|Last Price$6.56||Day Change (%)0.92%|
|Open Price$6.48||Day Change ($)0.06|
|Day Range6.45–6.65||52-Week Range1.64–7.09|
As of Fri 7/29/2016 5:48:00 PM | USD
U.S. Steel Posts Narrower Loss
UPDATE: Buy stocks now, and leave 'totally lost' investors in the dust
Analyzing the Global Steel Industry 2016 - Research and Markets
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.
Despite decent demand from key sectors, steelmaker stocks look cheap as they confront imports, a strengthening dollar, and the specter of Chinese overcapacity.
Equities of producers offer the benefits of commodity investing while avoiding derivatives and futures curves.
Corporate credit spreads are fairly valued--albeit at the tight end of the range that we view as fairly valued.
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