TimkenSteel
When putting together our watch list, we focus on stocks with an 80 or higher RS Rating. Timkensteel (TMST) cleared that benchmark with an upgrade to 98.
When looking for the best stocks to buy, one factor to watch closely is relative price strength. This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock’s price performance over the last 52 weeks matches up against other publicly traded companies.
Stocks that go on to make the biggest gains often have an RS rating of at least 90 or better.
Timkensteel is trying to breakout above at 16.05 buy point. We’re watching for elevated RVOL (Relative Volume) at least 2 x normal.
Timkensteel showed 272% EPS surprise in its most recent report with the previous YoY Q1 loss 0f (-0.25/sh) vs. a gain of (+0.43/sh). Revenue grew 5.4% on a year-over-year basis.
The company earns the No. 1 rank among its peers in the Steel-Specialty Alloys industry group. Constellium Se (CSTM) No. 2, Allegheny Technologies (ATI) No. 5 and Universal Stainless (USAP) No. 7 are among the top highly rated stocks within the group.
No.1 Nucor Steel (NUE) closed at the highs of the session on Tuesday. Nucor (NUE) last reported 1st Quarter March 2021 earnings on April 22, 2021, then recording $3.10 per share on revenue of $7.0 billion. The consensus earnings estimate was $3.14 per share on revenue of $7.2 billion. The Earnings Whisper number was $3.13 per share. Revenue grew 24.8% on a year-over-year basis.
Cleveland-Cliffs (CLF) gapped higher on Tuesday.
Nucor manufactures flat rolled steel for the automotive and construction industries.
Cliffs Natural Resources Inc is a mining and natural resources company. The Company is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota.
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Happy Trading,
Vinny
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