|Last Price$20.86||Day Change (%)1.96%|
|Open Price$20.56||Day Change ($)0.40|
|Day Range20.14–20.87||52-Week Range16.51–25.51|
As of Tue 8/4/2015 5:00:00 PM | USD
Steel Dynamics Profit Narrows Sharply
Steel Dynamics Reports Second Quarter 2015 Results
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.
DRI production is changing the game for undervalued Nucor.
Acquisitions help Steel Dynamics continue its record of strong performance.
Basic materials companies are in a period of very mixed near-term outlook in terms of end-market demand.
Basic materials companies are among the cheapest stocks in our coverage universe.
In an overall fairly valued market, it's time to be selective.
Investment-grade bond spreads compress, but rising interest rates lead to a quarterly loss.