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

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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.

 

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