SOURCE: Stock Market Alerts

January 04, 2010 09:10 ET

Breaking Market News: China Direct Industries - January 4, 2010

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Stock Market Alerts LLC.

MIAMI, FL--(Marketwire - January 4, 2010) - Stock Market Alerts' performance stock list includes: China Direct Industries, Inc. (NASDAQ: CDII), Alcoa, Inc. (NYSE: AA), Goldcorp Inc. (NYSE: GG) and Nucor Corp (NYSE: NUE).

This morning, China Direct Industries, Inc. (NASDAQ: CDII) announced financial outlook for its fiscal 2010 year ending September 30, 2010. The company is a U.S. owned holding company operating in China in two core business segments, pure magnesium production and distribution of basic materials.

As a result of improved visibility in the operations of its subsidiaries in China, coupled with continued price stabilization and improvement in demand in its magnesium segment, management has decided to reinitiate providing an annual financial outlook. Management sees improvement across all its business areas resulting in revenues for the full fiscal year of 2010 ranging between $130 and $150 million with net income ranging from $8 to $10 million. This guidance is predicated on management's believe that magnesium prices and demand will continue to gradually improve in the fiscal year. Management also believes its consulting operations will improve significantly as global markets continue to strengthen for small to medium sized Chinese entities.

Commenting on its outlook, Dr. James Wang, Chairman and CEO of China Direct Industries, Inc. stated, "We have navigated the company through unprecedented difficulties and have worked diligently to remain in a solid financial position with operations capable of resuming growth when markets improved. We believe that that time is on hand in 2010 and we intend to work diligently on a return to profitability and a resumption of growth for all our businesses in China and the U.S. We are confident in our ability to deliver and optimistic that our end markets will continue to solidify and improve as we move throughout fiscal 2010."

The stock closed at $1.18 a share.

For an in-depth profile of China Direct Industries, Inc. (NASDAQ: CDII), visit http://www.wallstreetenews.com/view-company-profiles.php?profile=CDII_072909.

Alcoa, Inc. (NYSE: AA) down 1.1% on 16.5 million shares traded.

Alcoa, Inc. is one of the world leaders in the production and management of primary aluminum, fabricated aluminum and alumina combined, through its active and growing participation in all major aspects of the industry.

Goldcorp Inc. (NYSE: GG) up 1% on 4.2 million shares traded.

Goldcorp is the lowest-cost and fastest growing multi-million ounce gold producer with operations throughout the Americas. Its gold production remains 100% unhedged.

Nucor Corp (NYSE: NUE) down 0.8% on 2.2 million shares traded.

Nucor Corporation is one of the largest producers of steel and steel products in the U.S.

This advertisement is provided by Wall Street Enews, a division of Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company." The company also maintains a contractual, working relationship with Wall Street Capital Funding LLC. and its Wall Street News Alert brand. For current services performed for China Direct Industries, Inc. (NASDAQ: CDII), Sunwin International Neutraceuticals, Inc., Dragon Capital Group Corp, China America Holdings, China Armco Metals, Inc. and Dragon International Group Corp., the company has been compensated a total of Three Hundred Thousand Dollars (Two Hundred and Fifty Thousand dollars for current services and Fifty Thousand dollars for previous services) by China Direct Investments Inc., a Florida corporation, and a wholly owned subsidiary of China Direct. The company does not hold any shares of the stock. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.

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