|Bid||34.04 x 1800|
|Ask||34.05 x 800|
|Day's Range||33.81 - 36.69|
|52 Week Range||20.67 - 47.64|
|PE Ratio (TTM)||10.48|
|Earnings Date||Jul 23, 2018 - Jul 27, 2018|
|Forward Dividend & Yield||0.20 (0.54%)|
|1y Target Est||46.14|
Tuesday, June 19: President Donald Trump is looking to slap tariffs on another $200 billion of Chinese goods; Puma names Jay-Z creative director of Puma Basketball; Oprah Winfrey makes top 500 richest list as her wealth rises. Yahoo Finance’s Dan Roberts serves up three hot stories.
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.
BAYTOWN, Texas (AP) — Joel Johnson examines the shipping labels on 35-ton coils of American-made steel that will be unspooled, bent and welded into rounded sections of pipe.
Is the Worst Over for US Steel Stocks? Commerce Secretary Wilbur Ross has expressed concern over rising steel prices in the United States. On June 20, Ross told the Senate Finance Committee that “there has been a lot of speculative activity, storing inventory, [and] withholding product from the market by various intermediary parties, so the price of steel, and for a while the price of aluminum, went up far more than is justified by the tariffs,” according to S&P Global Platts.
Trade war fears have come back to haunt markets. In May, after a second round of US-China trade talks, there was a ray of optimism as the two sides decided to push the pause button on the trade war. However, the optimism was short lived, with Donald Trump soon approving tariffs on $50 billion in Chinese goods. Let’s see how a trade war could affect metal prices.
US steel stocks have seen selling pressure recently, with US-China trade friction taking a toll on broader markets, particularly metals and mining. Since China is the largest consumer of steel (XME), aluminum, and copper, metals tend to be sensitive to any developments related to China.
The Zacks Analyst Blog Highlights: CenterPoint, Roper Technologies, Axon, Apple and United States Steel
As noted previously, some brokerages have downgraded steel stocks this month, despite surging US steel prices. As of June 19, AK Steel (AKS) and ArcelorMittal (MT) had fallen this year, while U.S. Steel Corporation (X) was trading flat and Nucor (NUE) had gained 3.6%. Meanwhile, while bears have been warming up to steel stocks (XME), steel bulls have taken a backseat. Let’s see why.
To sum it up, both Nucor (NUE) and Steel Dynamics (STLD) expect their second-quarter earnings to more than double on a YoY (year-over-year) basis. U.S. Steel Corporation (X) and AK Steel (AKS) are also expected to post a YoY rise in their second-quarter earnings. To be sure, two things are at play in steel companies’ second-quarter earnings.
Previously in this series, we’ve looked at Nucor’s (NUE) and Steel Dynamics’ (STLD) second-quarter earnings guidance. In this article, we’ll look at some recent analyst assessments.
In this article, we’ll see what analysts are projecting for U.S. Steel Corporation’s (X) second-quarter earnings. Analysts polled by Thomson Reuters expect U.S. Steel to post revenues of ~$3.4 billion in the second quarter. The company posted revenues of ~$3.1 billion in the sequential quarter.
On June 14, Nucor (NUE) provided its second-quarter earnings guidance. While Nucor typically provides quantitative guidance 15 days before its earnings release, AK Steel (AKS) gives broad qualitative guidance during its earnings calls. This year, U.S. Steel broke from its usual practice and updated its guidance between earnings calls.
US steel stocks were among the biggest gainers in 2016, as Donald Trump’s election helped fuel a rally on expectations of higher demand and supportive trade policies. President Trump has delivered on his pre-election pledge of saving the US steel industry.
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.
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.
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.