- BusinessAmerican City Business Journals•yesterday
It may be time to get bullish on these steel stocks
Steel stocks have had recent surges on Wall Street, but overall the group of some of the largest steel companies have seen their prices decline so far year-to-date. A report this past week by MarketRealist.com indicates that analysts appear bullish on six key steel stocks. The news comes after both AK Steel (AKS), based in West Chester, and United States Steel Corp. (NYSE: X) both reported second-quarter earnings that beat analysts expectations.
BusinessThe Street•2 days agoDying Sears Is About to Reward Long-Suffering Shareholders With This Major Surprise
Department store chain Sears Holding Corp. (SHLD) has been Wall Street's punching bag in 2017, the manifestation of the bricks-and-mortar retail rout that's been taking place as e-tailers like Amazon.com (AMZN) replace the shopping mall for consumers. No doubt about it, Sears has been an awful stock to own in recent years - in the past five years, Sears has lost about 83% of its market value, plunging at the same time that the S&P 500 was undertaking a massive multiyear rally. 50 Reasons Dying Sears Had No Choice But to Strike a Deal With the Ruthless Amazon Sears Is Being Pummeled by Amazon and Walmart in This Key Business It Once Dominated But long-suffering shareholders could be in store for
- BusinessBusiness Insider•yesterday
GOLDMAN SACHS: There's an overlooked way to make a fortune this earnings season
A strategy of buying bullish options on stocks that have lagged the S&P 500 by 3% or more in the weeks leading up to earnings has returned a whopping 17% this earnings season, according to data compiled by Goldman Sachs. To expand upon Goldman's strategy a bit more, it involves buying the closest out-of-the-money call contract on a stock, and then closing the trade one day after earnings. On a broader basis, it's getting increasingly important for traders to get earnings season right, with stock reactions coming in nearly quadruple the normal daily average, the most in the past 18 years.
