Subject: INO
Stock Review for Steel & Iron's Investors -- AK Steel, ArcelorMittal, Companhia Siderurgica Nacional, and Gerdau
NEW YORK, Feb. 09, 2018 /PRNewswire/ -- WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on AKS, MT, SID, and GGB which can be accessed for free by signing up to www.wallstequities.com/registration. WallStEquities.com shifts focus on the Steel and Iron space, which is a basis for the development of a number of industries in the global economy: Defense; Transportation and Heavy Engineering; and Energy and Construction (including Aeronautical and Shipping Construction). Stocks in this morning's lineup are: AK Steel Holding Corp. (NYSE: AKS), ArcelorMittal (NYSE: MT), Companhia Siderurgica Nacional (NYSE: SID), and Gerdau S.A. (NYSE: GGB). All you have to do is sign up today for this free limited time offer by clicking the link below.
www.wallstequities.com/registration
AK Steel Holding
On Thursday, shares in West Chester, Ohio headquartered AK Steel Holding Corp. recorded a trading volume of 21.23 million shares, which was higher than their three months average volume of 17.76 million shares. The stock ended the day at $4.56, declining slightly by 0.87% from the last trading session. The Company's shares have advanced 7.29% in the previous three months. The stock is trading below its 50-day moving average by 19.36%. Furthermore, shares of AK Steel, which through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless, and electrical steels and tubular products in the US and internationally, have a Relative Strength Index (RSI) of 27.77.
On January 19th, 2018, AK Steel said that its Board of Directors has approved the executive promotion of Christopher J. Ross, currently Treasurer, to Vice President and Treasurer, effective immediately. In his new role, Mr. Ross will oversee the Company's Treasury, Investor Relations, Credit, and Corporate Finance functions.
On January 31st, 2018, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Buy' to 'Underperform'. Get the full research report on AKS for free by clicking below at:
www.wallstequities.com/registration/?symbol=AKS
ArcelorMittal
Luxembourg headquartered ArcelorMittal's stock saw a drop of 4.35%, finishing yesterday's session at $32.10. A total volume of 3.98 million shares was traded, which was above their three months average volume of 3.52 million shares. The Company's shares have gained 9.63% over the previous three months and 35.96% over the past year. The stock is trading above its 200-day moving average by 17.02%. Additionally, shares of ArcelorMittal, which together with its subsidiaries, owns and operates steel manufacturing and mining facilities, have an RSI of 34.51.
On January 10th, 2018, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Underperform' to 'Neutral'.
On January 31st, 2018, ArcelorMittal announced its results for the three and twelve months ended December 31st, 2017. For Q4 2017, total steel shipments were 21.0Mt, sales were $17.7 billion, operating income was $1.2 billion, and net income was $1,039 million. For the full year 2017, total steel shipments were 85.2Mt, sales were $68.7 billion, operating income was $5.4 billion, and net income was $4.6 billion. Get access to our top-rated research, including the free report on MT at:
www.wallstequities.com/registration/?symbol=MT
Companhia Siderurgica Nacional
Shares in Sao Paulo, Brazil headquartered Companhia Siderurgica Nacional ended the session 4.21% lower at $2.96. The stock recorded a trading volume of 3.39 million shares, which was above its three months average volume of 3.19 million shares. The Company's shares have gained 21.31% over the previous three months. The stock is trading 7.18% above its 50-day moving average and 14.62% above its 200-day moving average. Moreover, shares of the Company, which operates as an integrated steel producer in Brazil, have an RSI of 45.68.
On January 17th, 2018, research firm JP Morgan upgraded the Company's stock rating from 'Underweight' to 'Neutral'.
On February 01st, 2018, Companhia Siderurgica Nacional announced that its subsidiary, CSN Resources S.A. ("CSN"), has commenced a cash tender offer for any and all of the outstanding 6.875% Senior Unsecured Guaranteed Notes due 2019 (144A CUSIP / ISIN Nos. 12642KAA2/US12642KAA25 and Reg S CUSIP / ISIN Nos. G2583XAA9/USG2583XAA93) of CSN Islands XI Corp., a finance subsidiary of CSN. The 2019 Notes Tender Offer will expire at 11:59 p.m. New York City time on March 01st, 2018, unless extended by CSN. Click here to subscribe for a free membership which welcomes you with our report on SID at:
www.wallstequities.com/registration/?symbol=SID
Gerdau
At the closing bell on Thursday, Porto Alegre, Brazil-based Gerdau S.A.'s stock dropped 3.50%, finishing at $4.13. A total volume of 9.24 million shares was traded. The Company's shares have gained 28.66% over the previous three months and 5.09% over the past year. The stock is trading 3.73% and 19.06% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Gerdau, which provides steel-related products and services worldwide, have an RSI of 45.10.
On February 02nd, 2018, research firm Credit Suisse upgraded the Company's stock rating from 'Neutral' to 'Outperform'. To get free access to your research report on GGB, sign up at:
www.wallstequities.com/registration/?symbol=GGB
--
Wall St. Equities:
Wall St. Equities (WSE) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. WSE has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
WSE has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by WSE. WSE is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
WSE, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. WSE, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, WSE, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither WSE nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
https://wallstequities.com/legal-disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly.If you're a company, we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: +21-32-044-483
Office Address: 1 Scotts Road #24-10, Shaw Center Singapore 228
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Wall St. Equities
These press releases may also interest you
|
News published on and distributed by:
