Tuesday, December 23, 2014

Top 10 Trucking Companies For 2014

May certainly ended on a confusing note for the broad-based S&P 500 (SNPINDEX: ^GSPC  ) , despite tacking on gains for the seventh consecutive month.

Like yesterday, which saw us rise on what I would have deemed somewhat poor economic news, the S&P 500 fell today on what appeared to be upbeat economic data. The Chicago PMI, which is a measure of manufacturing strength in the Midwest, surged to a reading of 58.7 in May, which is a strong reversal from the slight contraction it experienced in April. Furthermore, the final reading on the University of Michigan consumer sentiment index came in at 84.5, and signals that people are more confident in this recovery than they've been in years.

All that data went for naught, however, as the S&P 500 succumbed to the worries that it's come too far, too fast, and tumbled 23.67 points (-1.43%), to close at 1,630.74. In spite of today's downdraft, three companies bucked today's weakness and moved higher.

Diesel and natural gas engine maker Cummins (NYSE: CMI  ) turned in a strong gain of 1.7% despite no company-specific news. In this case, I'd postulate that today's move related to the bullish Chicago PMI data, which would suggest that manufacturing activity is picking up, and that the need for newer, more fuel-efficient engines to power trucking fleets will soon follow. Cummins was certainly sitting prettier when natural gas prices were in the $2/mbtu range, but even now looks like a fantastic value, with natural gas prices topping $4/mbtu, given the high prices of traditional gasoline, and the need for trucking companies to save over the long term by investing now in fuel-efficient engines.

Top 5 Managed Healthcare Stocks To Watch Right Now: Protalix Biotherapeutics Inc (PLX)

Protalix BioTherapeutics, Inc. is a biopharmaceutical company focused on the development and commercialization of recombinant therapeutic proteins based on its ProCellEx protein expression system, ProCellEx. Using its ProCellEx system, the Company is developing a pipeline of biosimilar or generic versions of recombinant therapeutic proteins based on its plant cell-based expression technology, which focuses pharmaceutical markets and that rely upon known biological mechanisms of action. ProCellEx protein expression system consists of a set of technologies and capabilities for the development of recombinant proteins, including advanced genetic engineering technology and plant cell-based protein expression methods. Its ProCellEx protein expression system is built on flexible custom-designed bioreactors made of polyethylene and optimized for the development of complex proteins in plant cell cultures. In June 2010, it had completed the preliminary phase I clinical trial of PRX-105.

Taliglucerase Alfa

Taliglucerase alfa is a plant cell expressed recombinant glucocerebrosidase enzyme (GCD) for the treatment of Gaucher disease. The Company has commenced pre-clinical studies of an oral form of taliglucerase alfa. Its oral taliglucerase alfa is a plant cell expressed form of GCD that is naturally encapsulated within carrot cells genetically engineered to express the GCD enzyme. Pre-clinical studies of oral taliglucerase alfa demonstrate the stability of the enzyme in the cell and the capacity of the cell�� cellulose wall to protect the enzyme against degradation in the digestive tract in an in-vitro model of the stomach and intestines. Additionally, rats fed with lyophilized carrot cells expressing GCD have accumulated the active enzyme in the target organs; the spleen and liver. As of December 31, 2010, the Company had completed Phase III Clinical Trial.

PRX-102

The Company is developing PRX-102, its plant cell expressed modified version of the recombinant ! alpha-GAL-A protein, a therapeutic enzyme for the treatment of Fabry disease. Fabry disease is a rare, hereditary, genetic lysosomal storage disorder in humans caused by an X-lined deficiency of the alpha-GAL-A enzyme. The Company is in the animal evaluation testing phase of the development of PRX-102, which tests are based on a mouse model for Fabry disease.

Acetylcholinesterase

Protalix Ltd. is a wholly owned subsidiary of the Company is licensed the rights to certain technology under a research and license agreement with Yissum Research and Development Company (Yissum) and the Boyce Thompson Institute, Inc. Pursuant to the agreement, the Company is developing PRX-105, a plant cell-based acetylcholinesterase (AChE) and its molecular variants for the use in several therapeutic and prophylactic indications, as well as in a biodefense program and an organophosphate-based pesticide treatment program.

As of December 31, 2010, its in-vitro experiments of PRX-105 have shown that the acetylcholinesterase enzyme in its ProCellEx protein expression system demonstrates biological activity on biochemical and cellular levels. In addition, early animal studies demonstrated that the acetylcholinesterase expressed in its ProCellEx protein expression system was able to treat animals exposed to the nerve gas agent analogues, both when injected with its acetylcholinesterase product candidate immediately before exposure or when injected after exposure. In March 2010, it initiated a preliminary phase I clinical trial of PRX-105, which the Company completed in June 2010.

pr-antiTNF

pr-antiTNF is a candidate for the treatment of certain autoimmune diseases such as rheumatoid arthritis, juvenile idiopathic arthritis, ankylosing, spondylitis, psoriatic arthritis and plaque psoriasis. The Company has designed the antiTNF as pr-antiTNF. pr-antiTNF is a plant cell-expressed recombinant fusion protein made from the soluble form of the human TNF receptor (TNFR), f! used to t! he Fc component of a human antibody domain. pr-antiTNF has an identical amino acid sequence to Enbrel and its in-vitro and preclinical animal studies have demonstrated that pr-antiTNF exhibits similar activity to Enbrel. Specifically, pr-antiTNF binds TNF thereby inhibiting it from binding to cellular surface TNF receptors and protects L929 cells from TNF-induced apoptosis in a dose-dependent manner.

The Company competes with Genzyme, Actelion, Crucell N.V., Biolex, Inc., Chlorogen, Inc., Greenovation Biotech GmbH, Symbiosys, Novartis AG/Sandoz Pharmaceuticals, BioGeneriX AG, Stada Arzneimittel AG, BioPartners GmbH and Teva.

Advisors' Opinion:
  • [By Keith Speights]

    Other investors might wish that Pfizer would use some of its cash to acquire a few smaller companies. Protalix BioTherapeutics (NYSEMKT: PLX  ) has been mentioned as one possible candidate. The two companies already partner together on Gaucher disease drug Elelyso. In February, Protalix spurred rumors that Pfizer could be interested in buying the company after it announced that it had engaged Citigroup to pursue a "broad array of strategic alternatives."

  • [By Maxx Chatsko]

    Industrial biotech isn't the only industry headed to Brazil. Protalix (NYSEMKT: PLX  ) entered into a technology transfer agreement with Brazil's Ministry of Health last week that will pay the company $280 million. The deal is big news for Protalix's first product, Elelyso/Uplyso, which was developed with partner Pfizer (NYSE: PFE  ) . The treatment is approved as an enzyme replacement therapy, or ERT, for adults with type 1 Gaucher disease, and it marks a huge step forward for the future of biomanufacturing. In the following video, Fool contributor Maxx Chatsko explains what this means for the product's commercialization and the adoption of Protalix's novel plant cell-based expression system for therapeutic proteins.

Top 10 Trucking Companies For 2014: PPG Industries Inc.(PPG)

PPG Industries, Inc. manufactures and supplies protective and decorative coatings. The company offers coatings products for automotive and commercial transport/fleet repair and refurbishing, specialty coatings for signs, and light industrial coatings; and sealants, coatings, and technical cleaners/transparencies for commercial, military, regional jet, general aviation aircraft, and transparent armor for military land vehicles. It also provides coatings and finishes for the protection of metals and structures to metal fabricators, heavy duty maintenance contractors, and manufacturers of ships, bridges, rail cars, and shipping containers; and coatings to painting and maintenance contractors. In addition, PPG sells industrial and automotive coatings to manufacturing companies; adhesives and sealants for the automotive industry; metal pretreatments and related chemicals; and coatings and inks for aerosol, food, and beverage containers. Further, it supplies lenses, sunlenses, a nd optical lens materials; amorphous precipitated silicas for tire and battery separator markets; and Teslin substrate used in radio frequency identification tags and labels, e-passports, drivers? licenses, and identification cards applications. Additionally, PPG offers chlor-alkali and derivative products, such as chlorine, caustic soda, vinyl chloride monomer, chlorinated solvents, calcium hypochlorite, ethylene dichloride, hydrochloric acid, and phosgene derivatives to chemical processing, rubber and plastics, paper, minerals, metals, and water treatment industries. It also produces flat glass and continuous-strand fiber glass for commercial and residential construction, wind energy, energy infrastructure, transportation, and electronics industries. PPG sells its products through company-owned stores, home centers, paint dealers, and independent distributors, as well as directly to customers worldwide. The company was founded in 1883 and is headquartered in Pittsburgh, Pe nnsylvania.

Advisors' Opinion:
  • [By Monica Gerson]

    PPG Industries (NYSE: PPG) is projected to report its Q1 earnings at $1.87 per share on revenue of $3.63 billion.

    Chipotle Mexican Grill (NYSE: CMG) is expected to report its Q1 earnings at $2.86 per share on revenue of $873.83 million.

  • [By Shauna O'Brien]

    PPG Industries, Inc. (PPG) announced on Monday morning that it has agreed to acquire Consorcio Comex, S.A. de C.V.

    PPG will acquire architectural and industrial coatings company Consorcio Comex for approximately $2.3 billion. The deal is subject to regulatory approvals and customary closing conditions. PPG reported that it plans to fund the deal with currently held cash and short term investments.

    Comex is Mexico-based coatings manufacturer that sells its products in 3,600 stores in Mexico and Central America. The company is a privately held company and�was founded in 1952.

    PPG Dividend Snapshot

    As market close on June 27, 2014

    Click here to see the complete history of PPG dividends.

    PPG Industries shares were up $5.97, or 2.93% during pre-market trading Monday. The stock is up 7.59% YTD.

  • [By Victor Selva]

    PPG Industries Inc. (PPG) is a global supplier of paints, coatings, optical products, specialty materials, glass and fiber glass.

    In this article, I'll take a look at this company and try to explain to investors the reasons this is an apparently appealing investment.

  • [By Monica Gerson]

    PPG Industries (NYSE: PPG) is expected to report its Q3 earnings at $2.34 per share on revenue of $3.96 billion.

    Nucor (NYSE: NUE) is estimated to report its Q3 earnings at $0.39 per share on revenue of $4.78 billion.

Top 10 Trucking Companies For 2014: American Midstream Partners LP (AMID)

American Midstream Partners, LP, incorporated on August 20, 2009, owns, operates, develops and acquires a portfolio of natural gas midstream energy assets. The Company is engaged in the business of gathering, treating, processing and transporting natural gas through its ownership and operation of 10 gathering systems, four processing facilities and a 50% non-operating interest in a fifth plant, two interstate pipelines and four intrastate pipelines. Its assets are located in Alabama, Louisiana, Mississippi, Tennessee and Texas, provide infrastructure, which links producers and suppliers of natural gas to diverse natural gas markets, including interstate and intrastate pipelines, as well as utility, industrial and other commercial customers. In December 2013, American Midstream Partners, LP acquired Blackwater Midstream Holdings, LLC from an affiliate of ArcLight Capital Partners, LLC. In February 2014, Penn Virginia Corporation sold all of its Eagle Ford Shale natural gas midstream assets to the Company.

The Company operates in two segments: Gathering and Processing, and Transmission. In its gathering and processing segment, it receives fee-based and fixed-margin compensation for gathering, transporting and treating natural gas. Where it provide processing services at the plants that it owns, or obtain processing services for its own account under its elective processing arrangements. During the year ended December 31, 2012, it owned four processing facilities that produced an average of approximately 49.9 million gallons of liquid per day of gross natural gas liquids (NGLs). In addition, under its elective processing arrangements, it contracts for processing capacity at a third-party plant where it has the option to process natural gas that it purchases. During 2012, under these arrangements, it sold an average of approximately 27.9 million gallons of liquid per day of net equity NGL volumes. It also receives fee-based and fixed-margin compensation in its transmission segment related to ! capacity reservation charges under its firm transportation contracts and the transportation of natural gas.

Gathering and Processing

The Company�� gathering and processing segment provides wellhead to market services for natural gas to producers of natural gas and oil, which include transporting raw natural gas from various receipt points through gathering systems, treating the raw natural gas, processing raw natural gas to separate the NGLs and selling or delivering pipeline quality natural gas, as well as NGLs to various markets and pipeline systems. It gathers and processes natural gas pursuant to arrangements, including fee-based arrangements, fixed-margin arrangements and percent-of-proceeds arrangements.

The Company competes with Tennessee Gas Pipeline (TGP), Gulf South and ANR.

Transmission Segment

The Company�� transmission segment transports and delivers natural gas from producing wells, receipt points or pipeline interconnects for shippers and other customers, which include local distribution companies (LDCs), utilities and industrial, commercial and power generation customers. Results of operations from its transmission segment are determined by capacity reservation fees from firm transportation contracts and the volumes of natural gas transported on the interstate and intrastate pipelines it owns. Its transportation arrangements include firm transportation arrangements, interruptible transportation and fixed-margin contracts. Its Midla and AlaTenn systems are interstate natural gas pipelines. Its Bamagas system is a Hinshaw intrastate natural gas pipeline, which travels west to east from an interconnection point with TGP in Colbert County, Alabama to two power plants owned by Calpine Corporation (Calpine), in Morgan County, Alabama. The Bamagas system consists of 52 miles of high pressure, 30-inch pipeline with a design capacity of approximately 450 million cubic feet per day.

The AlaTenn system is an intersta! te natura! l gas pipeline that interconnects with TGP and travels west to east delivering natural gas to industrial customers in northwestern Alabama, as well as the city gates of Decatur and Huntsville, Alabama. Its AlaTenn system has a design capacity of approximately 200 million gallons of liquid per day and is consisted of approximately 295 miles of pipeline with diameters ranging from three to 16 inches and includes two compressor stations with combined capacity of 3,665 horsepower. The AlaTenn system is connected to four receipt and 61 delivery points, including the Tetco Pipeline system, an interstate pipeline owned by Duke Energy Corporation, and the Columbia Gulf Pipeline system, an interstate pipeline owned by NiSource Gas Transmission and Storage.

The Company�� Midla system is an interstate natural gas pipeline with approximately 370 miles of pipeline linking the Monroe Natural Gas Field in Northern Louisiana and interconnections with the Transco Pipeline system and Gulf South Pipeline system to customers near Baton Rouge, Louisiana. Its Midla system also has interconnects to Centerpoint, TGP and Sonat along a high-pressure lateral at the north end of the system, called the T-32 lateral. Its Midla system is located near the Perryville Hub, which is a hub for natural gas produced in the Louisiana and broader Gulf Coast region, including natural gas from the Haynesville shale, Barnett shale, Fayetteville shale, Woodford shale and Deep Bossier formations of Northern Louisiana, Central Texas, Northern Arkansas, Eastern Oklahoma and East Texas, respectively. The Midla system is connected to nine receipt and 19 delivery points. The northern portion of the system, including the T-32 lateral, consists of approximately four miles of high pressure, 12-inch diameter pipeline. Natural gas on the northern end of the Midla system is delivered to two power plants operated by Entergy by way of the T-32 lateral and the CLECO Sterlington plant by way of the Sterlington lateral.

The Company�� s mainlin! e of the system has a design capacity of approximately 198 million cubic feet per day and consists of approximately 172 miles of low pressure, 22-inch diameter pipeline with laterals ranging in diameter from two to 16 inches. During 2012, average throughput on the Midla mainline was approximately 72.7 million cubic feet per day. The southern portion of the system, including interconnections with the MLGT system and other associated laterals, consists of approximately two miles of high and low pressure, 12-inch diameter pipeline. This section of the system primarily serves industrial and LDC customers in the Baton Rouge market. In addition, this section includes two small offshore gathering lines, the T-33 lateral in Grand Bay and the T-51 lateral in Eugene Island 28, each of which are approximately five miles in length. Natural gas delivered on the southern end of the system is sold under both firm and interruptible transportation contracts with average remaining terms of two years.

The MLGT system is an intrastate transmission system that sources natural gas from interconnects with the FGT Pipeline system, an interstate pipeline owned by Florida Gas Transmission Company, the Tetco Pipeline system, the Transco Pipeline system and its Midla system to a Baton Rouge, Louisiana refinery owned and operated by ExxonMobil and five other industrial customers. Its million cubic feet per day system has a design capacity of approximately 170 million cubic feet per day and is consisted of approximately 54 miles of pipeline with diameters ranging from three to 14 inches. The MLGT system is connected to seven receipt and 16 delivery points. During 2010, average throughput on the MLGT system was approximately 50.5 million cubic feet per day.

The Company�� other transmission systems include the Chalmette system, located in St. Bernard Parish, Louisiana, and the Trigas system, located in three counties in northwestern Alabama. The approximate design capacities for the Chalmette and Trigas sys! tems are ! 125 million cubic feet per day and 60 million cubic feet per day, respectively. During 2012, the approximate average throughput for these systems was 9.8 MMcf/d and 10.6 MMcf/d. It also owns a range of interconnects and small laterals that are referred to as the SIGCO assets.

The Company competes with Southern Natural Gas Company and Louisiana Intrastate Gas.

Advisors' Opinion:
  • [By Robert Rapier]

    American Midstream Partners (NYSE: AMID) gained 96 percent in 2013 before accounting for distributions. American Midstream is engaged in the business of gathering, treating, processing, fractionating and transporting natural gas and natural gas liquids. Operations are organized into two segments, Gathering and Processing and Transmission. Assets are primarily located in Alabama, Louisiana, Mississippi, Tennessee and Texas. The partnership operates 2,100 miles of pipelines that gather and transport over 850 MMcf/d of natural gas. Units currently yield 6.8 percent.

Top 10 Trucking Companies For 2014: TransAtlantic Petroleum Ltd (TAT)

TransAtlantic Petroleum Ltd. is an international oil and gas company engaged in the acquisition, exploration, development and production of crude oil and natural gas. The Company holds interests in developed and undeveloped oil and gas properties in Turkey, Bulgaria and Romania. As of March 1, 2012, it held approximately 5.4 million net onshore acres. As of March 1, 2012, it was producing an aggregate of approximately 2,638 net barrels of oil per day. As of March 1, 2012, it held interests in 57 onshore exploration licenses and nine onshore production leases covering a total of 5.3 million gross acres in Turkey. On February 18, 2011, the Company�� wholly owned subsidiary TransAtlantic Worldwide, Ltd. acquired Direct Petroleum Morocco, Inc. and Anschutz Morocco Corporation and its wholly owned subsidiary TransAtlantic Petroleum Cyprus Limited. On June 7, 2011, TransAtlantic Worldwide acquired Thrace Basin Natural Gas (Turkiye) Corporation. Advisors' Opinion:
  • [By CRWE]

    TransAtlantic Petroleum Ltd. (Amex:TAT) reported that the Turkish Competition Authority has approved the Company’s sale of its oilfield services business to Dalea Partners, LP (“Dalea”, an affiliate of N. Malone Mitchell, 3rd, the Company’s Chairman and Chief Executive Officer).

Top 10 Trucking Companies For 2014: Independent Film Development Corp (IFLM)

Independent Film Development Corporation (IFDC), incorporated on September 14, 2007, is in the development stage. The Company focuses on acquiring and developing independent films for production, sales and distribution, with a goal towards partnerships with mini-major and the major film studios, such as Lionsgate and Sony. IFDC�� focus of operations has three main components of film production and finance; Co-financing, acquiring product in the development stage, and its own film production. Co-financing is where a company such as IFDC goes out looking for films that are already financed at 50% or more. The Company licenses partially or fully completed films made by independent filmmakers to entertainment distributions companies.

The Company produces film on behalf of a studio. The Company identifies, produces, and secures distribution of a film. The Company owns the film in perpetuity and directly participates in all revenue generated by the film. The Company identifies films through its network of independent filmmakers as well as industry festivals and trade shows including Sundance, Tribeca, Cannes, and Toronto. The company will acquire the rights to license (as sales agent) films for a period of 7-25 years in return for a commission ranging from 10-30% of the licensing fees paid by the distributors.

Advisors' Opinion:
  • [By Bryan Murphy]

    When most investors hear the term "amusement park", one of two names comes to mind. The first one, of course, is DisneyWorld (or DisneyLand, depending on your locale), which of course is owned by The Walt Disney Company (NYSE:DIS), and probably set the bar for all other theme parks to come after it. Thrill-seekers of a slightly different age - ones without kids anyway - may recall fond memories of trips to Kings Island, Kings Dominion, or perhaps a visit to what some consider the best amusement park in the world, Cedar Point. They're all owned by Cedar Fair, L.P. (NYSE:FUN). And by most accounts, those leading theme park companies have provided equally compelling gains over the year for shareholders of DIS and FUN. But, there's a shift in what amusement park visitors are now seeking, and while Walt Disney Company or Cedar Fair aren't apt to be put out of business anytime soon, there's no denying that newcomer Independent Film Development Corporation (OTCMKTS:IFLM) - aka IndyFilmCorp - is better positioned to satisfy consumers' new definition of a thrilling theme park. Likewise, shares of IFLM may be poised to offer equally thrilling returns.

Top 10 Trucking Companies For 2014: MEDL Mobile Holdings Inc (MEDL)

MEDL Mobile Holdings, Inc. incorporated on May 22, 2008 is a developer, incubator, marketer and aggregator of mobile application software (Apps). The Company is engaged in the monetization of mobile application software through four revenue generating platforms: development of customized Apps for third parties to monetize their particular intellectual property, persona or brand, incubation of Apps in partnership with third parties and from a library of more than 75,000 original Apps concept submissions, sale of advertising and sponsorship opportunities directly to brands via mobile advertising networks and acquisition of Apps from other developers and use of a application programming interface ( API).

The Company develops Apps for customers that vary in size from small start-ups to large multinational corporations, in a range of industries including retailing, fast food, air travel, medical devices, higher education and fashion. As of December 31, 2011, revenues its custom development accounted for approximately 93% of its total revenues. The Company prepares packages for sale in the Apple App Store and the Google Android Marketplace. This package includes app store copy, sample screen shots.

Advisors' Opinion:
  • [By Peter Graham]

    Small cap stocks Digital Caddies Inc (OTCMKTS: CADY), MEDL Mobile Holdings Inc (OTCMKTS: MEDL) and Yappn Corp (OTCMKTS: YPPN) offer different ways to potentially profit from Internet or mobile technology. However, all three small cap stocks have also been the subject of paid promotions or investor relations types of activities. So will investors actually profit from the efforts of these small caps to profit from the Internet or mobile technology? Here is a quick reality check:

Top 10 Trucking Companies For 2014: Reliance Steel & Aluminum Co.(RS)

Reliance Steel & Aluminum Co. operates as a metals service center company primarily in the United States and Canada. The company provides metals processing services and distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products to mills and original equipment manufacturers. Its processing services comprise cutting, leveling, sawing, machining, or electropolishing. The company also offers a range of metal perforating and fabrication services; and steel and alloy pipes, tube and bar products, and precision manufacturing of various tools designed for the global energy service companies. Reliance Steel & Aluminum Co. serves manufacturers and end-users in the general manufacturing, non-residential construction, transportation, aerospace, energy, electronics, and semiconductor fabrication and related industries. As of December 31, 2011, it maintained approximately 220 metals service center processing and distribution facilities in the United States, Belgium, Canada, China, Malaysia, Mexico, Singapore, South Korea, the United Arab Emirates, and the United Kingdom. The company was founded in 1939 and is headquartered in Los Angeles, California.

Advisors' Opinion:
  • [By Ben Levisohn]

    That dynamic means that companies that can benefit from construction strength and cut costs will outperform others. For that reason, Murphy keeps Nucor (NUE) and�Steel Dynamics (STLD) at Buy. He wasn’t so kind to Reliance Steel (RS), US Steel (X) and AK Steel (AKS), which were all cut, though for different reasons.

  • [By Dan Caplinger]

    Reliance Steel & Aluminum (NYSE: RS  ) : up 100%
    The steel industry has been struggling lately, so it's especially remarkable to see Reliance Steel having made not one but two dividend increases in the past year. With increases from $0.15 per share last May to $0.25 in August and then to $0.30 in March, Reliance is bucking the negative trends in steel. What's especially noteworthy is that the company raised its payout even after announcing more than a $750 million deal to buy Metals USA in February -- a move that might have led other companies to rein in its payouts.

  • [By Kelley Wright]

    Reliance Steel & Aluminum (RS)��ielding 1.8%.

    The Timely Ten is comprised of stocks from the Undervalued category, based on dividend parameters. They generally have an S&P Dividend & Earnings Quality ranking of A- or better, and show exemplary long-term dividend growth.

  • [By Seth Jayson]

    When judging a company's prospects, how quickly it turns cash outflows into cash inflows can be just as important as how much profit it's booking in the accounting fantasy world we call "earnings." This is one of the first metrics I check when I'm hunting for the market's best stocks. Today, we'll see how it applies to Reliance Steel & Aluminum (NYSE: RS  ) .

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