Posted on 12/01/2016 6:52:06 AM PST by GonzoII
Steel stocks have surged since Donald Trump won the U.S. presidential contest on promises to put America first and make massive investments in the nation’s infrastructure. And no steel producer has benefited more than U.S. Steel. Its shares have jumped 54 percent since Nov. 8, closing Wednesday at $32.34, up $1.18.
However, analysts say there are plenty of steel producers who stand to benefit more than U.S. Steel if the Trump administration pushes through a massive infrastructure program...
(Excerpt) Read more at post-gazette.com ...
So much winning...
Never saw I’d see that. My uncle had a machine shop and was buying from china way back then..’60s. Guess they were dumping back then, too.
I was talkin’ to a guy in church Sunday who works in the coal industry and he said the very next day CONSOLE stock went up two points.
I used to work in a gun barrel machine shop in the early 90’s and we were told we couldn’t get gun barrel grade steel in the US ... it had to came from China.
Wall = rebar
Must go buy some US steel stock then.
Be careful. There has been a lot of buying of Jan 27 X Puts.
Wait till after the fed decision on rates Dec ~15. If they raise things could get dicey for awhile.
Better to buy steel in the mid 20s than the current 32.60.
Medium to long term should be good though.
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