|Bid||10.80 x 4000|
|Ask||10.84 x 1200|
|Day's Range||10.76 - 11.30|
|52 Week Range||10.16 - 30.91|
|Beta (3Y Monthly)||2.48|
|PE Ratio (TTM)||1.89|
|Forward Dividend & Yield||0.20 (1.81%)|
|1y Target Est||N/A|
U.S. Steel became the third steel company this week to issue a profit warning to investors as the stock plunged as much as 15%. FedEx shares dropped 13% after the company’s earnings report prompted a wave of downgrades from analysts at Deutsche Bank, Stifel, Keybanc, and BMO. Yahoo Finance's Myles Udland, Jen Rogers and Andy Serwer sit down and discuss.
Shares of US Steel are tanking after the company cut its current quarter guidance. Yahoo Finance's Alexis Christoforous and Brian Cheung discuss.
Yahoo Finance’s Ines Ferre is live at the NYSE to break down the market action of U.S. steel, Olive Garden parent company Darden Restaurants, and Target.
The stock market lost some ground amid soaring crude oil prices, Fed policy moves and China trade headwinds.
This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga Pro users on the platform. McDermott International (NYSE: MDR ) shares ...
China Tariffs Up to 100%? Pillsbury Says Maybe Yes Is President Donald Trump just playing bad cop, or is he really going to raise tariffs again on China? Nobody knows, probably not even Trump himself. However, according to a report from some guy named Michael Pillsbury, not to be confused with the glutinous consumer-oriented baking […]The post Market Morning: Pillsbury 100% Tariff Threat, Oracle Says Uber Worthless, Panetta War Warning appeared first on Market Exclusive.
The SPDR S&P 500 ETF (NYSEARCA:SPY) hit a new 52-week high in Thursday's session, but did not do so with overwhelming confidence. We'll have to see how the action shakes out over the next few days and weeks, after the Fed cut rates on Wednesday. Here are our top stock trades. Top Stock Trades for Tomorrow 1: GogoDid this trade in Gogo (NYSE:GOGO) pay off or what? We highlighted it in early September as a top stock trade and these Twitter traders crushed it too.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars Shares are finally taking a breather. I want to see if the $6 level will now act as support. There it will find prior resistance and the 50-week moving average. If it does and GOGO takes out this week's high, a run to $8+ is on the table.Below $6 and Gogo will need some time to reset. Top Stock Trades for Tomorrow 2: AlibabaThis was another one we highlighted earlier this month, as Alibaba (NYSE:BABA) approached $179 to $180 resistance.With uptrend support creating a series of higher lows, this ascending triangle was prepped for a breakout. On Thursday we got that breakout, but BABA stock failed to hold much of its gains on the day.Investors now need to see if $179 to $180 will act as support. If it does, they need to see BABA then take out Thursday's highs. If it fails as support, it very well could be a failed breakout, in which case the 20-day moving average and uptrend support become the must-hold levels. Top Stock Trades for Tomorrow 3: TargetTarget (NYSE:TGT) stock continues to show impressive relative strength since reporting blowout earnings in mid-August, which is why I'm looking for it to be a market leader going forward.Shares are being buoyed by the 20-day moving average and are putting in a series of higher lows. I'm looking for a breakout over $110 now. Over $110.94 -- the prior highs -- and TGT can really gain some momentum. Top Stock Trades for Tomorrow 4: U.S. SteelU.S. Steel (NYSE:X) is keeping up the ugliness, falling more than 10% on the day.The silver lining is that shares are rallying off the lows. But with so many bearish trends, it's hard to get excited about this one. If X breaks its lows from last month, a plunge into no man's land could be next.This name doesn't excite me until it's over $13.50. Top Stock Trades for Tomorrow 5: Monster BeverageWe were looking for this one to "go" earlier this month, but each time Monster Beverage (NASDAQ:MNST) has fizzled out on its breakout attempt.The plus side is that it continues to put in higher lows, as uptrend support squeezes it higher. Let's see if shares can take out last week's highs near $59.56. If it can, the 50-day moving average and $60.50 are the next upside targets. * 8 Dividend Stocks to Buy for a Recession On the downside, see that MNST doesn't fall below $57.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long GOGO via options. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Dividend Stocks to Buy for a Recession * 10 Companies Making Their CEOs Rich * The 7 Best S&P 500 Stocks of 2019 So Far The post 5 Top Stock Trades for Friday: GOGO, BABA, TGT appeared first on InvestorPlace.
Two factors increasing the chance of that were the overall reaction from the Fed's action, a buyback from Target Corporation (NYSE: TGT) and a dividend raise and buyback by the S&P 500 index top component Microsoft Corporation (NASDAQ: MSFT). The impact of the former CEO of Overstock.com Inc (NASDAQ: OSTK) dumping all of his shares was discussed. United States Steel Corporation (NYSE: X) followed the lead of Steel Dynamics, Inc. (NASDAQ: STLD) in lowering third-quarter guidance, and it was deep in the red in premarket trading.
Nothing presents the dichotomy better than the reports last night of U.S. Steel and Herman Miller , the best office and home furniture designer on the globe and the maker of the stupendous, still revolutionary Aeron chair. Last night Herman Miller blew the doors off the fiscal first-quarter numbers, earnings per share of 84 cents when the Street was looking for 78 cents with sharply better-than-expected revenues. U.S. Steel, on the other hand, told you last night it was having a colossal shortfall, guiding for third-quarter EBITDA to come in at $115 million when the Street was looking for $190 million.
Cleveland-Cliffs (CLF) and its US steel peers are on a roller-coaster ride in 2019. CLF fell 25.5% in August alone. Year-to-date, it's up 6.4%.
This week, three leading US steel companies provided their third-quarter earnings guidances. All these guidances were lower than analysts were expecting.
The steel giant provided third-quarter guidance Wednesday evening, and numbers were far below what Wall Street expected. Fires, steel imports, economic weakness, and idled capacity all contributed to the disappointment.
United States Steel Corporation (NYSE: X) became the latest to warn of worsening fundamentals when it made a third-quarter pre-announcement late Wednesday. After the strength witnessed in the summer, the flat-rolled steel market has softened, U.S. Steel said. U.S. Steel now expects full-year flat-rolled shipments to third-party customers to be 10.7 million tons, as it expects to idle two of its U.S. blast furnaces to match supply with demand forecasts.
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. U.S. Steel Corp. shares plunged the most in more than a year after the company said it expects to report a wider loss than analysts were expecting, the third American steelmaker in three days to warn on their outlook.The Pittsburgh-based company cited weakening markets for flat-rolled steel and tubular products for the energy industry. It expects an adjusted loss of 35 cents a share this quarter, according to a statement Wednesday, compared with the average analyst estimate for a 6-cent loss.The outlook comes after Nucor Corp., the largest U.S. producer of the metal, and Steel Dynamics Inc. this week gave guidance short of estimates. Steelmakers raised some prices earlier this quarter, but buyers have been slow to accept the increases, underscoring fading optimism more than a year after the introduction of U.S. tariffs meant to bolster the industry.“This speaks to the emerging weakness in the energy sector in U.S., it speaks to pervasive weakness in Europe as well,” Phil Gibbs, an analyst at Keybanc Capital Markets, said in a telephone interview. “They’re not getting help anywhere right now.”U.S. Steel fell 13% at 9:37 a.m. in New York, the biggest intraday drop since April 2018. The stock has declined by about 40% this year. The S&P Supercomposite Steel Index of 13 producers slid, led by U.S. Steel, AK Steel Holding Corp. and Steel Dynamics.On Monday, Charlotte, North Carolina-based Nucor fell after saying its profit waned in the third quarter as prices decreased amid softening in several end markets. Performance in the steel mills segment is expected to decrease from the previous quarter “due primarily to lower prices for sheet and plate steel,” Nucor said.Since the tariffs were announced in 2018, shares of U.S. steelmakers have slumped amid mounting concern that U.S.-China trade tensions threaten global economic growth and demand for the commodity. U.S. Steel also said Wednesday that it’s almost three-quarters of the way toward its goal of reducing its European workforce by 2,500 by the end of 2021. The company has eliminated 1,800 jobs in its European unit, according to the statement.The company expects third-quarter 2019 adjusted EBITDA to be about $115 million, which excludes about $53 million of estimated impacts from a fire at a coke-making facility and restructuring charges.\--With assistance from Steven Frank.To contact the reporters on this story: Joe Richter in New York at firstname.lastname@example.org;Joe Deaux in New York at email@example.comTo contact the editors responsible for this story: Luzi Ann Javier at firstname.lastname@example.org, Joe Richter, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Disappointing guidance from some of the major U.S. steel makers has raised worries about a possible weak Q3 earnings season for the U.S. steel industry.
Dow futures: The stock market rally held up after a Fed rate cut and Fed chief Jerome Powell's comments. Apple is a buy again. Microsoft rose late on a buyback. Will AT&T; sell DirecTV?
Investing.com - U.S. futures fell on Thursday, after the Federal Reserve damped hopes for any further monetary easing on top of Wednesday's rate cut, the second in as many months.
The steelmaker expects to post a third-quarter loss of 35 cents a share, much wider than analysts' forecasts.
U.S. Steel Corp. shares fell in the extended session Wednesday after the steel maker cut its outlook. U.S. Steel shares fell 5.5% after hours, following a 3.9% decline to close the regular session at $12.45. The company expects an adjusted third-quarter loss of 35 cents a share. Analysts surveyed by FactSet had forecast an adjusted loss of 10 cents a share. U.S. Steel said that it would continue to idle two blast furnaces until the end of the year. "The positive flat-rolled steel market indicators experienced earlier this summer have softened after a brief recovery in steel selling prices," U.S. Steel said in a statement. "The impact of falling steel prices through the second quarter, combined with the impact of a larger than expected drop in scrap prices on market sentiment, is expected to negatively impact flat-rolled earnings in the second half of the year."
Last month, Trump claimed that the US steel industry is “thriving.” With US steel companies set to release their guidance, we may see if Trump is right.