One company that should be on your radar is
Olympic Steel Inc.
). The stock of this steel production company that specializes in
the processing and distribution of metal products primarily in the
United States, Puerto Rico, and Mexico, has seen its Zacks Rank
surge over the past four weeks, moving from Strong Sell territory
to its current position as a Buy.
A key reason for this move has been the positive trend in the
earnings estimate revisions picture. For ZEUS' full year estimate,
we have seen 1 estimate go higher in the past 30 days, with no
downward revision over the same time frame. Nonetheless, the trend
has helped the consensus estimate to trend higher, increasing from
92 cents per share a month ago to its current level of 93 cents.
This positive shift in estimates has made some investors take
notice and buy the stock. In fact, ZEUS has seen some pretty solid
trading lately, as the company has moved higher by 12.5% in the
If Olympic Steel can keep up this great momentum on the earnings
estimate front and continue to impress analysts, we could see more
gains ahead for this company, suggesting that you might want to put
ZEUS on your watch list for the future.
Other top-ranked stocks worth considering in this space include
Companhia Siderurgica Nacional
AK Steel Holding Corporation
). ArcelorMittal and Companhia Siderurgica carry a
Zacks Rank #1 (Strong Buy), while CBIZ carries a Zacks Rank #2
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