|Day Low/High||77.30 / 78.46|
|52 Wk Low/High||26.27 / 67.39|
Japan has cut off supplies of three key chemicals to South Korea, hitting the memory-chip and screen-making industries. The roots of the spat go way back.
With Korean stocks at an all-time high, smart buying of companies with large amounts of treasury or preferred shares provides a play on change at the chaebol.
A weekly close above $55 for PKX should provide a setup for a longer-term move to $80.
Charts show SLX faces a pullback after rallying 50%+ since January.
All things considered, POSCO could rally into the $50 to $55 area in the near term.
August was a month to forget, dragged down by the energy names.
Despite portfolio performance, valuations of most of the stocks appear to be as compelling as ever.
The portfolio is down 13% vs. a 1% advance for the wider market.
Only Chenier Energy was a winner among these 10 names.
A weak March showing isn't catastrophic, but be ready for more pain.
Petrobras is a strong bottom bouncer with $14 actually a possibility.
Posco lowered to Neutral at Credit Suisse. Break in: Credit Suisse is lowering Posco (PKX) to Neutral now.
Cliffs Natural Resources is pointing downward, but two foreign names are setting up nicely.
If you have a steel spine and are willing to go against the grain, consider these two stocks.
Emerging markets are presenting good opportunities for investors willing to do a little digging.
Forget trying to time external market events and focus instead on pricing individual companies.