The 2nd quarter and first half of 2024 are rapidly coming to a close, setting the market up for its summer adventure. The latest read on earnings expectations is positive and suggests the market will continue to rise. Not only are S&P 500 (NYSEARCA: SPY) earnings expected to accelerate from th.... |
Good MorningEquity markets started the week off sour, falling on the first trading day. The S&P 500 shed about 0.30% as traders and investors brace for a dose of reality. That will come on Friday with the latest read on PCE prices. The PCE price index is expected to cool compared to the prior month and year but not sufficiently to allow a rate cut soon. The best-case scenario is that inflation continues to fall over the next two to three months and paves the way for a single 25 basis point cut later this year.
The impact on the market may be minimal. Inflation is slowing, and economic resilience is evident, which could increase the market indefinitely, given earnings growth in corporate America. The real question is what guidance will be provided for the 2nd half. The onset of the Q2 earnings reporting season is also near and will better indicate market direction. As it is, average investors believe that earnings will continue to grow through the end of next year. A change in that outlook will bring the market crashing down. Featured: The 7 Best Stocks to Own in Summer 2025 (Ad) 
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The 2nd quarter and first half of 2024 are rapidly coming to a close, setting the market up for its summer adventure. The latest read on earnings expectations is positive and suggests the market will continue to rise. Not only are S&P 500 (NYSEARCA: SPY) earnings expected to accelerate from th... Read the Full Story |
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Jeff recently traveled to an American ghost town to investigate this crazy Cold War story…
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American integrated steel producer United States Steel Co. (NYSE: X) lowered its adjusted Q2 EBITDA guidance on June 17, 2024. However, the stock reaction was minimal, as shares continued to chop around in a tight range. Investors are waiting for the Japanese steel producer Nippon Steel's acquisit... Read the Full Story |
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Software development platform provider GitLab Inc. (NASDAQ: GTLB) stock is in a slump, trading down 30% year-to-date (YTD) and nearing 52-week lows. While the artificial intelligence (AI) trend is causing AI-related stocks to surge, GitLab stock has clearly been left out. The company has been a ... Read the Full Story |
| Markets | | | Asian shares are mixed after a rebound for Nvidia propped up a weakened Wall Street. Japan’s Nikkei jumped 1.4% to 39,726.39, buoyed by strong demand for technology shares driven by the enthusiasm over Nvidia and artificial intelligence. Tokyo Electron gained 3.2% and Advantest Corp. soared 6.6%. Sh... Read the Full Story |
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The artificial intelligence (AI) revolution is sparking the growth of data centers. Data centers require lots of power and stable backup power to operate efficiently. Data Centers now consume nearly 3% of global electricity. Bloom Energy Co. (NYSE: BE) is a clean energy solutions provider sellin... Read the Full Story |
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| Markets | | | The letter from the insurance company arrived just before Brian and Morgan Gobba finally finished construction on their new house: Their homeowner’s policy was being canceled. The Gobbas were among the first families to return to Paradise after the 2018 Camp Fire killed 85 people and destroyed 90% o... Read the Full Story |
| Tuesday's Early Bird Stock Of The Day Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. The Steel Operations segment offers hot rolled, cold rolled, and coated steel products; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing steel bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars; channels, angles, flats, merchant rounds, and reinforcing steel bars; and specialty shapes and light structural steel products. This segment also engages in turning, polishing, straightening, chamfering, precision saw-cutting, and heat treating of bar products. Its products are used in construction, automotive, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube markets. The Metals Recycling Operations segment is involved in the ferrous and nonferrous scrap metal processing, transportation, marketing, brokerage, and scrap management services. Its ferrous products include heavy melting steel, busheling, bundled scrap, shredded scrap, steel turnings, and cast-iron products; and nonferrous products comprise aluminum, brass, copper, stainless steel, and other nonferrous metals. The Steel Fabrication Operations segment produces steel non-residential building components, such as steel joists, girders, trusses, and steel deck products for non-residential steel fabricators, metal building companies, general construction contractors, developers, owners, brokers, and governmental entities, as well as e-commerce warehouses, data centers, metal buildings, and education and commercial building projects. The Aluminum Operations segment offers recycled aluminum flat rolled products. The company also exports its products. Steel Dynamics, Inc. was founded in 1993 and is headquartered in Fort Wayne, Indiana. | Should I Buy Steel Dynamics Stock? STLD Bull and Bear Case Explained
These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Steel Dynamics was last updated on Wednesday, July 09, 2025 at 8:01 PM.
Steel Dynamics Bull Case -
The current stock price is around $131, which is relatively stable compared to its 1-year high of $155.56, indicating potential for recovery and growth.
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Steel Dynamics, Inc. has received multiple upgrades from analysts, with a consensus target price of $148, suggesting that many experts believe the stock is undervalued.
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The company has a strong market capitalization of approximately $19.48 billion, indicating a solid position in the steel production and metal recycling industry.
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Recent analyst ratings show a majority of buy ratings, with eight analysts recommending the stock, which reflects positive sentiment in the market.
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Steel Dynamics, Inc. has a healthy financial profile, with a current ratio of 2.74, indicating good short-term financial stability and ability to cover liabilities.
Steel Dynamics Bear Case -
One analyst has recently downgraded the stock from a "hold" to a "sell" rating, which may indicate potential concerns about the company's future performance.
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Insider selling activity has been noted, with significant shares sold by executives, which could signal a lack of confidence in the company's near-term prospects.
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The stock has experienced fluctuations, with a recent trading volume of 1,875,563 shares, suggesting volatility that may deter risk-averse investors.
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Despite a strong market position, the company has a P/E ratio of 17.33, which may be considered high in comparison to industry peers, indicating potential overvaluation.
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The debt-to-equity ratio of 0.44, while manageable, suggests that the company is not entirely free from debt, which could impact financial flexibility in challenging market conditions.
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