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#1171 |
Indian Twitter
Join Date: Nov 2000
Location: Free Agency
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Posts: 15,267
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#1172 |
Fish are scared of me
Join Date: Nov 2001
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(BZ Newswire) -- United States Steel Corporation (NYSE: X) has "brighter days ahead," including a nearly doubling of its stock price, according to analysts at JPMorgan. The firm's Michael Gambardella maintains an Overweight rating on U.S. Steel's stock with a price target boosted from $46 to $51 after the company reported its second-quarter results. As part of U.S. Steel's earnings report, management maintained its 2017 EBITDA guidance of $1.1 billion even though it is now assuming a lower HRC (hot rolled coil) price of $612/t versus $644/t when the guidance was first given in April, Gambardella continued. This is due to the improved operational performance of the company's assets and expectations for flat rolled costs prices to remain under control. U.S. Steel also remains optimistic it will see a positive outcome from Section 232, which will have a "sufficient duration" and reduce imports of steels. In the meantime, the entire domestic steel industry has the support of President Donald Trump's administration. Finally, the company reassured investors when it confirmed that building an EAF at Fairfield is a question of when, not if and that it could restart the Granite City blast furnace in a 10-week span, the analyst also noted. Bottom line, the analyst's bullish stance is based on his confidence of ongoing support from the White house and U.S. Steel's current investments will "lead to stronger earnings power ahead.
Currently at $25 |
Posts: 40,692
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#1173 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 57,475
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#1174 |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
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It's not anything new if you already have read up on index fund investing, but here's an interesting podcast about it.
Freakonomics - The Stupidest Thing You Can Do With Your Money The main points:
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Posts: 52,181
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#1175 | |
In BB I trust
Join Date: May 2003
Location: Boston, Mass.
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Quote:
Not to be a total dick, but if you know that little about the industry, why in the world would you invest in it? I dont' know any more than you do, which tells me I shouldn't go there unless I was investing in a PERSON(S) that I totally trusted and thought was very smart, so we could BOTH make money. |
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Posts: 43,125
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#1176 | |
Veteran
Join Date: Oct 2013
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Quote:
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Posts: 1,225
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#1177 | |
Fish are scared of me
Join Date: Nov 2001
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Quote:
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Posts: 40,692
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#1178 |
MVP
Join Date: Aug 2000
Location: Lee's Summit
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I got in on this when you mentioned it at $22. Had a limit order to sell at $20. It went to $19.... I've been keeping an eye on it. Do you think it could still be a good long termer?
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Posts: 8,287
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#1179 | |
Fish are scared of me
Join Date: Nov 2001
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Quote:
Doesn't mean I'm right. |
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Posts: 40,692
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#1180 |
MVP
Join Date: Aug 2000
Location: Lee's Summit
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When these analysts come out with their target prices, what's the timetable usually for that price to strike?
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Posts: 8,287
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#1181 | |
Indian Twitter
Join Date: Nov 2000
Location: Free Agency
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Quote:
It's not like I'd bet the farm on it. It would also be easy for me to just park all my money in the market but I thought I'd think outside the box for different investments. I'm thinking about buying some rental properties too but I don't know everything about that either so maybe I should just go ahead and punt. Last edited by philfree; 07-27-2017 at 02:14 PM.. |
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Posts: 15,267
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#1182 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
I got in at $21 and have no plans to sell anytime soon. It seemed like a great buy knowing the president and the US steel industry continues to ramp up production to keep pace with China. I don't see this as a strict long term stock in my definition, but "long term" is different for many investors. It's a very cyclical/volatile industry and I would have no problems selling ALL stock of it near $50 and not buying again until it went lower. |
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Posts: 45,998
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Hog's Gone Fishin |
This message has been deleted by Hog's Gone Fishin.
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#1183 |
Fish are scared of me
Join Date: Nov 2001
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Posts: 40,692
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#1184 | |
Veteran
Join Date: Oct 2008
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Quote:
Be patient and watch it slowly grow. It's not about timing the market, its about time IN the market. You're in it for the long haul. |
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Posts: 1,606
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#1185 | |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
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Quote:
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Posts: 54,409
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