Timken Co. Larger Than S&P 500 Component SAIC Inc Friday, April 19, 4:58 PM ET, by Market News Video Staff In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Timken ...
RS Breaks Above 2% Yield Territory Thursday, April 25, 3:23 PM ET, by Market News Video Staff In trading on Thursday, shares of Reliance Steel & Aluminum Co. (RS) were yielding above ...
Allegheny Technologies (NYSE:ATI) said today it has agreed to acquire Ladish (LDSH) for $778 million. Ladish shareholders will receive $24 per share in cash, and 0.4556 shares of Allegheny stock. Allegheny said the acquisition better positions it to capitalize on secular growth trends in key markets.
Ladish shares are trading hgher by 56% today, while Allegheny shares are trading lower by just 0.5%.
Allegheny is the sixth-largest holding in the Steel ETF (AMEX:SLX), at 4.66% of the fund. UK-listed Rio Tinto is the top holding, at 12.38%, followed by Vale (NYSE:VALE) at 11.81% of the portfolio. Arcelor Mittal (NYSE:MT), Posco (NYSE:PKX), and Timken (NYSE:TKR) are also ahead of Allegheny in the holdings.
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors — anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.
This Article's Word Cloud:AMEXAlleghenyCallDefinitionDefinitionsETFsInvestmentLadishNYSEPortfolioPoscoRelevantShortSteelStockValeagreedaheadallowsassetbondscashclassescompletelycountriesdesignedfollowedgrowthholdingjustlargestleadslistedlowermillionportfoliosaidsecularshareshareholderssharesshortsixthstockstermstheretodaytradingtrendswhile
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
Now Playing:
The Importance of ETFs
Analyst Moves: ANF, YUM, BLK
TiVo Falls As Settlement Disappoints
Analyst Moves: CVI, OXY, AINV
ADP Jobs Report Disappoints
Friday Sector Laggards: Precious Metals, Metals & Mining Stocks
Friday Sector Leaders: Trucking, Autos