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- Goldman: Nucor Sell-Off Overdone, Buy the Dips [view article]
- Wall Street Breakfast: Must-Know News [view article]
- Coal and Steel Stocks Take A Hit [view article]
- Key Earnings Reports This Week [view article]
- What's Wrong with Today's Value Investing? [view article]
- Cleveland Cliffs Should Have Rallied, Not Plunged 17% [view article]
- Global Infrastructure, Alternative Energy and the Cost of Commodities [view article]
- Commercial Metals Earnings and the Domestic Steel Market [view article]
- Oil Rises, Dow Falls - Fast Money Recap (6/26/08) [view article]
- Goldman Sachs Replaces Nucor with U.S. Steel on Its Conviction Buy List [view article]
- 5 Metal and Mining Stocks for Short Term Consideration [view article]
- Fast Money Recap - Oil Spoils Everything (6/6/08) [view article]
loading ...Recent NUE Articles
- Goldman: Nucor Sell-Off Overdone, Buy the Dips
- Welcome to Massive-Earnings Thursday
- Wall Street Breakfast: Must-Know News
- Earnings Preview: Nucor
- Key Earnings Reports This Week
- The Market for Metals Is Still Heavy
- S&P's Poor Standard - Fast Money Recap (7/9/08)
- Cleveland Cliffs Should Have Rallied, Not Plunged 17%
- Coal and Steel Stocks Take A Hit
- What's Wrong with Today's Value Investing?
- Full List of Articles »
sack
What's Wrong with Today's Value Investing? [view article]
GreenAB,Good point about multiple contraction. You may be interested in reading what Vitaliy Katsenelson has written about this phenomena during secular range-bound markets. You can check my site, where I've posted about this, or go directly to his site by googling his name. Reply
Cleveland Cliffs Should Have Rallied, Not Plunged 17% [view article]
People who are chasing these commodity based industries as safe havens had better be savvy investors.These stocks can get away from you to the downside at lightning speed!! ReplyCoal and Steel Stocks Take A Hit [view article]
as the market continues to go down, coal, which used to be a safe haven, now looks like it may be subject to a downward trend. Here's a pretty good podcast that discusses what to during this down market and what's going on with coal, steel, bulk shipping, and agriculture.the main idea is that individual investors dont have to act like institutional investors and this market and may be better holding cash than trying to beat the market.
www.greenfaucet.com/sh... Reply
Cleveland Cliffs Should Have Rallied, Not Plunged 17% [view article]
as the market continues to go down, coal, which used to be a safe haven, now looks like it may be subject to a downward trend. Here's a pretty good podcast that discusses what to during this down market and what's going on with coal, steel, bulk shipping, and agriculture.the main idea is that individual investors dont have to act like institutional investors and this market and may be better holding cash than trying to beat the market.
www.greenfaucet.com/sh... Reply
Cleveland Cliffs Should Have Rallied, Not Plunged 17% [view article]
CLF has been on an unsustainable speculative bubble ride for a long time. A major correction is well past due. In a global recession, where construction loans are failing at high rates, and cars/planes and everything else steel is no longer needed, how long before the bulls realize that the price is vaporware? Watch out below! ReplyWhat's Wrong with Today's Value Investing? [view article]
i consider myself a value investor too.but i guess we´re in a process of transforming valuations.
models rely on todays prices in relation to lets say the last 10-15 years.
but thats too shortsighted.
the market prices dire profits for the coming years.
that makes stocks less attractive.
so if a model would suggest that a pe of 10 is cheap, there´s no law it has to stay that way. it can fall to 7, 5 or 2 - nobody knows.
it´s called pe-contraction and it happende way in the past.
not an easy time for stockpickers... Reply
Coal and Steel Stocks Take A Hit [view article]
Lots of mitigation issue for MEE. Don't see this one rising as drastic as it did before. Expect it to fall further. Everyone is bailing out. Lost $17, yesterday alone. ReplyCoal and Steel Stocks Take A Hit [view article]
I have warned about the coal sector, just a few days ago. And few people paid attention? Read below about why the coal bull has run too far too fast:seekingalpha.com/artic...
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Coal and Steel Stocks Take A Hit [view article]
Greg, thanks for that great post. I agree with you, although I haven't looked at the specific data driving today's sell-off. However, based upon my research over the last few months, the coal story is very much still intact.As an example, ACI is expected to grow at nearly 40% year-over-year for the next five years. (2nd qtr earnings are due on July 23rd).
Today's drop was pretty dramatic, but I will be surprised if we don't bounce back in short order.
I agree that this is a buy signal, but the market is pretty high-strung right now so I'm going to wait to see what happens tomorrow. We could get another down day.
Reply
Coal and Steel Stocks Take A Hit [view article]
Window dressing has nothing to do with the sell-off in coal equities. Evidence this explanation is spurious, can be found in the 7/1 price of these equities. The first day they could have been sold if they indeed were window dressing, collectively, these equities were all near there highs.The reason coal equities sold off on 7/2 is a function of coal's price.
The impetus was Asian utilities reluctance to pay $220 per ton for seaborne thermal coal, when last week they had paid $170 per ton. Notably, the transactions where completed at $200 per ton.
More significantly, NYMEX futures on the Central Appalachian contract closed down roughly 9% on the day dropping from $143 per ton to $130 per ton. In London, API2 coal swaps were off by as much as $24 on the day. European benchmark coal also dropped on the order off about $25 per ton. This correction has been anticipated given the rate at which prices have increased over the past month. Fundamentals remain intact, namely the growing supply imbalance which has driven the phenomenal growth in these Companies values.
Reaction to these price drops was so severe because this is the first sign of anything remotely resembling weakness in the coal market. The result is coal equities are oversold and at these levels represent a great entry point.
Reply
Coal and Steel Stocks Take A Hit [view article]
Hi, I am newbie and invested mostly on coal and ag stocks. I have lost $2000 today in paper. Please advice if what strategy I need to do for tomorrow. ReplyCoal and Steel Stocks Take A Hit [view article]
Uh...SDIMGR, that article you cite is a year old. ReplyCoal and Steel Stocks Take A Hit [view article]
This may be a factor why the coal mountains came tumbling down today. ouch!www.marketwatch.com/ne... Reply
Global Infrastructure, Alternative Energy and the Cost of Commodities [view article]
I don't trust Cramer.Here's an article about gold and silver. The basic is idea is that you should sell gold when silver appears to be overbought. Pretty compelling evidence.
www.greenfaucet.com/ha... Reply
2020
Coal and Steel Stocks Take A Hit [view article]
Wonder if Olympics has anything to do with it? China will be cutting back on production in Peking (sorry, old school GI) to lighten up on pollution. Expect coal and steel down in July and early August.Not to mention our own automotive industry cutbacks. Reply