TX Stock Recent News
TX LATEST HEADLINES
Does Ternium S.A. (TX) have what it takes to be a top stock pick for momentum investors?
Ternium S.A. (TX) 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.
TX, RTL, and FIBK made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 26, 2022.
TX, IBEX, AMR, VSH, and ACLS have been added to the Zacks Rank #1 (Strong Buy) List on May 26, 2022.
Ternium S.A. saw dramatic increases in revenue and profits in 2021 with a more than 400% increase in earnings per share compared to 2020. The company's stock pays a significant dividend which can make it look more attractive as interest rates continue to increase.
Ternium S.A. is a Latin American steel manufacturer and processor that mines and supplies steel throughout various markets in the Western hemisphere. Given the company's market positioning and the present inflationary climate, TX is optimally positioned to act as an ideal investment option, with potentially substantial gains.
In this article, I reassess my old buy thesis on Ternium S.A. Q1 2022 financial results were significantly better than the same period before the pandemic.
Ternium is a steel producer focusing on South America and Mexico. The latter accounts for half its revenue. Thanks to the high steel price, the Q1 result was exceptional with a free cash flow in excess of $4 per ADS.