Michael Gambardella

AK Steel Holding Corporation (NYSE: AKS) has entered into a definitive merger agreement with Cleveland-Cliffs Inc (NYSE: CLF), in which the latter will acquire all the shares of the steelmaker. Cleveland-Cliffs’ proposed acquisition of would likely be approved, with no antitrust opposition or...

President Donald Trump and his administration's tariff on imported steel from all countries except Canada and Mexico emphasizes the bullish case for Century Aluminum Co (NASDAQ: CENX), according to JPMorgan. The Analyst JPMorgan's Michael Gambardella upgraded Century Aluminum's stock...

President Donald Trump unveiled plans for steel and aluminum tariffs Thursday, and several Wall Street analysts weighed in on what the tariffs could mean for the market.  Voices From The Street The tariffs are good news for steel and aluminum stocks, while the exemptions will ease...

The U.S. Department of Commerce's recent ruling against China exporting steel to Vietnam as a stepping stone towards exportation to the U.S. to avoid duties would help support steel prices which bodes well for companies like AK Steel Holding Corporation (NYSE: AKS). The Analyst JPMorgan's...

JPMorgan's analyst Michael Gambardella downgraded Century Aluminum Co (NASDAQ: CENX) from Overweight to Neutral and reduced its price target from $22 to $14.50, citing alumina cost headwinds as the main reason for the downgrade. Alumina prices should ease from peak prices later in 2018, but the...

United States Steel Corporation (NYSE: X) has "brighter days ahead," including a nearly doubling of its stock price, according to analysts at JPMorgan. The firm's Michael Gambardella maintains an Overweight rating on U.S. Steel's stock with a price target boosted from $46 to $51 after the company...

After a strong finish to 2016, United States Steel Corporation (NYSE: X) has been one of the worst stocks in the market this year, plummeting 36.7 percent year-to-date. A large part of the weakness in U.S. Steel shares may be due to investors misunderstanding the company’s investment needs,...

Alcoa Inc (NYSE: AA) shares fell more than 4 percent after the company reported better-than-expected earnings for the first quarter, but missed analysts' sales estimates. The lightweight metals manufacturer posted first-quarter earnings of $0.07 per share ($0.05 above the Street's consensus) on...

In a new report, JPMorgan analyst Michael Gambardella takes a look at the shrinking U.S. price premium on steel versus China. According to the report, the hot-rolled coil (HRC) spread has dipped to only $54/ton, its lowest level in three years. “The main drivers of the narrowing are...

The following represents a hand-picked selection of notable research curated by an analyst known in some circles as "The Sith Overlord Of The Street." Longbow: ‘Great Execution' Supports Owning Western Digital Joe Wittine of Longbow Research maintained a Buy rating on...