In Jim Cramer's column today (Monday), he looked at two steel names. He wrote that "there's opportunity here if you really believe. Despite the decline of U.S. Steel (X) , Nucor (NUE) has a 3% yield and plenty of business, a potential bargain at $49, a 21 P/E, down 12% for the year. There's been some movement in steel for autos, not much else. We will find out this week; the company reports on October 22. Remember, though, the company gives updates intra-quarter so don't expect a surprise."
More from Investing
Here's what I found most positive about the market as the week closed out.
I like to identify a chart or two with a nice setup into the next week, and OB falls into that category.
AdvisorShares Psychedelics ETF, which is adding Mindset Pharma and lists Cybin as a top holding, looks like a good trip.