Posts Tagged ‘Reliance Steel & Aluminum’

Steel Stocks Heating Up, Futures Up

Steel stocks have been performing well lately although I’m not excited about the sector. I liked the action in Wednesday’s trading and there are a couple of names I follow on my Watch List for steel. The two major ones are United States Steel (X, $23.47, up $0.15) and RelianceRead more

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Reliance Steel Keeping Busy

Reliance Steel & Aluminum (RS, $75.10, up $1.62) is trading higher after boosting its 2Q guidance by 35% citing “larger and faster-than-expected increases in carbon steel product prices.” The company raised its earnings forecast to $2.00-$2.10 a share, way up from its previous forecast of $1.50-$1.60. Wall Street was expectingRead more

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