Steel is Back on Cyber Monday (AKS, X, NUE)
Submitted by WSN_Staff on Mon, 11/30/2009 - 15:21.
The best of the steel companies are enjoying this Cyber Monday and watching their shares rise, those companies include United States Steel (NYSE:X), Nucor (NYSE:NUE), and AK Steel Holding (NYSE:AKS).
Goldman (GS) has added U.S. Steel (X) to is 'conviction buy list', that rating is fueling buying this today as shares are up 3%. Goldman today blessed U.S. steelmaker stocks to Attractive.
"Steel and scrap prices in the U.S. have bottomed in our view, Chinese prices are rising, inventories remain low, a weak dollar has brought the U.S. close to being a net exporter, and we expect better industrial and auto demand in 2010," firm said.
Besides U.S. Steel (X), Goldman also recommends Nucor (NUE) and AK Steel (AKS). Its game on for the AKS, X, and NUE.
For your investing research pleasure, here are those stocks below and the links to Google Finance:
| Valuation | Dividend | Financial ratios | Operating metrics | Margins | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Company name | Price | Change | Chg % | Earnings per share | Mkt Cap | Dividend | Total debt to assets | Return on avg assets | Return on avg equity | Net profit margin | |
| AKS | AK Steel Holding Corp. | $19.87 | +0.32 | 1.61% | -4.93 | 2.17B | 0.05 | 13.76 | 0.53 | 3.06 | 0.55 |
| NUE | Nucor Corporation | $42.30 | +0.49 | 1.17% | -0.79 | 13.31B | 0.35 | 24.39 | -0.17 | -1.62 | -0.17 |
| X | United States Steel Corp. | $44.48 | +1.43 | 3.32% | -6.31 | 6.38B | 0.05 | 21.24 | -7.80 | -25.26 | -10.90 |
- Login to post comments
Email this page
Thanks for visiting WallStNation.com, to assist your investing research try using our Search (click to access) or review the list of Tickers (click to access) that link directly to articles related to the given stock/security.
Daily Market Summary
Please Review the WallStNation.com Disclaimer and remember that information provided by our site is at the investor's sole financial risk. Please Review for more Details
Please download or enable Adobe Flash to see CitiFX Pro's currency rates widget.
Trade Forex with CitiFX Pro
