Why Key Analyst Sees Major Steel Losing Momentum
While steel prices in the United States may see some near-term upside, one key analyst fears that momentum may run out of steam into summer.
While steel prices in the United States may see some near-term upside, one key analyst fears that momentum may run out of steam into summer.
Companies with solid balance sheets, good forward estimates and low valuations -- these are the traits that investors should start to look for as the market gets ready digest current gains.
With the government finally getting tough with China, iron ore prices rising, and demand improving, things are looking much better for these top steel companies and the industry as a whole.
The top analyst upgrades, downgrades and initiations seen on Monday, February 29, include Huntington Bancshares, Nucor, Orexigen Therapeutics, SanDisk, Square and VIVUS.
Where there is smoke there is fire, but there may not be any fire in the world's steel production.
Wednesday's top analyst calls include American Express, Cheniere Energy, Goldcorp, Microsoft, Nucor Energy, Synchrony Financial, Tyco International and Whiting Petroleum.
Monday’s top analyst upgrades, downgrades and initiations includes Coach, DuPont, GoPro, Match, Puma Biotechnology, Square and Tesla Motors.
A new Merrill Lynch research report says the market has spoken, and the Federal Reserve is free to start the hikes in December.
Merrill Lynch was once positive on some of the major players in the steel industry, but now it believes these falling prices could spell disaster for AK Steel or U.S. Steel.
The very up and down stock market is poised to wind up the first-quarter earnings reports. That also means that insider activity will start to heat up.
Many of the key steel and aluminum stocks have sold off sharply from their highs. Despite this poor performance, is it possible that the steel and aluminum giants are trying to find…
In the past three days, one U.S. steel company cut its earnings forecasts drastically, and the two others offered weak outlooks.
Thursday's top analyst upgrades, downgrades include Apple, Barrick Gold, Corning, Groupon, Peabody Energy and SolarCity.
One source of growth for the economy continuing to fight back five years after the Great Recession is commercial construction.
These are the top analyst upgrades, downgrades and initiations seen from Wall Street research firms on Friday, March 14, 2014. They include Alcoa, BP, NetApp, Plug Power and Teva Pharmaceutical.