|Last Price$4.76||Day Change (%)-3.45%|
|Open Price$4.89||Day Change ($)-0.17|
|Day Range4.70–4.89||52-Week Range3.62–11.37|
As of Fri 4/17/2015 7:56:00 PM | USD
S&P 500's slow-motion breakout attempt remains -2-
UPDATE: S&P 500's slow-motion breakout attempt -2-
Despite decent demand from key sectors, steelmaker stocks look cheap as they confront imports, a strengthening dollar, and the specter of Chinese overcapacity.
AK Steel shares fall on forecast first-quarter loss
AK Steel to Report First-Quarter Loss as Steel Imports Rise
AK Steel Provides First Quarter 2015 Earnings Guidance
We'd prefer a pack of gum to these businesses.
Short-term headwinds portend an ugly 2015 for U.S. steelmakers, but stock prices imply overly bearish long-term expectations.
This snowplow manufacturer shows pricing power indicative of a narrow moat, and a warmer winter might melt investors' high expectations and create an entry point into this stock.