|Bid||2.7500 x 36200|
|Ask||2.7600 x 800|
|Day's Range||2.7000 - 2.8000|
|52 Week Range||2.0500 - 5.4000|
|Beta (3Y Monthly)||3.20|
|PE Ratio (TTM)||4.65|
|Earnings Date||Apr 29, 2019 - May 3, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.92|
WEST CHESTER, Ohio, March 18, 2019 -- AK Steel (NYSE: AKS) said today that it plans to release its first quarter 2019 financial results following the close of trading on the.
WEST CHESTER, Ohio, March 15, 2019 -- AK Steel (NYSE: AKS) announced today that it has accepted an award from the U.S. Department of Energy (DOE) High Performance Computing for.
How to Play AK Steel amid High Volatility(Continued from Prior Part)AK Steel In this series, we’ve looked at some of the challenges facing AK Steel (AKS), as well as some of its drivers. However, we need to understand a couple of things. First, the
How to Play AK Steel amid High Volatility(Continued from Prior Part)AK SteelAs we’ve discussed, AK Steel (AKS) has been strong this year but faces several medium-to-long-term headwinds. Conversely, the company could see cost benefits from its
How to Play AK Steel amid High Volatility(Continued from Prior Part)AK SteelAs noted previously, AK Steel (AKS) stock is more volatile than the broader steel space. In this article, we’ll look at some of AK Steel’s challenges.Stagnant auto
How to Play AK Steel amid High VolatilityAK Steel AK Steel (AKS) is among the most volatile steel stocks, with a three-year beta of 3.2x. Although steel and the broader metals and mining space (XME) have never been known for low volatility, AK Steel
How Analysts View Steel Stocks a Year after Trump’s Tariffs(Continued from Prior Part)ArcelorMittalFor ArcelorMittal (MT), among the analysts polled by Thomas Reuters on March 8, eight recommended a “strong buy,” eight recommended a
The tariff wars may end up serving a good purpose for the U.S. over the long run, but meanwhile, it reeks havoc on the stock market. We saw how the headlines crippled last year's rally. The effects were more more true in certain sectors like industrials and materials, and U.S. Steel (NYSE:X) stock is directly in the line of fire. Materials like steel are an easy target for nations to use as negotiating tactics. It's easy to levy a special tariff on steel and it has an extreme impact on all companies that deal with it on both sides of the fight.Source: Shutterstock As a result, last year was very difficult for X stock price. Even when the markets rallied in early 2018 X struggled. The pain continued all year, leading to 52-week lows on Christmas Eve. Luckily, the stock market has had a sharp snap back rally. Even U.S. Steel stock is up 9% year to date. This is even after the selling pressure we saw in stocks last week. However it's not all good news for X stock. Since it's February highs, X has drifted down 20% and close to its December lows. Meanwhile, the S&P 500 is a mere 5% off all-time highs.X stock rallied hard on Monday, but that was on the back of an incredible rally in general equities. Investor fears from last week's selling disappeared fast. So I still don't trust a one-day rally in X. The stock is down more than 50% in 12 months, so I need more proof that it's done falling.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis is not a judgement of U.S. Steel itself or its efforts, but there are clearly outside factors hindering the success of X stock. So even if it's merely a broken stock not a broken company, I'd rather risk my money elsewhere until this downside-trend ends.Valuation of X is not the problem. Last year, I thought it was cheap at 11x trailing P/E, and it got even cheaper. X is the perfect value trap. It's now trading at 3 trailing P/E and still not attractive enough to own. Clearly, there are outside forces at play. Trading X StockTechnically, there is nothing urgent about owning the stock at this point in time. I believe that it needs an event in order to trigger a rally. There needs to be a clear bottoming pattern before the chart gets tight enough to cause a recovery spike that can last. Otherwise, the descending channel of lower highs and lower lows will continue. As soon as the bulls in X stock are able to breach the trend line then we can establish upside targets. Until then, the bears in it will continue to sell the rips.X is stuck in a nasty selling pattern. The weekly chart shows that it's approaching a bottom from September of 2016. While this could lend support, it is also a risk. IF X fails to hold in the $15.80 zone, then it could invite more momentum sellers on a bearish pattern that targets another leg lower to retest $12.50. This is not a forecast but it is a possibility.Shorter term, the bounce in X now brings it into contention for a level that has been a pivot since early January. These tend to be temporary resistance on the way up. So the bulls have some work to do this week to rise above $21 per share. If this happens then it brings X stock closer to another test of the upper limit of the selling channel. But even then, there is residual resistance around $22 from the December price action. Meanwhile, X stock cannot lose $19 per share as it will create another major setback in the bullish efforts. The Bottom Line for X StockIn summary, U.S. Steel has value on its side but there's no obvious imminent breakout brewing. The bulls continue to work hard, but without a sustained rally, I'm not a buyer of X stock.Not every descending channel is an obvious breakout opportunity. Some trends can last a long time. And this downside trend exists inside a very bullish market-wide rally, so it's counterproductive to own X stock here. I'd rather join an upward moving ticker. I don't want to fight the tape even if I think I am right. * The 10 Best Stocks to Buy for the Bull Market's Anniversary U.S. Steel is clearly a broken stock. The company has value but the selling is relentless. The tape tells me to wait it out.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Growth Stocks to Buy Under 15x Earnings * 7 Dark Horse Stocks That Deserve Your Attention in 2019 * 5 Disruptive Technologies That Are Moving Too Fast Compare Brokers The post X Stock Is Off Its Lows, But the Trend Is Not Your Friend appeared first on InvestorPlace.
How Analysts View Steel Stocks a Year after Trump’s Tariffs(Continued from Prior Part)U.S. Steel As we discussed in the previous part, U.S. Steel (X) has fallen almost 20% from its 2019 highs. Other steel and iron ore names including AK Steel
How Analysts View Steel Stocks a Year after Trump’s Tariffs(Continued from Prior Part)U.S. SteelFor U.S. Steel (X), among the 12 analysts polled by Thomas Reuters on March 8, two recommended a “strong buy,” three recommended a “buy,” and
How Analysts View Steel Stocks a Year after Trump’s Tariffs(Continued from Prior Part)Tariffs For AK Steel (AKS), among the analysts surveyed by Reuters on March 8, two recommended a “buy,” ten recommended a “hold,” and three recommended a
Is Cleveland-Cliffs the Best Bet to Play the US Steel Sector?(Continued from Prior Part)Cleveland-Cliffs’ valuation Among major US (SPY) steel stocks, Nucor (NUE) and AK Steel (AKS) have the highest multiples of 6.3x and 6.1x, respectively. In
How Analysts View Steel Stocks a Year after Trump’s Tariffs(Continued from Prior Part)Nucor For Nucor (NUE), among the analysts polled by Thomas Reuters on March 8, four recommended a “strong buy,” eight recommended a “buy,” and three
How Analysts View Steel Stocks a Year after Trump’s TariffsSteel stocksOn March 8, 2018, President Trump announced tariffs on US steel imports under Section 232 of the Trade Expansion Act of 1962. The tariffs became effective on March 23. There
Is Cleveland-Cliffs the Best Bet to Play the US Steel Sector?(Continued from Prior Part)Analysts’ recommendationsIn the past year, analysts’ sentiment for Cleveland-Cliffs (CLF) has improved. Compared to 58% “buy” recommendations currently,
Is Cleveland-Cliffs the Best Bet to Play the US Steel Sector?(Continued from Prior Part)Stimulus measures China is introducing more stimulus into the economy to arrest the slowdown. During the annual parliamentary gathering, Chinese premier Li
Is Cleveland-Cliffs the Best Bet to Play the US Steel Sector?(Continued from Prior Part)Vale’s dam burst On January 25, a major disaster struck Vale (VALE) when a dam burst at one of its iron ore mine sites in Minas Gerais in Brazil (EWZ). At
China’s February Trade Data Compounded Slowdown Fears(Continued from Prior Part)Chinese steel exportsChina is the world’s largest steel exporter. However, after peaking in 2015, Chinese steel exports have shown a secular decline. Over the past
Is Cleveland-Cliffs the Best Bet to Play the US Steel Sector?US steel earnings seasonThe fourth-quarter earnings season has ended for US (DIA) steelmakers. Cleveland-Cliffs (CLF) released its fourth-quarter earnings results before the market
U.S. Steel: Why Bulls Got Their Narrative WrongU.S. Steel U.S. Steel Corporation (X) has lost 8.2% this month, based on yesterday’s closing prices. However, the stock is still up 13.0% for the year. AK Steel (AKS), Nucor (NUE), and Cleveland-Cliffs
What's Changed after a Year of Trump’s Metal Tariffs?(Continued from Prior Part)US steel companies US steel companies reported a sharp increase in their cash flows last year as Section 232 tariffs led to higher earnings. Nucor’s (NUE) operating
What's Changed after a Year of Trump’s Metal Tariffs?(Continued from Prior Part)TariffsThe first anniversary of Section 232 aluminum and steel tariffs will happen later this month. Over the last year, there have been some changes in the tariffs.
What's Changed after a Year of Trump’s Metal Tariffs?Trump’s metal tariffs On March 8, 2018, US President Trump announced tariffs on US steel and aluminum imports. The tariffs became effective on March 23. The tariffs were imposed after two