Will US Steel Create a Rerating of Battered Steel Stocks?
Despite some still fairly new tariff protections for the steel industry, the global hiccup in growth has been hard on the U.S. steel industry. Oversupply and overcapacity concerns continue to weigh on...
View ArticleWhy Deutsche Bank Sees More Pain Coming for Major Steel Stocks
There is more pain coming for the steel industry. At least that is the take from Deutsche Bank. If investors were only looking at the price of steel stocks, they would think that the United States is...
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Will the Last Analyst to Downgrade Steel Turn Out the Lights?
The U.S. steel industry was poised to recover in April. The world was still awash in steel producing capacity, but the overall business climate was setting up to support steel stocks. Then came the...
View ArticleSteel Demand and Prices Expected to Jump for Rest of 2019: 5 Top Stocks to Buy
Despite the doom and gloom about the trade war between the United States and China, discussion of a big-time infrastructure package for the country is making the rounds in Washington, D.C. While the...
View ArticleUS Steel Gets Burned by Updated Guidance
United States Steel Corp. (NYSE: X) shares dropped sharply on Thursday after the firm cut the guidance for its third quarter. Looking at the chart, it’s not surprising that this stock is headed even...
View ArticleCan the Metals Stocks Escape the Alcoa Black Hole?
In a bull market stock market, even the current raging bull market, some stocks and some sectors will underperform the market. In a market of stocks, even some of the great companies that date back...
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US Steel Unveils Its Plans to Survive the COVID-19 Carnage
The economic data is becoming bad enough that very few businesses are able to make any great forecasts mow. What is visible is that the situation has become dire for many companies as the global...
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Credit Suisse Sees Absolute Destruction in American Steelmakers
If any business is very cyclical in the United States, the steel and specialty metals segments within metals certainly fit the bill. After all, if sales of planes, trains, cars and capital equipment...
View ArticleCleveland-Cliffs Getting More Vertical With ArcelorMittal USA Acquisition
Iron ore miner Cleveland-Cliffs Inc. (NYSE: CLF) announced late Sunday that it will pay $1.4 billion to acquire the U.S. operations of ArcelorMittal S.A. (NYSE: MT). The transaction includes a cash...
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Credit Suisse: ‘Let’s Not Split Hairs’ Over the Steel Supercycle
From a low of around $450 a ton in late August last year to more than $1,200 a ton by March 1 of this year, the spike in steel prices certainly qualifies as a supercycle. Or as a cycle that is super...
View ArticleWhy Merrill Lynch Downgraded 3 Key Metal Players
Is the gold/metal age of 2016 over? Merrill Lynch says it may be gone for now, but not entirely forgotten, after the firm downgraded a few major metal players. The brokerage firm was not overly...
View Article9 Energy and Metals Stocks Analysts Want You to Buy Now
Stocks are trading close to all-time highs and this bull market is now seven and a half years old. Metals and energy prices have rebounded sharply so far in 2016. Most analysts on Wall Street have made...
View ArticleWhy Jefferies Sees Weaker Conditions for Steel Giants the Rest of the Year
One of the biggest metrics that economists look at when gauging the strength of any economy is the use of materials like steel, which is used in construction, infrastructure and a host of other areas....
View ArticleWhy One Analyst Sees Value and More Upside for Rio Tinto and BHP Billiton
The post-election rally has been massive, and the commodities miners and the companies that will supply into infrastructure have seen their shares rally. That may be more muted for companies outside of...
View ArticleDeutsche Bank Very Bullish on Steel, Raising Price Targets on 5 to Buy Now
Needless to say, the Trump rally has been something, and the reason seems clear. For the first time in years investors are actually very positive on anticipated growth in the real economy. For years...
View ArticleMerrill Lynch Raises Price Targets Again on Red-Hot Steel Stocks
The Trump rally has been something, and the reason seems clear. For the first time in years investors are actually very positive on real anticipated growth in the economy. For years, stocks traded up...
View ArticleIs It Time to Sell Metal Stocks for Infrastructure?
The industrials have seen a solid uptick since just before the U.S. presidential election took place, but is the rally over? One analyst believes that the U.S. Steel industry may by overbought and has...
View ArticleWhy Credit Suisse’s Top Metals & Mining Picks Have 30% to 40% Upside
A new Credit Suisse report takes a positive stance on some key players in the metal and mining industries. Overall the firm sees improving apparent demand trends, accelerating global growth, positive...
View ArticleWhat to Expect From Major Metal Stocks Reporting Tuesday
24/7 Wall St. has put together a preview of major metal companies reporting their earnings this week. Considering the new Trump administration has been positive for industrials, we could expect to see...
View ArticleTrump Border Tax Could Be Huge for These 4 Top Steel Stocks
While the debate over any sort of taxes that are actually tariffs on foreign goods coming into the country will continue to rage, one thing has become pretty evident. In industries like steel, where...
View ArticleMerrill Lynch Identifies Top Steel Picks for Big Upside
Last week was rather strong for U.S. steel mills. After all, a 10% gain after mid-quarter guidance from Nucor Corp. (NYSE: NUE) and Steel Dynamics Inc. (NASDAQ: STLD) is impressive considering the post...
View ArticleThe Big Upgrade That Is Driving Steel Stocks
A few key U.S. steel players were trading higher after a top analyst at Macquarie upgraded the steel stocks to kick off the week. Overall, the firm cited improving steel demand, and another boost is...
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Why Many Steel Stocks May Avoid the US Steel Earnings Black Hole
United Steel Corp. (NYSE: X) has delivered a major interruption for its investors hoping to win off of more protection for U.S. steel makers and for needing steel for endless infrastructure projects....
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Why One Analyst Raised 4 Steel Giants to Buy
If there was one group of companies that can still benefit from the Trump administration’s policies without a congressional vote, steel makers would have to be on that list. Longbow Research believes...
View ArticleHow One Bolt-On Merger Can Help AK Steel Transform
AK Steel Holding Corp. (NYSE: AKS) has sold off just a bit after the steel giant recently announced that it will acquire Precision Partners for a total of $360 million in cash. The pullback might be...
View ArticleIs It Time to Start Buying Cliffs?
Cliffs Natural Resources Inc. (NYSE: CLF) always has offered a high leverage to U.S. steel prices, and over the past seven years this hasn’t been a positive for investors. However, one analyst seems to...
View ArticleWhy AK Steel Might Be Tuesday’s Best Earnings Report
AK Steel Holding Corp. (NYSE: AKS) released its second-quarter financial results before the markets opened on Tuesday. Out of all the stocks that reported Tuesday morning, it seems that AK Steel may be...
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Weak Dollar Remains Huge for Steel Stocks: 4 to Buy Now
Despite a small rally in the U.S. dollar recently, the DXY index, which is an index of the value of the United States dollar relative to a basket of foreign currencies, is still trading at the lowest...
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Why Merrill Lynch Is Growing Much More Bullish on US Steel Stocks
Rising input costs and a more bullish stance on China have created a bullish sentiment in steel stocks recently. One analyst considered these global trends and raised its price targets on U.S. steel...
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Massive China Production Cuts Are Huge for Steel Stocks: 5 to Buy for 2018
For years politicians and investors moaned about China’s overcapacity and dumping of steel into the U.S. and world markets, and for years they got away with it with impunity. With a new administration...
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Merrill Lynch Raises Price Targets on 6 Top Steel Stocks to Buy
Talk about a sector that has a lot going for it, the steel industry has probably among the best set of tailwinds for 2018, and investors should be thrilled. Combine a continued weak dollar, with...
View Article4 Steel and Mining Stocks to Buy That Should Benefit From US Infrastructure Plan
The U.S. steel industry has bounced back in a big way and the current administration’s tough stance on fair trade has had an impact. However, the biggest impact has come from China, where output has...
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US Steel and Aluminum Companies Enjoy a Big Trump Bump
If there is one thing that can create an instant unilateral gain in a sector, government protection can do just that. President Donald Trump has announced new tariffs on Thursday aimed at protecting...
View ArticleHeavy Metal: Where Tariffs on Steel and Aluminum Could Hurt the Most
When President Trump on Thursday told executives of U.S. steel and aluminum producers that the United States would impose tariffs on imports of those materials, the Dow Jones industrial average dropped...
View ArticleWhy the Downside of Tariffs May Not Kill the Upside for US Steel Giants
The U.S. broad markets saw a big turnaround on Monday after it came public that Speaker of the House Paul Ryan was urging President Trump to reconsider his plan to institute steel tariffs. There are...
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4 Steel Stocks to Buy as Demand and Tariffs Are Huge
Despite some of the scorn and shade thrown at the president when he suggested the potential for steel tariffs, he’s hardly the first president to call for or implement them. Despite the concerns of...
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Do 3 Fresh Analyst Upgrades for Century Aluminum Signal the All-Clear?
Century Aluminum Co. (NASDAQ: CENX) is one of the great American metals companies that should be set to win if steel and aluminum tariffs do not turn into an all-out trade war. There are of course...
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Jefferies Says Buy the Pullback in Steel Stocks Now
If anything will cool a sector’s momentum, it is stock prices hitting highs and then an unfortunate item like the potential for trade tariffs pops up. That is exactly the twin storms that hit the steel...
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Merrill Lynch Says New Trump Tariffs Huge for 5 Top Steel Stocks
It has become pretty clear, or at least it should be to nations around the world that are not committed to fair trade, if you don’t play ball with the Trump administration, there will be consequences....
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Why Goldman Sachs Is Pounding the Table for Investors to Buy Commodities for...
If there is one brokerage and investment banking firm whose views can influence investors’ decisions about issues large and small, Goldman Sachs likely fits that bill. After all, its focus is on the...
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Despite Trade Worries, Analyst Sees Steel Industry Earnings Surging: 5 Stocks...
It has probably been the most discussed economic and political story of 2018, and it is one that probably will stay front and center for some time. After years of huge trade imbalances with our trading...
View ArticleZekelman Gears Up for IPO
Zekelman Industries has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). No pricing details were given in the filing, although the...
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Zekelman Industries Closes in on IPO
Zekelman Industries has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). The company intends to price its 41.75 million...
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What Nucor, Steel Dynamics Earnings Indicate About the Industry and Tariffs
Steelmakers Nucor Corp. (NYSE: NUE) and Steel Dynamics Inc. (NASDAQ: STLD) have now reported third-quarter results, and reports are due from Arcelor Mittal (NYSE: MT), AK Steel Holding Corp. (NYSE:...
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Time to Buy 3 Industrials After Serious Earnings Weakness?
Investors have known for years that equities and entire sectors can be quite volatile around each quarter’s earnings reports. It turns out that the strength in the third-quarter earnings reporting...
View ArticleSteel Prices and Demand Moving Higher: 4 Top Stocks to Buy Now
One item that was included in the State of the Union speech but did not gain a lot of traction during the following media claw-through was the fact that both the Republicans and the Democrats know that...
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Jefferies Says Higher Prices Make Top Steel Plays Solid Buys Now
One of the biggest priorities facing what is now a very divided Congress is the need to start fixing what is an old and worn out United States infrastructure. This includes many bridges, buildings,...
View ArticleThe 8 Things That Have Kept Inflation Near 0%
U.S. inflation is not 0%, but it is fairly near, up only 1.9% in January. A recovery of the sort America has gone through since the bottom of the Great Recession is supposed to cause inflation. It has...
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Big Analyst Upside Called For in Steel and Metals for Commercial Metals Company
Commercial Metals Co. (NYSE: CMC) managed to close up 8% at $17.37 a share on Thursday after the company’s earnings were hurt by weather and rain but still managed to beat expectations. The shares were...
View ArticleTroubles Mount for US Steel as Credit Suisse Says ‘Sell’
The steel and metals industries are at an interesting crossroads this year. While the United States is in dire need of infrastructure repairs, requiring vast amounts of domestic steel, there are trade...
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