A study of analyst recommendations at the major brokerages shows that Reliance Steel & Aluminum Co. is the #9 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel.
After President Trump proposes an extra $200 billion in tariffs on China, steel and aluminum stocks slide.
The U.S. government will charge tariffs on steel and aluminum imports from the European Union, Canada, and Mexico.
Somewhat surprisingly, 24 names made the cut this year, versus 20 last year.
A study of analyst recommendations at the major brokerages shows that Reliance Steel & Aluminum Co. is the #14 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel.
I've built a lot of tracking portfolios over the years, and this one had the lowest variability of returns.
Only one is in negative territory since I first looked at the group last May.
So far, so good, the portfolio is up about 14.5% versus 11% for the S&P Mid Cap 400 Index.
A study of analyst recommendations at the major brokerages shows that Reliance Steel & Aluminum Co. is the #8 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel.
The Nasdaq wasn't able to hold on to gains from earlier in the session.
The Commerce Department is reportedly pushing for a global tariff of 24% on steel imports.
A study of analyst recommendations at the major brokerages shows that Reliance Steel & Aluminum Co. is the #14 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel.
A study of analyst recommendations at the major brokerages shows that Reliance Steel & Aluminum Co. is the #15 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel.
The latest report may indicate that Tesla will begin its entrance into the commercial freight market by targeting regional hauls.
A study of analyst recommendations at the major brokerages shows that Reliance Steel & Aluminum Co. is the #13 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel.
Credit Suisse lifted the sector to overweight from underweight based on expectations that prices will bottom this summer and begin to rebound in the third quarter.
