This Day On The Street
Continue to site right-arrow
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

10 Steel Stocks With Upside

6. AK Steel Holding (AKS - Get Report) through its wholly owned subsidiary produces flat-rolled carbon, stainless and electrical steels and tubular products from its seven steelmaking and finishing plants located in Indiana, Kentucky, Ohio and Pennsylvania. Besides, the company also has a wholly owned subsidiary AK Tube.

The company recently upgraded its specialty steel businesses through the addition of a new ladle metallurgy furnace and an electric arc furnace to its Butler Works plant in Pennsylvania. The company's chairman believes that this new furnace can process 1.4 million tons of steel annually, which will not only help improve product quality but also boost steelmaking capacity and reduce production costs. AK Steel is scheduled to release its first-quarter earnings on April 26, 2011.

For first quarter of 2011, the company estimates a 5% to 7% sequential increase in shipments to 1,450,000 tons with an approximate 8% increase in average selling price per ton, led by an expected higher contract and spot market prices and better product mix. The company foresees significant improvement in operating levels in the first half of 2011 from the fourth quarter of 2010.

Of the 12 analysts covering the stock, 33% recommend a buy and 50% rate a hold. Analysts polled by Bloomberg expect an average 12-month price target of $18.7, which is 21% higher than the stock's current price.

6 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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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
AKS $4.42 0.00%
CHOP $0.83 0.00%
GSI $0.88 0.00%
MUSA $70.99 0.00%
SUTR $0.86 0.00%

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs