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NYSEARCA:SLX

51.71
0.24 (0.46%) 1d
0
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WEAK BUY

A steel ETF that covers stocks like Rio Tinto, Cleveland Cliff, etc.. The best way to play the global steel sector. Look at the 10 year chart to get perspective. We have seen a good rally already. A classic cyclical play. We are getting to the top end of the range. Not early.

E.T.F.'s
BUY

See his educational segment. The bump we saw in China is over. China will grow at a much lower rate than the last couple of years. He is playing SLX-N as the best infrastructure play as it is steel in the US.

E.T.F.'s
COMMENT

Steel benefits more from October through to May when manufacturing does well and all the cyclicals do well. The average gain for steel over that time is about 7%. There has been improvement in manufacturing recently, which is not seasonably typical.

E.T.F.'s
WAIT

Has all the global steel players in it. The Chinese government is 50% of GDP. He would not buy yet, but sometime in 2013 for a 3-5 year hold. Don't chase it here.

E.T.F.'s
TOP PICK
Steel. Valuation is outrageous at about 8 or 9 times earnings. This one plays into the issue of global growth.
E.T.F.'s
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Markst Vectors Steel Index E.T.F.(SLX-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Markst Vectors Steel Index E.T.F. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Markst Vectors Steel Index E.T.F.(SLX-N) Frequently Asked Questions

What is Markst Vectors Steel Index E.T.F. stock symbol?

Markst Vectors Steel Index E.T.F. is a American stock, trading under the symbol SLX-N on the NYSE Arca (SLX). It is usually referred to as AMEX:SLX or SLX-N

Is Markst Vectors Steel Index E.T.F. a buy or a sell?

In the last year, 1 stock analyst published opinions about SLX-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Markst Vectors Steel Index E.T.F..

Is Markst Vectors Steel Index E.T.F. a good investment or a top pick?

Markst Vectors Steel Index E.T.F. was recommended as a Top Pick by on . Read the latest stock experts ratings for Markst Vectors Steel Index E.T.F..

Why is Markst Vectors Steel Index E.T.F. 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 Markst Vectors Steel Index E.T.F. worth watching?

In the last year, there was no coverage of Markst Vectors Steel Index E.T.F. published on Stockchase.

What is Markst Vectors Steel Index E.T.F. stock price?

On 2021-12-01, Markst Vectors Steel Index E.T.F. (SLX-N) stock closed at a price of $51.71.