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ArcelorMittal (AMSYF)

Other OTC - Other OTC Delayed price. Currency in USD
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32.23-2.24 (-6.50%)
At close: 12:37PM EST
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  • J
    Jonas_K
    This stock could double in 2022. $MT will be debt free this year, dividend will go up, probably a special dividend of 5%, share buybacks,… The management did a good job the last 2-3 years. If they can now invest their earnings the right way this stock will be a home run. Good possibility MT will become a example of sustainability and profitability in the sector.
  • H
    Harrison
    The success behind my profit making & earning in bitcoin investment does not hang on my skills but by the help of an expert.
  • J
    JJ
    Fantastic day
    Congrats to all longs
  • P
    Petur
    Why down so much today??
  • P
    Phat
    38 by ER
  • M
    Mo
    500k block trade (u can see it on the chart)
  • W
    WayneW
    On a quarterly basis, the inventories are building too rapidly; look at quarterly balance sheet from Sept 30, 2021 back to prior quarters. Still bullish but this is an issue.
  • D
    Dennis stocks
    Pretty crazy that MT has earned $4 billion each of the past two quarters, has sold CLF stock, has paid down debt and bought back stock yet the stock remains stuck
  • h
    hepting
    Woah! Check out (http://Themaxgains.tech)! The tips shared there are way better than MT which does absolutely nothing…
  • J
    Jonas_K
    So underrated...
    They've a market cap of $24B, while their combined profit in 2021 and 2022 will be around $24B ($15B + $9B). 2022 is also going to be a good year, lot of infrastructure being build and demand for steel. Even if the steel prices decline they're going to make money. Bought some more shares today, this is at least a $40 stock.
  • Y
    Yahoo Finance Insights
    MT is up 4.93% to 29.56
  • Y
    Yahoo Finance Insights
    MT is up 4.98% to 28.23
  • i
    iaccino
    If you’re a day trader, you should definitely check out (http://trademarketview.tech). They send a watchlist covering the top pre-market movers every day before the open. It’s a great way to pick out potential trades for the day.
  • S
    Sam
    I am planning to enter this one... Can someone explain why this keeps behaving very differently from other steel stocks...?
  • J
    John
    Another solid quarter for MT, but with steel prices falling, the market is declining to reward the company. Operating income rose sequentially from $4.4 B to $5.3 B. EBITDA rose sequentially from $5.1 B to $6.1 B, the highest in 13 years. Net debt dropped from $5 B to $3.9 B. It was $9.5 B at the close of Q1 2020. Revenue rose sequentially despite a slight decline in steel production from $19.3 B to $20.3 B. MT has bought back 112 MM shares this year through the third quarter. The float is now 983 MM shares. The company has pledged another $1 B in buy backs. It projects steel consumption outside of China next yer to rise 12 to 13 percent and it notes that it will enter contracts at Q4 2021 prices for delivery in 2022. Automotive orders may also increase as chip constraints ease and vehicle production recovers. The furnace is stoked to heat up returns in Q4 and into 2022. Many investors, however, won't buy a cyclical stock when prices are declining -- and for good reason. Falling prices spell lower profits and, in a capital intensive industry like MT's, often lead to losses. MT says that this time will be different but the risk-reward balance suggests to many that the downside is greater than the upside. MT's share price could dart into the upper $30s, but now, gentlemen is the time to put your stop loss orders in. Even if MT can sustain its current share price for a while, it can only fight the price cycle for so long.
  • Y
    Yahoo Finance Insights
    MT is up 4.93% to 28.10
  • T
    Terry
    Agree that the price should easily push to 40, steel demand for next two years will be insatiable.
  • M
    Mevrouw
    overbought
  • B
    Bob
    Steel should continue to do well during the early phase of an inflationary economy. Good earnings, steady steel prices and demand should allow this to move higher at least into 2022…..Assuming market bubbles continue to float.
  • Y
    Yahoo Finance Insights
    MTCN is up 4.92% to 69.77