GGB Stock Recent News
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Gerdau has robust fundamentals, excellent geographical diversification and trades at a forward price-to-earnings of roughly 5 times. The last earnings results showed a retraction in the company's top line due to the slowdown of the American market even though the steel market remains at stable levels.
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.
Gerdau (GGB) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, GGB broke out above the 50-day moving average, suggesting a short-term bullish trend.
From a technical perspective, Gerdau (GGB) is looking like an interesting pick, as it just reached a key level of support. GGB recently overtook the 200-day moving average, and this suggests a long-term bullish trend.
While it's difficult to consider bidding up enterprises in the equities sector during this troubled period, long-term stocks to buy may eventually yield significant rewards for patient investors. True, the banking sector implosions don't do much for confidence.
Gerdau's forward yield now tops 10%. Free cash-flow numbers remain buoyant.
Gerdau (GGB) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
Does Gerdau (GGB) have what it takes to be a top stock pick for momentum investors? Let's find out.
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.
Gerdau (GGB) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.