AKS - AK Steel Is Attractive Again
As I have written in my recent update on Cliffs Natural Resources (CLF), market participants have been very disappointed with the latest news on steel tariffs. As a result, many steel-related names found themselves under increased pressure.
Frankly, the whole “value stocks” group has had performance problems for quite some time now as the capital was directed towards the “infallible” FAANG. Now, it looks like the market is finally ready to reassess its darlings. Facebook (FB) is under pressure, Tesla (TSLA) has made a decisive breakout past the $290