Today’s Research Reports on Trending Tickers: AK Steel and United States Steel
NEW YORK, NY / ACCESSWIRE / April 19, 2018 / U.S. markets rose Wednesday as investor optimism continues to be boosted by strong corporate earnings. The S&P 500 Index gained 0.08 percent to close at 2,708.64, while the Nasdaq Composite Index rose 0.19 percent to close at 7,295.24. The Dow Jones Industrial Average hit a high of 24,832.54 before settling to close at 24,748.07, a decrease of 0.16 percent, after a disappointing performance from IBM dragged the index lower. Through Wednesday morning approximately 79 percent of the companies in the S&P 500 that have reported earnings have topped earnings expectations, while 83 percent have topped sales estimates, according to Thomson Reuters.
"These are just slam dunk earnings," said Nick Raich, CEO of The Earnings Scout, according to CNBC. "If you want to be bearish on stocks, don't look to earnings."
RDI Initiates Coverage on:
AK Steel Holding Corp.
https://rdinvesting.com/news/?ticker=AKS
United States Steel Corp.
https://rdinvesting.com/news/?ticker=X
AK Steel's stock moved 2.34% higher Wednesday, to close the day at $4.82. The stock recorded a trading volume of 21,957,888 shares, which was above its three months average volume of 19,693,883 shares. In the last year, AK Steel's shares have traded in a range of 4.00 - 7.54. The share price has gained 20.50% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $4.86 is below its 200-day moving average of $5.27. Shares of the company are trading at a Price to Earnings ratio of 241.00. Shares of AK Steel have fallen roughly 6.04 percent in the past month and are down 14.84 percent year-to-date.
Access RDI's AK Steel Holding Corp. Research Report at:
https://rdinvesting.com/news/?ticker=AKS
On Wednesday, shares of United States Steel recorded a trading volume of 13,293,168 shares, which was below the three months average volume of 14,015,363 shares. The stock ended the day 3.14% higher at 37.50. The share price has gained 102.16% from its 52 week low with a 52 week trading range of 18.55 - 47.64. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $39.22 is greater than its 200-day moving average of $33.89. Shares of the company are trading at a Price to Earnings ratio of 17.12. Shares of United States Steel have fallen roughly 6.16 percent in the past month and are up 6.56 percent year-to-date.
Access RDI's United States Steel Corp. Research Report at:
https://rdinvesting.com/news/?ticker=X
Our Actionable Research on AK Steel Holding Corp. (NYSE :AKS) and United States Steel Corp. (NYSE:X) can be downloaded free of charge at Research Driven Investing.
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