Sector: Basic Materials

Yesterday, Morgan Stanley analyst Adam Jonas provided his thoughts on Tesla while maintaining his rating and target price on its stock.

Cleveland-Cliffs (CLF) and its US steel peers are on a roller-coaster ride in 2019. CLF fell 25.5% in August alone. Year-to-date, it's up 6.4%.

This week, three leading US steel companies provided their third-quarter earnings guidances. All these guidances were lower than analysts were expecting.

Traders have lowered the probability of a Fed rate cut at this week’s meeting. Earlier, traders were almost certain that there would be a rate cut.

Last month, Trump claimed that the US steel industry is “thriving.” With US steel companies set to release their guidance, we may see if Trump is right.

Yesterday, gold prices rose around 1%, or $15.90, following drone attacks on Saudi Arabia's Aramco oil facilities on September 14.

Gold has been benefiting from the US-China trade war. However, some observers, such as Jim Cramer and Citigroup, disagree on what's in store for gold.

Trump’s tariff reprieve and trade war de-escalation lifted metal and mining stocks. Alcoa and Freeport-McMoRan have gained 25.8% and 12.8% in September.

US steel stocks are flying high this month. U.S. Steel Corporation (X) has gained 19.5% so far, while AK Steel (AKS) is up 31.0%.

As the trade war rages on, China's de-dollarization bid continues. The trade war is taking a toll on the US and Chinese economies.