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Two big winners are set up for years of strong cash flow, paying high yields to shareholders.

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.

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.

Ternium steel shipments boomed 28% yoy in Q3 after taking a controlling interest in Brazilian steelmaker Usiminas. The company has expanded market share in Mexico and Brazil and is seeing steel prices bottoming out finally, although the positive impact to net income may not hit until Q124. Ternium consensus revenue estimates for 2024 have been revised upwards by 20% in the past three months.

Ternium S.A. (NYSE:TX ) Q3 2023 Earnings Conference Call November 1, 2023 8:30 AM ET Company Participants Sebastian Marti - Investor Relations Maximo Vedoya - Chief Executive Officer Pablo Brizzio - Chief Financial Officer Conference Call Participants Carlos de Alba - Morgan Stanley Timna Tanners - Wolfe Research Gabriel Simões - Goldman Sachs Rodolfo De Angele - JPMorgan Caio Greiner - BTG Pactual Camilla Barder - Bradesco Operator Thank you for standing by.

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.

With the market facing myriad pressure points – predominantly stubbornly high inflation along with general anxieties about an incoming recession – the bright side is that investors have options regarding the best undervalued value stocks for June. Still, you don't want to just chase deflated entities just because they're down.

Ternium has been hit hard by sliding steel prices, but the company says headwinds could be easing. Ternium's decision to build a $2.2 billion electric arc furnace slab mill in northern Mexico has rattled some investors with respect to the stock's mid-term outlook.

Latin American equities have not enjoyed as much relative strength against the US as some other regions this year. With rallying commodities, namely steel prices, there is fundamental upside potential for Ternium.

Have steel stocks already had their day in the sun?