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ArcelorMittal (MT) Up 49% in a Year: What's Driving the Stock?

23h zacks
ArcelorMittal (MT - Free Report) has seen its shares shoot up roughly 49% over a year. The company has also outperformed its industry’s gain of around 30% to over the same time frame.   ArcelorMittal, a Zacks Rank #2 (Buy) stock, has a market cap of roughly $36.2 billion and average volume of shares traded in the last three months is around 3,527.6K. The company has an expected long-term earnings per share growth of 13. (5-0)

Cleveland-Cliffs: Worth $11 A Share

2018-01-22 seekingalpha
Cleveland-Cliffs (CLF) faces two apparent headwinds that could threaten its meteoric rally in the last month. After rising nearly 25 percent in the last month, an analyst ‘sell’ call and elevated valuations may spook shareholders. But taking profits now may prove too early. There are four reasons why the future looks bright for Cliffs.

The Nest Egg Portfolio: I'm Selling ArcelorMittal Again

2018-01-21 seekingalpha
ArcelorMittal has now reached my preliminary target price, and I prefer to lock in the gains and to increase the cash position. (3-0)

Huntsman (HUN) Up 27% in 6 Months: What's Behind the Rally?

2018-01-19 zacks
Shares of Huntsman Corporation (HUN - Free Report) soared roughly 27% over the last six months. The company has also outperformed the industry’s gain of around 17% over this same time frame. (5-0)

HudBay Minerals (HBM) and ArcelorMittal (MT) are Aggressive Growth Rank Buys

2018-01-19 zacks
Brian Bolan, the aggressive growth stock strategist at Zacks Investment Research has a few sturdy steal plays for your review.  He even tried to push in a “scene stealing” pun – calling himself a man of steel, but that joke went over like a led balloon. Terry Ruffolo didn’t take the bait, but continued the hard discussion around steel. Brian likes the steal names and even talks about AK Steel (AKS - Free Report) and Rio Tinto (RIO - Free Report) but settled on HBM and MT as they both have “A’s” for their growth style scores. (25-0)

New Strong Buy Stocks for January 17th

2018-01-17 zacks
ArcelorMittal (MT - Free Report) : This company that owns and operates steel manufacturing and mining facilities has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.6% over the last 30 days. (2-0)

UPDATE 2-ArcelorMittal-Votorantim tie-up will need more asset sales -report

2018-01-17 reuters
SAO PAULO (Reuters) - Brazil’s antitrust watchdog Cade will press steelmakers ArcelorMittal SA and Votorantim Siderurgia SA for more asset sales before approving their merger, newspaper Valor Economico reported on Wednesday, citing unidentified sources.

UPDATE 1-ArcelorMittal-Votorantim tie-up will need more asset sales -report

2018-01-17 reuters
SAO PAULO, Jan 17 (Reuters) - Brazil’s antitrust watchdog Cade will press steelmakers ArcelorMittal SA and Votorantim Siderurgia SA for more asset sales before approving their merger, newspaper Valor Economico reported on Wednesday, citing unidentified sources.

ArcelorMittal-Votorantim tie-up will require more asset sales -report

2018-01-17 reuters
SAO PAULO, Jan 17 (Reuters) - Brazil’s antitrust watchdog Cade will press steelmakers ArcelorMittal SA and Votorantim Siderurgia SA for more asset sales before approving their merger, newspaper Valor Economico reported on Wednesday, citing unidentified sources.

5 Reasons to Add ArcelorMittal (MT) Stock to Your Portfolio

2018-01-16 zacks
ArcelorMittal’s (MT - Free Report) stock looks promising at the moment. We are positive on the company’s prospects and believe that the time is right for you to add the stock to portfolio as it looks promising and is poised to carry the momentum ahead. Let’s delve deeper into the factors that make this steel behemoth an intriguing choice for investors right now. What’s Working in Favor of MT? An Outperformer: ArcelorMittal has trounced the industry over a year. (38-0)

Foreign Stock Roundup: Infosys Beats; AstraZeneca's Asthma Drug Gets Approval in EU

2018-01-15 zacks
Global markets endured a volatile week, guided by opposing factors. Basic materials and auto stocks emerged as the leading gainers in Europe even as government formation efforts in Germany met with some success. The Nikkei 225 and Hang Seng were the standout performers for Asia’s indexes. Meanwhile, Brazil’s stocks continued to move higher on the back of strong foreign investment inflows.   Basic Resources, Auto Stocks Lead Gains on the STOXX Markets across Europe finished in the green last Monday following gains on Wall Street even as Germany inched closer to the formation of a new government. (46-0)

ArcelorMittal (MT) Hits New 52-Week High on Bright Prospects

2018-01-15 zacks
Shares of ArcelorMittal (MT - Free Report) scaled a fresh 52-week high of $37.32 on Jan 12, before eventually closing the day at $37.16. ArcelorMittal has a market cap of roughly $36.8 billion. Average volume of shares traded in the last three months is around 3,610.6K. The company has an expected long-term EPS growth of 13.4%. Shares of ArcelorMittal have soared 28.2% in the last three months, outperforming the industry’s 23. (17-0)

Gerdau/CMC Transaction: Who Walks Away The Winner?

2018-01-14 seekingalpha
At a time when US infrastructure looks set to take off, Gerdau opts to sell its rebar business.

ArcelorMittal to Expand Solar Portfolio With Exosun Buyout

2018-01-08 zacks
ArcelorMittal (MT - Free Report) has received confirmation from Commercial Court of Bordeauxin in relation to Exosun acquisition. (4-0)

Is POSCO Capable of Maintaining its Growth Momentum in 2018?

2017-12-28 zacks
Steel is crucial to economic well-being as it is used in construction, military application, infrastructure, machinery, appliances, transportation, agriculture, energy generation and many other end markets. This year has been outstanding for the steel producers of the United States, with a collective return of 22.4% yielded by these companies. Today, we will discuss about South Korean steel producer — POSCO (PKX - Free Report) . (35-0)

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