AKS - Sector: Basic Materials --- Industry: Iron & Steel

[setravis]

 
I kept you on alert .......

[setravis]

Great stock, bad economy,
Is it time to short the winners... 
We are in a bear market, now you short on the peaks and cover on the lows.......

52wk Range: 21.25 - 56.27
Volume: 3,628,826
Avg Vol (3m): 3,142,150
Market Cap: 6.20B
P/E (ttm): 16.00
EPS (ttm): 3.47
Div & Yield: 0.20 (0.40%)

Technicals
Last Price Quote is:
5.86%above 13-day MA
14.60%above 50-day MA
RS Rating: 93 

Fundamentals
Key Data:
Market Cap (M): $6,114.88 
P/E Ratio: 15.78 
PEG Ratio: N/A 
Next Earnings: 04/22/2008
Last Analyst Rating: Hold

[setravis]

AP
Sector Snap: Steel Producers Gain
Monday April 7, 10:59 am ET 
Higher Steel Prices Lift Shares of Steel Producers; Analyst Raises Price Target on US Steel


NEW YORK (AP) -- Shares of steel producers gained Monday as rising prices for the commodity led one analyst to boost his price target for shares of United States Steel Corp.
David S. Martin of Deutsche Bank-North America said in a client note that U.S. Steel "is best positioned in our America's coverage to benefit from rising steel prices via its integrated business model."


He raised his price target to $165 from $130.

Martin noted that the company is insulated from soaring prices for iron, the raw material for steel, because it produces virtually all the iron it consumes. And its iron output is increasing.

Further, U.S. Steel is partially isolated from skyrocketing prices for coal, which is needed to make carbon steel, because it has signed longer-term contracts with its coal suppliers and has disclosed that its requirements are "locked up" for 2008 with marginal increases, Martin wrote.

Goldman Sachs analyst Aldo Mazzaferro, writing in a client note last week, said that "much higher-than-expected steel prices, partly offset by record scrap metal and other input costs, should generate well above consensus earnings for steel mills and service centers. Although the steel stocks have appreciated, we still view them as undervalued."

Nucor Corp. and U.S. Steel are his top picks in the sector.

Shares of U.S. Steel rose $6.56, or 4.7 percent, to $147.29, and Nucor rose $1.84, or 2.6 percent, to $72.35.

Elsewhere in the sector, AK Steel Holding Corp. rose $2.30, or 3.7 percent, to $63.28, and Commercial Metals Co. rose 46 cents to $32.79.

ArcelorMittal shares rose 90 cents to $86.07, BHP Billiton Ltd. rose $2.59, or 3.5 percent, to $75.84 and Rio Tinto PLC rose $10.47, or 2.3 percent, to $464.97.




52wk Range: 23.53 - 64.40
Volume: 5,305,641
Avg Vol (3m): 3,369,050
Market Cap: 7.05B
P/E (ttm): 18.18
EPS (ttm): 3.47
Div & Yield: 0.20 (0.30%)


Technicals
Record Price High

Last Price Quote is:
9.94%above 13-day MA
20.75%above 50-day MA
RS Rating: 95 

Fundamentals
Key Data:
Market Cap (M): $6,828.88 
P/E Ratio: 17.62 
PEG Ratio: N/A 
Next Earnings: 04/22/2008
Last Analyst Rating: Hold

[setravis]

Despite recent volatility in the broader markets, the steel sector has exhibited fantastic price action, supported by solid earnings and growth. With daytraders and investors alike trying to find the newest momentum plays, steel companies like AK Steel (AKS)  and
United States Steel (X)  are making fresh 52-week highs almost daily.

Obviously, there is a fundamental reason behind the steel rally. For starters, steel plays a critical role in the infrastructural development and overall economy of any developing nation. In fact, between 2000 and 2005, world steel demand increased by 6% a year. And while the most recent consumption figures have yet to be published, it is widely speculated that recent consumption has grown at an even greater rate, along the lines of 10%-15%.



52wk Range: 23.53 - 64.94
Volume: 3,374,121
Avg Vol (3m): 3,358,600
Market Cap: 7.49B
P/E (ttm): 19.32
EPS (ttm): 3.47

Technicals
Record Price High
Price Gainer

Last Price Quote is:
13.14%above 13-day MA
26.06%above 50-day MA
RS Rating: 97 

Fundamentals
Earnings Expected on Apr 22

Key Data:
Market Cap (M): $6,828.88 
P/E Ratio: 17.62 
PEG Ratio: N/A 
Next Earnings: 04/22/2008
Last Analyst Rating: Hold

Div & Yield: 0.20 (0.30%)


AKS, as well as other steel companies, enjoy pricing power due to high commodity costs, low inventory and strong global demand. Over the past month, earnings estimates on AKS for this year improved by 7.3%. The company will report its first-quarter results later this month. It surpassed earnings estimates in each quarter last year with an average surprise of 34.5%. In the fourth quarter, earnings per share of 95 cents topped the consensus by more than 61%, while sales advanced 7% to $1.69 billion.

[setravis]

Did you ride this up ?
I tried to keep this on your radar !

Check out the Watch List ...Here.......
http://www.3stocksonfire.org/trading/index.php?topic=7100.120

52wk Range: 27.90 - 73.07
Volume: 2,691,445
Avg Vol (3m): 2,922,150
Market Cap: 7.92B
P/E (ttm): 18.60
EPS (ttm): 3.80
Div & Yield: 0.20 (0.30%)

Technicals
Close Above the 13-day MA

Last Price Quote is:
0.80%above 13-day MA
6.36%above 50-day MA
RS Rating: 91 

Fundamentals
Key Data:
Market Cap (M): $7,917.03 
P/E Ratio: 18.60 
PEG Ratio: N/A 
Next Earnings: 07/22/2008
Last Analyst Rating: Hold

[setravis]

AP
Out of the Gate: AK Steel up, added to S&P 500
Friday June 27, 10:27 am ET 
AK Steel shares jump after company is added to S&P 500


NEW YORK (AP) -- Being added to the S&P 500 is giving shares of AK Steel Holdings an early boost Friday.
Standard & Poor's announced late Thursday that the West Chester, Ohio, steel maker was being added to its large-cap S&P 500 index. Shares of companies added to the index usually receive a bump as funds that track the index buy the shares.

AK Steel shares rose $4.49, or 7.1 percent, to $67.67 in early trading. Shares are up about 39 percent for the first half of this year and more than 70 percent over the past 52 weeks as the steel industry benefits from higher demand and prices.

AK Steel replaces Countrywide on S&P 500

Standard & Poor's will add AK Steel Corp. to its S&P 500 Index, replacing Countrywide Financial Corp., the ratings service said Thursday.

Shareholders this week approved the acquisition of Calabasas, Calif.-based mortgage lender Countrywide by Charlotte, N.C.-based Bank of America (NYSE: BAC), with the deal expected to close July 1.

AK Steel (NYSE: AKS), headquartered in West Chester, produces flat-rolled carbon, stainless and electrical steel products, as well as carbon and stainless tubular steel products.



--------------------------------------------------------------------------------------------------------------------


Be patient, do the homework, wait for a pullback, and then pull the trigger.   
Take advantage of the lower prices and buy? This is exactly what you should do if you want to invest in a stock.

[setravis]

Looks like a double bottom formed it has moved outside
of it's down channel.Oversold good entry point.
Turning up,very safe investment mid-long term.
I am looking to get in tomorrow,I am going to set myself a short term target of
$12 to $14

http://stockcharts.com/def/servlet/SC.web?c=aks

Was an under statement...
This has moved over 800% since that post.

Below is the 4 year chart.......

[setravis]

AP
AK Steel sets 5-cent quarterly dividend
Friday January 30, 7:59 pm ET 
AK Steel declares quarterly dividend of 5 cents, payable March 10


WEST CHESTER, Ohio (AP) -- AK Steel on Tuesday declared a regular quarterly dividend of 5 cents.
The steel producer said it would pay the dividend on March 10 to shareholders of record Feb. 13.

[setravis]

Bleeding is over......Cheap Steel...Bottom fishing AK Steel. Too low to pass up.
Recommended by several brokerages. 2% yield. p/e of 2.2 trailing, and 5.86 for 2009. Beneficiary of infrastructure spending. 52 week high low are 73 and 5.20.
insiders were buying at 9.50...target 20.


52wk Range: 5.20 - 73.07
Volume: 952,634
Avg Vol (3m): 8,378,630
Market Cap: 947.18M
P/E (ttm): 234.72
EPS (ttm): 0.04
Div & Yield: 0.20 (2.60%)

Technicals
Last Price Quote is:
-2.17%below 13-day MA
-17.76%below 50-day MA
RS Rating: 20 

Fundamentals
Key Data:
Market Cap (M): $890.89 
P/E Ratio: 695.09 
PEG Ratio: N/A 
Next Earnings: 04/21/2009
Last Analyst Rating: Hold

[setravis]

updated chart look...

[setravis]

Bleeding is over......Cheap Steel...Bottom fishing AK Steel. Too low to pass up.
Recommended by several brokerages. 2% yield. p/e of 2.2 trailing, and 5.86 for 2009. Beneficiary of infrastructure spending. 52 week high low are 73 and 5.20.
insiders were buying at 9.50...target 20.

updated chart look...
Broke the 200-day MA

[setravis]

The run up...
Looking at the 1 year chart




After the BeatDown...
Looking at the 2 year chart

[setravis]

AK Steel Announces Fourth Quarter And Full-Year 2010 Earnings Date

Press Release Source: AK Steel On Wednesday December 15, 2010, 2:56 pm EST
WEST CHESTER, Ohio, Dec. 15, 2010 /PRNewswire-FirstCall/ -- AK Steel (NYSE:AKS - News) said today it plans to release fourth quarter and full-year 2010 earnings before the opening of the New York Stock Exchange on Tuesday, January 25, 2011. 

AK Steel will also provide live listening access on the Internet to its earnings conference call to be held at 11:00 a.m. Eastern Time on January 25, 2011.  Access to the webcast will be available from the home page of the company's Web site at www.aksteel.com.  The webcast will be archived on the company's Web site following the call until February 1, 2011 and will be accessible from the home page.

About AK Steel

AK Steel produces flat-rolled carbon, stainless and electrical steels, primarily for automotive, appliance, construction and electrical power generation and distribution markets.  The company employs about 6,200 men and women in Middletown, Mansfield, Coshocton and Zanesville, Ohio; Butler, Pennsylvania; Ashland, Kentucky; Rockport, Indiana; and its corporate headquarters in West Chester, Ohio.  Additional information about AK Steel is available on the company's web site at www.aksteel.com.

AK Tube LLC, a wholly owned subsidiary of AK Steel, employs about 300 men and women in plants in Walbridge, Ohio and Columbus, Indiana.  AK Tube produces carbon and stainless electric resistance welded (ERW) tubular steel products for truck, automotive and other markets.  Additional information about AK Tube LLC is available on its web site at www.aktube.com.

[setravis]

Volume Trend Reversal...
long term rounded bottom, and ADX coming out of a long term 20
should be a longer term hold here.......
Symmetrical Triangle Continuation Pattern...BreakOut!!!

Day's Range: 15.36 - 16.48
52wk Range: 11.34 - 26.75
Volume: 18,917,375
Avg Vol (3m): 6,618,960
Market Cap: 1.79B
P/E (ttm): 178.90
EPS (ttm): 0.09
Div & Yield: 0.20 (1.40%)

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
11.17%above 13-day EMA
16.99%above 50-day EMA
RS Rating: 70

Below are the 6 month and 1 year charts...

[setravis]

Steel Companies Poised for Growth as Demand Continues to Soar
The Bedford Report Provides Analyst Research on US Steel & AK Steel

Press Release Source: The Bedford Report On Wednesday December 22, 2010, 8:46 am EST
NEW YORK, NY--(Marketwire - 12/22/10) - Steel demand and production have improved nicely in the past year due to increased government support and more balanced demand. The rebound in demand has been largely attributed to -- at least in the US -- stronger auto and non-residential construction sectors. China posted a significant surge in steel imports last month; however stricter measures may reduce the nation's demand going forward. The Bedford Report examines the outlook for companies in the Steel Industry and provides research reports on United States Steel Corporation (NYSE:X - News) and AK Steel Holding Corporation (NYSE:AKS - News). Access to the full company reports can be found at:

www.bedfordreport.com/2010-12-X

www.bedfordreport.com/2010-12-AKS

Last week, The China Iron & Steel Association (CISA) said in its monthly report that the nation's steel demand will be affected by a number of measures taken by China to stall inflation. "Steel prices will continue to remain volatile within a narrow range on weak demand in the winter season," CISA said. The association added that "while long steel product prices will continue rising due to relatively rapid growth in demand compared with flat products."

The Bedford Report releases regular market updates on the Steel Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us for free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

Steel industry experts expect steel prices to increase by $25-30 per tonne in the next three to four months, aided by growth in the auto sector. It is estimated that car production could increase by as much as 50 percent in the coming years as demand for automobiles picks up. This is welcome news for the steel industry as the automotive sector historically used around 20% of the United States production supply.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer

Contact:
Contact: The Bedford ReportEmail Contact