|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||23.84 - 23.84|
|52 Week Range||23.84 - 37.53|
|Beta (5Y Monthly)||2.07|
|PE Ratio (TTM)||1.50|
|Forward Dividend & Yield||0.38 (1.37%)|
|Ex-Dividend Date||May 13, 2022|
|1y Target Est||N/A|
Investors need to pay close attention to ArcelorMittal (MT) stock based on the movements in the options market lately.
Shares in integrated steel and mining company ArcelorMittal (NYSE: MT) were down nearly 8% this afternoon. There's a sense that the Federal Reserve's recent rate hike will lead to more rate hikes, and the bond markets have been busy pricing in higher interest rates. All of this speaks to slowing economic growth in the future as higher interest rates make investment more expensive.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.