|Bid||0.00 x 2200|
|Ask||33.98 x 800|
|Day's Range||27.32 - 28.24|
|52 Week Range||24.82 - 47.64|
|Beta (3Y Monthly)||3.80|
|PE Ratio (TTM)||9.32|
|Earnings Date||Nov 1, 2018|
|Forward Dividend & Yield||0.20 (0.70%)|
|1y Target Est||40.73|
Perhaps President Trump's steely resolve on metal tariffs has paid off -- at least for workers for U.S. Steel Corp. A report from Reuters on Tuesday, citing sources familiar with the negotiations, said the agreement calls for a four-year deal with the United Steelworkers union, providing for a total pay raise of about 14%. U.S. Steel on Monday announced the tentative agreement, which covers approximately 14,000 USW-represented employees at all of the company's domestic flat-rolled and iron ore mining facilities as well as tubular operations in Fairfield, Ala., Lorain, Ohio, and Lone Star, Texas.
Wall Street analysts expect Cleveland-Cliffs (CLF) to generate revenue of $731 million in the third quarter, which implies a rise of 4.7% YoY (year-over-year). This expectation is the result of the company’s guidance for higher volumes along with higher spot HRC (hot-rolled coil) prices prevailing in the market compared to last year’s corresponding period. As we discussed earlier in this series, CLF expects higher volumes in the third quarter.
United States Steel Corp (X.N) workers are set to get the biggest wage jump in at least six years under a new deal negotiated with the company, providing early signs that gains from U.S. President Donald Trump's clampdown on foreign imports are finally trickling down. Wages were frozen in the last contract, which ended on Sept. 1, as the Pittsburgh-based company was suffering losses from a slump in the domestic steel prices. Trump's restrictive trade policy, coupled with a strong economy, has sent domestic steel prices soaring, helping U.S. Steel post a near 60 percent increase in pretax profits in the June quarter.
For some big names like Advanced Micro Devices (NASDAQ:AMD) and FedEx (NYSE:FDX), it has been an even more harrowing phase. To that end, a whole bunch of names have turned into bargain stocks. Admittedly, the construction market hasn’t been red hot of late.
Cleveland-Cliffs (CLF) stock has received six upgrades (including initiations) and just one downgrade in 2018 so far.
Here are some of the companies with shares expected to trade actively in Tuesday’s session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.
Along with volumes, realized revenues are among the most important components that drive a commodity company’s top line. Realized prices also help assess market sentiment, as they derive from existing market prices.
Members of the United Steelworkers union reached a tentative agreement Monday with United States Steel Corp. on a new master agreement that will cover 16,000 workers at facilities across the country, according to a release. US Steel owns and operates Granite City Works in Granite City, Illinois. Tom Ryan, chairman of the grievance committee at United Steelworkers Local 1899 in Granite City, told the Business Journal last week that about 1,300 members are back to work at the plant, and 20 to 25 more are being hired each week. The union's agreement with U.S. Steel expired on Sept. 1, but members agreed to continue working as negotiations continued.
The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - On Monday, Saudi officials were considering whether to say ...
The committee raised just over $2 million from July through late September. It also received eye-popping contributions from longtime Trump attorney Marc Kasowitz, who gave $50,000, and United States Steel Corp. donated $100,000.
Corp. struck a tentative agreement for a new labor contract covering at least 14,000 workers, breaking a three-year wage freeze. On a company website dedicated to the negotiations, U.S. Steel touted increases in base wages over a six-year term.
U.S. Steel Corp. (NYSE: X) and the United Steelworks have reached a tentative labor agreement that could affect plans for a new electric arc furnace in metro Birmingham that would salvage hundreds of jobs.
The United Steelworkers (USW) union said on Monday it reached a tentative agreement with U.S. Steel Corp covering 16,000 workers across the country. Details about the new tentative agreement will be provided after its ratification, U.S. Steel said separately. The union's collective bargaining agreement with U.S. Steel expired on Sept. 1 but union members had agreed to work under an extension as bargaining continued.
PITTSBURGH, Oct. 15, 2018 -- United States Steel Corporation (NYSE: X) today announced that it reached a tentative agreement with the United Steelworkers (USW) on successor.
The volatile steel sector has yet to obtain the stamp of approval from sell-side firms despite expectations that President Donald Trump's tariffs could lend support. Ahead of the third-quarter reporting ...
On October 15, Credit Suisse downgraded the US steel sector to a “market weight” from an “overweight” rating. Credit Suisse downgraded Nucor (NUE) and Cleveland Cliffs (CLF). Several other brokerages have also taken bearish views on US steel stocks.
Even though tariffs have bumped the prices for domestic steel and aluminum, these four stocks are down more than 15% this year.
U.S. Steel Corporation (X) is scheduled to release its third-quarter earnings results on November 1. The stock has received “buy” or higher ratings from eight analysts, while six analysts have given it “hold” ratings. The remaining two analysts polled by Thomson Reuters on October 9 have given it “sell” or equivalent ratings.
Although the broader market (DIA) is still in the green for the year, metals and mining stocks have sagged this year. Steel stocks like U.S. Steel (X) and AK Steel (AKS) have also been on a losing spree. Metal prices have been subdued this year amid the US-China trade war scare.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Basic Materials sector is rising.
AK Steel (AKS) is scheduled to release its third-quarter earnings results on October 25. Five analysts have rated AK Steel as a “hold,” while the remaining two analysts polled by Thomson Reuters on October 9 have given it “sell” or equivalent ratings. AK Steel’s mean consensus price target of $5.25 represents a 9.4% upside over its October 9 closing price.
Nucor (NUE), the largest US-based steel producer, is scheduled to release its third-quarter earnings results on October 18. In this article, we’ll see how analysts are rating the stock ahead of its earnings release.
Steel Dynamics (STLD) has scheduled its third-quarter earnings release for October 17, and it will hold its earnings call the next day.
The third-quarter earnings season is fast approaching. Steel Dynamics (STLD) will be the first major steel company to release its quarterly performance on October 17. This release will be followed by Nucor’s (NUE) earnings release on October 18.
United States Steel Corporation (NYSE:X) is a stock with outstanding fundamental characteristics. When we build an investment case, we need to look at the stock with a holistic perspective. In Read More...