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2022-01-02 00:00:00
2023-12-16 00:00:00
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2023-05-15
RS
Launched on 05/04/1995, the SPDR S&P MidCap 400 ETF (MDY) is a passively managed exchange traded fund designed to provide a broad exposure to the Mid Cap Blend segment of the US equity market. The fund is sponsored by State Street Global Advisors. It has amassed assets over $18.25 billion, making it one of the larger E...
2023-05-05
RS
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $120.1 million dollar outflow -- that's a 0.2% decrease week over week (from 267,200,000 to 266,700,000). Amo...
2023-05-04
RS
Reliance Steel & Aluminum Co. RS posted profits of $383.1 million or $6.43 per share in the first quarter of 2023, down from $523.3 million or $8.33 per share in the year-ago quarter. Barring one-time items, adjusted earnings were $6.37 per share. The bottom line topped the Zacks Consensus Estimate of $5.70. The com...
2023-04-29
RS
Reliance Steel & Aluminum said on April 25, 2023 that its board of directors declared a regular quarterly dividend of $1.00 per share ($4.00 annualized). Previously, the company paid $1.00 per share. Shares must be purchased before the ex-div date of May 25, 2023 to qualify for the dividend. Shareholders of record as o...
2023-04-28
RS
Fintel reports that on April 28, 2023, Keybanc maintained coverage of Reliance Steel & Aluminum (NYSE:RS) with a Overweight recommendation. Analyst Price Forecast Suggests 7.07% Upside As of April 24, 2023, the average one-year price target for Reliance Steel & Aluminum is 274.64. The forecasts range from a low of 264....
2023-04-28
RS
In recent trading, shares of Reliance Steel & Aluminum Co. (Symbol: RS) have crossed above the average analyst 12-month target price of $251.14, changing hands for $256.49/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their ...
2023-04-27
RS
Reliance Steel (RS) came out with quarterly earnings of $6.37 per share, beating the Zacks Consensus Estimate of $5.70 per share. This compares to earnings of $8.42 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 11.75%. A quarter ago, i...
2023-04-27
RS
(RTTNews) - Reliance Steel & Aluminum (RS) revealed earnings for first quarter that decreased from the same period last year but beat the Street estimates. The company's earnings came in at $383.1 million, or $6.43 per share. This compares with $523.3 million, or $8.33 per share, in last year's first quarter. Excluding...
2023-04-25
RS
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P MIDCAP 400 ETF Trust (Symbol: MDY) where we have detected an approximate $104.9 million dollar inflow -- that's a 0.6% increase week over week in outstanding units (from 41,090,000 ...
2023-04-20
RS
Reliance Steel (RS) closed at $249.50 in the latest trading session, marking a +0.43% move from the prior day. This move outpaced the S&P 500's daily loss of 0.6%. Meanwhile, the Dow lost 0.33%, and the Nasdaq, a tech-heavy index, lost 2.87%. Prior to today's trading, shares of the metals service-center company had gai...
2023-04-20
RS
Reliance Steel & Aluminum Co. RS is scheduled to report first-quarter 2023 results before the opening bell on Apr 27. The company surpassed the Zacks Consensus Estimate for earnings in all of the last four quarters. It delivered a trailing four-quarter earnings surprise of 13.4% on average. It pulled off an earnings s...
2023-04-14
RS
In the latest trading session, Reliance Steel (RS) closed at $245.53, marking a +0.33% move from the previous day. This move outpaced the S&P 500's daily loss of 0.21%. At the same time, the Dow lost 0.42%, and the tech-heavy Nasdaq lost 0.64%. Coming into today, shares of the metals service-center company had lost 0.5...
2023-04-12
RS
There are a few foundational materials that make our world go round, money is not one of them, but it sure does buy them all. Vaclav Smil, a renounced Czech scientist, wrote in his book "How the world really works" that the four pillar basic materials of civilization are Cement, Steel, Plastics, and Ammonia. These four...
2023-04-12
RS
Shares of PPG Industries, Inc. PPG scaled a new 52-week high of $141.26 on Apr 11, before closing the session at $139.30. It sports a Zacks Rank #1 (Strong Buy), currently. You can see the complete list of today’s Zacks Rank #1 stocks here. Over the past year, the stock has gained 8.2% against the 4.9% decline of the...
2023-04-10
RS
Reliance Steel (RS) closed the most recent trading day at $245.95, moving +1.7% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.1%. Meanwhile, the Dow gained 0.3%, and the Nasdaq, a tech-heavy index, lost 2.19%. Coming into today, shares of the metals service-center company had lost ...
2023-04-10
RS
Amyris Inc. AMRS recently announced the completion of the earlier announced strategic transaction with Givaudan SA for the worldwide exclusive licensing of certain cosmetic ingredients, including Neossance Squalane, Neossance Hemisqualane and CleanScreen. The terms of the agreement include a $200 million up-front cash...
2023-04-06
RS
Reliance Steel & Aluminum Co.’s RS shares have shot up 36.9% over the past six months. The company has also outperformed its industry’s rise of 26% over the same time frame. It has also topped the S&P 500’s roughly 8.4% rise over the same period. Let’s take a look into the factors that are driving this Zacks Rank #1 (S...
2023-04-06
RS
Agnico Eagle Mines Limited AEM recently announced the completion of the earlier announced plan of arrangement under which it acquired certain subsidiaries and partnerships holding Yamana Gold Inc.'s interests in its Canadian assets, including the Canadian Malartic mine. Pan American Silver Corp. acquired all of Yamana'...
2023-04-06
RS
If you're interested in broad exposure to the Mid Cap Value segment of the US equity market, look no further than the Vanguard S&P Mid-Cap 400 Value ETF (IVOV), a passively managed exchange traded fund launched on 09/09/2010. The fund is sponsored by Vanguard. It has amassed assets over $791.62 million, making it one o...
2023-03-30
RS
Below is Validea's guru fundamental report for RELIANCE STEEL & ALUMINUM CO (RS). Of the 22 guru strategies we follow, RS rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum. RELIANCE...
2023-03-30
RS
For Immediate Release Chicago, IL – March 30, 2023 – Stocks in this week’s article are Playa Hotels & Resorts N.V. PLYA, Reliance Steel & Aluminum Co. RS, Tecnoglass TGLS, Par Pacific Holdings, Inc. PARR and Betterware de Mexico S.A.P.I. de C.V. BWMX. 5 Best Investment Opportunities Using Relative Price Strength As we ...
2023-03-30
RS
For Immediate Release Chicago, IL – March 30, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Avis Budget Group Inc. CAR, ...
2023-03-29
RS
We are approaching the end of first-quarter 2023. Severe volatility that hit U.S. stock markets in early 2022, continued till the first three months of this year. The inflation rate remained highly elevated despite declining from its peak in June 2022. In its March FOMC meeting, the Fed raised the benchmark interest ...
2023-03-29
RS
As we close out the first quarter of 2023, the U.S. stock markets are desperately trying to defy the banking sector turmoil across the globe and the threat of a recession. Moreover, with inflation appearing to be more stubborn than previously expected, the Federal Reserve stuck to its plot and raised interest rates by ...
2023-03-28
RS
Reliance Steel (RS) closed at $256.26 in the latest trading session, marking a +0.03% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.16%. At the same time, the Dow lost 0.12%, and the tech-heavy Nasdaq lost 3.64%. Heading into today, shares of the metals service-center company had gained 4.62...
2023-03-28
RS
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Portfolio S&P 400 Mid Cap ETF (Symbol: SPMD) where we have detected an approximate $129.5 million dollar outflow -- that's a 2.2% decrease week over week (from 138,600,000 to 135,550,00...
2023-03-27
RS
Reliance Steel & Aluminum Co. RS is benefiting from acquisitions, and robust demand in non-residential construction and a majority of its end markets. It is also seeing strong demand in automotive and a rebound in commercial aerospace and energy. In 2023, the company is expected to benefit from healthy demand in the m...
2023-03-22
RS
In the latest trading session, Reliance Steel (RS) closed at $247.51, marking a -1.21% move from the previous day. This change was narrower than the S&P 500's 1.65% loss on the day. Meanwhile, the Dow lost 1.63%, and the Nasdaq, a tech-heavy index, lost 6.65%. Prior to today's trading, shares of the metals service-cent...
2023-03-22
RS
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Reliance Steel (RS) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we migh...
2023-03-22
RS
Reliance Steel & Aluminum Co. RS benefits from healthy demand across its major end-use markets, a diversified product base and strategic acquisitions. We are optimistic about its prospects and believe that the time is right to add the stock to the portfolio as it looks poised to carry the momentum ahead. Reliance Ste...
2023-03-21
RS
Commercial Metals Company CMC announced that it acquired Tendon Systems, LLC, a provider of post-tensioning, barrier cable and concrete restoration solutions. Based in the Southeastern United States, Tendon generated a revenue of about $60 million in 2022. A broad range of construction types, including multifamily hou...
2023-03-21
RS
First Majestic Silver Corp. AG announced its decision to temporarily suspend all mining operations and lower its workforce at Jerritt Canyon Mine (which generated about 21% of AG's 2022 revenues). The decision to halt mining activities at the mine is in sync with the company’s aim to produce profitable ounces across al...
2023-03-20
RS
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Portfolio S&P 400 Mid Cap ETF (Symbol: SPMD) where we have detected an approximate $106.3 million dollar inflow -- that's a 1.9% increase week over week in outstanding units (from 136,0...
2023-03-16
RS
In the latest trading session, Reliance Steel (RS) closed at $245.96, marking a +1.63% move from the previous day. The stock lagged the S&P 500's daily gain of 1.76%. Elsewhere, the Dow gained 1.17%, while the tech-heavy Nasdaq added 3.03%. Heading into today, shares of the metals service-center company had gained 3.67...
2023-03-16
RS
Franco-Nevada Corporation FNV reported adjusted earnings of 86 cents per share in fourth-quarter 2022, in line with the prior-year quarter. The bottom line surpassed the Zacks Consensus Estimate of 85 cents. The company generated revenues of $320 million in the reported quarter, marking a year-over-year decline of 2.4...
2023-03-14
RS
Reliance Steel & Aluminum Co.’s RS shares have popped 24.3% over the past three months. The company has also outperformed its industry’s rise of 18.2% over the same time frame. It has also topped the S&P 500’s roughly 3.9% decline over the same period. Let’s take a look into the factors that are driving this Zacks Ran...
2023-03-13
RS
How much a stock's price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well. FOMO, or the fear of missing out, also plays a role in investing, particularly with tech gian...
2023-03-10
RS
Reliance Steel (RS) closed at $249.63 in the latest trading session, marking a -1.74% move from the prior day. This change lagged the S&P 500's daily loss of 1.45%. Meanwhile, the Dow lost 1.07%, and the Nasdaq, a tech-heavy index, lost 3.06%. Heading into today, shares of the metals service-center company had gained 1...
2023-03-10
RS
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $617.3 million dollar inflow -- that's a 0.9% increase week over week in outstanding units (from 263,900,000 ...
2023-03-08
RS
Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 6.21MM shares of Reliance Steel & Aluminum Co (RS). This represents 10.6% of the company. In their previous filing dated January 24, 2023 they reported 5.64MM shares and 9.60% of the company, an increase in shares of 10.10% and an...
2023-03-06
RS
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Reliance Steel (RS) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's ye...
2023-03-03
RS
In the latest trading session, Reliance Steel (RS) closed at $263.48, marking a +1.27% move from the previous day. This move lagged the S&P 500's daily gain of 1.62%. Meanwhile, the Dow gained 1.17%, and the Nasdaq, a tech-heavy index, added 12.91%. Prior to today's trading, shares of the metals service-center company ...
2023-03-03
RS
Endeavour Silver Corporation EXK reported earnings per share of 4 cents for fourth-quarter 2022, surpassing the Zacks Consensus Estimate of break-even earnings. This was attributed to increased silver sales throughout the quarter. EXK had reported break-even earnings in the fourth quarter of 2021. Endeavour Silver’s r...
2023-03-02
RS
Below is Validea's guru fundamental report for RELIANCE STEEL & ALUMINUM CO (RS). Of the 22 guru strategies we follow, RS rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum. RELIANCE...
2023-03-02
RS
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $130.1 million dollar inflow -- that's a 0.2% increase week over week in outstanding units (from 263,400,000 ...
2023-03-01
RS
Veritiv Corporation VRTV reported earnings per share of $5.20 in fourth-quarter 2022, reflecting a 42% improvement from the year-ago quarter. However, the bottom line missed the Zacks Consensus Estimate of $5.44 per share. Including one-time items, the company reported earnings per share of $5.31 compared with the pri...
2023-02-28
RS
First Majestic Silver Corp AG reported an adjusted loss per share of 7 cents in fourth-quarter 2022, which was wider than the Zacks Consensus Estimate of a loss of 4 cents mainly due to lower prices. The company had reported earnings of 2 cents per share in the year-ago quarter. Including one-time items, the company ...
2023-02-24
RS
B2Gold Corp. BTG reported adjusted earnings per share (EPS) of 11 cents for fourth-quarter 2022, missing the Zacks Consensus Estimate of 14 cents. The bottom line was flat year over year. Including one-time items, the company reported earnings of 15 cents per share compared with the prior-year quarter’s 13 cents. B2G...
2023-02-23
RS
In 2022, headwinds weighed on lofty large cap U.S. stock index valuations. Our Chief Equity Strategist and Economist, John Blank, is here now to talk more about that and give us an update on “Fair Value”. 1. What were those major headwinds? 2. Are they still in play? 3. Are stock traders looking over those headwinds? 4...
2023-02-23
RS
Teck Resources Ltd TECK reported fourth-quarter 2022 adjusted earnings per share (EPS) of 79 cents, missing the Zacks Consensus Estimate of 96 cents. The bottom line plunged 61% from the prior-year quarter. The downside was due to lower prices for all of TECK’s principal products, steelmaking coal sales volumes and low...
2023-02-23
RS
For most investors, how much a stock's price changes over time is important. Not only can it impact your investment portfolio, but it can also help you compare investment results across sectors and industries. Another thing that can drive investing is the fear of missing out, or FOMO. This particularly applies to tech ...
2023-02-22
RS
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $194.6 million dollar outflow -- that's a 0.3% decrease week over week (from 264,150,000 to 263,400,000). Amo...
2023-02-22
RS
Compañía de Minas Buenaventura S.A.A. BVN came out with its fourth-quarter and 2022 production and volume sold. The company also provided the production outlook for 2023 for its operating mines. Production at Tambomayo, Orcopampa, Coimolache and Julcani mines in 2022 came in line with the company’s latest guidance, wh...
2023-02-22
RS
The following are today's upgrades for Validea's Small-Cap Growth Investor model based on the published strategy of Motley Fool. This strategy looks for small cap growth stocks with solid fundamentals and strong price performance. MACAU CAPITAL INVESTMENTS INC (MCBC) is a small-cap value stock in the Money Center Banks...
2023-02-21
RS
BHP Group BHP reported underlying attributable profit from continuing operations of $6.6 billion in the first half of fiscal 2023 (ended Dec 31, 2022). The figure indicated a year-over-year slump of 32% mainly due to lower iron ore and copper prices as well as inflated costs (particularly diesel), somewhat offset by hi...
2023-02-21
RS
BHP Group BHP reported underlying attributable profit from continuing operations of $6.6 billion in the first half of fiscal 2023 (ended Dec 31, 2022). The figure indicated a year-over-year slump of 32% mainly due to lower iron ore and copper prices as well as inflated costs (particularly diesel), somewhat offset by hi...
2023-02-21
RS
Mercer International MERC reported earnings per share of 30 cents per share in fourth-quarter 2022, which missed the Zacks Consensus Estimate of 49 cents. The bottom-line figure indicated a 73% decline from the prior year due to lower sales volumes and lumber sales realizations, and higher fiber costs. Earnings also re...
2023-02-21
RS
Mercer International MERC reported earnings per share of 30 cents per share in fourth-quarter 2022, which missed the Zacks Consensus Estimate of 49 cents. The bottom-line figure indicated a 73% decline from the prior year due to lower sales volumes and lumber sales realizations, and higher fiber costs. Earnings also re...
2023-02-21
RS
Reliance Steel & Aluminum Co. (Symbol: RS) has been named as a Top 5 dividend paying metals and mining stock, according to Dividend Channel, which published its weekly ''DividendRank'' report. The report noted that among metals and mining companies, RS shares displayed both attractive valuation metrics and strong profi...
2023-02-21
RS
Reliance Steel & Aluminum Co. RS posted profits of $350.5 million or $5.88 per share in the fourth quarter of 2022 compared with $421.3 million or $6.64 per share in the year-ago quarter. Barring one-time items, adjusted earnings were $5.87 per share. It topped the Zacks Consensus Estimate of $4.47. The company reco...
2023-02-20
RS
Vale S.A. VALE reported fourth-quarter 2022 adjusted earnings per share of 82 cents, which beat the Zacks Consensus Estimate of 63 cents. The company had reported earnings per share of $1.42 in the year-ago quarter. Lower iron ore prices mainly led to the drop in earnings. Including one-time items, the company had rep...
2023-02-20
RS
Shares of Reliance Steel (RS) have been strong performers lately, with the stock up 14.9% over the past month. The stock hit a new 52-week high of $248.77 in the previous session. Reliance Steel has gained 22.5% since the start of the year compared to the 8% move for the Zacks Industrial Products sector and the 15.1% r...
2023-02-17
RS
There have been quite a few stocks out of the Zacks Industrial Products and Oils & Energy sectors that have outperformed the broader market over the last few years amid inflationary concerns. Many of these equities can benefit from higher commodity prices in correlation with rising inflation and act as a defensive hedg...
2023-02-16
RS
Royal Gold, Inc. RGLD reported adjusted earnings per share (EPS) of 91 cents in the fourth quarter of 2022, beating the Zacks Consensus Estimate of 83 cents. The bottom line declined 13% year over year due to lower revenues and higher interest expenses. Including one-time items, the company reported EPS of 86 cents co...
2023-02-16
RS
(RTTNews) - Reliance Steel & Aluminum Co. (RS) Thursday reported profit of $350.5 million or $5.88 per share in the fourth quarter, lower than $421.3 million or $6.64 per share in the same quarter a year ago. Excluding one-time items, earnings were $5.87 per share, that beat the average estimate of analysts polled by T...
2023-02-16
RS
(RTTNews) - Reliance Steel & Aluminum (RS) released a profit for fourth quarter that decreased from last year but beat the Street estimates. The company's bottom line came in at $350.5 million, or $5.88 per share. This compares with $421.3 million, or $6.64 per share, in last year's fourth quarter. Excluding items, Rel...
2023-02-15
RS
The following companies are expected to report earnings prior to market open on 02/16/2023. Visit our Earnings Calendar for a full list of expected earnings releases. Southern Company (SO)is reporting for the quarter ending December 31, 2022. The electric power utilities company's consensus earnings per share forecast...
2023-02-15
RS
The Andersons, Inc. ANDE reported adjusted earnings per share (EPS) of 98 cents in fourth-quarter 2022, marking a year-over-year fall of 14%. However, the bottom line surpassed the Zacks Consensus Estimate of 40 cents. Including one-time items, the company reported EPS of 44 cents in the quarter compared with the pri...
2023-02-15
RS
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Has O-I Glass (OI) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out. O-I Glass is one of 219 individual stocks in the Industrial...
2023-02-15
RS
Reliance Steel & Aluminum Co. RS is scheduled to report fourth-quarter 2022 results before the opening bell on Feb 16. The company surpassed Zacks Consensus Estimate for earnings in all of the last four quarters. It delivered a trailing four-quarter earnings surprise of around 13.6% on average. It pulled off an earnin...
2023-02-14
RS
Energy Fuels Inc. UUUU announced the acquisition of 17 mineral concessions at Prado and Caravelas in Bahia, Brazil. The Bahia Project acquisition is part of Energy Fuels’ initiatives to establish a large and diverse book of monazite concentrate supply for its rapidly expanding rare earth element (REE) processing busine...
2023-02-14
RS
B2Gold Corp. BTG announced that it entered an agreement to acquire Sabina Gold & Silver Corp in a deal valued at C$1.1 billion ($820 million). The agreement will give B2Gold its first mining assets in Canada. In exchange for each Sabina share, B2Gold is offering 0.3867 of its share, valued at C$1.87 per share based on...
2023-02-13
RS
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $157.9 million dollar outflow -- that's a 0.2% decrease week over week (from 264,600,000 to 264,000,000). Amo...
2023-02-09
RS
Fintel reports that Vanguard Group has filed a 13G/A form with the SEC disclosing ownership of 7.34MM shares of Reliance Steel & Aluminum Co (RS). This represents 12.5% of the company. In their previous filing dated February 10, 2022 they reported 7.46MM shares and 11.90% of the company, a decrease in shares of 1.57% a...
2023-02-08
RS
Reliance Steel (RS) closed at $231.33 in the latest trading session, marking a -0.54% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.11%. At the same time, the Dow lost 0.61%, and the tech-heavy Nasdaq lost 2.13%. Coming into today, shares of the metals service-center company had gai...
2023-02-06
RS
While many commodity stocks have pulled back off the highs from last year, the bullish run for steel stocks remains well intact. In fact, as we’ll see, this group has recently broken out and is one of the areas leading the way in 2023. Some investors may feel conservative about investing in a stock that is trading near...
2023-02-06
RS
For Immediate Release Chicago, IL – February 6, 2023 – Zacks Equity Research shares SoundHound SOUN as the Bull of the Day and Century Communities CCS as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Swatch Group AG SWGAY, Reliance Steel & Aluminum Co RS and National Grid Transco NGG. Her...
2023-02-03
RS
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $271.7 million dollar inflow -- that's a 0.4% increase week over week in outstanding units (from 263,500,000 ...
2023-02-02
RS
Shares of Reliance Steel (RS) have been strong performers lately, with the stock up 12.7% over the past month. The stock hit a new 52-week high of $232.92 in the previous session. Reliance Steel has gained 14.3% since the start of the year compared to the 7.5% move for the Zacks Industrial Products sector and the 17.3%...
2023-01-30
RS
In the latest trading session, Reliance Steel (RS) closed at $222.25, marking a -1.96% move from the previous day. This change lagged the S&P 500's daily loss of 1.3%. Elsewhere, the Dow lost 0.77%, while the tech-heavy Nasdaq lost 5.51%. Coming into today, shares of the metals service-center company had gained 11.98% ...
2023-01-27
RS
Carpenter Technology CRS reported adjusted earnings of 13 cents per share in second-quarter fiscal 2023, beating the Zacks Consensus Estimate of 12 cents. The company had reported an adjusted loss per share of 58 cents in the year-ago quarter. Including one-time items, the company posted earnings per share of 13 cents ...
2023-01-27
RS
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has MRC Global (MRC) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out. MRC Global is one of 220 companies in ...
2023-01-24
RS
In the latest trading session, Reliance Steel (RS) closed at $215.79, marking a -0.24% move from the previous day. This change lagged the S&P 500's daily loss of 0.07%. At the same time, the Dow added 0.31%, and the tech-heavy Nasdaq lost 3.22%. Heading into today, shares of the metals service-center company had gained...
2023-01-24
RS
Fintel reports that BlackRock Inc. has filed a 13G/A form with the SEC disclosing ownership of 5,638,056 shares of Reliance Steel & Aluminum Co (RS). This represents 9.6% of the company. In their previous filing dated April 8, 2022 they reported 6,370,754 shares and 10.30% of the company, a decrease in shares of 11.50%...
2023-01-23
RS
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. Of these, perhaps no stock market trend is more popular ...
2023-01-22
RS
The following are the top rated Basic Materials stocks according to Validea's Low PE Investor model based on the published strategy of John Neff. This strategy looks for firms with persistent earnings growth that trade at a discount relative to their earnings growth and dividend yield. BERRY GLOBAL GROUP INC (BERY) is ...
2023-01-22
RS
The following are the top rated Basic Materials stocks according to Validea's Price/Sales Investor model based on the published strategy of Kenneth Fisher. This value strategy rewards stocks with low P/S ratios, long-term profit growth, strong free cash flow and consistent profit margins. ADVANSIX INC (ASIX) is a small...
2023-01-22
RS
The following are the top rated Basic Materials stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields. MUELLER INDUSTRIES INC (MLI) is a mid-cap value stock in the Misc. Fabrica...
2023-01-20
RS
First Majestic Silver Corp. AG announced that its total production reached 7.6 million silver equivalent ("AgEq") ounces in the fourth quarter of 2022. The figure consists of 2.4 million silver ounces and 63,039 gold ounces. On a year-over-year basis, silver production was down 29%, whereas gold production decreased 6....
2023-01-19
RS
B2Gold Corp. BTG announced its total consolidated gold production for fourth-quarter 2022 at 367,870 ounces, including 15,101 ounces of attributable production from Calibre Mining Corp. This compares to fourth-quarter 2021 total consolidated gold production of 304,897 ounces. Consolidated gold revenues in fourth-quarte...
2023-01-18
RS
Reliance Steel (RS) closed the most recent trading day at $210.69, moving -1.56% from the previous trading session. This move traded in line with S&P 500. At the same time, the Dow lost 1.81%, and the tech-heavy Nasdaq lost 4.66%. Heading into today, shares of the metals service-center company had gained 5.58% over the...
2023-01-18
RS
Reliance Steel & Aluminum Co. RS is gaining from demand strength across its major end-use markets, a diversified product base and strategic acquisitions. We are optimistic about its prospects and believe that the time is right to add the stock to the portfolio as it looks poised to carry the momentum ahead. Reliance ...
2023-01-17
RS
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Reliance Steel (RS), which belongs to the Zacks Metal Products - Distribution industry. This metals service-center company has seen a nice streak of beating earnings est...
2023-01-17
RS
Sandstorm Gold Ltd. SAND announced preliminary record gold equivalent ounces (GEOs) sold and revenues for 2022. The company sold nearly 21,800 attributable GEOs in fourth-quarter 2022. This marks a 31.4% increase from the 16,586 ounces of GEOs sold in fourth-quarter 2021. The company generated preliminary revenues of $...
2023-01-16
RS
Shares of Reliance Steel (RS) have been strong performers lately, with the stock up 7.8% over the past month. The stock hit a new 52-week high of $217.28 in the previous session. Reliance Steel has gained 7.1% since the start of the year compared to the -6.2% move for the Zacks Industrial Products sector and the 0.8% r...
2023-01-16
RS
Teck Resources Ltd. TECK provided an update on its fourth-quarter 2022 steelmaking coal sales volumes and realized prices. TECKs’ steelmaking coal sales were 4.3 million tons in the December-end quarter, lower than the 5.1 million reported in the year-ago quarter. The figure also came below the company’s guidance betwe...
2023-01-10
RS
Reliance Steel (RS) closed the most recent trading day at $209.71, moving +1.95% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.7%. Meanwhile, the Dow gained 0.56%, and the Nasdaq, a tech-heavy index, added 7.5%. Prior to today's trading, shares of the metals service-center company ...
2023-01-10
RS
Commercial Metals Company CMC reported adjusted earnings per share (EPS) of $2.24 for first-quarter fiscal 2023 (ended Nov 30, 2022), beating the Zacks Consensus Estimate of $1.99. The bottom line rose 38.3% from the prior-year quarter’s earnings per share of $1.62. Including one-time items, CMC logged an EPS of $2.20 ...
2023-01-05
RS
Southern Copper Corporation SCCO is poised well for growth, backed by its industry-leading copper reserves, focus on increasing low-cost production and investment in expansion projects. Even though the recent downtrend in copper prices is concerning, prices will eventually pick up due to the strong demand for the metal...
2023-01-05
RS
Olympic Steel Inc. ZEUS announced that it acquired the venting and filtration product manufacturer, Metal-Fab, Inc. The acquisition will aid Olympic Steel’s strategy to diversify and grow in higher-return products and services. With the acquisition, ZEUS will broaden its product offerings, manufacturing capabilities an...