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Steel

Taking a close look at US STEEL XI really like US STEEL down here. I've had my eye on this one for some time but the trend is still technically pointing down. Following the price direction and watching strength/momentum is key. I can speculate and say this is an excellent buy (I think it's fantastic).. However, the trend is still pointing down even though I see value here. Notice the hidden bearish divergence it's been forming for months..Be smart and stick to price direction. It could flush 50-60% lower before finding a final bottom..In my opinion it might be best to wait for confirmation of trend change and strength.
NYSE:X
by gghsusa
12
TX: Ternium is a huge buy here...I think $TX shares are likely to benefit from increasing inflation and higher interest rates in their target markets, caused by the huge money printing and govt spending needed to survive the Coronavirus induced recession. As activity picks up, construction in these markets will be a very profitable endeavor, specially as real estate prices tend to go mostly higher due to the terrible combination of high interest rates and high inflation in these EM nations. Additionally, steel itself is likely to go up due to the infinite QE effect over time as well. Valuation for $TX was very attractive recently, and I've been buying it for some time. Currently one of my favorite stock ideas. To get more ideas like this one, contact me for details on joining my signals service trial for one month, free of charge. Cheers, Ivan Labrie.
NYSE:TXLong
by IvanLabrie
2
#szg - Nerve of steel .. #Salzgitter-- is what an investor in Salzgitter shares needed. Since the all-time high EUR 158.70 in July 2007 before the last financial crisis, the share price has only known one direction. DOWN Now the all-time low EUR 5.85 from November 2002 is not far away and is within reach. By the way, this was the second last financial crisis. So if Germany does not sink and slide into the next Middle Ages, there is still hope for the Salzgitter share that the Corona Depression could become the turning point for Salzgitter AG and the associated share. Actually, steel is always needed, be it for the construction of cars, building construction/civil engineering, sheet metal, ... and Salzgitter's real estate and machinery are worth more than the stock market currently recognizes for the company. But I wouldn't buy the shares at the moment, because a 40% price loss can be quickly realized here as well. With 1/3 equity and 2/3 Debt, there is at least a good chance of survival, even if the company is about to firemany employees in order to ensure its survival. Alarm clock lies at the all-time low. Greeting Stefan Bode P.S. Please comment, then I can give you reputation points by clicking on the green pyramid in front of your comment. Still not everyone knows that this works. Gladly also among the other commentators. Greeting + 🍻 + nice WE.
XETR:SZG
by StefanBode
Cleveland Cliffs is an inexpensive trade deal recovery playCleveland Cliffs is a mining company with a lot of exposure to China tariffs. The company's earnings took a huge hit this year due to the downturn in steel as a result of the trade war, and the price plummeted. The company should get a nice surge on any positive trade talk news. It briefly made a bullish trend line break Friday when the market thought a deal had been made to repeal tariffs, but it's back down today after Trump said he loves the tariffs and he hasn't agreed to repeal them. (Sometimes I think he's jerking us around on purpose.) Even without a trade deal, this stock is a good bargain at the current price. It's got a sustainable 3% dividend and is financially healthy enough to weather the downturn. It did well on its last earnings report and has unusually bullish options activity. Backward P/E is now about 2.6, whereas before the trade war this traded at more like 10-15. Forward P/E is higher at 6.5, but still well below the 5-year average. Buy this for the dividend and hold it for the recovery whenever our political leaders get their act together on trade.
NYSE:CLFLong
by ChristopherCarrollSmith
3
MT Buy Opportunity LoadingCommodities have remained very cheap against the recent rise in Major World Indexes. This includes iron ore. And this cheapness can create opportunities in the iron and steel industry. The price can get even cheaper. The analysis does not contain a very high quality risk / reward ratio, but I think it is possible to make very profitable trades based on this idea in lower time frames. Parameters Risk/Reward Ratio : 1 / 1.68 Stop-Loss : 13.632 Goal : 20.43
EURONEXT:MTLong
by Noldo