This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Metal Stocks for 2011

8. South Korea's Posco (PKX) is the world's third-largest steel company generating around 70% sales in South Korea, home for Hyundai Motors and Kia Motors.

Posco's stock underperformed peers, declining around 19% during 2010. The hike in iron ore and coking coal prices has impacted the company's earnings as Posco could not pass on increased raw material costs to customers, despite higher steel prices during the year. Consequently, third-quarter earnings were lower than expected, requiring a 7% downward revision in full-year profit.

During 2011, rebound in China's steel demand will benefit Posco, compared to other international steel producers. Analysts expect the stock to gain 37% with a consensus 12-month target price of $146.

In comparison, steel majors, U.S. Steel (X), A.K. Steel (AKS), Nucor (NUE), Steel Dynamics (STLD), Schnitzer Steel (SCHN), and ArcelorMittal (MT) have an upside potential of around 6%, 19%, 8%, 16%, -8%, and 30%, respectively.

4 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
BTU $4.49 0.00%
GG $19.01 0.00%
KGC $2.30 0.00%
RIO $45.72 0.00%
XME $27.72 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs