SLX - VanEck Vectors Steel ETF
| Previous Close | 43.6000 |
| Open | 43.6200 |
| Bid | 43.4100 x 4000 |
| Ask | 45.1100 x 800 |
| Day's Range | 43.9200 - 44.1193 |
| 52 Week Range | 39.2200 - 51.9200 |
| Volume | 11,834 |
| Avg. Volume | 24,987 |
| Net Assets | 110.29M |
| NAV | 44.12 |
| PE Ratio (TTM) | N/A |
| Yield | 2.53% |
| YTD Return | -3.84% |
| Beta (3y) | 2.00 |
| Expense Ratio (net) | 0.56% |
| Inception Date | 2006-10-10 |
- CNBC Videos•2 months ago
Protectionism is never a good idea: Expert
Veronique de Rugy, Mercatus Center, and Beth Baltzan, American Phoenix, discuss trade and the impact tariffs are likely to have on the US & Chinese economies.
Yahoo Finance•5 days agoStocks jump as the US proposes a new round of trade talks with China
Midday Movers September 13th, 2018
Market Realist•11 days agoWhy Did Jefferies Increase Its Target Price for Cleveland-Cliffs?
Today, Jefferies analyst Seth Rosenelf raised the target price for Cleveland-Cliffs (CLF) from $11 to $13 while maintaining a “buy” rating on the stock. Cleveland-Cliffs stock has seen a turn in fortunes, as far as analyst sentiment is concerned, since March.
Market Realist•12 days agoWhy Are Analysts Turning Around for Cleveland-Cliffs?
According to Thomson Reuters, 73.0% of the analysts covering Cleveland-Cliffs (CLF) stock recommend a “buy,” 27.0% recommend a “hold,” and there were no “sell” ratings. CLF’s target price of $11.90 implies an upside of 21.0% based on its current market price. At the end of March, Cleveland-Cliffs had “buy” ratings from only 30.0% of the analysts.
Market Realist•12 days agoThese Factors Could Help CLF Rerate in 2018 and Beyond
In this article, we’ll look at Cleveland-Cliffs’ (CLF) valuation and compare it to those of its US steel peers (SLX). We’ll also look at its forward EV-to-EBITDA (enterprise value-to-EBITDA) and PE multiples.
Market Realist•14 days agoHas US Steel Production Changed as a Result of the Tariffs?
US steel production is the key variable that drives US steelmakers’ (SLX) (XME) revenues. AK Steel (AKS) and ArcelorMittal (MT) are Cleveland-Cliffs’ (CLF) customers. Investors track production data to get a sense of the direction of overall volumes.
- Yahoo Finance•18 days ago
Stocks up as US-Canada trade deadline looms
A former trade minister warns that trade tensions could end up sparking a 'global economic crisis.'
- Yahoo Finance•21 days ago
Stocks up as Trump's trade deal with Mexico puts the pressure on Canada
Stocks (^DJI, ^GSPC, ^IXIC) are up with the energy (XLE) sector the most in the green, and the utlities (XLU) sector the most in the red. Yahoo Finance’s Jared Blikre joins us live from the floor of the New York Stock Exchange to talk markets. To discuss the other big stories of the day, Yahoo Finance’s Dion Rabouin is joined by Dan Roberts, and Yahoo Finance tech reviewer Dan Howley.
- ETF Trends•25 days ago
Steel ETF Could Shake Its Laggard Ways
The VanEck Vectors Steel ETF (SLX) is off 7.5% over the past month as steel and iron stocks have struggled amid tariffs and trade war speculation. After the March tariff on steel imports, the Trump administration expanded them on June 1 by removing temporary country exemptions for members of the European Union, Canada and Mexico. However, some analysts believe iron and steel equities are poised to bounce back. “First it was fear of tariffs and a trade war that hurt the metals and mining sector, and then Turkey's troubles burst onto the world stage, weighing on emerging markets. However, these worries have created a buying opportunity, argues Credit Suisse's Curt Woodworth,” reports Teresa Rivas for Barron's.
Market Realist•2 months agoHow Can Cleveland-Cliffs Start Dividend Distributions Again?
Cleveland-Cliffs’s (CLF) CFO Tim Flanagan mentioned during the Q2 2018 earnings call that the company is expected to generate $400 million of free cash flow (or FCF) in the second half of 2018. As a result, the favorable working capital release will lead the company to generate ~$400 million of FCF in the second half of the year after all expenditures, including capital expenditure on its HBI (hot-briquetted iron) plant. CLF recorded $2 million in income tax benefits in Q2 2018 related to the reversal for uncertain tax positions.
- ETF Trends•3 months ago
Steel ETF Down 8 Percent from High in February
After a 25 percent tariff imposed on steel imports by U.S. President Donald Trump and his administration in March, the VanEck Vectors Steel ETF (SLX) has dropped 8 percent after reaching a high of $51.37 in February. After the March tariff on steel imports, the Trump administration expanded them on June 1 by removing temporary country exemptions for members of the European Union, Canada and Mexico. Based on data released by the American Institute for International Steel, steel imports to the United States surged 12.1 percent in April to 3.76 million net tons. Through the first four months of 2018, steel imports were up 1.2 percent year-over-year to 12.45 million net tons--a byproduct of the March tariffs, according to the American Institute for International Steel.
- Market Realist•4 months ago
CLF Pops as US Slaps Tariffs on Chinese Steel Shipped via Vietnam
US steel stocks (SLX) and Cleveland-Cliffs (CLF) have been on a roller coaster ride that refuses to calm down, underpinned by Trump’s policy flip-flops, especially on trade tariffs. CLF saw a lot of ups and downs, first due to recommendations of the US Department of Commerce, then the imposition of steel tariffs, and finally the exemption of some countries from tariffs, which toned down the overall impact.
- Market Realist•4 months ago
Could Cliffs Stock Rise after a Volatile 2018?
Cleveland-Cliffs (CLF) stock has been on a roller coaster ride for most of 2018. While CLF stock has seen a lot of volatility in 2018, it’s making a strong upward move in the second quarter on strong fundamentals.
- Benzinga•5 months ago
Trump Extends Tariff Deadline For Key US Allies
Less than two months after President Donald Trump imposed steep aluminum and steel tariffs, he said Monday that the tariffs will be delayed by at least 30 days for key U.S. allies, including Canada, Mexico and the European Union. Hours before prior exemptions were set to expire, the White House announced that it would be extending its negotiations with Mexico, Canada and the EU for an additional 30 days as details of agreements that would restrain imports and protect national security are ironed out.
Market Realist•5 months agoWill Analysts Raise Estimates for Cliffs after 1Q18 Results?
As we’ve seen previously in this series, Cleveland-Cliffs (CLF) has outperformed its own expectations in terms of sales volumes and realized prices for the US iron ore (or USIO) division in 1Q18. Cliffs has also reiterated its strong outlook for pricing going forward, notwithstanding the impact of Section 232 as demand outlook remains strong. The combination of higher-than-expected sales and realized prices should lead analysts to revise their revenue estimate higher.
- Market Realist•5 months ago
Key Highlights from Cleveland-Cliffs’s 1Q18 Results
Cleveland-Cliffs (CLF) reported first-quarter revenues of $239 million, a decline of 48% year-over-year (or YoY). This decline was largely expected due to the change in the sales recognition method by the company as well as lower carryover tons from the previous quarter. The analysts were, however, expecting lower revenues of just $181.4 million. Higher-than-expected realized prices and the earlier-than-expected start to the shipping season led to the better-than-expected top-line expectations.
- Market Realist•5 months ago
What Factors Could Help CLF’s Valuation Multiple after 1Q18?
Can 1Q18 Pave the Way for Cleveland-Cliffs Stock to Re-Rate? Let’s use EV-to-forward EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) to value Cleveland-Cliffs (CLF) in relation to its peers and its historical multiples. Among Cliffs’ US steel peers, U.S. Steel Corporation (X) is trading at the lowest forward multiple of 4.5x, while Nucor (NUE) is trading at the highest multiple of 6.9x.
Market Realist•5 months agoCliffs’ Free Cash Flow Expected to Fall—but This Isn’t Bad News
Can 1Q18 Pave the Way for Cleveland-Cliffs Stock to Re-Rate? Cleveland-Cliffs (CLF) has accumulated debt over a number of years. In this context, we’ll discuss Cleveland-Cliffs’ ability to generate FCF (free cash flow).
- Market Realist•5 months ago
Cliffs’ Net Debt Is Expected to Fall Further
Can 1Q18 Pave the Way for Cleveland-Cliffs Stock to Re-Rate? Although investors are still concerned about Cleveland-Cliffs’ (CLF) debt, it’s come a long way with respect to its debt levels. Following the company’s change in management in 2014 and its focus on debt reduction as the utmost priority, investors’ concerns have been allayed somewhat.
Market Realist•5 months agoAnalysts Expect a Steep Revenue Fall for CLF in 1Q18—Here’s Why
Can 1Q18 Pave the Way for Cleveland-Cliffs Stock to Re-Rate? Wall Street analysts expect Cleveland-Cliffs (CLF) to generate revenue of $200 million in 1Q18, which implies a fall of 57% YoY (year-over-year). This expectation resulted from the company’s guidance of only 1.0 million tons of sales volumes from its US division in 1Q18 compared to 3.1 million tons in 1Q17.
- Market Realist•5 months ago
Why Cleveland-Cliffs’ US Realized Prices Could Surprise in 1Q18
Can 1Q18 Pave the Way for Cleveland-Cliffs Stock to Re-Rate? Realized prices also help assess the market sentiment, as they’re derived from existing market prices. Cleveland-Cliffs’ (CLF) realized prices came in at an average of $83.4 per ton in 4Q17, a rise of 13% YoY (year-over-year).
- Market Realist•5 months ago
Why Investors Should Ignore Cliffs’ Weak US Volumes in 1Q18
Can 1Q18 Pave the Way for Cleveland-Cliffs Stock to Re-Rate? Cleveland-Cliffs (CLF) achieved US volumes of ~5.4 million tons in 4Q17. Its volumes in the latest quarter reflect a YoY (year-over-year) fall of 22%. An above-average pace of shipping during the first nine months of 2017 and a previously highlighted reduction of pellet nominations by a customer reduced its volumes in 4Q17.
- Market Realist•5 months ago
FOMC on the Economic Situation: A Strong US Economy
In FOMC meeting minutes, a staff review of the economic situation is presented to the FOMC members. In the March meeting minutes, the FOMC staff review of the economy was stronger than the review presented at the January meeting. The short-term real GDP growth expectation was revised lower due to softness in recent economic data. The medium and long-term projections for economic growth were revised higher due to the expected positive impact of the recent federal budget and tax cuts. US unemployment is expected to remain below the longer-run natural rate. ...
- Market Realist•5 months ago
These Valuation Catalysts Could Drive Cleveland-Cliffs Stock
Could Toned-Down Tariffs Help Cleveland Cliffs in 2018?
- ETF Trends•5 months ago
Why It’s Time to Be Cautious on Steel, Steel ETFs
The VanEck Vectors Steel ETF (NYSEArca: SLX) rallied earlier this year after the White House unveiled tariffs aimed at helping U.S. steelmakers, but the steel ETF has since given back all those gains after ...
