Steel Vaneck ETF (SLX)
$32.11 0.77 (2.46%)
20:00 EDT SLX Stock Quote Delayed 30 Minutes
Previous Close -
Market Cap 112.39M
PE Ratio -
Volume (Avg. Vol.) 5,900
Day's Range 31.00 - 32.20
52-Week Range 17.61 - 39.35
Dividend & Yield 1.12 (3.48%)
SLX Stock Predictions, Articles, and Steel Vaneck ETF News
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Investors considering mining ETFs may want to stay away from coal and steel and favor gold and silver for near-term gains.
Unfortunately for investors considering international equities and exchange traded funds (ETFs), the White House is not limiting its tariff efforts to China. Last month, the White House boosted tariffs on $200 billion worth of Chinese goods to 25% from 10%, but that is not the end of the U.S. tariff list.
Of the 11 sectors in the S&P 500, materials is the most overlooked. However, that doesn't mean there aren't any good materials ETFs to buy.
These trade war stocks receive little attention, but they appear well-positioned to benefit stockholders once the trade war ends.
A few sectors have easily survived the market rout and are crushing the broad market this month. Compare Brokers...
While there are some headwinds that could cause trouble, things are looking good for a strong finish. This is what investors need to know.
Reports that President Trump is looking at imposing tariffs on imported steel are sending steel stocks higher in a big way.
Credit Suisse sent AK Steel (AKS) and U.S. Steel (X) plunging amid supply-side concerns and an overdone rally on Donald Trump's win.
Exchange-traded funds are a great way to position your portfolio for the new year. Here's 10 of the best ETFs for 2017's biggest trends.
In the end, the Dow Jones lost 0.2%, the S&P 500 lost 0.1%, the Nasdaq gained 0.1% and the Russell 2000 gained 0.1%.
The steel industry is on the rebound, and our Bull of the Day is ArcelorMittal SA (ADR) who is crushing earnings. Time to get into MT stock
A study of analyst recommendations shows Rio Tinto plc is the #16 broker analyst pick out of the 50 stocks making up the metals Global Mining Titans index
AKS stock and X stock are rallying for a second consecutive day on Wednesday, as steel stocks celebrate an anti-dumping petition against China & others.
The Nasdaq hit a new closing high, and major tech stocks including AMZN, GOOG and MSFT could end up driving the index to its dot-com intraday highs Thursday.
A study of analyst recommendations at the major brokerages shows that Vale SA (ADR) (NYSE:VALE) is the 40th broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index.
A glut on the market and Beijing's slowing economy have sent steel stocks falling, but the SLX ETF could be a great long-term play on the sector.
The Russell 2000 isn't the only sector of the market showing weakness now. The hurt is bleeding over to several cyclical sectors.
Bank of America's Timna Tanners has been warning investors of a coming "Steelmageddon" - a glut of new electric arc furnace-based sheet mills and a flood of potential steel supply - but she says Cleveland-Cliffs (CLF +0.3%) could take a major stride in balancing the market if it shutters some of the assets obtained in its $1.4B acquisition of ArcelorMittal's U.S.
U.S. Steel (NYSE:X) increased the base price on new orders for hot-rolled coil, cold-rolled coil and hot-dipped galvanized steel products by a minimum of $60/short ton, as the market rebounds from deep lows in August, Argus reports.The company is now targeting minimum pricing of $600/st for HRC and $800/st for CRC and HDG products, according to the report.HRC lead times last week were said to rise to 8-10 weeks from 7-8 weeks, as service centers struggle to find available metal on the market amid higher demand.U.S.
Steel Dynamics (NASDAQ:STLD) CEO Mark Millett says the steel market is at an inflection point and that the industry will see upward momentum in the next month.According to Bloomberg, Millett told the virtual SMU Steel Summit that he sees warehouse construction staying strong through 2020 and into 2021 as consumers move toward more online purchasing, underpinning metal demand.U.S.