CMC Stock Recent News
CMC LATEST HEADLINES
Commercial Metals Company (CMC) is a vertically integrated manufacturer of steel and reinforcing bars used in infrastructure projects. CMC's sales and earnings have been improving, with a recent bolt-on acquisition adding to its capabilities. Economic headwinds and slower demand in housing markets may lead to further earnings declines, making investors cautious.
The heavy selling pressure might have exhausted for Commercial Metals (CMC) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
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.
Several steel companies are attractive at the moment with their stocks largely outperforming the broader market over the last few years.
The automotive demand recovery, strength in non-residential construction and a recovery in steel prices should enable the Zacks Steel Producers industry to thrive. PKX, CMC and FSTR are set to gain from favorable industry fundamentals.
IRVING, Texas , Sept. 12, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC), in conjunction with its fourth quarter earnings release for fiscal 2023, invites you to listen to its conference call that will be broadcast live over the Internet on Thursday, October 12, 2023, at 11:00 a.m.
Here is how Commercial Metals (CMC) and Universal Stainless & Alloy Products (USAP) have performed compared to their sector so far this year.
Commercial Metals (CMC) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
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.
Bruce Berkowitz (Trades, Portfolio), leader of Fairholme Capital Management, revealed earlier this week he curbed his investment in The St. Joe Co. ( JOE , Financial) by 3.28%.