NEW YORK, November 30, 2016 /PRNewswire/ --
Stock-Callers.com revisits the Basic Materials sector with focus on these four equities: ArcelorMittal (NYSE: MT), United States Steel Corp. (NYSE: X), Amyris Inc. (NASDAQ: AMRS), and LyondellBasell Industries N.V. (NYSE: LYB). On November 10, 2016, Charles Schwab has reiterated its "Market Perform" rating on the sector due to a more positive U.S. economic picture and a slightly improving European economy. The research firm, however, noted some negative factors for the sector such as increased labor costs and reduced demand for Chinese commodities. Learn more about these stocks by downloading their free research reports in PDF format at:
Luxembourg headquartered ArcelorMittal's shares saw a drop of 1.19% and finished Tuesday's trading session at $7.47. A total volume of 30.27 million shares was traded, which was above their three months average volume of 17.86 million shares. The stock has advanced 13.70% in the past month, 25.34% in the previous three months, and 77.01% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 14.00% and 35.07%, respectively. Moreover, shares of ArcelorMittal, which together with its subsidiaries, operates as an integrated steel and mining company worldwide, have a Relative Strength Index (RSI) of 62.60.
On November 17th, 2016, ArcelorMittal, Evonik, LafargeHolcim, and Solvay announced the formation of a new Low Carbon Technology Partnerships Initiative across the steel, cement, and chemicals industries. This new partnership will look at the potential synergies that exist between the manufacturing processes of these three energy intensive sectors, and how these synergies could be harnessed to reducing CO2 emissions.
On November 25th, 2016, research firm RBC Capital Markets upgraded the Company's stock rating from 'Sector Perform' to 'Outperform'. Sign up and read the free research report on MT at:
United States Steel
On Tuesday, shares in Pittsburgh, Pennsylvania headquartered United States Steel Corp. recorded a trading volume of 25.77 million shares, which was higher than their three months average volume of 18.89 million shares. The stock ended the session 3.14% lower at $31.16. The Company's shares have surged 61.76% in the last one month, 60.10% over the previous three months, and 295.75% since the start of this year. The stock is trading 46.67% and 70.41% above its 50-day and 200-day moving averages, respectively. Furthermore, shares of United States Steel, which produces and sells flat-rolled and tubular steel products in North America and Europe, have an RSI of 72.05.
On November 01st, 2016, United States Steel announced that it has agreed to proposed terms with Bedrock Industries Group LLC regarding the sale and transition of ownership of U.S. Steel Canada, Inc. to Bedrock. The transaction is subject to satisfactory completion of customary definitive documentation and requisite court and other approvals.
Yesterday, research firm Argus downgraded the Company's stock rating from 'Buy' to 'Hold'. The complimentary research report on X can be downloaded at:
Shares in Emeryville, California headquartered Amyris Inc. closed the day at $0.90, dropping 6.45%. The stock recorded a trading volume of 3.53 million shares. The Company's shares have gained 119.05% in the previous three months. The stock is trading 15.02% above its 50-day moving average and 19.42% above its 200-day moving average. Additionally, shares of Amyris, which provides various alternatives to a range of petroleum-sourced products worldwide, have an RSI of 57.70.
On November 16th, 2016, Amyris announced that just months after initiating a collaboration with one of the world's leading pharmaceutical companies, it has successfully achieved the first milestone under the agreement. This milestone resulted in the creation of a robust, sensitive activity assay for an oncology target in a live yeast strain. This high-throughput assay enables screening for chemical diversity found in nature using Amyris' proprietary µPharm™ platform, with the potential to provide previously inaccessible molecule targets. Register for free on Stock-Callers.com and access the latest report on AMRS at:
At the closing bell yesterday, shares in London, UK-based LyondellBasell Industries N.V. ended 2.17% lower at $83.72. A total volume of 4.25 million shares was traded, which was above their three months average volume of 3.11 million shares. The stock has advanced 5.32% in the last one month and 5.77% in the previous three months. The Company's shares are trading above their 50-day and 200-day moving averages by 4.51% and 5.21%, respectively. Furthermore, shares of LyondellBasell Industries, which operates as a manufacturer of chemicals and polymers, refiner of crude oil, producer of gasoline blending components, and developer and licensor of technologies for production of polymers, have an RSI of 56.81.
On November 18th, 2016, LyondellBasell announced that its Supervisory Board has authorized its Management Board to declare an interim dividend of $0.85 per share. The dividend will be paid December 13th, 2016 to shareholders of record November 29th, 2016. Get free access to your research report on LYB at:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA