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.
(Reuters) -Swedish steelmaker SSAB posted a smaller than expected drop in fourth quarter earnings on Wednesday as European prices of the metal picked up towards the end of the year, lifting the company's shares 4%. Europe's steel industry has been suffering from falling demand at home, a stuttering Chinese economy, and Asian rivals flooding the local market with cheaper products. "We saw that spot prices in Europe started to move upwards towards end of the fourth quarter," CEO Martin Lindqvist said on a call with analysts.