Timna Tanners

The 2021 surge in steel prices has once again prompted Bank of America to raise its earnings outlook for U.S. steel stocks. EPS Adjustments: On Wednesday, Bank of America analyst Timna Tanners raised her 2021 and 2022 EPS estimates for steel stocks across the board and is now expecting significant...

Record U.S. steel prices have steel stocks soaring, but Bank of America analyst Timna Tanners said Wednesday the steel stock party won’t last forever. Tanners recently did a deep dive on past steel price peaks and found a history of sharp drops in steel prices and stocks. History Lesson...

U.S. steel prices remain at record highs. One analyst says investors shouldn’t fight the trend and upgraded two steel stocks. The Analyst: Bank of America analyst Timna Tanners upgraded Steel Dynamics, Inc. (NYSE: STLD) from Neutral to Buy and raised her price target from $49 to $61. Tanners...

U.S. hot-rolled coil steel prices recently hit all-time highs of $1,300 per short ton. Bank of America analyst Timna Tanners said Wednesday that record prices will generate huge profits for steel mills in the first half of 2021. Heading into first-quarter earnings season, Tanners said investors...

United States Steel Corporation (NYSE: X) guided to Q1 EBITDA above the consensus estimate, but two-thirds of its sales are on contract, which limits near-term upside potential from record high hot rolled coil (HRC) prices, according to BofA Securities. The US Steel Analyst: Timna Tanners...

The U.S. steel industry is leading the world in turning its business green. In a note out on Friday, Bank of America analyst Timna Tanners said U.S. steel producers like United States Steel Corporation (NYSE: X), Commercial Metals Company (NYSE: CMC) and Steel Dynamics, Inc. (NASDAQ: STLD) already...

On Monday, ArcelorMittal SA (NYSE: MT) announced the sale of nearly all of its U.S. steel-making assets to Cleveland-Cliffs Inc (NYSE: CLF) for $1.4 billion. The deal will make Cleveland-Cliffs the largest U.S. blast furnace operator and auto sheet supplier and will have a major impact on the...

Alcoa Corp (NYSE: AA) seems poised for an earnings beat in the back half of the year given an improved aluminum outlook, according to BofA Securities. The Alcoa Analyst: Timna Tanners upgraded Alcoa from Neutral to Buy and raised the price target from $14 to $17. The Alcoa Thesis: Aluminum...

U.S. steel stocks have had a tough run under President Donald Trump, but Bank of America analyst Timna Tanners says things might not get much better for steel stocks if presumptive Democratic nominee Joe Biden wins the White House in November. Biden now has a 20-point lead over Trump,...

United States Steel Corporation (NYSE: X) shares dropped 9% on Wednesday after the company provided mid-quarter guidance that reminded investors of its liquidity challenges. On Wednesday, Bank of America analyst Timna Tanners cut her 2020 U.S. Steel revenue and earnings forecast and said she's...

Infrastructure stocks traded higher this week on reports that the Trump administration is preparing a $1 trillion infrastructure investment stimulus bill. Bank of America analyst Timna Tanners said it’s unlikely the bill will successfully make its way through Congress in an election year...

United States Steel Corporation (NYSE: X) shares dropped another 5% on Monday to under $5.50, but one analyst said the stock still has nearly 50% downside remaining. The US Steel Analyst Bank of America analyst Timna Tanners reiterated her Underperform rating for U.S. Steel and cut her price target...

The COVID-19 virus outbreak has certainly made investors uneasy, and the idea of a deadly global pandemic is cause for concern. One traditional safety trade for investors is to buy gold or gold mining stocks. The SPDR Gold Trust (NYSE: GLD) is up 3.8% so far in 2020, but the VanEck Vectors Gold...

Freeport-McMoRan Inc (NYSE: FCX) has completed another “transition year” in the move to underground mining at its giant Grasberg mine in Indonesia and this key asset seems poised for full contribution both for copper and gold production, according to Bank of America. The Analyst BofA...