Steel stocks are rallying following an after-hours tweet from President Donald Trump on Friday night. The tweet is a followup to a speech in Ohio last Wednesday, when the president promised anti-dumping measures from foreign steelmakers.
Trump told the crowd, "wait till you see what I'm going to do for steel and for your steel companies." AK Steel (AKS) is breaking higher on the tweet, ending a downtrend that's been in force since January. That's giving investors a buy signal to start this week.
Read Full Article: AK Steel Is Breaking Out Thanks to Trump's After-Hours Tweet