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2021-05-12

Worth considering

Buy U.S. Steel Stock Because This Market Cycle Will Be ‘Stronger for Longer’

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In early afternoon trading on Tuesday, U.S. Steel stock was up 3.5% to $28.42.</p><p>Year to date, the shares have gained 69%, far better than comparable returns of theS&amp;P 500andDow Jones Industrial Average.</p><p>Higher steel prices are the biggest reason for the rally. Futures prices for hot-rolled coil—a key benchmark—have risen about 50% year to date to more than $1,500 a ton, the highest levels recorded in more than a decade.</p><p>De Alba&nbsp;believes steel fundamentals—the balance between supply and demand— will be “stronger-for-longer,” justifying the upgrade. He now projects prices for hot-rolled steel will average $1,273 a ton in 2021, up from $1,047.</p><p>His peers are also embracing the stronger-for-longer view. This past week, Credit Suisse analystCurt Woodworthupgraded U.S. Steel stock to Buy from Hold as well.</p><p>Shares of&nbsp;Steel Dynamics(STLD) and&nbsp;Nucor(NUE) are near record highs. Both companies make steel primarily by melting scrap inelectric furnaces, a lower-cost method, so their shares tend to move together.</p><p>U.S. Steel andCleveland-Cliffs(CLF), meanwhile, make steel mainly by converting iron ore to pig iron inhuge blast furnaces. They produce steel from the pig iron later in the process. Those two stocks tend to trade in similar patterns as well.</p><p>Cliffs stock was up about 2% in midday trading.Steel Dynamicsand Nucor shares were down, along with the overall market.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy U.S. Steel Stock Because This Market Cycle Will Be ‘Stronger for Longer’</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy U.S. Steel Stock Because This Market Cycle Will Be ‘Stronger for Longer’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-12 08:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/buy-u-s-steel-stock-because-this-market-cycle-will-be-stronger-for-longer-51620753982?siteid=yhoof2><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stock inUnited States Steelhas gotten a fresh lift afteranother Wall Street firmpredicted strength for the sector despite spectacular gains for steel prices.Morgan Stanley analystCarlos de Alba ...</p>\n\n<a href=\"https://www.barrons.com/articles/buy-u-s-steel-stock-because-this-market-cycle-will-be-stronger-for-longer-51620753982?siteid=yhoof2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"X":"美国钢铁","NUE":"纽柯钢铁","STLD":"Steel Dynamics","CLF":"克利夫兰克里夫"},"source_url":"https://www.barrons.com/articles/buy-u-s-steel-stock-because-this-market-cycle-will-be-stronger-for-longer-51620753982?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133689094","content_text":"Stock inUnited States Steelhas gotten a fresh lift afteranother Wall Street firmpredicted strength for the sector despite spectacular gains for steel prices.Morgan Stanley analystCarlos de Alba upgraded U.S. Steel (ticker: X) to Buy from Hold in a Monday report, raising his target for the stock price to $32 a share from $24. In early afternoon trading on Tuesday, U.S. Steel stock was up 3.5% to $28.42.Year to date, the shares have gained 69%, far better than comparable returns of theS&P 500andDow Jones Industrial Average.Higher steel prices are the biggest reason for the rally. Futures prices for hot-rolled coil—a key benchmark—have risen about 50% year to date to more than $1,500 a ton, the highest levels recorded in more than a decade.De Alba believes steel fundamentals—the balance between supply and demand— will be “stronger-for-longer,” justifying the upgrade. He now projects prices for hot-rolled steel will average $1,273 a ton in 2021, up from $1,047.His peers are also embracing the stronger-for-longer view. This past week, Credit Suisse analystCurt Woodworthupgraded U.S. Steel stock to Buy from Hold as well.Shares of Steel Dynamics(STLD) and Nucor(NUE) are near record highs. Both companies make steel primarily by melting scrap inelectric furnaces, a lower-cost method, so their shares tend to move together.U.S. Steel andCleveland-Cliffs(CLF), meanwhile, make steel mainly by converting iron ore to pig iron inhuge blast furnaces. They produce steel from the pig iron later in the process. Those two stocks tend to trade in similar patterns as well.Cliffs stock was up about 2% in midday trading.Steel Dynamicsand Nucor shares were down, along with the overall market.","news_type":1},"isVote":1,"tweetType":1,"viewCount":157,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":193201030,"gmtCreate":1620787931320,"gmtModify":1704348405370,"author":{"id":"3582627384342793","authorId":"3582627384342793","name":"Tradesage","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582627384342793","authorIdStr":"3582627384342793"},"themes":[],"htmlText":"Worth considering","listText":"Worth considering","text":"Worth considering","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193201030","repostId":"1133689094","repostType":4,"isVote":1,"tweetType":1,"viewCount":157,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}