Why 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...
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