Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
Trending
Indices
US
Crypto
Forex
Commodities
Futures
SYMBOL
LAST
NET CHG.
%CHG.
BID
ASK
HIGH
LOW
SPREAD
- All
- Chatrooms
- Groups
- Friends
Connecting
.
.
.
US
VN
TW
- All
- US Election
- Israel-Palestine Conflict
- Russia-Ukraine Conflict
Search
News
Trending Topics
Daily News
To quickly learn market dynamics and follow market focuses in 15 min.
Remarks of Officials
In the world of mankind, there will not be a statement without any position, nor a remark without any purpose.
Central Bank
Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.
Forex
Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
Latest Update
Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
Recent Searches
Top Searches
View All
No data
Search
Steel Dynamics Expects Lower Q4 Earnings Amid Pricing Pressures
Zacks
Steel Dynamics, Inc. STLD expects earnings for the fourth quarter of 2024 to be $1.26 to $1.30 per share. It reported earnings $2.05 per share for the third quarter and $2.60 for fourth-quarter 2023.
The company's steel operations are expected to see significantly lower fourth-quarter profitability than the third quarter due to lower average realized pricing, seasonally lower shipments and an unplanned outage at the company's Butler Flat Roll Division that further reduced volume by an estimated 50,000 tons. Flat-rolled steel prices have become stable and underlying steel demand in the principal steel-consuming sectors is seasonally flat, as shown by strong customer order activity. Customers are optimistic about the outlook for 2025.
Based on consistent ferrous volume and constant average realized pricing, the company's metals recycling activities are predicted to generate much higher earnings in the fourth quarter than in the third quarter.
Earnings from the company's steel fabrication operations are likely to be lower in the fourth quarter of 2024 from the prior quarter, owing to seasonally reduced shipments and a less than 5% reduction in average realized pricing. The order backlog is steady, stretching into the first half of 2025 at attractive pricing levels. Current order activity is stable, with expectations for increased volumes in 2025 as interest rates fall. Support from the U.S. infrastructure program and onshoring is expected to boost demand for steel joist and deck products, as well as flat-rolled and long-product steel.
The company repurchased $250 million, or little more than 1%, of its common shares during the fourth quarter through Dec. 10, 2024, based on ongoing confidence in its cash flow generation and earnings projections.
Shares of Steel Dynamics have lost 0.3% in the past year compared with the industry’s 26.4% decline.
STLD’s Rank & Key Picks
STLD currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the basic materials space include Carpenter Technology Corporation CRS, Ingevity Corporation NGVT and CF Industries Inc. CF.
Carpenter Technology currently carries a Zacks Rank #1 (Strong Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 14.1%. The company's shares have soared 161.6% in the past year. You can see the complete list of today's Zacks #1 Rank stocks here.
Ingevity, a Zacks Rank #2 (Buy) stock, beat the consensus estimate in three of the trailing four quarters. In this time frame, it has delivered an earnings surprise of roughly 95.4%, on average. The consensus estimate for NGVT’s current year earnings has increased 15.9% in the past 60 days.
The Zacks Consensus Estimate for CF’s current-year earnings is pegged at $6.32 per share. CF, a Zacks Rank #1 stock, beat the consensus estimate in two of the last four quarters while missed twice, with the average earnings surprise being 10.3%. CF has rallied around 18.2% in the past year.
Zacks Investment Research
Risk Warnings and Disclaimers
You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
Copyright © 2025 FastBull Ltd
728 RM B 7/F GEE LOK IND BLDG NO 34 HUNG TO RD KWUN TONG KLN HONG KONG
Risk Disclosure
The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.
Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.