NEW YORK, October 21, 2016 /PRNewswire/ --
On Thursday, the major US indices were flirting back with the bears as the NASDAQ Composite, the Dow Jones Industrial Average, and the S&P 500 all closed down for the day. The US markets were mainly in the red with six out of nine sectors ending yesterday's trading session in negative. With this, Stock-Callers.com reviews the following basic materials stocks: ArcelorMittal (NYSE: MT), United States Steel Corporation (NYSE: X), Nevsun Resources Ltd (NYSE MKT: NSU), and Western Gas Equity Partners L.P. (NYSE: WGP). You can access of our complimentary research reports on these stocks now at:
http://stock-callers.com/registration
ArcelorMittal
On Thursday, shares in Luxembourg headquartered ArcelorMittal recorded a trading volume of 17.42 million shares, which was higher than their three months average volume of 17.19 million shares. The stock ended the day 0.77% higher at $6.53. ArcelorMittal's stock has gained 13.57% in the last one month, 14.36% in the previous three months and 10.87% in the past one year. The company is trading above its 50-day and 200-day moving averages by 7.16% and 28.64%, respectively. Furthermore, shares of ArcelorMittal, which together with its subsidiaries, operates as an integrated steel and mining company worldwide, have a Relative Strength Index (RSI) of 61.13.
On October 13th, 2016, research firm Goldman downgraded the Company's stock rating from 'Buy' to 'Neutral'. Visit us today and download your complete report on MT for free at:
http://stock-callers.com/registration/?symbol=MT
United States Steel
Pittsburgh, Pennsylvania headquartered United States Steel Corp.'s stock finished Thursday's session 5.30% higher at $19.46 with a total volume of 40.54 million shares traded. Over the last one month and the previous one year, United States Steel's shares have gained 8.72% and 82.20%, respectively. Shares of the Company, which produces and sells flat-rolled and tubular steel products in North America and Europe, are trading above its 50-day and 200-day moving averages by 3.20% and 21.33%, respectively. United States Steel's stock has an RSI of 59.00. The complimentary research report on X can be accessed at:
http://stock-callers.com/registration/?symbol=X
Nevsun Resources
Vancouver, Canada headquartered Nevsun Resources Ltd's stock declined 1.02%, to close the day at $2.92. The stock recorded a trading volume of 435,207 shares. Shares of Nevsun Resources, which engages in the acquisition, exploration, development, and operation of mineral properties in Africa, have advanced 0.96% in the last three months. The Company's shares are trading 4.87% and 4.72% below its 50-day and 200-day moving averages, respectively. Additionally, the stock traded at a PE ratio of 33.56 and has an RSI of 47.84. Register for free on Stock-Callers.com and download the PDF research report on NSU at:
http://stock-callers.com/registration/?symbol=NSU
Western Gas Equity Partners
On Thursday, shares in The Woodlands, Texas headquartered Western Gas Equity Partners L.P. ended the session 0.97% higher at $44.57 with a total volume of 209,277 shares traded. Western Gas Equity Partners' shares have gained 12.47% in the last one month, 18.17% in the previous three months and 7.44% in the past one year. Shares of the Company, which gathers, processes, compresses, treats, and transports natural gas, condensate, NGLs and crude oil primarily in the US, are trading at a PE ratio of 44.75. The stock is trading 14.30% above its 50-day moving average and 25.69% above its 200-day moving average. Moreover, shares of the Company have an RSI of 79.04.
On October 11th, 2016, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $44 a share to $48 a share. Get free access to your research report on WGP at:
http://stock-callers.com/registration/?symbol=WGP
--
Stock Callers:
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 info@stock-callers.com. 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.
NO WARRANTY
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
http://stock-callers.com/legal-disclaimer/
CONTACT
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: info@stock-callers.com
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.