|Bid||57.50 x 1300|
|Ask||57.50 x 1800|
|Day's Range||57.34 - 58.19|
|52 Week Range||49.79 - 68.84|
|Beta (3Y Monthly)||1.52|
|PE Ratio (TTM)||7.75|
|Earnings Date||Apr 23, 2019|
|Forward Dividend & Yield||1.60 (2.74%)|
|1y Target Est||67.85|
How Wall Street Views Steel Stocks ahead of Their Q1 Results(Continued from Prior Part)U.S. Steel’s first-quarter earnings U.S. Steel Corporation (X) is scheduled to release its first-quarter earnings results on May 2 after the market closes, and
The Dividend Aristocrats fared better than many other stocks during 2018. This group of dividend royalty delivered a 3.3% decline for the year including income, less than the 4.4% drop for the Standard & Poor's 500-stock index.The Dividend Aristocrats, for the uninitiated, are a subset of the S&P; 500 that have increased their annual dividends without interruption for at least 25 consecutive years. And these 50-plus superstar dividend stocks are noteworthy for several reasons: * Their yields are generally higher than the index, averaging 2.5% throughout 2018 versus 1.9% for the S&P; 500. * They've also outperformed over the longer term. During the 10-year period ending Sept. 30, 2018, the Aristocrats returned approximately 13.6% annually, compared to 12% for the S&P; 500. * Risk also was lower. Volatility of returns (as measured by standard deviation) averaged 13.6% for Dividend Aristocrats versus 14.4% for S&P; 500 stocks.However, sometimes even great stocks get knocked back a little. These 18 Dividend Aristocrats have posted double-digit price declines over the past year, with most of them still recovering from the fourth-quarter broad-market drubbing. The upside for any investors considering putting new money to work in these dividend stocks: Many are close to multiyear lows, and several yield more than 3%. SEE ALSO: 101 Best Dividend Stocks to Buy for 2019 and Beyond
How Wall Street Views Steel Stocks ahead of Their Q1 Results(Continued from Prior Part)Nucor’s first-quarter earnings Nucor (NUE) is expected to release its first-quarter earnings results on April 23. The company posted record earnings last year,
CHARLOTTE, N.C. , April 18, 2019 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that Chief Digital Officer and Executive Vice President, R. Joseph Stratman , plans to retire on June 8, 2019 ...
How Wall Street Views Steel Stocks ahead of Their Q1 ResultsSteel Dynamics’ first-quarter earningsSteel Dynamics (STLD) has scheduled the release of its first-quarter earnings results for April 22. The company expects its first-quarter EPS to be
Why Analysts Expect Alcoa’s Earnings to Fall Sharply in Q1(Continued from Prior Part)Steel Last year, alumina prices surged to record highs. US sanctions on RUSAL coupled with the closure of Norsk Hydro’s Alunorte refinery lifted alumina prices.
Nucor (NUE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is U.S. Steel Corporation Worth a Look as Steel Prices Stabilize?(Continued from Prior Part)US steel industry Last week, two sell-side analysts downgraded U.S. Steel Corporation (X). While Bank of America Merrill Lynch analyst Timna Tanners double
Is U.S. Steel Corporation Worth a Look as Steel Prices Stabilize?US steelUS steel stocks were disappointing in 2018 despite the Section 232 tariffs. While Nucor (NUE) and Steel Dynamics (STLD) posted record earnings last year, the stocks ended the
U.S. steel has benefited from government tariffs, and there could be big trouble if the tariffs end -- but it's bigger than just steel prices.
Yesterday US Steel (NYSE:X) stock fell 3.25% on an analyst downgrade. Bank of America Merryl Lynch moved the stock from a BUY to SELL and lowered the price target 40% from $31 to $18 per share. This is a massive change and warrants some caution on X stock.Source: Shutterstocks The analyst, Timna Tanners, speculates that steel prices will lack the catalyst needed to boost them, so X will burn more a lot of cash thereby putting pressure on the stock price. So the stock is suffering because of an economic war between mills. Those are keeping prices low to gain a bigger share of the market. Other competitor stocks also suffered like Nucor (NYSE:NUE) and Steel Dynamics (NYSE:STLD) but X chart looks ugliest.So is it time to catch this falling knife? Yes, but with a caveat.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 8 Risky Stocks to Watch as Earnings Season Kicks Off Fundamentally speaking, X stock is cheap as it sells at a trailing 2.6 P/E ratio. This is very cheap -- provided they can keep the denominator steady. What Should You Do With X Stock?So if I own the shares, it's probably too late to sell now. As far as averaging down, I'd wait out a few more ticks to see the follow through price action from the downgrade. This also depends heavily on my base price for my shares. I'd avoid adding to a position too close in time or price to my last entry.If I am looking to initiate a new position in US Steel stock, doing so now is not a clear decision. This requires a lot of faith but it is doable. We have to remember here that the downgrade offers one person's opinion on the X situation so it's not absolute fact.It doesn't help matters that coming into the downgrade X already had a hideous chart. It was already trailing the S&P 500 by 20 points year-to-date; it's down almost 10%. For the past 12 months, X is down 54% so it's been sliding for a long time. And it's been under performing its peers too.Which begs the question on what to do with X today. Buying the stock now and this cheap seems like an easy decision after all it already sells at such a low P/E. But the slide in the stock is very long-term in nature. This means that it's not going to snap out of this downtrend quickly.In this case I'd rather wait out a bit more even if it means I miss out on some profits. I'd rather be late entering a stock than too early and start a position in the hole.Technically, X stock has been falling for so long that I need to use the weekly charts to get some input to help with the decision today. This means that the technical hints are slower in nature thereby supporting my decision to act today.Yesterday's fall places U.S. Steel stock in danger of triggering a massive bearish Head-and-Shoulders pattern. In fact, technically one could argue that it's already below the neckline and that puts it in danger from targeting the single-digit zone. While this is not a forecast, it is a scenario that could unfold and bulls need to know it. The Bottom Line on X StockIn summary, I don't usually panic out of a stock based on one person's opinion. But in this case, I would wait bit to get more clues. The next few days will be crucial for X stock and they will provide valuable clues for investors. * 7 Marijuana Companies: Which Pot Stocks Should You Buy? Most other analysts that cover X are on HOLD but there are a few still favorable of it. So it's vulnerable from more surprise downgrade from those analysts that still have it as a BUY.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 * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post X Stock Is in Free Fall After Analyst Downgrade appeared first on InvestorPlace.
At the dawn of the 20th century, U.S. Steel (NYSE:X) was the world's most powerful company, the first one to be worth $1 billion. As recently as 2008, the stock was worth over $186 per share. * 10 Dow Jones Stocks Holding the Blue Chip Index Back U.S. Steel stock will open for trade April 10 at under $18 per share, after another fall of 10% that some traders may see as a "buy" level, but long-term investors should recognize for what it is -- a bear trap.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe cave of this bear looks very cozy. The price-to-earnings ratio of the stock right now is 2.84. It had $6.25 per share of earnings last year, as tariffs on imported steel forced buyers to take its sheet. Revenues were up nearly 16% -- after a 19% gain the previous year -- to $14.18 billion. The market cap is $3 billion, meaning it trades like JC Penney (NYSE:JCP) while performing like Alphabet (NASDAQ:GOOGL). What Could Go Wrong?The difference between US Steel and Google is that demand for steel has peaked, while demand for data keeps rising.Developing economies see steel the way your grandfather saw gold. In countries like China, steel represents independence -- and power. Nations feel they must have steel to prove they are nations, so many countries make it.But demand has leveled off. U.S. Steel itself is worried about its European operations, even while tariffs keep the price of steel here high. Demand in China is contracting. The primary market for sheet steel is in making cars, and car builders today want lighter vehicles which means, in the words of The Graduate, "plastics".Then there is technology. Coal and iron ore aren't the only way to make steel. You can also make new steel from old steel. That's what Nucor (NYSE:NUE), now the largest U.S. steel producer, does. The third-largest, Steel Dynamics (NASDAQ:STLD), was founded by former Nucor executives.U.S. Steel hasn't kept up with technology. It makes steel the old-fashioned way. It does seek ways to reduce costs, which is why it now wants to frack for natural gas under one of its mills.This makes sense. Pennsylvania was the home of the U.S. oil industry during the Civil War. It was this energy, along with iron ore from Minnesota, that made the steel industry blossom in Pittsburgh, while staining the sky black.Neighbors are not amused. Pittsburgh has spent 50 years bringing its air and water back, becoming a medical technology and headquarters town. Folks aren't anxious to go back. Oceans Rise, Empires FallAnalysts can read the trends, and those at Credit Suisse Group (NYSE:CS) are unequivocal.Get out of U.S. Steel. Analyst Curt Woolworth has cut his rating on U.S. Steel stock twice this year, to "underperform" and now sees a "sheet tsunami" in the form of low-cost, hot-rolled coil focused sheet steel hitting the U.S. market in 2021 and 2022.This will cut prices from $700 per ton to $610 per ton. Since, even in good times like last year, U.S. Steel had operating income of $950 million on that $14.18 billion of revenue, about 6.6%, its profits could be wiped out. The Bottom Line on U.S. Steel StockThe latest fall in U.S. Steel stock means it is, in technicians' terms, "oversold".Based on any rational metric, like its PE ratio or sales, the stock is dirt cheap.The tell is the dividend, which is 5 cents per share. It hasn't changed since 2009. Despite having $1 billion in the bank, and a debt-to-assets ratio of 20%, the dividend isn't changing. * 7 Stocks With a Lot on the Line This Earnings Season U.S. Steel managers can read a weather forecast and are battening down the hatches.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Best Dividend Stocks to Buy for Every Investor * 7 Catalysts That Will Send Marijuana Stocks Soaring in 2019 * 8 Risky Stocks to Watch as Earnings Season Kicks Off Compare Brokers The post Should You Buy United States Steel on This Dip? appeared first on InvestorPlace.
Nucor Corporation (NYSE:NUE) is a stock with outstanding fundamental characteristics. When we build an investment case, we need to look at the stock with a holistic perspective. In the case of NUE, it...
A year of tariffs on imported steel was very profitable for American steelmakers. It's less clear whether those gains will prove durable.
Shares of U.S. Steel Corp. tumbled 8.0% in midday trade Tuesday, after Credit Suisse analyst Curt Woodworth turned bearish on the steel maker, citing a weakening of its competitive position ahead of the coming "Sheet Tsunami." Woodworth cut his rating to underperform, after downgrading the stock to neutral from outperform in January. He slashed his price target to $13, which was 29% below current levels. Woodworth expects a "Sheet Tsunami" period in the U.S. from 2021 to 2022, when the next wave of low cost, hot-rolled coil (HRC) focused sheet supply is expected to ramp in the U.S., with HRC prices expected to fall to about $610 per ton from 2019/2020 assumptions of $700 per ton. Given the rise in unit costs the past several years, and the loss of automotive market share, U.S. Steel "is in a weaker competitive position" relative to its peers entering this period of lower pricing, Woodworth wrote in a note to clients. Meanwhile, shares of rival steelmakers also fell, just not as much, with AK Steel Holding Corp. down 3.1%, Nucor Corp. shedding 1.3%, Commercial Metals Co. losing 0.5% and Steel Dynamics Inc. giving up 1.9%. In comparison, the S&P 500 was slipped 0.3%.
Key Updates on U.S. Steel’s Clairton Works Facility(Continued from Prior Part)Clairton Works fire In December, U.S. Steel Corporation (X) reported a fire incident at its Clairton Works coke facility that affected its pollution
Key Updates on U.S. Steel’s Clairton Works FacilityU.S. Steel CorporationEarlier this year, U.S. Steel Corporation (X) received an enforcement order from the ACHD (Allegheny County Health Department) about higher emissions from its Clairton Works
CHARLOTTE, N.C. , April 4, 2019 /PRNewswire/ -- In conjunction with Nucor's (NYSE: NUE) first quarter earnings release, you are invited to listen to its live conference call with host John Ferriola , Chairman, ...
Nucor Corporation (NYSE: NUE) will build a $1.35 billion manufacturing facility in Brandenburg, Kentucky, the company announced. This steel mill will create 400 jobs in the rural town while expanding the Charlotte-based company's presence in the Midwest. The facility will be capable of producing approximately 1.2 million tons of steel plate products per year.
Trump’s Tariffs Received a Mixed Response from US CompaniesTrump’s tariffs President Donald Trump has used tariffs to achieve policy goals, especially in terms of getting trading partners to negotiate new trade deals favorable to the United
Bank of America analyst Timna Tanners double downgraded U.S. steel from a buy to a sell rating. She joins the "Halftime Report" traders for the "call of the day."