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3 Steel Stocks To Watch Right Now

Are these trending stocks a steal at their current price points?
The post 3 Steel Stocks To Watch Right Now appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Are These The Best Steel Stocks To Invest In This Week?

As the economy roars back to life, demand for construction metals and materials would follow suit. Because of that, steel stocks are now making headlines in the stock market today. Indeed, this would be the case as countries that are handling the pandemic well are planning for the return to normalcy. Back in April, President Joe Biden proposed a massive $2.3 trillion plan to bolster infrastructure and economic recovery efforts. While many industries would stand to benefit from this, steel would be a common factor across the board. Given the importance of steel in countless industries, investors could be looking for the best steel stocks to buy now.

To better understand this, we could take a closer look at what exactly President Biden’s proposed plan covers. Among the key sectors highlighted would be transportation infrastructure which, by extension, includes electric vehicle (EV) development. Should the bill pass, a whopping $621 billion would be invested in this sector. Subsequently, with steel being a core component of many manufacturing processes here, steel prices would have more room to grow. In fact, steel prices have already risen by 60% year-to-date, according to the S&P Global Platts readings. Because of all this, steel stocks could be a viable play for investors now.

Evidently, we can see steel companies continue to flourish as demand drives the price of the commodity higher. Steel manufacturers like ArcelorMittal (NYSE: MT) and Schnitzer Steel (NASDAQ: SCHN) would be notable examples now. Both companies are responsible for processing raw materials to eventually produce steel, enabling numerous industries in our world today. Now, both MT stock and SCHN stock are up by over 165% in the past year. On that note, here are three top steel stocks to know in the stock market now.

Top Steel Stocks To Buy [Or Sell] In June

Cleveland-Cliffs Inc.

Cleveland-Cliff is an Ohio-based company that specializes in the mining, beneficiation, pelletizing of iron ore as well as steelmaking. In fact, it is one of the largest flat-rolled steel producers in North America. The company is vertically integrated into steelmaking, mining the raw materials to primary steelmaking and downstream finishing, stamping, and tooling. Cleveland-Cliff is also one of the largest suppliers of steel to the automotive industry in the U.S. CLF stock currently trades at $22.88 as of 10:40 a.m. ET and has been up by over 200% in the last year.

On Tuesday, the company announced that it has increased its second-quarter and full-year 2021 financial guidance. In detail, its forecast includes a second-quarter 2021 EBITDA of $1.3 billion and full-year 2021 adjusted EBITDA is $5 billion. Last week, the company also celebrated its initial six months of continued operation and production of hot-briquetted iron (HBI) at the company’s state-of-the-art Direct Reduction plant in Toledo, Ohio.

In April, Cleveland-Cliff also reported its first-quarter 2021 financials. In it, the company posted a net income of $41 million or $0.07 per diluted share. Mr. Goncalves added, “As the year progresses, it will become abundantly clear that the pricing environment we are in – and will continue to benefit from going forward – is not a consequence of luck. Our expectation of $4 billion in adjusted EBITDA for the full year is predicated on conservative pricing expectations relative to today’s pricing and the current forward curve. This will allow us to generate record levels of free cash flow and pay down a substantial amount of debt, allowing us to reach leverage of less than 1x by the end of the year.” For these reasons, will you consider buying CLF stock?

Source: TD Ameritrade TOS

[Read More] 4 Semiconductor Stocks To Watch Right Now

United States Steel Corporation

United States Steel Corporation (U.S. Steel) is an integrated steel producer. Specifically, the company is invested in building its capabilities in both integrated and mini-mill steelmaking technologies. The company is a Fortune 250 company and prides itself on innovation. Its high-value steel products are used in the automotive, construction, energy, and packaging industries. X stock currently trades at $26.26 as of 10:42 a.m. ET and has been up by over 150% in the last year.

The company announced last week that it has agreed to sell Transtar to Fortress Transportation and Infrastructure Investors for $640 million. Upon completion of the sale in the third quarter of 2021, U.S. Steel will recognize key strategic benefits from the transaction. This would include further aligning the company’s operating focus on its core mining and steelmaking business under its Best for All strategy. It will also strengthen its balance sheet which includes deleveraging.

In April, the company also announced its first-quarter financials. U.S. Steel posted net earnings of $91 million for the quarter or $0.35 per diluted share. It also ended the quarter with $753 million in cash. The company believes that there is optimism in the strength of its business as it reported strong first-quarter financials. Given this piece of news, will you consider adding X stock to your portfolio?

best steel stocks (X stock)
Source: TD Ameritrade TOS

[Read More] 4 Artificial Intelligence Stocks To Watch Right Now

Timkensteel Corporation

Next, we will be looking at the TimkenSteel Corporation. In brief, the Ohio-based company manufactures high-performance carbon and alloy steel products. The likes of which it mainly provides to the automotive and energy industries, among other industrial end markets. In particular, TimkenSteel is a leading producer of alloy steel bars, seamless mechanical tubing, and precision steel components. 

With over a century of experience, the company is no newcomer to the industry. For a sense of scale, it posted sales of $831 million in 2020. Now, TMST stock currently trades at $14.25 as of 10:42 a.m. ET. With the current focus on steel, could the company’s shares be worth watching?

Well, for one thing, the company appears to be kicking into high gear on the operational front. We can see this from its stellar first-quarter earnings report posted last month. In it, TimkenSteel saw its net income surge by 149% year-over-year. This was followed by a 145% jump in earnings per share over the same time as well. CEO Mike Williams cites well-coordinated efforts by the TimkenSteel team to improve manufacturing efficiency and utilization throughout the quarter as key growth drivers. Overall, with the automotive and industrial sectors kicking into high gear, would TMST stock be a top buy for you now?

top steel stocks (TMST stock)
Source: TD Ameritrade TOS

The post 3 Steel Stocks To Watch Right Now appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Mike Pompeo Doesn’t Rule Out Serving In 2nd Trump Administration

Mike Pompeo Doesn’t Rule Out Serving In 2nd Trump Administration

Authored by Jack Phillips via The Epoch Times (emphasis ours),

Former Secretary…

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Mike Pompeo Doesn't Rule Out Serving In 2nd Trump Administration

Authored by Jack Phillips via The Epoch Times (emphasis ours),

Former Secretary of State Mike Pompeo said in a new interview that he’s not ruling out accepting a White House position if former President Donald Trump is reelected in November.

“If I get a chance to serve and think that I can make a difference ... I’m almost certainly going to say yes to that opportunity to try and deliver on behalf of the American people,” he told Fox News, when asked during a interview if he would work for President Trump again.

I’m confident President Trump will be looking for people who will faithfully execute what it is he asked them to do,” Mr. Pompeo said during the interview, which aired on March 8. “I think as a president, you should always want that from everyone.”

Then-President Donald Trump (C), then- Secretary of State Mike Pompeo (L), and then-Vice President Mike Pence, take a question during the daily briefing on the novel coronavirus at the White House in Washington on April 8, 2020. (Mandel Ngan/AFP via Getty Images)

He said that as a former secretary of state, “I certainly wanted my team to do what I was asking them to do and was enormously frustrated when I found that I couldn’t get them to do that.”

Mr. Pompeo, a former U.S. representative from Kansas, served as Central Intelligence Agency (CIA) director in the Trump administration from 2017 to 2018 before he was secretary of state from 2018 to 2021. After he left office, there was speculation that he could mount a Republican presidential bid in 2024, but announced that he wouldn’t be running.

President Trump hasn’t publicly commented about Mr. Pompeo’s remarks.

In 2023, amid speculation that he would make a run for the White House, Mr. Pompeo took a swipe at his former boss, telling Fox News at the time that “the Trump administration spent $6 trillion more than it took in, adding to the deficit.”

“That’s never the right direction for the country,” he said.

In a public appearance last year, Mr. Pompeo also appeared to take a shot at the 45th president by criticizing “celebrity leaders” when urging GOP voters to choose ahead of the 2024 election.

2024 Race

Mr. Pompeo’s interview comes as the former president was named the “presumptive nominee” by the Republican National Committee (RNC) last week after his last major Republican challenger, former South Carolina Gov. Nikki Haley, dropped out of the 2024 race after failing to secure enough delegates. President Trump won 14 out of 15 states on Super Tuesday, with only Vermont—which notably has an open primary—going for Ms. Haley, who served as President Trump’s U.S. ambassador to the United Nations.

On March 8, the RNC held a meeting in Houston during which committee members voted in favor of President Trump’s nomination.

“Congratulations to President Donald J. Trump on his huge primary victory!” the organization said in a statement last week. “I’d also like to congratulate Nikki Haley for running a hard-fought campaign and becoming the first woman to win a Republican presidential contest.”

Earlier this year, the former president criticized the idea of being named the presumptive nominee after reports suggested that the RNC would do so before the Super Tuesday contests and while Ms. Haley was still in the race.

Also on March 8, the RNC voted to name Trump-endorsed officials to head the organization. Michael Whatley, a North Carolina Republican, was elected the party’s new national chairman in a vote in Houston, and Lara Trump, the former president’s daughter-in-law, was voted in as co-chair.

“The RNC is going to be the vanguard of a movement that will work tirelessly every single day to elect our nominee, Donald J. Trump, as the 47th President of the United States,” Mr. Whatley told RNC members in a speech after being elected, replacing former chair Ronna McDaniel. Ms. Trump is expected to focus largely on fundraising and media appearances.

President Trump hasn’t signaled whom he would appoint to various federal agencies if he’s reelected in November. He also hasn’t said who his pick for a running mate would be, but has offered several suggestions in recent interviews.

In various interviews, the former president has mentioned Sen. Tim Scott (R-S.C.), Texas Gov. Greg Abbott, Rep. Elise Stefanik (R-N.Y.), Vivek Ramaswamy, Florida Gov. Ron DeSantis, and South Dakota Gov. Kristi Noem, among others.

Tyler Durden Wed, 03/13/2024 - 17:00

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International

Riley Gaines Explains How Women’s Sports Are Rigged To Promote The Trans Agenda

Riley Gaines Explains How Women’s Sports Are Rigged To Promote The Trans Agenda

Is there a light forming when it comes to the long, dark and…

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Riley Gaines Explains How Women's Sports Are Rigged To Promote The Trans Agenda

Is there a light forming when it comes to the long, dark and bewildering tunnel of social justice cultism?  Global events have been so frenetic that many people might not remember, but only a couple years ago Big Tech companies and numerous governments were openly aligned in favor of mass censorship.  Not just to prevent the public from investigating the facts surrounding the pandemic farce, but to silence anyone questioning the validity of woke concepts like trans ideology. 

From 2020-2022 was the closest the west has come in a long time to a complete erasure of freedom of speech.  Even today there are still countries and Europe and places like Canada or Australia that are charging forward with draconian speech laws.  The phrase "radical speech" is starting to circulate within pro-censorship circles in reference to any platform where people are allowed to talk critically.  What is radical speech?  Basically, it's any discussion that runs contrary to the beliefs of the political left.

Open hatred of moderate or conservative ideals is perfectly acceptable, but don't ever shine a negative light on woke activism, or you might be a terrorist.

Riley Gaines has experienced this double standard first hand.  She was even assaulted and taken hostage at an event in 2023 at San Francisco State University when leftists protester tried to trap her in a room and demanded she "pay them to let her go."  Campus police allegedly witnessed the incident but charges were never filed and surveillance footage from the college was never released.  

It's probably the last thing a champion female swimmer ever expects, but her head-on collision with the trans movement and the institutional conspiracy to push it on the public forced her to become a counter-culture voice of reason rather than just an athlete.

For years the independent media argued that no matter how much we expose the insanity of men posing as women to compete and dominate women's sports, nothing will really change until the real female athletes speak up and fight back.  Riley Gaines and those like her represent that necessary rebellion and a desperately needed return to common sense and reason.

In a recent interview on the Joe Rogan Podcast, Gaines related some interesting information on the inner workings of the NCAA and the subversive schemes surrounding trans athletes.  Not only were women participants essentially strong-armed by colleges and officials into quietly going along with the program, there was also a concerted propaganda effort.  Competition ceremonies were rigged as vehicles for promoting trans athletes over everyone else. 

The bottom line?  The competitions didn't matter.  The real women and their achievements didn't matter.  The only thing that mattered to officials were the photo ops; dudes pretending to be chicks posing with awards for the gushing corporate media.  The agenda took precedence.

Lia Thomas, formerly known as William Thomas, was more than an activist invading female sports, he was also apparently a science project fostered and protected by the athletic establishment.  It's important to understand that the political left does not care about female athletes.  They do not care about women's sports.  They don't care about the integrity of the environments they co-opt.  Their only goal is to identify viable platforms with social impact and take control of them.  Women's sports are seen as a vehicle for public indoctrination, nothing more.

The reasons why they covet women's sports are varied, but a primary motive is the desire to assert the fallacy that men and women are "the same" psychologically as well as physically.  They want the deconstruction of biological sex and identity as nothing more than "social constructs" subject to personal preference.  If they can destroy what it means to be a man or a woman, they can destroy the very foundations of relationships, families and even procreation.  

For now it seems as though the trans agenda is hitting a wall with much of the public aware of it and less afraid to criticize it.  Social media companies might be able to silence some people, but they can't silence everyone.  However, there is still a significant threat as the movement continues to target children through the public education system and women's sports are not out of the woods yet.   

The ultimate solution is for women athletes around the world to organize and widely refuse to participate in any competitions in which biological men are allowed.  The only way to save women's sports is for women to be willing to end them, at least until institutions that put doctrine ahead of logic are made irrelevant.          

Tyler Durden Wed, 03/13/2024 - 17:20

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Part 1: Current State of the Housing Market; Overview for mid-March 2024

Today, in the Calculated Risk Real Estate Newsletter: Part 1: Current State of the Housing Market; Overview for mid-March 2024
A brief excerpt: This 2-part overview for mid-March provides a snapshot of the current housing market.

I always like to star…

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Today, in the Calculated Risk Real Estate Newsletter: Part 1: Current State of the Housing Market; Overview for mid-March 2024

A brief excerpt:
This 2-part overview for mid-March provides a snapshot of the current housing market.

I always like to start with inventory, since inventory usually tells the tale!
...
Here is a graph of new listing from Realtor.com’s February 2024 Monthly Housing Market Trends Report showing new listings were up 11.3% year-over-year in February. This is still well below pre-pandemic levels. From Realtor.com:

However, providing a boost to overall inventory, sellers turned out in higher numbers this February as newly listed homes were 11.3% above last year’s levels. This marked the fourth month of increasing listing activity after a 17-month streak of decline.
Note the seasonality for new listings. December and January are seasonally the weakest months of the year for new listings, followed by February and November. New listings will be up year-over-year in 2024, but we will have to wait for the March and April data to see how close new listings are to normal levels.

There are always people that need to sell due to the so-called 3 D’s: Death, Divorce, and Disease. Also, in certain times, some homeowners will need to sell due to unemployment or excessive debt (neither is much of an issue right now).

And there are homeowners who want to sell for a number of reasons: upsizing (more babies), downsizing, moving for a new job, or moving to a nicer home or location (move-up buyers). It is some of the “want to sell” group that has been locked in with the golden handcuffs over the last couple of years, since it is financially difficult to move when your current mortgage rate is around 3%, and your new mortgage rate will be in the 6 1/2% to 7% range.

But time is a factor for this “want to sell” group, and eventually some of them will take the plunge. That is probably why we are seeing more new listings now.
There is much more in the article.

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