|Bid||35.86 x 2900|
|Ask||35.87 x 800|
|Day's Range||35.43 - 36.36|
|52 Week Range||20.42 - 47.64|
|PE Ratio (TTM)||10.91|
|Earnings Date||Jul 23, 2018 - Jul 27, 2018|
|Forward Dividend & Yield||0.20 (0.55%)|
|1y Target Est||45.93|
Steady growth in manufacturing is expected to make Texas a powerhouse in the manufacturing sector by the mid-21st century.
Petroleo Brasileiro S.A. (PBR) (NYSE:PBR) has been so volatile it might make investors sick. Some might be asking whether they’re riding a roller coaster or are long on PBR stock. Given that, why go with PBR, which is not only being decimated from a stock-trading perspective, but also suffering thanks to its location in South America? It’s no secret the iShares MSCI Brazil Index (ETF) (NYSEARCA:EWZ) has been struggling big time this year.
In this article, we’ll look at steel companies’ 2018 EBITDA estimates. US-based steel producer Nucor (NUE) is expected to post adjusted EBITDA of $3.6 billion this year, compared with $2.6 billion last year. Interestingly, while analysts expect Nucor’s EBITDA to rise sequentially in the second quarter, they are expected to be largely flat in the third and fourth quarters.
In March, Donald Trump imposed a 25% tariff on steel imports after the US Commerce Department found that steel imports may be a threat to US national security. A separate probe also found that aluminum imports may be a threat.
With a stock market that's been picking up steam for quite some time, finding reasonable places to invest is challenging. Moreno has several picks he feels are ready to move higher, starting with United States Steel Corp. Moreno points out that U.S. Steel formed a triple top back in March, with the stock then plunging down to its 200-day moving average.
After touching $32 in February, shares of United States Steel Corporation (NYSE:X) were over $45 just a few weeks later. For 2019, analysts are looking for earnings to grow about 6% to $5.37-per-share.
The markets aren’t reacting much to the White House’s successful dealing with North Korea. Perhaps it’s because of the upcoming Federal Reserve meeting on Wednesday. Despite that, there are a lot of good setups making our list of top stock trades.Top Stock Trades for Tomorrow No. 1: United Parcel Services (UPS)
According to a poll by Thomas Reuters on June 8, four analysts rated U.S. Steel Corporation (X) as a “strong buy,” six analysts rated it as a “buy,” five analysts rated it as a “hold,” and one analyst rated it as a “sell.” U.S. Steel Corporation carries a mean consensus target price of $45.93, which represents 23.6% upside over its closing price on June 8. There haven’t been any recent rating changes for U.S. Steel Corporation.
United States Steel Corporation (NYSE:X), a metals and mining company based in United States, saw a decent share price growth in the teens level on the NYSE over the lastRead More...
"We've been in a trade war for 30 years," says U.S. Steel President and CEO David Burritt. On Monday, U.S. Steel reopened the facility in Illinois. Burritt says the move will not only create 800 jobs at his company, but additional jobs throughout the community.
In March, President Trump imposed a 25% tariff on US steel imports with some country-wise exemptions. Last month, President Trump didn’t extend the exemptions for the European Union and NAFTA amid the failure to reach a deal on long-term exemptions. Other trading partners like China, Japan, India, and Turkey were covered under the stringent tariffs.
On June 8, China released its trade data for May. In dollar terms, China’s exports rose 12.6% YoY (year-over-year), while its imports rose 26%. In April, China’s exports rose 12.9% YoY, while its imports rose 21.5%. China’s June trade data were better than expected for exports and imports.
So far in this series, we’ve looked at steel companies’ valuation. Markets seem to be valuing steel companies based on cyclical peaks in steel prices. US steel prices could be near their cyclical peaks, with hot rolled coil touching $900 per ton—its highest price since 2008.
PE ratios are the most widely used valuation metrics. In this article, we’ll look at steel companies’ PE and PEG (price-to-earnings-to-growth) ratios.
This year, frictions between the United States and its trade partners have escalated. In January, the Trump Administration imposed duties against washing machine and solar panel imports. It was followed in March by the Section 232 tariffs on steel and aluminum imports. Then in May, President Trump put Section 232 tariffs on European Union and NAFTA (North American Free Trade Agreement) steel and aluminum imports. But these regions were exempt from the tariffs pending the negotiations for long-term exemptions. ...
US steel prices have seen a spectacular rally this year, with spot steel prices rising to multiyear highs. Although it may be some time before the higher prices fully reflect in steel companies’ earnings, they are still posting handsome profits. For instance, in the first quarter, ArcelorMittal (MT), the world’s largest steel producer, saw its highest per-ton EBITDA since the first quarter of 2012. Also, steel companies (XME) U.S. Steel Corporation (X), AK Steel (AKS), and Nucor (NUE) expect their earnings to rise in the second quarter.
Among the companies with shares expected to trade actively in Wednesday's session are Tesla, Facebook, U.S. Steel, Macy's and Twitter.
Monday, June 11: President Donald Trump clashes with America's key allies at G7 summit in Canada before heading off to meet with North Korean dictator Kim Jong Un; billions in cryptocurrency was lost after South Korea's Coinrail was hacked; Elon Musk's Boring Company flamethrower, which is branded as 'not a flamethrower,' is now available. Yahoo Finance's Myles Udland pours over the details.
U.S. Steel CEO David Burritt speaks to CNBC's Jackie DeAngelis about the state of steel industry in the U.S. as the Trump administration levies tariffs on steel and aluminum imports.
Following a tense G7, President Trump struggles to find support for his trade policies at home. Yahoo Finance's Seana Smith, Andy Serwer and Julia La Roche discuss.
US stocks edge higher as the G7 summit gets underway in Canada. Yahoo Finance's Seana Smith discusses the market's reaction with Alan Valdes of SilverBear Capital.
A new report from the World Bank says increases in Tariffs could take global trade back to 2008 crisis levels. Yahoo finance's Seana Smith, Myles Udland and Ethan Wolff-Mann discuss.