Sector: Basic Materials
There have been reports of several layoffs in the US steel industry this year, in contrast to last year's news of plant restarts and new plants.
In today’s Get Real, we saw Apple Watch's performance and another loss for Boeing. Plus, Google's Fitbit acquisition faces scrutiny from the EU.
Cleveland-Cliffs (CLF) and U.S. Steel (X) are in the red this year. As we head into the 2020 election, both companies desperately need another "Trump effect."
Canopy Growth (CGC) (WEED) and Cronos Group (CRON) are set to release their earnings next week. The cannabis sector has been on a roller coaster this year.
CLF and U.S. Steel Corporation are looking at electric arc furnaces, whose variable cost dynamics make them suitable for the cyclical steel industry.
Innovative Industrial Properties (IIPR) is set to report its third-quarter results tomorrow. IIPR stock, up 67.2% year-to-date, has been investor favorite.