Orlando, FL -- (SBWIRE) -- 10/07/2013 -- 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 AK Steel Holding Corporation (NYSE:AKS), Alcoa Inc (NYSE:AA).
AK Steel Holding Corporation (NYSE:AKS) shares gained 3.88% to $4.02. The company on Sept. 30 said that is has filed antidumping duty petitions charging that unfairly low-priced imports of non-oriented electrical steel ("NOES") from six countries are causing material injury to the company. AK Steel also filed countervailing duty petitions alleging that NOES producers in China, Korea and Taiwan have been heavily subsidized by their respective governments. The petitions were filed with the U. S. Department of Commerce ("Commerce Department") and the U. S. International Trade Commission ("ITC").
Additionally, the company said that it plans to release its third quarter 2013 financial results before the opening of trading on the New York Stock Exchange on Tuesday, October 22, 2013.
Are investors worried about the recent updates with AKS? Find out with a free trend analysis HERE
Alcoa Inc (NYSE:AA) shares gained 1.27% to $7.96. The company on Sept. 23 was awarded Metal Bulletin's top innovation prize for the company's breakthrough technology enabling the production of more aluminum-intensive vehicles. Alcoa's invention, an aluminum bonding technology, won "Best Product Innovation" of 2013 at the publication's Global Awards for Aluminium Excellence in Geneva.
Additionally, Alcoa’s stock on Oct. 1 is downgraded to Sell from Hold with a $5.50 price target, down from $9, at Deutsche Bank, which cites a deteriorating outlook stemming from lower aluminum prices.
Is AA going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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