Its about time governments recognize that the Chinese are cheating the Global economy with their subsidy, and one-way economy. Until China gets off the merchantalist economy and stops pegging their currency, and stops subsiding land, energy, and labour in their economy for the purposes of importing money via only "price", the sooner the global economy will get to equilibrium, and stabilize.
Reliant steel profits were up, and so was the steel and iron numbers, they beat expectations and continued to indicate growth in all markets, and a slight slowdown in energy.
Steel stocks are up this morning.
X is better positioned to take advantage of this, and in a better position to guide next quarter.
The share price should increase.
Please provide the reference asap! so we can all confirm this news. I don't doubt it, but get in the practice of providing evidence to your comments, it will help.
Total US power house with long term growth - decades and essential to North American, and worldwide growth. Expect new developments in other iron, steel works and technological innovation in the coming year, similar to how Alcoa remodeled last year and is now a leader.
People are too focused on this quarter, and not looking at the changes in the consumer, jobs, and high tech in USA, and the adaptation of the US economy in the past 7 years.
People will be spending more, and buying new items, including commercial space, which increases signifantly in the past quarter.
This past quarter was the bottom in my opinion.
GE leading indicator, energy prices stabilized and up 20% from last month
Sentiment improved to 7 year high.
Purchasing Index Improved
Earnings mostly beat
Home Sales and Prices improved and stable, regardless of 1 week dips
Inflation low but not down
Consumers Stronger and Confident
US steel restructured
Possible tariffs on Steel to be imposed
Imports into USA down from Chinese/Korean
US steel stock 50 price bottomed last month and showing signs of strength in past 2 weeks
Market re-adjustment and down huge today, yet X is not collapsing, doing better than SPY and S&P today.
Time to pick up dirt cheap shares, in the coming quarter it will be cheap.
Stock markets stayed in check since December/January, barely moved, thus a very slow market correction has occurred in some ways.
Samsung, Texas Instruments, Taiwan Semiconductor, or even Apple for goodness sake.
I am sure the CEO is a good person.
The best thing she and management can do is replace half the board, and find a new CEO, and/or merge with another company, and raise additional capital for aquisitions in Europe.
1. Build Great Products; no really Sherlock? who wouldn't build great products, but maybe if i state the obvious i will look smart, the fact that they state this is a facade for the truth, they are lost, totally in the dark. How about building a great company, products are only a small portion of the company and a subset. Companies purchase and invest in technological break through and not a "product", this is not a Starbucks Late. I can go on and on, management has no talent, they are just administrators on auto pilot in a never forgiving hyper competitive world. Doomed, and dependent on 10% GDP to grow. LOL
2. Drive Deeper Customer Relationships: who would want to be married to a sinking ship, what is this supposed to mean, its a 2 way process, you can't just state you will drive deeper, that is so old school passe MBA again, from the 1980's. Hello, hello, did I wake you guys and gals at AMD, knock knock, welcome to the 1980's. Imagine Apple, FB, or Intel for that matter said drive deeper customer relationships, what are they doing? trying to sell wedding services, or kleenex boxes, or party services? OMG someone please help AMD, OMG... i can't take it anymore.
3. Simplify, the business; what is this grade school KISS method from the 1990's mid level management dogma, please, simplicity comes from innovation, leadership, clarity. Telling us that your company is confused and attempting to create marketing literature telling investors that you have to focus is pointless, it is an ongoing process that never ends, in iterations, and does not serve the process of somehow building confidence, integrity, and excellent. Its just a word, and the fact that is is a stated focus on the literature says a lot that there is so much work to be done, when we all know that.
Your team is showing up at work... using their textbook smarts, talking great, but not talented enough to grow this company.
Please do yourself and investors a favor, and hot leaders or SELL.
You people at AMD leading, suck! Why? Look at your presentation and details, your team are followers, and not leaders. In addition it sounds like a group of MBA that don't innovate, and don't like to take intelligent risks.
Fire the executives, and SELL the company to others or Texas Instruments.
Currency is a non-sense issue.
Pathetic MBA graduates running a business in the chip sector is a failure.!
AMD needs a refreshed executive team, private equity placement, and a hot shot CEO.
AMD is depending on others to make money, i think monkeys can run it better.
Sell the company, fire the executives, otherwise in late 2016, sales will be half or worse.
Yes you are correct.
Additionally the energy sector is stabilizing much faster than previous years.
Its day traders today, no problem.
Its been consistently up in the past 2 days.
Today Oil held, and X fell a lot, for no reason other than fear.
In the last 2 years, upside surprises have resulted in about a $3 pop, plus further gains in the following days.
Next week April 20-25, X should break the high's and end in the $30s
If you have shares, relax.
If you can't hold to long, at least until late next week.
The DOW didn't skyrocket, its been going up slowly, which is healthy.
Steel demand is reversing course, last quarter was difficult, prices stabilized.
Oil industry stable for this week.
I will start cutting back at $31.50
Look at my messages, i was good with picks in the past 2 months.
Yes I agree, slowly but surely.
There will be a nice rebound to low $30's in the coming days.
However it can easily rise to $40's, as it was 2 quarter ago.
Buy out offers usually 25% above share trading prices, and given the revenues, and the recent take over offer at $24 a share, about 2 years ago, now that the market is improving, it would be very interesting to hold for the next quarter or two.
Probably this will sink in to investors over the next few days, and the share price will move higher towards the low teens.
The 10-15% move today is nothing considering where the shares were for the past year. Even without the "rumor" which is not a rumor, the shares could have climbed anyway this quarter.
There will be a positive valuation on shareholders, in most cases 50% value generated, would make shares return to mid teens or more.
Still a good opportunity to buy here after the small pop today, small in the short term even.
You may be correct, but the spin from Cramer and interviews will drive it up, probably around $14.50, the previous quarter was soft, but they will suggest guidance in line, and growth in auto, home, and other areas including Europe.
In the ensuing weeks, usually the stock rises after earnings by about 25%.
Copper and Steel prices are forming a bottom in 2015, regardless of how the US pairs in other currencies, and so is OIL and energy sector. The good news is that most of this is all priced in, there is no global depression, the world is going through changes and these large solid manufacturers will be in a sweet spot later this year.
Its only a matter of time before some idiot analysts opportunists put positive spin stories and pop up the stock prices in steel industry.
The downside risk is mitigated, and Alcoa will demonstrate the way forward in this environment with positive motes from Europe and other places. I can see X building back up towards the mid $30's by the summer.
The correlation to the US dollar and energy sector is breaking.
MSFT upgraded, other semi's are going up, and capex pent up demand in Europe and USA about to pop in my opinion, as homes sales, car sales, and economy recovering, including drop in US dollars since last week. MU target $35 for late spring.