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Taitai6769/iStock via Getty Images South Korean steelmaker Posco ([[PKX]] +3%) says it sees Q2 operating profit skyrocketing to 2.2T won ($1.92B) from 167.7B won in the year-earlier quarter, easily beating analyst estimates. The company also expects Q2 revenues will jump by a third Y/Y to 18....
Hiroyuki/iStock via Getty Images Rio Tinto (RIO) and POSCO (PKX), the largest steel producer in South Korea, have signed a memorandum of understanding, or MoU, to jointly explore, develop and demonstrate technologies to transition to a low-carbon emission steel value chain. The partnersh...
South Korea-based steelmaker POSCO (PKX) is known for its wide range of products, such as hot and cold rolled steel and stainless steel. With an increasing demand for steel across several sectors with the fast-reopening global economy, we think the company is well positioned to benefit, So, t...
With the global economy recovering fast, this may be the ideal time to invest in quality growth stocks that are still trading at reasonable valuations. Daimler (DDAIF), Regeneron (REGN), POSCO (PKX), and Covestro (COVTY) are examples of names that possess solid growth attributes and are tradi...
I am positive on the capacity expansion plans of POSCO's chemical business, which should lead to a favorable business mix with a lower profit contribution from its cyclical steel business. The core steel business, which was a drag for POSCO in FY 2020, has witnessed a strong recovery ...
While investors shifted their focus from growth stocks to value stocks earlier this year to capitalize on the economic recovery, many growth stocks have been rebounding lately as investors now bet on the economy’s solid growth prospects. Against this backdrop, we think investing in und...
As the global economy reopens and huge fiscal and monetary stimuli spur infrastructure building and job creation, a broad-based recovery in commodity prices is occurring. Furthermore, since commodities can provide a hedge against inflation, growing inflationary pressure has investors flocking...
Value stocks are attracting significant investor attention amid the economic recovery because they now possess more upside potential than expensive growth stocks. Because rising inflation and high Treasury yields now make pricey growth stocks risky bets, we think it could be wise to bet on PO...
First Quantum Minerals ([[FQVLF]] -7.9%) agrees to sell a 30% stake in its Ravensthorpe nickel mine in Western Australia to South Korean steelmaker Posco ([[PKX]] -2%) for C$240M.First Quantum and Posco also will evaluate a strategic partnership to produce battery precursor materials from pro...
A gradual economic recovery is boosting demand for steel in response to strong demand from major end-markets such as automotive and construction. Against this backdrop, we think it could be wise to bet on fundamentally sound steel stocks POSCO (PKX) and Companhia (SID). The rapid recover...
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2024-07-13 19:34:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-06-23 22:58:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
A look at the top 10 most actives in the United States NVIDIA Corporation (NVDA) fell 3.2% to $126.57 on volume of 604,432,871 shares American Rebel Holdings Inc. (AREB) rose 152.5% to $0.76 on volume of 367,740,589 shares Sirius XM Holdings Inc. (SIRI) rose 1.0% to $2.93 on volume of 329...