When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
SDVKY - Fear Has Pushed Sandvik Back To A More Reasonable Valuation
Sandvik AB ADR
At least as far European industrials are concerned, analysts have moved swiftly to cut estimates in expectation of a serious recession in the wake of Covid-19, and Sandvik (OTCPK:SDVKY) (SAND.ST) is no exception. Although manufacturing data has held up a little better than feared so far, the second quarter is still likely to be ugly and the sell-side seems braced for an ugly stretch of performance.
Sandvik isn’t my favorite name among European industrials from a quality perspective (that would be Atlas Copco (OTCPK:ATLKY)), and I have some concerns