Let's some X bouncing off of support for the next couple of days. the market is in a stand still at the moment and may do the sideways action for a bit. X is always a good place to make some profits . Good luck.
Risaburo Nezu, chairman of the OECD steel committee told, "Global steel demand growth continues to be led by emerging economies to meet the requirements of expanding industrial sectors and infrastructure growth. Demand in many mature economies has slowed in line with weaker economic activity".
The OECD’s steel committee consists of industry and government officials from countries that together account for 81% of the world’s steel exports.
And according to Nezu, steel use continues to grow most rapidly in the so-called “BRIC” economies of Brazil, Russia, India, and China. In 20...
United States Steel Corporation produces steel products. It operates through three segments: Flat-rolled Products, U. S. Steel Europe, and Tubular Products. The Flat-rolled Products segment produces slabs, sheets, tin mill products, strip mill plates, rounds, and coke. It serves customers in the service center, conversion, transportation, construction, container, and appliance and electrical markets in North America. The U.S. Steel Europe segment manufactures and sells sheet, strip mill plate, tin mill, and tubular products, as well as heating radiators and refractories. It serves customer
TheStreet.com's Jim Cramer says we're in a relentlessly terrible market.
Slew of bad news to wake up to. Freeport (NYSE: FCX) (Cramer's Take) eliminates its dividend to conserve cash as copper has had an unmitigated decline. Impairments coming; ugly, but somewhat predictable given t...
General Motors Corp. (NYSE: GM), Ford Motor Co. (NYSE: F) and Chrysler appealed to Congress for a bailout Tuesday. GM said it wouldn't last till New Year's without an immediate $4 billion and is asking for as much as $18 billion to keep afloat and survive. Together they asked for ...
Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Monday December 1.[[ more ]]
Bullish Calls:
Genzyme (GENZ): "I can't believe how much this one got slammed today. This is one you buy into on the way down. I'm a buyer of Genzyme right here." Goldman Sachs (GS): “Everyone's worried about their quarter. I think they lose $5 a share. But the stock is priced a lot lower. I'm a buyer after they report." Anadarko Petroleum (APC): “I like Andarko Petroleum.” United States Steel (X): "I think it's a travesty that this stock is down this much. I know steel is
One of the strange aspects of running a quant shop is watching some of the fundie guys downgrade previously beloved names long after they have been spanked. Let’s cherry pick a few charts and work our way through them.
We’ve noticed this with GM, AIG, and many others recently. Today’s silly downgrade is US Steel.
I don’t want to pick on any one analyst. Since Goldman Sachs are supposed to be the smartest guys on the street, let’s start with them.
Here is their US Steel (X) chart:
US Steel, 2 years
Goldman Sachs current analyst
Source: FusionIQ, Bloomberg
Arcelor Mittal (NYSE: MT), a global steel producer, is recently trading at $26.90 in pre-open trading, below its close of $31.70. MT reported Q3 EPS of $2.79 verses consensus of $4.01. MT December option implied volatility of 94 is above its 26-week average of 54 according to Track Data, suggesting larger price movement.
Mechel Steel (NYSE: MTL) closed at $9.01 Tuesday. MTL is a Russian mining, steel and power company. MTL December option implied volatility of 177 is above its 26-week average of 88 according to Track Data, suggesting larger price fluctuati
X marks the spot!
- X marks the spot! Holy moly, the company of steel is UNSTOPPABLE! Looks destined for $200s here shortly. Jeez louise is this thing juiced! It just do...
Data powered by QuoteMedia.
All Rights Reserved.
Data delayed 15 to 20 minutes unless otherwise indicated.
Terms of Use.
None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.
X
About United States Steel Corp
- Answers.com
Arcelor Mittal
