Advertisement
Canada markets close in 5 hours 47 minutes

  • S&P/TSX

    21,716.09
    +60.04 (+0.28%)
     

  • S&P 500

    5,028.89
    +6.68 (+0.13%)
     

  • DOW

    37,948.10
    +194.79 (+0.52%)
     

  • CAD/USD

    0.7266
    +0.0002 (+0.03%)
     

  • CRUDE OIL

    82.70
    +0.01 (+0.01%)
     

  • Bitcoin CAD

    86,953.46
    +1,343.23 (+1.57%)
     

  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

  • GOLD FUTURES

    2,393.80
    +5.40 (+0.23%)
     

  • RUSSELL 2000

    1,951.85
    +3.90 (+0.20%)
     

  • 10-Yr Bond

    4.6310
    +0.0460 (+1.00%)
     

  • NASDAQ

    15,681.76
    -1.62 (-0.01%)
     

  • VOLATILITY

    18.01
    -0.20 (-1.10%)
     

  • FTSE

    7,864.14
    +16.15 (+0.21%)
     

  • NIKKEI 225

    38,079.70
    +117.90 (+0.31%)
     

  • CAD/EUR

    0.6815
    +0.0013 (+0.19%)
     
MARKETS LIVE BLOG:

STOCKS RISE AT OPEN AS TECHS REVIVE, WITH NETFLIX EARNINGS ON TAP

U.S. bond yields continue to slip away from recent five-month highs, easing pressure on stocks

ArcelorMittal (MT) Surges: Stock Moves 8.4% Higher

Zacks Equity Research
Updated

ArcelorMittal MT was a big mover last session, as the company saw its shares rise more than 8% on Friday. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $24.94 to $27.11 in the past one-month time frame.

The company has not seen any estimate revisions over the past one month, while the Zacks Consensus Estimate for the current quarter also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

ArcelorMittal currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%. 

ArcelorMittal Price

ArcelorMittal Price | ArcelorMittal Quote

ADVERTISEMENT

A better-ranked stock in the Steel - Producers industry is Angang Steel Company Limited ANGGY, which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is MT going up? Or down? Predict to see what others think: Up or Down

5 Trades Could Profit "Big-League" from Trump Policies

If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
 
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure.

See these buy recommendations now >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
ArcelorMittal (MT) : Free Stock Analysis Report
 
Angang Steel Co. (ANGGY) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.