AK Steel Shares Could Gain Two-Thirds its Value

AK Steel Holding Corp. (NYSE:AKS)

Morgan Stanley (NYSE:MS) went to bat for AK Steel Corp. (NYSE:AKS) in a big way implying AKS shares could gain more than 66% in the next 12 months.

Steel Stocks Still Trading Cheap (NUE, X, AKS)

Steel

Big steel has been overlooked lately and the best of the bunch are hanging out near 12 month lows, such as Nucor Corp. (NYSE:NUE) now just 9% away from its 52-week low.  Steel won't trade this low forever and that goes for U.S. Steel Corp. (NYSE:X) and AK Steel Holding (NYSE:AKS) as well.

Dow Jones Back to 10,000 Fueled by Citigroup, AK Steel, Goldman Sachs

Dow Jones at 10,000

Major equities staged a late day comeback as the Dow Jones Ind. peaked back above 10,000.  Leading the charge was AK Steel (NYSE:AKS) moving up 12%, Goldman Sachs (NYSE:GS) gaining 4.65% and Citigroup (NYSE:C) as the most active stock.

Heavy Volume for Marshall & Ilsley, AK Steel and Blockbuster Inc. (NYSE:MI),(NYSE:AKS),(NYSE:BBI)

Volume-Up.jpg

Today’s stocks undergoing heavy volume trading include Marshall & Ilsley Corporation (NYSE:MI), AK Steel Holding Corporation (NYSE:AKS) and Blockbuster Inc. (NYSE:BBI).  Read on for more information.

Corporate America Forced to Pay Millions for Health Care Reform (NYSE:T),(NYSE:CAT),(NYSE:AKS)

Health Care Industry

AT&T (NYSE:T) has to cough up $1 billion, Caterpillar Inc (NYSE:CAT) is on the hook for $100 million and AK Steel Corp. (NYSE:AKS) will be hit with $31 million in charges.  Part of the new healthcare law places a federal income tax on government subsidies given to companies that provide retirees and their spouses with drug benefit plans. The 28% subsidy was created as Medicare Part D, adding a prescription plan for senior citizens to the Medicare Act of 2003.

Volume Stocks: Disney, AIG and AK Steel (NYSE:DIS),(NYSE:AIG),(NYSE:AKS)

Upgrades.jpg

Stocks checking in with unsually high volume today as compared to average daily volume include The Walt Disney Company (NYSE:DIS), American International Group, Inc. (NYSE:AIG) and AK Steel Holding Corporation (NYSE:AKS).

China’s Demand for Steel (NYSE:X),(NYSE:AKS)

US-Steel-Corp.png

United States Steel Corporation (NYSE:X) and AK Steel Holding Corporation (NYSE:AKS) just may be a big part of the next up and coming bubble.

On Deck for Earnings this Week: AK Steel, Energizer Holdings, and E*TRADE (AKS, ENR, ETFC)

Investing Ideas (3)

Reporting earnings this week are AK Steel Holding Corporation (NYSE:AKS), Energizer Holdings, Inc. (NYSE:ENR) and on Wednesday E*TRADE Financial Corporation (NASDAQ:ETFC).

AK Steel Shares Climb 30% in 30 Days

AK Steel Holding Corp. (NYSE:AKS)

AK Steel Holding Corp. (NYSE:AKS) shares have been on a tear since November, in the last 30 days AKS has jumped from $15 to today's price of $20.90.  Thanks to Goldman's hat tip on American Steel stocks yesterday AK Steel is enjoying a healthy 4.5% jump today.

Steel is Strong (NYSE: X), (NYSE: AKS), (NYSE: NUE)

Steel

Not only did United States Steel Corporation (NYSE:X) benefit from the upgrade issued by Goldman Sachs, but it appears that AK Steel Holding Corporation (NYSE:AKS) and Nucor Corporation (NYSE:NUE) also received a little bump too. 

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