BUZZ-J.P.Morgan cuts PTs of US steelmakers on low Q4 expectations

Reuters

Jan 17, 2025

** J.P.Morgan cuts PTs on shares of Steel Dynamics STLD.O to $132 from $134, Nucor NUE.N to $152 from $168 and United States Steel X.N to $40 from $44

** Brokerage expects downbeat market commentary from steel companies during Q4 earnings as weak midquarter guides and inflation uncertainty have also weighed on shares during the quarter

** "With expectations already low, investors will be focused on signs of any green shoots for demand/pricing such as lead times/scrap costs as well as progress on growth initiatives" - JPM

** Brokerage says steel buyers who have remained on sidelines during quarter owing to excess inventory and seasonally weak demand, now await clarity on trade policy under the incoming Trump administration

** In 2024, NUE fell 32.9%, STLD fell 3.4% and X fell 30.1%

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2504315575"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2504315575\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2504315575?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-17 19:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2504315575","market":"us","top_or_hot":-1,"title":"BUZZ-J.P.Morgan cuts PTs of US steelmakers on low Q4 expectations","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-J.P.Morgan cuts PTs of US steelmakers on low Q4 expectations</title></head><body><p>** J.P.Morgan cuts PTs on shares of <a href=\"https://laohu8.com/S/STLD\">Steel Dynamics</a> <span>STLD.O</span> to $132 from $134, Nucor <span>NUE.N</span> to $152 from $168 and United States Steel <span>X.N</span> to $40 from $44 </p><p>** Brokerage expects downbeat market commentary from steel companies during Q4 earnings as weak midquarter guides and inflation uncertainty have also weighed on shares during the quarter</p><p>** \"With expectations already low, investors will be focused on signs of any green shoots for demand/pricing such as lead times/scrap costs as well as progress on growth initiatives\" - JPM</p><p>** Brokerage says steel buyers who have remained on sidelines during quarter owing to excess inventory and seasonally weak demand, now await clarity on trade policy under the incoming Trump administration</p><p>** In 2024, NUE fell 32.9%, STLD fell 3.4% and X fell 30.1%</p><p>(Reporting by Aatreyee Dasgupta)</p><p>((Aatreyee.Dasgupta@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-J.P.Morgan cuts PTs of US steelmakers on low Q4 expectations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-J.P.Morgan cuts PTs of US steelmakers on low Q4 expectations\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-01-17 19:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-J.P.Morgan cuts PTs of US steelmakers on low Q4 expectations</title></head><body><p>** J.P.Morgan cuts PTs on shares of <a href=\"https://laohu8.com/S/STLD\">Steel Dynamics</a> <span>STLD.O</span> to $132 from $134, Nucor <span>NUE.N</span> to $152 from $168 and United States Steel <span>X.N</span> to $40 from $44 </p><p>** Brokerage expects downbeat market commentary from steel companies during Q4 earnings as weak midquarter guides and inflation uncertainty have also weighed on shares during the quarter</p><p>** \"With expectations already low, investors will be focused on signs of any green shoots for demand/pricing such as lead times/scrap costs as well as progress on growth initiatives\" - JPM</p><p>** Brokerage says steel buyers who have remained on sidelines during quarter owing to excess inventory and seasonally weak demand, now await clarity on trade policy under the incoming Trump administration</p><p>** In 2024, NUE fell 32.9%, STLD fell 3.4% and X fell 30.1%</p><p>(Reporting by Aatreyee Dasgupta)</p><p>((Aatreyee.Dasgupta@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STLD","symbol_name":"Steel Dynamics","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250117:nL4N3OD0UU:1","article_id":"2504315575","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2504315575","pubTimestamp":1737113424,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-J.P.Morgan cuts PTs of US steelmakers on low Q4 expectations** J.P.Morgan cuts PTs on shares of Steel Dynamics STLD.O to $132 from $134, Nucor NUE.N to $152 from $168 and United States Steel X.N to $40 from $44 ** Brokerage expects downbeat market commentary from steel companies during Q4 earnings as weak midquarter guides and inflation uncertainty have also weighed on shares during the quarter** \"With expectations already low, investors will be focused on signs of any green shoots for demand/pricing such as lead times/scrap costs as well as progress on growth initiatives\" - JPM** Brokerage says steel buyers who have remained on sidelines during quarter owing to excess inventory and seasonally weak demand, now await clarity on trade policy under the incoming Trump administration** In 2024, NUE fell 32.9%, STLD fell 3.4% and X fell 30.1%","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"STLD":"Steel Dynamics","LU0330918003.SGD":"Blackrock World Mining A2 SGD-H","NUE":"纽柯钢铁","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","BK4588":"碎股","LU1023059493.AUD":"Blackrock World Mining A2 AUD-H","BK4516":"特朗普概念","BK4585":"ETF&股票定投概念","X":"美国钢铁","LU0075056555.USD":"贝莱德世界矿业基金A2","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","BK4006":"钢铁","BK4520":"美国基建股"},"translate_title":"嗡嗡声-摩根大通因第四季度预期较低而削减美国钢铁制造商的PT","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NUE":0.9,"X":0.9,"STLD":0.9},"content_text":"BUZZ-J.P.Morgan cuts PTs of US steelmakers on low Q4 expectations** J.P.Morgan cuts PTs on shares of Steel Dynamics STLD.O to $132 from $134, Nucor NUE.N to $152 from $168 and United States Steel X.N to $40 from $44 ** Brokerage expects downbeat market commentary from steel companies during Q4 earnings as weak midquarter guides and inflation uncertainty have also weighed on shares during the quarter** \"With expectations already low, investors will be focused on signs of any green shoots for demand/pricing such as lead times/scrap costs as well as progress on growth initiatives\" - JPM** Brokerage says steel buyers who have remained on sidelines during quarter owing to excess inventory and seasonally weak demand, now await clarity on trade policy under the incoming Trump administration** In 2024, NUE fell 32.9%, STLD fell 3.4% and X fell 30.1%(Reporting by Aatreyee Dasgupta)((Aatreyee.Dasgupta@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}