Catapult Solutions News
China Precision Steel (CPSL) Explodes to One-Year High
China Precision Steel CPSL exploded to a one-year high of $3.75 on Thursday on higher-than-average volume. The stock had amassed a volume of more than 1.5 million as of 2:40 p.m., more than 100 times its average of 14,925. The company made no announcements this week but reported its second-quarter results in mid-February. China Precision Steel reported revenue of $11.9 million, gross loss of $5.1 million, net loss of $13 million, fully diluted loss per share of $3.34 and international sales of $0.2 million, which accounted for 2% of total sales.
China Precision Steel Inc. Stock Downgraded (CPSL)
China Precision Steel (Nasdaq:CPSL) has been downgraded by TheStreet Ratings from from a hold to sell.
China Watch: On Top of the World
RealMoney.com contributor David Sterman says China is still the number one global play right now - so this week we delve into what the government is doing to ensure future growth. From an interview with China Precision Steel CFO Leada Li where we get the scoop on how the Chinese government's recent stimulus package will affect the company, to retail picks and the right way to get in on Baidu - we give you all sorts of ways to play the Chinese market.
China Watch: Name of the Game is ALT-NRG
This week, we discuss where JASO stands in the realm of alternative energy stocks, and why it's still a good time to get in on this sector, although many people are running from it. We also discuss why a stronger dollar means better investing in China, and why U.S. firms are pouring cash into the country.
A New Take on the Big Mac (May Be) Headed to U.S. McDonald's Menus
This is very different than the Big Mac you know and love.
We're Enduring 'Housing Recession,' Homebuilders' Economist Says
The builder confidence index breached the break-even measure of 50 in August for the first time since May 2020.