|Bid||27.06 x 4000|
|Ask||27.15 x 1800|
|Day's Range||26.85 - 27.53|
|52 Week Range||26.85 - 51.69|
|Beta (3Y Monthly)||1.49|
|PE Ratio (TTM)||5.10|
|Earnings Date||Jul 22, 2019 - Jul 26, 2019|
|Forward Dividend & Yield||0.96 (3.03%)|
|1y Target Est||40.58|
Steel represents a significant amount of materials trading done on the stock market. Some companies perform better than others—for a number of reasons.
Steel Dynamics (STLD) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Alan Kestenbaum said the company is targeting assets in North America that will complement the profile of the Hamiliton, Ontario-based integrated steelmaker, currently riding a wave of demand from the automotive and construction sectors. This could include a foray into the scrap-centric mini mills that are benefiting companies such as Nucor Corp. and Steel Dynamics Inc. -- at the right price, he said. “We’re limitless, we have various debt tools, we have cash and equity,” that can be used to fund acquisitions, Kestenbaum said in an interview at Bloomberg’s office in Toronto.
How Analysts Are Rating Steel Stocks after Their Q1 ResultsSteel stocksThe first-quarter earnings season is nearly over, and most steel companies have released their quarterly earnings results. Overall, it was a good quarter for steel companies in
Last week, The Washington Post reported President Donald Trump told White House advisers, military engineers and Homeland Security executives that the border barrier with Mexico will not be a concrete wall as he had originally promised, but a 1,954 mile-long fence of steel poles. Warning! GuruFocus has detected 4 Warning Signs with TSLA. The Ebitda margin is an indicator of profitability for companies that operate in a capital-intensive industry like steel.
FORT WAYNE, Ind. , May 17, 2019 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors has declared a quarterly cash dividend of $0.24 per common share. ...
Steel maker stocks dropped in midday trade Friday, after The Wall Street Journal reported that U.S. trade negotiators were close to a deal with Canada and Mexico to end tariffs on steel imports. Shares of U.S. Steel Corp. fell 2.7%, Nucor Corp. shed 3.6%, Steel Dynamics Inc. gave up 2.9% and ArcelorMittal slid 3.4%. Meanwhile, the S&P 500 was down just 0.2%. Among aluminum companies, Alcoa Corp.'s stock fell 1.7% and Kaiser Aluminum Corp. declined 1.5%. The WSJ reported, citing sources, that U.S. trade negotiators were trying to reach a deal on tariffs with Canada and Mexico to "push USMCA through Congress."
One of the benefits that people foresaw of President Trump's administration was the return of legacy industries like steel. When the President first started talking tough against China, companies like U.S. Steel Group (NYSE:X) experienced a surge in value. However, the burst in X stock and similar names was short-lived.Source: Shutterstocks Trump launched the first salvo of tariffs on Chinese goods in late January 2018. Initially, the thesis for U.S. Steel stock appeared ironclad. Finally, we had a President willing to stand up to shady Chinese business practices, such as commodities dumping. With an administration that didn't give two cents about political correctness, X stakeholders rejoiced.Unfortunately, economic dynamics, especially in the modern era, do not occur individually in a vacuum. What affects one sector will likely impact another, often with unpredictable results. While Trump won voters in blue-collar, conservative states with his tough talk, his policies didn't work as he previously hoped.InvestorPlace - Stock Market News, Stock Advice & Trading Tips X Stock Meets RealityCertainly, the idea of tariffs and dumping-crackdowns rejuvenated X stock. They also lifted industrial-commodities players like Alcoa (NYSE:AA) and Steel Dynamics (NASDAQ:STLD), which benefited from rising steel prices.That said, those rising prices hurt industrial consumers of steel and aluminum, such as General Motors (NYSE:GM). The double-whammy, of course, was that many of these sectors and companies couldn't afford the sudden hit to margins. For instance, GM and Ford (NYSE:F) already have problems selling cars in America.Passing the costs to consumers who don't already buy American? This just wasn't going to fly. Thus, U.S. Steel stock received a boost from surface-level trading. But once reality set in, the Trump-tariff fundamentals didn't look too hot. * 10 Stocks That Could Squeeze Short Sellers, Including CGC But with X stock down more than 55% since the start of 2017 -- despite last Friday's double-digit swing up -- is it time to go contrarian? The Bull Case for U.S. Steel StockFor those willing to go against the grain, it's not just X stock that has looked interesting recently. From a technical standpoint, Alcoa appears to have hit bottom. So too have Steel Dynamics shares.Naysayers will immediately counter and state that it's unwise to chase a company down. Over the last several years, we've seen many high-profile names that offered contrarian cases, only to disappoint further. What then makes U.S. Steel stock any different?Fundamentally, the underlying firm still represents a viable industry. True, we're moving deeper into the information age. Nowadays, the sexiest companies are those that lead in automation and artificial intelligence. I'm not shocking anyone with that statement.Still, we have robust demand for actualizing those innovations. For instance, the robots that build our cars aren't going to build themselves. More importantly, some of the implications behind the latest tech innovations won't occur until much later down the line.At some point, AI will replace human drivers altogether. But that may not happen in our lifetime. Therefore, automakers are still competing with each other for consumer dollars, invariably lifting X stock.This underappreciated demand for commodities-based products helped buoy sector players from completely imploding. Even during the early stages of geopolitical tensions between the U.S. and China, aluminum demand remained healthy. At some point, you got to like your chances that U.S. Steel stock will make a comeback. Trump Is a WildcardWith all that said, I understand the hesitation toward X stock. Admittedly, the steel and aluminum markets need some help. President Trump, as well-intentioned as he may be, isn't helping.When he made good on his tariff threats, many conservatives lauded his efforts in sticking up for blue-collar Americans. But as the markets and the hard data indicate, those moves didn't pan out so well. Partially due to these pressures, Trump agreed to negotiate with his Chinese counterparts. * 7 Food Stocks to Buy Now Now, the volatile President has seemingly changed his mind. In a stunning about-face, he threatened to renew tariffs on China, shocking just about everybody. I believe this is the reason why U.S. Steel stock failed to build off last Friday's spike rally. Steel companies have seen where "protective" tariffs lead.However, I think we can discount this outburst as another presidential episode. With the 2020 elections coming up, Trump can't afford to actualize "the crazy." He knows as well as anyone that the way to win the American voter is through their wallet.In other words, Trump has every incentive to truly act in the blue-collar worker's best interest. And with that backdrop, you can trust X stock a lot more than other speculative names.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Cloud Stocks to Buy on Overcast Days * 6 Stable Stocks Worth Buying for Protection * 5 Active Vanguard Funds That You Have to Own Compare Brokers The post Why You Can Trust U.S. Steel Stock Amid Other Risky Names appeared first on InvestorPlace.
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The Association for Iron and Steel Technology held its annual Town Hall Forum event on Wednesday at the David L. Lawrence Convention Center.
U.S. Steel shares caught another downgrade from Wall Street Wednesday. UBS says the stock could hit $10, down another 35% from recent levels.
Shares of U.S. Steel Corp. tumbled 5.7% in midday trade Wednesday, after UBS went back to being bearish on the steel maker, citing concerns that blast oxygen furnace (BOF) operators will continue to lose market share to electric arc furnace (EAF) operators. Analyst Andreas Bokkenheuser downgraded U.S. Steel to sell, after upgrading it to neutral in early December. He slashed his price target to $10, which is 35% below current levels and the lowest target he's had on the stock since February 2016, from $22. Meanwhile, Bokkenheuser upgraded EAF operator Steel Dynamics Inc. to buy from neutral, and raised his price target to $47.00 from $37.50. "With U.S. steel demand in structural decline, EAF product quality rapidly improving and imports remaining somewhat resilient, we believe the war for market share will be fought on price," Bokkenheuser wrote in a note to clients. With an average of 66% higher [earnings before interest, taxes, depreciation and amortization per ton] than the BOFs, we assess the EAFs are best positioned to compete on price." Shares of EAF operator Nucor Corp. are up 1.2% in midday trade while BOF operator AK Steel Holding Corp.'s stock was down 1.4%. Meanwhile, the S&P 500 has up 0.1%.
Steel Dynamics Inc NASDAQ/NGS:STLDView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for STLD with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting STLD. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $2.76 billion over the last one-month into ETFs that hold STLD are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The volatility in U.S. Steel stock mirrors the turmoil in the wider steel sector, as political disputes have affected scrap exports and tariffs have stopped the flow of foreign steel into the country.
U.S. Steel: Q1 Earnings Might Revive Investors' SentimentsU.S. Steel CorporationU.S. Steel Corporation (X) is scheduled to release its first-quarter earnings on May 2 after the markets close. The company will hold its earnings call the next day.
How Cleveland-Cliffs Is Looking after Its Q1 2019 Results(Continued from Prior Part)Significant turnaroundSince Cleveland-Cliffs’ (CLF) new management took over in August 2014, the company has turned around for the better. After taking care of the
How Cleveland-Cliffs Is Looking after Its Q1 2019 Results(Continued from Prior Part)HBI plantAfter Cleveland-Cliffs’ (CLF) debt repayment concerns were taken care of, the company started refocusing on growth. It is currently building an HBI
How Cleveland-Cliffs Is Looking after Its Q1 2019 Results(Continued from Prior Part)Revenue declineCleveland-Cliffs’ (CLF) revenue fell 12.8% YoY (year-over-year) to $157 million in the first quarter, beating analysts’ expectation of $120.0
How Cleveland-Cliffs Is Looking after Its Q1 2019 ResultsCleveland-Cliffs’s Q1 2018 results beatCleveland-Cliffs (CLF) released its first-quarter results on April 25 before the markets opened. The company held a conference call with
U.S. Steel and AK Steel: What to Expect This WeekFirst-quarter earningsWe’re in the middle of the first-quarter earnings season. So far, Nucor (NUE), Steel Dynamics (STLD), and Cleveland-Cliffs (CLF) have reported their first-quarter earnings.
Cleveland-Cliffs Beats Analysts’ Q1 Earnings Estimates(Continued from Prior Part)Operating performance Cleveland-Cliffs (CLF) beat analysts’ top- and bottom-line estimates in the first quarter. The company’s mining and pelletizing sales
Cleveland-Cliffs Beats Analysts’ Q1 Earnings EstimatesQ1 2019 results Cleveland-Cliffs (CLF) released its first-quarter results today before the markets opened. It reported EPS and revenue of -$0.08 and $157 million, beating analysts’ estimates
What’s in the Cards for Cleveland-Cliffs’ Q1 Results?(Continued from Prior Part)Realized revenues In addition to volumes, realized revenues are among the most important components that drive a commodity company’s top line. Sign up for Bagels