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ArcelorMittal (MT-N)
NYSE:MT
25.27
0.78
(3.18%) 1d
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Technical Analysis
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$37.280
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A multinational steelmaker. He likes the division that sold to Cleveland Cliffs--you want to buy that. Newport is also good in the steel space.
(Market Call Minute.) One of the largest steel companies globally. The steel business has had a very tough time and will continue to have that. There is massive overcapacity in China.
Steel companies are really under the gun right now. Demand has slowed. There is a glut of supply and prices are falling very quickly. This company has a very high debt to cash flow ratio. It is very important to look at the leverage that they have. He owns a couple of their bonds, short dated ones. He prefers their debt because it ranks higher than their equity and doesn’t suffer if they cut the dividend.
What do you think Chinese demand will be? That is the predictor of this stock. Prices are off and chart is awful. Well run but evident that people have concerns about Chinese demand. Watch until you see turn in Chinese demand.
This is one of a deep global cyclicals and has been battered around. Not a bad time to take a look at this one.
ArcelorMittal(MT-N) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
ArcelorMittal(MT-N) Frequently Asked Questions
What is ArcelorMittal stock symbol?
ArcelorMittal is a American stock, trading under the symbol MT-N on the New York Stock Exchange (MT). It is usually referred to as NYSE:MT or MT-N
Is ArcelorMittal a buy or a sell?
In the last year, there was no coverage of ArcelorMittal published on Stockchase.
Is ArcelorMittal a good investment or a top pick?
ArcelorMittal was recommended as a Top Pick by on . Read the latest stock experts ratings for ArcelorMittal.
Why is ArcelorMittal stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is ArcelorMittal worth watching?
0 stock analysts on Stockchase covered ArcelorMittal In the last year. It is a trending stock that is worth watching.
What is ArcelorMittal stock price?
On 2024-11-15, ArcelorMittal (MT-N) stock closed at a price of $25.27.
Commodities move with the economic cycle. Likely this has peaked and is heading into a trough, so don't buy now. This stock hasn't done much since its 2008 peak. Maybe it's good for traders, but there are better companies that have growing free cash flow.