Latest news with #STLD
Yahoo
5 days ago
- Business
- Yahoo
Commodities watch: Steel stocks & oil prices jump
Steel stocks, including Steel Dynamics (STLD), Cleveland Cliffs (CLF), and Nucor Corp (NUE), are surging after President Trump moved to double tariffs on imported steel and aluminum starting June 4. Oil (CL=F, BZ=F) prices are also jumping as OPEC+ increases supply in July, adding 411,000 barrels per day. Morning Brief hosts Brad Smith and Madison Mills break down what the hike means for steel producers. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Steel stocks are rallying after President Trump said tariffs on imported steel and aluminum would double from 25% to 50%. The president saying the hike will quote, further secure the steel industry in the US. Those changes are expected to begin on June 4th. The move escalating tensions the US's top steel trading partners including Canada and Mexico. Analysts making some calls in light of the news. We got BMO capital markets upgrading North Carolina based steel producer Nucor to outperform from market perform, but Canada's Algoma steel is getting cut to market perform from outperform due to its exposure to the US and of course due to these higher import tariffs. Also in commodities activity, oil prices jumping as OPEC plus increases supply amid geopolitical concerns. The organization raising its output for July by 411,000 barrels per day for the third consecutive month. There was some disagreement over the latest hike with few countries lobbying for a pause in July. In part, the rise in oil prices is also attributable to an unwinding of bearish bets ahead of the decision following reports that the group was considering an even bigger supply hike.
Yahoo
21-04-2025
- Business
- Yahoo
Jim Cramer Says Steel Dynamics (STLD) a ‘Winner' of Trump Tariffs Against China
We recently published a list of . In this article, we are going to take a look at where Steel Dynamics, Inc. (NASDAQ:STLD) stands against other stocks that Jim Cramer discussed. Jim Cramer in a latest program on CNBC talked about President Donald Trump's attack on Federal Reserve Chair Jerome Powell and said he was expecting this to happen 'weeks ago.' Cramer said that he 'likes' Powell and thinks the central bank chief is now in a difficult situation. Cramer thinks it'd be 'illegal' for Trump to fire Powell. 'The Federal Reserve never cuts rates when inflation's out of control, which it very well could be once the tariffs are all in. I think the Fed chief wants to find out if that's going to happen. I like Powell, you know that. I think he's generally done a good job, a good public servant. Unfortunately, right now, he's stuck between a rock and a hard place. Now, history says he should be doing exactly what he's doing, but history is now in the eye of the beholder, and there's only one beholder in this whole country, and it ain't J. Powell.' Cramer said that tariffs will result in higher prices, and that will in turn make the central bank's job difficult because it cannot cut rates when prices are going up. READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In. For this article, we picked 10 stocks Cramer was talking about in his recent programs. With each stock, we have mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Number of Hedge Fund Investors: 38 Jim Cramer in a latest program on CNBC said that Steel Dynamics, Inc. (NASDAQ:STLD) will be helped by President Trump's tariffs and recommended investors to buy the stock. 'I think Steel Dynamics is going to be a winner under President Trump's tariffs against the companies that are subsidized by the Japanese and the Chinese, and I totally support them on this. And I think you should buy, buy, buy Steel Dynamics.' Overall, STLD ranks 7th on our list of stocks that Jim Cramer discussed. While we acknowledge the potential of STLD as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than STLD but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
05-04-2025
- Business
- Yahoo
Steel Dynamics (NasdaqGS:STLD) Sees 3% Dip Over Quarter On Earnings Forecast
Steel Dynamics experienced a 3% decline in its stock price over the last quarter, attributed in part to a challenging earnings forecast and increased debt levels, which could weigh on investor sentiment. The company's earnings guidance for Q1 2025 indicates a slight improvement from Q4 but remains significantly below the previous year's first quarter. These financial developments occurred amid broader market turmoil, as key indices like the Dow and S&P 500 faced steep declines due to escalating global trade tensions and tariffs, adding pressure to stocks like STLD throughout the period. Every company has risks, and we've spotted 3 possible red flags for Steel Dynamics you should know about. Trump has pledged to "unleash" American oil and gas and these 20 US stocks have developments that are poised to benefit. Steel Dynamics has achieved a very large total shareholder return of 400.93% over the past five years. This substantial growth in shareholder value can be attributed to several factors. Key among them is the company's expansion in product offerings, such as the ramp-up of high-margin flat-rolled steel coating lines and the launch of Aluminum Dynamics, expected to enhance profitability. Additionally, the company has benefited from strategic agreements with significant customers like Mercedes-Benz and Wabash, aimed at supplying sustainable steel solutions. Moreover, Steel Dynamics has taken measures to strengthen shareholder returns, evidenced by announcing a US$1.5 billion share repurchase program and increasing dividends by 9% in early 2025. However, these achievements contrast with the past year's underperformance compared to the US Metals and Mining industry average. Despite increased debt, signified by selling US$1 billion in notes, the company's valuation remains appealing, with its price-to-earnings ratio lower than industry norms. Unlock comprehensive insights into our analysis of Steel Dynamics stock in this financial health report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:STLD. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
