment. Spirit Realty will redeploy the proceeds into investments that are consistent with its proven strategy in an effort to continue to generate attractive, sustainable cash flows to support its dividend for shareholders.
Additionally, the company announced that it will release its third quarter 2013 financial results after market close on Monday, November 11, 2013. Spirit Realty Capital will host a conference call to discuss the results at 5:00 p.m. Eastern Time the same day.
Is SRC going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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