day trading futures

Barclays’ Matthew Korn and team upped their targets prices on AK Steel (AKS) and US Steel (X) thanks to rising steel prices but contend they’re still expensive:

Reuters

Steel prices are skyrocketing and should continue to rise near term, but we expect supplies to loosen and tags to soften over 2H: Even in hindsight it��s tough to look back to February and see how lower service center inventories, reduced scrap flows, preliminary U.S. trade case decisions, and Chinese mill outages together ignited a HRC price increase of $119/t (+30%) in less than eight weeks. That said, the reality is that domestic supplies are tight, scrap prices are gapping up, and import availability is thin just as activity picks up for the spring. We increase our steel price assumptions and raise our price targets across the whole group, but we still expect pricing to come down over 2H as overseas production ramps back up and domestic scrap flows improve. Integrated producers US Steel and AK Steel still look expensive on our new estimates; however, these stocks should benefit in the near term from the momentum driving HRC pricing.

day trading futures: Logitech International S.A.(LOGI)

Advisors' Opinion:

• [By Lisa Levin]

  Mad Catz Interactive, Inc. (USA) (NYSE: MCZ) shares were also up, gaining 35 percent to $0.260 as the company disclosed that it has sold its Saitek simulation product line to Logitech International SA (USA) (NASDAQ: LOGI) for $13 million in cash.

day trading futures: Rovi Corporation(ROVI)

Advisors' Opinion:

• [By Lisa Levin]

  TiVo Inc. (NASDAQ: TIVO) shares were also up, gaining 20 percent to $9.22. The New York Times reported that Tivo and Rovi Corporation (NASDAQ: ROVI) are in merger talks.

• [By Lisa Levin]

  TiVo Inc. (NASDAQ: TIVO) shares were also up, gaining 21 percent to $9.30. The New York Times, citing sources familiar with the issue, said Rovi Corporation (NASDAQ: ROVI) is in advanced negotiations to acquire TiVo. TiVo shareholders would reportedly receive both cash and stock; however, the price tag is yet to be determined.

• [By Emily Stewart]

  Rovi (ROVI) is a new second-quarter acquisition for Soros, who as of the end of the period owns 4.1 million shares worth $63.6 million.

  Rovi is engaged in the discovery, delivery, display and monetization of digital entertainment by providing a broad set of integrated solutions. It has a $1.8 billion market cap. 

day trading futures: Rhino Resource Partners LP(RNO)

Advisors' Opinion:

• [By Alexis Xydias]

  Investors are regaining confidence, squeezing pessimists who say the economy remains sluggish outside of Germany and point to record-low trading volume as a lack of conviction in the Euro Stoxx��s 61 percent rally of the past two years. Besides gains in stocks from Banco Bilbao Vizcaya Argentaria SA to Renault SA (RNO), yields on Spanish and Italian bonds have declined to a two-year low compared with German bunds and the euro has strengthened 4.6 percent to $1.35 in the past six months.

day trading futures: Pacific Gas & Electric Co.(PCG)

Advisors' Opinion:

• [By David Dittman]

  PG&E Corp (NYSE: PCG), Edison International (NYSE: EIX) and Sempra Energy (NYSE: SRE) are the parent entities of California’s investor-owned utilities.