AMSYF - U.S. Steel: Too Cheap To Ignore Again
- Steel stocks have generally had a difficult stretch ever since early 2018.
- That has started to change in recent weeks, as steel prices have surged higher, which will eventually translate into rising earnings estimates for the steel producers.
- U.S. Steel common shares are down materially from their 2018 highs.
- Rising steel prices will provide a catalyst, and this will be buoyed by the reflationary narrative that's just now getting started.
- Look for a rally similar to the one we got in 2016, as global growth fears fade, and a global growth reflationary narrative develops.
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U.S. Steel: Too Cheap To Ignore Again