AI
Saturday, September 06, 2008 12:10:10 AM
Goldman Sachs downgraded the U.S. steel
sector to "neutral" from "attractive," saying the near-term
concerns continue to weigh on investor sentiment, and
transferred the coverage of the sector to analyst Sal Tharani
from Aldo Mazzaferro.
"Several of the typical risks to the steel cycle such as a
rising US dollar, "China fear" and sharply falling scrap prices, demand from auto industry/housing
have shaken investor confidence in sustainability of steel
cycle," the brokerage said in a note to clients.
http://www.reuters.com/article/marketsNews/idINBNG25801520080904?rpc=44
shippers like DRYS are falling as well
My posting is for my own entertainment, do your own DD before pushing your buy/call button
sector to "neutral" from "attractive," saying the near-term
concerns continue to weigh on investor sentiment, and
transferred the coverage of the sector to analyst Sal Tharani
from Aldo Mazzaferro.
"Several of the typical risks to the steel cycle such as a
rising US dollar, "China fear" and sharply falling scrap prices, demand from auto industry/housing
have shaken investor confidence in sustainability of steel
cycle," the brokerage said in a note to clients.
http://www.reuters.com/article/marketsNews/idINBNG25801520080904?rpc=44
shippers like DRYS are falling as well
My posting is for my own entertainment, do your own DD before pushing your buy/call button
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