A study of analyst recommendations at the major brokerages shows that AK Steel Holding Corp. (AKS) is the #29 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mining Titans Index is comprised of the top fifty global leaders from the metals and mining sector. The companies listed in the Metals Channel Global Mining Titans Index are not fixed, but instead variable — updating on a continuous basis to reflect the changing market environment with respect to commodity prices, government policy and market volatility.In forming this rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the underlying components of the Metals Channel Global Mining Titans Index were ranked according to those averages. Investors often interpret analyst opinions from different angles — when companies have a low rank among analysts, it isn't necessarily the case that investors should conclude that the stock will perform poorly. It can, of course, but a bullish investor could also take the contrarian angle and read into the data that there is lots of room for upside because the stock is so out of favor. From the other direction, a popular analyst pick could mean that many sharp minds individually came to the same bullish conclusion, and therefore the stock should do well, but it could also mean that if the company stumbles, that would come as a negative surprise. According to the ETF Finder at ETF Channel, AKS makes up 4.37% of the SPDR S&P Metals & Mining ETF (XME) which is trading up by about 1.5% on the day Wednesday. AKS operates in the Non-Precious Metals & Non-Metallic Mining sector, among companies like Ternium S A (TX) which is down about 0.9% today, and Vale SA (VALE) trading lower by about 0.7%. Below is a three month price history chart comparing the stock performance of AKS, versus TX and VALE. AKS is currently trading up about 4.3% midday Wednesday.
HOST // Robert Powell
Retirement Planning Event
More from Stocks
Nvidia's GTC Conference: Demand for Computing Power Drives Innovation
Nvidia CEO Jensen Huang talks about the demand for computing power at the company's GTC Conference.
Apple's Heart Study Tied to Its Watch Shows Promise but Also Some Challenges
The hope is that the Apple Watch can successfully identify a condition known as atrial fibrillation.
It's Hard to Be Negative When the Market Is Trading This Way
The strength in bank stocks in front of the Fed meeting is an indication there isn't real concern about an inverted yield curve.
Nvidia Highlights Enterprise Efforts at Its Developer Conference
At Nvidia's annual GTC conference, the company played up its partnership with Red Hat and the potential of a new analytics and machine learning software platform.
Marriott's New Strategy Could Lift the Stock -- ICYMI
Marriott is making a push towards the high end of the market when consumer spend looks to be slowing. But the hotel operator has some tailwinds at its back.