News Formal

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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 18 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 72%

Breaking News: Investing News

Markets,Breaking News: Markets,Energy

For investors with strong stomachs, these steel stock are a buying opportunity, according to the investment bank.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: CNBC - 🏆 12. / 72 Read more »

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
Source: Investingcom - 🏆 450. / 53 Read more »