The brokerage cited weak third quarter earnings, and softer-than-expected guidance across U.S. steel stocks for the downgrade.
Analysts at Goldman Sachs are betting on a potential turnaround in steel stocks driven by growth in steel production and infrastructure spending. Here are their bets.
The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.24%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.29%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.12%. Stocks on Monday...
The S&P 500 Index ($SPX ) (SPY ) today is up +0.14%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.27%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.81%. Stocks today are mostly higher,...
The S&P 500 Index ($SPX ) (SPY ) today is up +0.11%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.79%. Stocks today are mostly higher,...
Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Bruker Corporation BRKR is a scientific instruments company. The Zacks Consensus Estimate for its current year earnings has been...
Commercial Metals Company CMC reported adjusted earnings per share (EPS) of 90 cents for fourth-quarter fiscal 2024 (ended Aug. 31, 2024), missing the Zacks Consensus Estimate of 91 cents. The bottom line...
CMC earnings call for the period ending September 30, 2024.
Commercial Metals: Fiscal Q4 Earnings Snapshot
With the U.S. steel sector poised for a rebound, here’s a dividend-paying steel stock that investors can bet on.