Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
ArcelorMittal (MT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
ArcelorMittal stock remains a 'buy' due to its attractive valuation and significant share buyback program, despite recent revenue and profit declines. The company is the largest steel producer in Europe and a major player in the Americas, with diverse operations and products. Management's strategic investments, including a new facility in Alabama and a stake in Vallourec, aim to boost profitability by $1.9 billion by 2027.
The new program by MT will involve share repurchases conducted in multiple tranches, with the first tranche allowing for the repurchase of up to 10 million shares.
Here is how ArcelorMittal (MT) and Salzgitter AG (SZGPY) have performed compared to their sector so far this year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, ArcelorMittal (MT) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
ArcelorMittal has been indicted for endangering the lives of others, forgery and environmental damages in connection to industrial pollution in the Fos-sur-Mer region, France, the Marseille public prosecutor's office told Reuters on Tuesday.
The 'Undercovered' Dozen series highlights 12 lesser-covered stocks, offering fresh investment ideas and fostering discussion among investors. iRobot Corporation is seen as facing severe challenges post-Amazon deal collapse, including cost-cutting measures and concerns over its viability, leading to a massive selloff. Hallador Energy Company is presented as a strong buy opportunity due to its imminent datacenter agreement and market inefficiency, making it an asymmetric long opportunity.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
ArcelorMittal (MT) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.