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The Challenges Boeing's New CEO Is Facing
Friday, January 10, 2020 - 3:45pm | 762Boeing Co (NYSE: BA) Chairman David Calhoun won't be able to fly under the radar once he takes over as CEO at the beleaguered American jet maker Monday. Calhoun will take over the controls from Dennis Muilenburg, who was forced to step down last month in the tumultuous aftermath of two crashes...
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Longbow Turns Bullish On Arconic, Cites Positive Feedback From Aerospace Suppliers
Thursday, December 20, 2018 - 1:25pm | 424With shares of Arconic Inc (NYSE: ARNC) trading close to 52-week lows, Longbow Research turned bullish again on the stock and sector after "positive feedback" from an aerospace supplier survey. The Analyst Longbow Research's Chris Olin upgraded Arconic from Neutral to Buy...
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Steel Stocks Have Wall Street's Attention
Tuesday, November 27, 2018 - 2:19pm | 547The U.S. steel industry has had a volatile couple of years with fluctuations in steel prices and uncertainty surrounding the fate of steel tariffs in an ongoing trade war. This week, several Wall Street analysts weighed in on steel stocks ahead of the G20 summit of world leaders. New Steel Mill...
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Trump's Steel Tariffs Are Stronger Than The Market Expected, Says Longbow Analyst
Friday, March 2, 2018 - 12:20pm | 434President Donald Trump’s decision to enact a 25-percent tariff on imported steel took the market by surprise Thursday and left analysts scrambling to update their outlook for U.S. steel stocks. The Analyst Longbow Research analyst Chris Olin reiterated Buy ratings for the following four...
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Analyst: Weakness In Reliance Steel & Aluminum Shares Offers Nice Entry Point Ahead Of Key Releases
Wednesday, February 7, 2018 - 4:38pm | 360Reliance Steel & Aluminum Co (NYSE: RS) is likely to benefit from incremental strength in service center demand. The Analyst Longbow analyst Chris Olin upgraded shares of Reliance Steel & Aluminum from Neutral to Buy, with a $100 price target. The Thesis Reliance Steel & Aluminum...
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US Steel Investors May Be In For A Reality Check
Monday, October 16, 2017 - 11:07am | 379Shares of United States Steel Corporation (NYSE: X) have traded higher by 17.2 percent in the past three months, but Longbow Research analyst Chris Olin believes the stock could be headed lower in the near term. According to Olin, there is a disconnect between positive investor sentiment and...
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Analyst Surveys Suggest Steel Stocks Will Soon Suffer
Monday, October 2, 2017 - 10:48am | 725Recent analyst surveys brought to light the brittle nature of steel stocks, leading Longbow Research to downgrade Nucor Corporation (NYSE: NUE) and Steel Dynamics, Inc. (NASDAQ: STLD). Meanwhile, the firm maintained its ratings on AK Steel Holding Corporation (NYSE: AKS) and United States...
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Trump Comments On Trade Caused This Analyst To Downgrade AK Steel, US Steel
Thursday, July 27, 2017 - 10:42am | 439United States Steel Corporation (NYSE: X) shares jumped 7.2 percent on Wednesday after the company’s second-quarter earnings topped Wall Street’s expectations. However, comments from President Donald Trump about his ongoing investigation into U.S. steel imports this week may have taken...
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What Moves US Steel Shares More, Earnings Or Trump Talk On Trade?
Wednesday, July 26, 2017 - 9:23am | 370United States Steel Corporation (NYSE: X) shares jumped 7 percent in Wednesday’s pre-market session after the company reported a big earnings and guidance beat. While the company’s core business seems to be firing on all cylinders at the moment, comments from President Trump on U.S....
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Newsflow Is Turning Positive For Steel Industry, US Steel
Thursday, July 13, 2017 - 10:14am | 341The steel industry could soon move much higher, according to Longbow Research analyst Chris Olin. “Recent conversations with North American distributors levered to the energy markets suggest NT upside potential for the U.S. Steel (X) [United States Steel Corporation (NYSE: X)] Tubular Segment...
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More Bad News For U.S. Steel? Analyst Sees Signs Of Price Risk
Tuesday, May 9, 2017 - 1:14pm | 705It looks like United States Steel Corporation (NYSE: X) shares may not stage a near-term recovery from the wounds inflicted by a post-election retreat and subsequently a lackluster first-quarter earnings report. Source: Y Charts The bleak prognostication comes amid the release of a note by...