Steel Stocks: 1 Steel Stock to Buy and 1 to Sell on Trump Tariffs
As the Trump administration takes over in 2025, his proposed import tariffs across the board have stoked inflation fears. Many stocks are feeling the impact of stockpiling ahead of the new tariffs, while other stocks are sinking on the prospects of rising costs, leading to softening demand and compressed margins.
Steel Dynamics (STLD) Ascends While Market Falls: Some Facts to Note
Steel Dynamics (STLD) concluded the recent trading session at $114.07, signifying a +0.24% move from its prior day's close.
Steel Dynamics Expects Lower Q4 Earnings Amid Pricing Pressures
Steel Dynamics, Inc. STLD expects earnings for the fourth quarter of 2024 to be $1.26 to $1.30 per share. It reported earnings $2.05 per share for the third quarter and $2.60 for fourth-quarter 2023.
Steel Dynamics Gives Weak Q4 Outlook, But Says Business Remains Solid
Steel Dynamics (STLD) provided lower-than-expected guidance for the current quarter, in part because of a problem with one of its plants. However, shares of the steelmaker recently edged higher as the company gave a positive outlook for the industry environment.
Steel Dynamics (STLD) Stock Declines While Market Improves: Some Information for Investors
In the closing of the recent trading day, Steel Dynamics (STLD) stood at $133.55, denoting a -1.29% change from the preceding trading day.
Steel Dynamics (STLD) Stock Falls Amid Market Uptick: What Investors Need to Know
In the most recent trading session, Steel Dynamics (STLD) closed at $141.38, indicating a -1.27% shift from the previous trading day.
Steel Dynamics initiated with a Neutral at Goldman Sachs
Goldman Sachs initiated coverage of Steel Dynamics with a Neutral rating and $155 price target. The prevailing sentiment towards the U.S. steel industry seems pessimistic given concerns on global over supply and weak but improving pricing, the analyst tells investors in a research note. The firm is more positive given its belief that both cyclical and structural factors could drive earnings growth for the domestic steel industry despite a weaker global backdrop. Goldman believes the U.S. steel industry and the stocks are near or at the trough of the current cycle.
Is the Options Market Predicting a Spike in Steel Dynamics (STLD) Stock?
Investors need to pay close attention to Steel Dynamics (STLD) stock based on the movements in the options market lately.
Steel Dynamics (STLD) Up 2% Since Last Earnings Report: Can It Continue?
Steel Dynamics (STLD) reported earnings 30 days ago. What's next for the stock?
Steel Dynamics Analysts Increase Their Forecasts After Better-Than-Expected Earnings
Steel Dynamics Inc STLD posted better-than-expected third-quarter earnings, after the closing bell on Wednesday.
Steel Dynamics' Q3 Earnings and Revenues Beat Expectations
Lower average realized steel prices weigh on STLD's Q3 results amid steady underlying steel demand.
Steel Dynamics, Inc. (STLD) Q3 2024 Earnings Call Transcript
Steel Dynamics, Inc. (NASDAQ:STLD ) Q3 2024 Earnings Conference Call October 17, 2024 11:00 AM ET Company Participants David Lipschitz - Director, IR Mark Millett - Chairman & CEO Theresa Wagler - EVP & CFO Barry Schneider - President & COO Conference Call Participants Martin Englert - Seaport Research Partners Katja Jancic - BMO Capital Markets Tristan Gresser - BNP Paribas Exane Carlos Diaba - Morgan Stanley Lawson Winder - Bank of America Merrill Lynch Timna Tanners - Wolfe Research Bill Peterson - JPMorgan Andrew Jones - UBS John Tumazos - John Tumazos Independent Research Operator Good day, and welcome to the Steel Dynamics Third Quarter 2024 Earnings Conference Call. [Operator Instructions].
