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United States Steel Corporation (NYSE:X) ( U. S. Steel ) announced today that its Board of Directors declared a dividend of $0.01 per share of U. S. Steel Common Stock. The dividend is payable on Wednesday, June 9, 2021 to stockholders of record at the close of business on Monday, May 10, 2021.
Founded in 1901, the United States Steel Corporation is a Fortune 250 company and a leading steel producer. Together with its subsidiary Big River Steel and an unwavering focus on safety, the company s customer-centric Best of Both
SM world-competitive integrated and mini mill technology strategy is advancing a more secure, sustainable future for U. S. Steel and its stakeholders. With a renewed emphasis on innovation, U. S. Steel serves the automotive, construction, appliance, energy, containers, and packaging industries with high value-added steel products such as U. S. Steel s proprietary XG3™ advanced high-strength steel. The company also maintains competitively advantaged iron
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Record U.S. steel prices have steel stocks soaring, but Bank of America analyst Timna Tanners said Wednesday the steel stock party won’t last forever.
Tanners recently did a deep dive on past steel price peaks and found a history of sharp drops in steel prices and stocks.
History Lesson: So far, Tanners has seen no evidence that U.S. steel prices have reached the current cycle’s peak given new capacity has been delayed until late 2021. Hot-rolled coil (HRC) steel prices recently ranged between $1,400 and $1,500 per ton, more than double their 10-year average of $641.
Prior steel price peaks in 2004, 2008, 2016 and 2018 suggest steel stocks will peak roughly a month before steel prices do, suggesting investors should be watching stock prices more closely than steel prices.
Will Top-Line Expansion Buoy Nokia s (NOK) Q1 Earnings? Zacks.com 2 hrs ago
Nokia Corporation NOK is scheduled to report first-quarter 2021 results, before the opening bell, on Apr 29. In the last reported quarter, adjusted earnings surpassed the Zacks Consensus Estimate by 5 cents. In the first quarter, the company is likely to have recorded higher revenues year over year, driven by solid traction of 5G radio access products across the globe despite certain COVID-19 adversities.
The Finnish entity’s margins might have jumped on product cost reduction and increased ReefShark shipments. Nokia is committed to strengthening business roadmaps with accretive technological collaborations and delivering long-term financial performance on the back of sustainable cash generation. Higher investments in 5G R&D, fueled by healthy demand for 5G telecommunications equipment for higher deployments, might have acted as tailwinds.