|Bid||16.42 x 3200|
|Ask||16.47 x 2900|
|Day's range||16.28 - 16.92|
|52-week range||16.28 - 39.23|
|Beta (3Y monthly)||2.61|
|PE ratio (TTM)||2.63|
|Earnings date||2 May 2019|
|Forward dividend & yield||0.20 (1.03%)|
|1y target est||23.00|
How Wall Street Views Steel Stocks ahead of Their Q1 Results(Continued from Prior Part)U.S. Steel’s first-quarter earnings U.S. Steel Corporation (X) is scheduled to release its first-quarter earnings results on May 2 after the market closes, and
United States Steel (X) closed at $16.40 in the latest trading session, marking a -1.56% move from the prior day.
How Wall Street Views Steel Stocks ahead of Their Q1 Results(Continued from Prior Part)AK Steel’s first-quarter earnings AK Steel (AKS) is expected to release its first-quarter earnings results on April 29 after the market closes. Last year was
Why Analysts Expect Alcoa’s Earnings to Fall Sharply in Q1(Continued from Prior Part)Steel Last year, alumina prices surged to record highs. US sanctions on RUSAL coupled with the closure of Norsk Hydro’s Alunorte refinery lifted alumina prices.
Is U.S. Steel Corporation Worth a Look as Steel Prices Stabilize?(Continued from Prior Part)U.S. Steel Corporation U.S. Steel Corporation (X) has fallen 14.1% in April and 8.0% year-to-date. Last week, Bank of America Merrill Lynch and Credit Suisse
Is U.S. Steel Corporation Worth a Look as Steel Prices Stabilize?(Continued from Prior Part)China deal US steel stocks including U.S. Steel Corporation (X) and AK Steel (AKS) have taken a beating over the last year despite the Section 232 tariffs
China No Longer Seems to Be Biggest Concern for Global Economy(Continued from Prior Part)Metal investorsChina’s trade data is especially crucial for metal and mining investors (XME) given the country’s dominant share in global metal consumption.
Is U.S. Steel Corporation Worth a Look as Steel Prices Stabilize?(Continued from Prior Part)US steel industry Last week, two sell-side analysts downgraded U.S. Steel Corporation (X). While Bank of America Merrill Lynch analyst Timna Tanners double
Is U.S. Steel Corporation Worth a Look as Steel Prices Stabilize?US steelUS steel stocks were disappointing in 2018 despite the Section 232 tariffs. While Nucor (NUE) and Steel Dynamics (STLD) posted record earnings last year, the stocks ended the
U.S. steel has benefited from government tariffs, and there could be big trouble if the tariffs end -- but it's bigger than just steel prices.
Iron ore prices are up 45% year to date, but domestic steel prices aren’t rising. With new capacity coming, a second analyst advised investors to dump U.S. Steel stock.
Healthcare stocks pulled Wall Street lower on Thursday as growing fears of a global economic slowdown countered upbeat economic data and investors waited for earnings season to kick into high gear. After struggling for direction earlier in the session, all three major U.S. stock indexes had dipped into the red by midday. Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago, said investors are in wait-and-see mode.
Wall Street's main indexes were on track for a subdued open on Thursday, as investors assessed warnings from major central banks about a global slowdown and looked ahead to the start of the corporate earnings season. Profit forecasts for the first quarter have dropped steadily in the last six months, with S&P 500 earnings now seen falling 2.5%, which would mark the first year-on-year contraction since 2016, according to Refinitiv data. "We can't seem to really break out to new record highs but we're not falling either and I think earnings will be a key factor in deciding it," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
Minutes from the Federal Reserve's March meeting on Wednesday showed that it was likely to leave interest rates unchanged this year given risks to the U.S. economy from the slowdown and uncertainty over trade policies and financial conditions. The European Central Bank also maintained its loose policy stance, raising the prospect of more support being pumped into the struggling euro zone economy. Concerns about trade and financial conditions have pushed central banks to take a dovish stance, broadly supporting appetite for risk assets.
Trade-sensitive industrials dragged Wall Street lower on Tuesday as tensions over tariffs between the United States and its European trading partners went from simmer to boil and the IMF lowered its global growth outlook. All three major U.S. stock indexes finished the session in the red, with the S&P 500 ending its eight-day rally.
A year of tariffs on imported steel was very profitable for American steelmakers. It's less clear whether those gains will prove durable.
Credit Suisse downgraded shares of U.S. Steel to Underperform from Neutral on Tuesday citing new capacity coming on line in 2021 and 2022. Analyst Curt Woodworth fears more steel in the market will pressure margins and send U.S. Steel Stock down to $13.
All three major stock indexes were in the red, with the S&P 500 poised to snap its eight-day rally. President Donald Trump said he would impose tariffs on $11 billion of European goods, raising tensions over aircraft subsidies that threaten to morph into a wider trade war. Trade disputes, along with a potentially messy Brexit, led the International Monetary Fund (IMF) to cut its global economic growth forecasts and warn that further cuts could be in the offing.
U.S. stocks fell on Tuesday after President Donald Trump threatened tariffs on European goods, while a cut in the IMF's global growth forecast fanned worries of a slowdown. Trade-sensitive industrial stocks were among the worst hit, dropping 1.15%, followed by losses in energy, materials and financials. 3M Co and Caterpillar Inc were down more than 1 percent each and also weighed on the Dow.