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ArcelorMittal (MT)

(Delayed Data from NYSE)

$22.03 USD

22.03
1,683,591

+0.21 (0.96%)

Updated Aug 9, 2024 04:00 PM ET

After-Market: $22.03 0.00 (0.00%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.03%
2Buy17.70%
3Hold9.37%
4Sell5.03%
5Strong Sell2.48%
S&P50011.19%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value C Growth F Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Bottom 7% (232 out of 250)

Industry: Steel - Producers

Better trading starts here.

Zacks News

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4 Steel Producer Stocks to Buy From a Rebounding Industry

A strong rebound across major end-markets from the pandemic-led slump, zooming steel prices and rising demand in China should enable the Zacks Steel Producers industry to thrive. MT, X, SCHN and ZEUS are set to gain from improved market conditions.

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4 High Earnings Yield Bets for Handsome Rewards

Stocks with higher earnings yield have the potential of providing comparatively greater returns. Invest in high-yield stocks including MT, F, PPC and LPL for a rewarding portfolio.

Should Value Investors Buy ArcelorMittal (MT) Stock?

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.

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Make a Fortune With These 4 High Earnings Yield Picks

While comparing stocks, if other factors are similar, investors can look out for the one with higher earnings yield. Stocks including GM, WGO, NVAX and MT score high in that parameter.

Zacks Industry Outlook Highlights: United States Steel Corporation, ArcelorMittal, Schnitzer Steel, POSCO and Olympic Steel

Zacks Industry Outlook Highlights: United States Steel Corporation, ArcelorMittal, Schnitzer Steel, POSCO and Olympic Steel

Top Ranked Momentum Stocks to Buy for January 12th

Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, January 12th

Sandstorm Gold (SAND) Posts Preliminary Record Revenues for Q4

Sandstorm Gold (SAND) reports record revenues for Q4 despite lower gold equivalent ounces sold courtesy of higher gold prices.

GrowGeneration (GRWG) Preannounces Record '20 Sales, Ups '21 View

GrowGeneration (GRWG) delivered triple-digit revenue growth in sales in 2020 fueled by acquisitions, retail sales growth and expansion of its omni-channel platform.

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Steel Industry Starts 2021 on Upbeat Mood: 5 Solid Picks

The steel industry is on an upward trajectory on rising demand across critically important end-markets, surging prices and prospects of infrastructure stimulus.

The Zacks Analyst Blog Highlights: ArcelorMittal, Ubiquiti, Rio Tinto, General Motors and Liberty Broadband

The Zacks Analyst Blog Highlights: ArcelorMittal, Ubiquiti, Rio Tinto, General Motors and Liberty Broadband

4 Steel Stocks Set to Gain on Spurred Up Demand in 2021

Demand for steel looks poised to improve on an expected rebound in vehicle production and expansion in manufacturing, making it wise to invest in names like ArcelorMittal (MT) and Olympic Steel (ZEUS)

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5 Top-Ranked Momentum Stocks for January to Tap Market Rally

We have narrowed down our search to five momentum stocks that have witnessed robust earnings estimate revisions in the last 7 to 30 days. These are: MT, UI, RIO, GM, LBRDA.

ArcelorMittal (MT) Unit to Add Additional Capability in Canada

ArcelorMittal's (MT) subsidiary ArcelorMittal Dofasco adds additional capability in Canada to make Alusi coated Usibor Press Hardenable Steel for automotive applications.

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Markets Book Profits as Vaccine Rally Stalls; DASH Jumps 86% on IPO

DoorDash (DASH) shares closed its first day on the New York Stock Exchange at $189 per share.

ArcelorMittal's (MT) Stock Up on Q3 Earnings & Revenue Beat

ArcelorMittal's (MT) shipments and sales declines y/y in the third quarter. However, it is witnessing improvement in activity levels due to the easing of lockdown measures.

The Zacks Analyst Blog Highlights: Commercial Metals Co, L.B. Foster, Schnitzer Steel Industries, POSCO and ArcelorMittal

The Zacks Analyst Blog Highlights: Commercial Metals Co, L.B. Foster, Schnitzer Steel Industries, POSCO and ArcelorMittal

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5 Red-Hot Steel Stocks That are Set to Run Higher in Q4

As the steel industry fundamentals are improving, it would be prudent to invest in stocks in this space that are well-placed for solid upside in the final quarter of 2020.

Cleveland-Cliffs (CLF) to Purchase ArcelorMittal's US Assets

Post the closure of this transaction, Cleveland-Cliffs (CLF) will become the largest flat-rolled steel producer in North America. It will also be the largest iron ore pellet producer.

Stock Market News for Sep 29, 2020

Wall Street closed sharply higher on Monday following positive development regarding the approval of a fresh coronavirus-aid package.

ArcelorMittal Announces Plan to Build EAF at AM/NS Calvert

Per ArcelorMittal (MT), an electric arc furnace at Calvert allows asset to be more reactive to the local market.

ArcelorMittal's (MT) Earnings and Sales Beat Estimates in Q2

ArcelorMittal's (MT) operating performance in Q2 reflects the impact of the coronavirus pandemic on steel business, which affected demand and steel shipments.

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World Steel May Production Slumps Despite Record China Output

Coronavirus-induced disruptions led to a decline in crude steel production in every region in May.

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US Steel Stocks Fly as Trump Mulls $1T Infrastructure Plan

U.S. steel stocks got a new lease of life on hopes that the massive infrastructure spending would boost steel demand.

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China Churns Out Record Steel in May as Demand Picks Up

A recovery in construction and manufacturing activities from the coronavirus-led slump is driving demand for steel in China.

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Steel Demand to Slump in 2020 on Coronavirus, Rebound in 2021

The WSA predicts steel demand to drop 6.4% to 1,654 million tons in 2020 due to coronavirus-led lockdowns and disruptions.