JPMorgan gets bullish on steel industry, likes 2 stocks in particular

For investors with a stomach strong enough to digest the volatility of the steel market, JPMorgan has two stock recommendations that could see significant upside. The investment bank upgraded U.S. Steel and Nucor to buy, arguing that the steel market will stabilize in 2025 as interest rates fall and the November presidential election enters the rearview mirror.

Steel's pending sale to Japan's Nippon Steel. The company's shares are likely to pull back in a kneejerk reaction, Peterson said. "Hence, we see strong standalone valuation support despite our conservative price forecast, presenting an attractive buying opportunity for fundamental investors," the analyst said. U.S.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

With everyone focusing on Nvidia, JPMorgan likes this other chip stock reporting earnings this weekJPMorgan reiterated its overweight rating on Marvell Technology ahead of the company's earnings announcement Thursday after the bell.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Ulta Beauty earnings preview: How JPMorgan expects the stock to react after the reportUlta Beauty earnings preview: How JPMorgan expects the stock to react after the report
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »