Stocks

4 Steel Producer Stocks Set to Ride the Industry’s Upturn

The Zacks Steel Producers industry has clawed its way back from the crisis wrought by coronavirus, taking succour from a recovery across major steel-consuming industries and a rebound in China’s steel demand from the pandemic-induced slowdown.

A revival in steel demand in major end-markets such as automotive and construction represents a tailwind for the industry. Demand in China has also picked up on the back of government stimulus. Moreover, steel prices have gained strength on an upturn in demand. Nucor Corporation (NUE), Companhia Siderurgica Nacional (SID), TimkenSteel Corporation (TMST) and Olympic Steel, Inc. (ZEUS) are well placed to gain from these trends.

About the Industry

The Zacks Steel Producers industry serves a wide range of end-use industries such as automotive, construction, appliance, container, industrial machinery, transportation, and oil and gas with various steel products. These include hot-rolled and cold-rolled coils and sheets, hot-dipped and galvanized coils and sheets, reinforcing bars,

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2 Manufacturing Tool Stocks to Watch Out For Amid Pandemic

Players in the Zacks Manufacturing-Tools & Related Products industry are gaining from improved manufacturing activities as the severity of the pandemic has softened from the second quarter of 2020. Also, a surge in business in the e-commerce platform and a heightened demand for DIY products are acting as tailwinds.

However, existing end-market challenges due to the pandemic are clouding the industry players’ growth momentum. Also, a highly leveraged balance sheet is concerning. Two companies namely Stanley Black & Decker, Inc. (SWK) and Lincoln Electric Holdings, Inc. (LECO) are selected to watch for now.

About the Industry

The Zacks Manufacturing-Tools & Related Products industry comprises companies that develop and distribute hand and mechanics tools, hydraulic tools, engineered fastening systems and motion-control systems. Arc welding products, oxy-fuel cutting equipment, plasma cutters, storage system and other related products are also produced by some tool-makers.

The highly-advanced tools are used in industrial, commercial, oil

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4 Undervalued Strong Buy Stocks to Snap Up Today

Sometimes, it pays to remember that the markets are always, ultimately, rational.” data-reactid=”12″Sometimes, it pays to remember that the markets are always, ultimately, rational.

Which basically just means that good news is rewarded and bad news is punished.” data-reactid=”13″Which basically just means that good news is rewarded and bad news is punished.

So when there’s good news flowing in, you’ll typically see shares continuing to rise as more and more people find out. Conversely, when there’s some bad news, you’ll find more and more people jumping out of a stock as they find out.” data-reactid=”14″So when there’s good news flowing in, you’ll typically see shares continuing to rise as more and more people find out. Conversely, when there’s some bad news, you’ll find more and more people jumping out of a stock as they find out.

This kind of behavior creates momentum in share

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