Gerdau SA

After Green Growth Brands reported its earnings, Eight Capital downgraded the stock from “buy” to “sell.” Currently, three analysts follow the company.

On Tuesday, GW Pharmaceuticals reported its fourth-quarter earnings after the market closed. For the quarter, the company reported revenue of $109.1 million.

On Monday, Green Growth Brands reported its earnings results for the second quarter of fiscal 2020. The company reported revenues of $21.1 million.

Green Growth Brands will likely report its results for the second quarter of fiscal 2020 on February 24. Analysts expect the company’s revenue to rise sequentially.

Analysts expect Green Growth to become profitable in fiscal 2021. In fiscal 2020, they expect the company to report a negative EBITDA of $80.2 million.

Weakness in cannabis stocks continued today, the fourth day of decline. The US equity market fell today due to the growing tension between the US and Iran.

Cannabis retailer MedMen (MMNFF)(MMEN) reported its first quarter of fiscal 2020 earnings results yesterday. Here’s what you need to know.

For the first quarter of 2020 ending in September, Green Growth Brands reported revenues of $12.7 million—an increase of 77% sequentially.

On Wednesday, Green Growth reported its fourth-quarter earnings after the market closed. The company reported revenues of $7.2 million.

Previously in this series, we’ve looked at February’s consolidated steel import data. In this article, we’ll see which product categories saw major changes in imports during the month.

There has been buoyancy in US flat rolled steel prices this year.

Last year, we saw a sharp increase in global steel production. According to the World Steel Association (or WSA), global steel production rose 5.3% year-over-year (or YoY) to 1.69 billion metric tons.

On the 4Q17 earnings call, ArcelorMittal’s (MT) CEO, Lakshmi Mittal, outlined a new capital allocation strategy.

Along with releasing its 2017 results, Kinross Gold (KGC) also announced an acquisition of two hydroelectric power plants in Brazil from a subsidiary of Gerdau (GGB).

Kinross Gold released its 4Q17 and 2017 results on February 14 and held a conference call with analysts on February 15.

As we discussed previously, ArcelorMittal (MT) has submitted its bid for Essar Steel. The acquisition, if completed, will provide ArcelorMittal with a strong platform in India.

The next few weeks will be crucial for steel investors. We’ll get to see if the recent round of price hikes holds its ground.

Nucor was the S&P 500’s top gainer on October 11, 2017. Nucor rose 3.6% and closed the day at $57.34—the highest close in two months.

Commercial Metals Company is scheduled to release its fiscal 4Q17 earnings on October 26. Note that the company’s financial year runs from July to August.

Looking at July imports data, HRC (hot rolled coil) imports fell ~27.0% year-over-year. However, imports rose on a monthly basis.

In this article, we’ll look at ArcelorMittal’s 1Q17 cash flow and leverage positions. As of the end of 1Q17, ArcelorMittal had net debt of $12.1 billion.

ArcelorMittal’s 1Q17 operating income rose sharply in 1Q17 compared to 4Q16. There are several other metrics we can look at to assess a company’s financial performance.

Steel stocks have come under selling pressure over the last few weeks. Companies like U.S. Steel (X) and AK Steel (AKS) are trading with massive year-to-date losses.

Nucor (NUE) is North America’s largest rebar supplier. It also has rebar fabrication operations in its downstream business (AKS).

Since US steel demand is the major driver behind steel companies’ volumes and prices, it’s important to track the data for Cliffs Natural Resources (CLF).

Steel demand is a key driver of steel companies’ performances, and the construction sector accounts for almost 40% of US steel demand.

Brazil (EWZ) is expected to see a reversal of the downward trend in its economic growth in 2017, mostly with the help of rising commodity prices and improvements in exports.

Steel demand is a key driver of steel companies’ performances, and the construction sector accounts for almost 40% of US steel demand.

The construction sector is the leading steel consumer in the US (SPY). It accounts for ~40% of the total steel demand.

Because China is the world’s largest steel consumer, it’s important for investors in companies such as U.S. Steel, ArcelorMittal, POSCO, and Gerdau to keep track of the Chinese steel industry.

ELAAX has had quite a poor 2016 so far. As of August 31, 2016, the fund stands dead last year-to-date among the seven funds chosen for this review.

The construction sector is the leading steel consumer in the US. It accounts for ~40% of the total steel demand.

In 2Q16, ArcelorMittal’s Mining segment generated an EBITDA of $163 million as compared to $98 million in the sequential quarter.

Housing starts in the US rose by 4.8% to a SAAR (seasonally adjusted annual rate) of 1.2 million units in June 2016.

China produced 70.5 million metric tons of steel products in May 2016, according to data released by China’s National Bureau of Statistics.

US steel imports declined steeply in April on a year-over-year basis while staying relatively flat as compared to March.

If Dilma Rousseff is impeached by the Senate, Michel Temer will head the government until 2018 before the next election.

Brazilian stocks have had a tremendous 2016 so far. Prior to what has turned out to be a difficult May, the Ibovespa stock index rose 24%.

The Brazilian economy depends on commodity movement. The equity market is an important leading indicator of the country’s economy.

Russia (RSX) and Latin American countries such as Brazil (EWZ), Chile, and Venezuela are important commodity-exporting countries.

Rebar prices have been stagnant this year. As the largest supplier of these products, Nucor seems to have lost its mojo with investors.

Markets expect Brazil to bottom out soon. The recent trend reversal in emerging markets could be a sign that a reversal in Brazil’s fortune is close.

Inflation in Brazil continues to soar. It’s at 10.4% despite the central bank’s several attempts at interest rate hikes.

Integrated operations have been one of the factors driving steel companies’ recent performances. Iron ore and coal mining fall under steel companies’ upstream operations.

China plans to curtail its excess steel capacity. However, even if China actually cuts the excess steel capacity, it could be in a very gradual way.

Low global interest rates have been catastrophic for Brazil. Growth is stagnant while inflation continues to soar.

George Soros sees Russia in a weak position. He believes that it has enough reserves to last a couple of years. It might see a lot of debt coming due in 2017.

The Brazilian Central Bank’s monetary policy committee decided to keep the benchmark interest rate unchanged at 14.3% on January 21, 2016.