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Fidelity expert seeks 'emerging' risk
2009-06-18 14:00:00
Fund expert Jim Lowell is adding a risk-oriented position in emerging markets to his portfolio at Fidelity Investor. Here's a look at the Emerging Europe, Middle East, Africa Fund (FEMEX)."We have been underweight in energy-related names; an area that provides growth-related offense and inflation-related defense."Emerging Europe, Middle East, Africa Fund manager Adam Kutas -- who has been at the helm since the 05/08 inception of this fund -- focuses on energy, metals and gold-related mining stocks, as well as telecom, consumer staples, industrials, healthcare and financials in these regions."The fund will trade on a multiple of risk/reward to the already voltile emerging markets; and has a significantly higher risk profile than the established foreign and US markets: socio-political volatility in these regions makes the fund prone to extremes and extremists."For perspecdtive, last year, the fund lost 52% since its May inception vs. a 35% loss for the S&a...
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Nuance (NUAN): Invest in speech recognition
2009-06-18 14:00:00
"For investors with a more aggressive bent, one stock on our radar is Nuance Communications (NASDAQ: NUAN)," says trading and investing expert Bill Martin.In BullMaret.com, he explains, "The firm's core niche is producing speech-based voice-recognition and synthesis software for use in corporate customer-care operations, mobile applications including the new iPhone and to automate health records.""Nuance creates those automated voices you have to listen to when what you really need is a human being to tell you why your cable modem isn't delivering the Internet. "While at times annoying, we acknowledge the cost-benefit for companies to use the technology to manage and screen routine customer calls."Its mobile speech solutions add voice-control capabilities to mobile devices and services; it's a necessity for 'hands free' cell phone operations that certainly make it safer to use a cell phone while operating a car."T...
More About: Recognition , Invest , Speech

Solar ETFs: Shining ideas?
2009-06-18 14:00:00
"With the Obama administration looking to fund clean energy initiatives, solar energy exchange-traded funds could start to shine," says Doug Fabian in his Successful Investing advisory."The question now for investors is how and when to profit from the political clout of a new president who has promised to make alternative energy one of his top priorities."Certain solar ETFs have been on a tear of late, and one reason why we've seen a surge in the sector is due to the recent announcement by the Chinese government that it intends to support the development of solar energy."China's plan would offer $2.94 per watt for solar photovoltaic installations of more than 50 kilowatts. That amount may not sound like much money, but it certainly adds up fast in a huge and still vastly underdeveloped country like China."The spurt in solar ETF prices is reflected in the charts below of the Market Vectors Solar Energy (NYSE: KWT) an...
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Take a trip with Expedia (EXPE)
2009-06-17 14:00:00
"Expedia (NASDAQ: EXPE) has taken flight over the past two months, soaring more than 165% off their early-March low," says Paul Tracy.The editor of Street Authority Market Advisor explains, "Despite a sharp slowdown in leisure and business travel, overall travel volume booked through Expedia's sites (which include Hotels.com and Hotwire.com) remains impressive." Here's his review."Over the past three months, Expedia's travel sites have booked $5.2 billion (retail value) worth of travel expenditures. That gross booking figure is down about -11% over last year, but represents a considerable +30% improvement over the prior quarter. "Unfortunately, those trips were taken at lower rates, as hotels and airlines are slashing prices to attract business. As a result, sales dipped -8% to $636 million, but still checked in well ahead of estimates (as did earnings of $0.21 per share). "I'm not too worried about average daily room rates and airf...
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IBM (IBM): Growth and value
2009-06-17 14:00:00
"Overall, we believe quality technology stocks offer above-average growth potential and attractive valuations," says Gregory Dorsey.In Stephen Leeb's The Complete Investor, he explains, "International Business Machines (NYSE: IBM) has plowed ahead despite a daunting economic and business environment; we are adding the stock to our Growth & Income Portfolio.""For prudent investors in this challenging economy, most of the major technology companies are financially solid, often with little or no debt and lots of cash on their books. "This makes them good long-term vehicles even if the economy remains off the rails for a prolonged period."IBM’s wide array of enterprise solutions, which have remained in high demand, get Price Per Share the credit. The company offers a broad portfolio of IT services, hardware and a full suite of software solutions."Integrating its hardware products with its software and services provides customers...

Safe Money seeks 'prudent' income
2009-06-17 14:00:00
In Safe Money Report, advisor Martin Weiss reviews Federated Prudent Global Income (FPGCX) for conservative investors seeking both income and protection against a dollar decline."We now have the perfect storm raging for fixed-income investors: Both the government’s debasement of the U.S. dollar and an unstoppable decline in Treasury bond prices. "If you own the wrong mutual funds, ETFs, and individual bonds in this environment, you could get killed. Federated Prudent Global Income Fund is an outstanding exception, for three reasons: "First, it avoids the U.S. dollar by investing in fixed instruments denominated in major foreign currencies — including those of Australia, Germany, Canada, and other countries in Europe and Asia. "Second, it avoids long-term bonds, restricting its average maturity to no longer than 18 months. And third, it allocates about 5% of its portfolio to gold, another must for investors seeking protection a...

Global experts eye Shanda (SNDA)
2009-06-16 14:00:00
Today, we continue our look at the China online gaming sector, where two leading advisors turn to Shanda Interactive Entertainment (NASDAQ: SNDA).Nick Vardy in The Global Bull Market Alert explains," The Shanghai-based firm is out choise to increase our bet on Asia." In addiion, Andy Obermueller, in his Government-Driven Investing, notes, "China’s online gaming market is slated to surge." Here are their reviews.Nicholas Vardy says, "I expect this small-cap stock to be a solid, risk-return trade, especially if you are willing to endure some volatility."First, Shanda operates online games in the People’s Republic of China and is a pioneer in the hugely complex role-playing games that people play over the Internet."Shanda already has 7.2 million paying users involved in its cutting-edge MMORPG (massively multiplayer online role-playing games). That's up more than 22% sequentially from the fourth quarter. &...
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... Plus NetEase & Changyou
2009-06-16 14:00:00
"While online games aren’t overly popular here in the U.S., over in China they’re a huge business," says Mike Cintolo in The Cabot Market Letter. Here's a look at two favorites."A lesson we learned long ago is that it pays to recognize stocks with unusual strength. And in terms of stocks, NetEase (NASDAQ: NTES) is showing unusual strength. The stock started moving ahead in a powerful manner as soon as the market bottomed in March."In fact, NTES recently notched nine straight up weeks, all on above-average volume, breaking out of a three-year base in the process! "NTES followed that up with a tight consolidation, and then a shakeout down to its 50-day moving average on earnings. "Of course there will be pullbacks (perhaps even one starting soon), but the strength seen in this stock at the start of a bull market suggests even better times ahead. "Within the Chinese online game sector, business trends...

Perfect World (PWRD) for players
2009-06-16 14:00:00
"Perfect World , Ltd. (NASDAQ: PWRD), a leading online game developer and operator in China; is our latest 'stock of the month' feature," says Dennis Slothower on Stealth Stocks."The company primarily develops three-dimensional, or 3D, online games based on its proprietary Angelica 3D game engine and game development platform. "Its strong technology and creative game design capabilities, combined with its extensive local knowledge and experience, enables the company to frequently and rapidly introduce popular games designed to cater to changing customer preferences and market trends in China."In 2006 and 2007 and the first quarter of 2008, Perfect World launched five self-developed 3D massively multiplayer online role playing games, or MMORPGs, namely, Perfect World, Legend of Martial Arts, Perfect World II, Zhu Xian, and Chi Bi and its first online casual game, Hot Dance Party. "In the first quarter of 2008, these games recorded approx...
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Artisan (ARTRX): A 'new opportunity'
2009-06-15 14:00:00
"We are adding Artisan Opportunistic Growth (ARTRX), which we consider a 'new opportunity,' for long-term ivvestors, to our Best Buys portfolios," explains Mark Salzinger.The mutual fund specialist and editor of The No-Load Fund Investor suggests, "ARTRX fits neatly into one of our key strategies for maximizing risk-adjusted returns: It’s anew, small and flexible fund from experienced, highly successful managers.""Last September, Artisan Funds launched Artisan Opportunistic Growth(ARTRX). This new fund is managed by Andrew Stephens, James Hamel and Shayne John—the same trio of managers who guide Artisan Mid Cap to excellent long-term results."The new fund offers an opportunity to access the skill of these proven managers in a fund with a tiny asset level (only about $10 million at last count) and a flexible mandate. The Opportunistic and Mid Cap funds share the same investment approach."For both funds, the managers look for stoc...
More About: Opportunity

Giant Interactive (GA): Online gaming in China
2009-06-15 14:00:00
"Giant Interactive (NYSE: GA) has the kind of numbers that accountants dream about; with a profit margin above 70% and huge cash reserves, the stock is selling well below book value," says Jim Trippon.In his The China Stock Digest he explains, "Giant was founded in November 2004 and as become one of the fastest-growing and most profitable companies in the Chinese online game industry.""Despite constantly rising earnings as more and more Chinese log on to the Internet, Giant Interactive is reasonably valued with a P/E multiple of 12.5."Because of its enormous cash reserves, Giant Interactive is also able to pay a dividend of 2.18%, not something you’d ordinarily expect from this kind of company."The company focuses on massively multiplayer online games that are played through networked game servers, in which a number of players are able to simultaneously connect and interact. "Giant Online has several milli...
More About: Gaming

NIVS: Intelligent devices
2009-06-15 14:00:00
"Intelligent audio and video is the next wave of consumer electronics," says Richard Schmidt, referring to voice-controlled electronic devices. Here's his pick from The Stellar Stock Alert."We still believe America is the best business machine in the world; but we also know that you can make a lot of money by investing in #2 or #3. "As such, we’re looking at an opportunity in China; the third largest economy in the world is positioned for massive growth. In fact, it’s got the ability to grow far more than any other country in the world."Beyond the risk of a communist government, there’s incredible potential that’s yet untapped. Not only do you have a country with a huge population – giving it the manpower needed for economic growth, but you also have people who are eager to work and a culture that values hard work. "Now China is taking a cue from America and is learning business from the best in the world. Cou...
More About: Devices

Four favorites from China expert
2009-06-12 06:00:00
"The Chinese Dragon strikes again," says small cap expert Jim Oberweis, Jr., adding, "So far in 2009, the MSCI China Index is up 30% and our Oberweis China Opportunities Fund (OBCHX) has gained 62%."In his The Oberweis Report, he says, "China will be a great place to invest over the medium-to-long term, even if unpredictable in the short term." Here, he reveals four stocks that he considers "some of the most interesting Chinese ADRs to buy now.""E-House (NYSE: EJ) is the largest Chinese property agent. It is the Chinese version of Century 21. However, the firm faces very different housing market dynamics in China. "Chinese consumers tend to borrow considerably less than Americans or Europeans to finance home purchases, with down payments averaging about 40%. As a result of this lower leverage, China faces a less severe drop in property prices. "Further, in 2007, the government tried to curb the rapid rise in real estate pri...
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ETF looks north of the border
2009-06-12 06:00:00
For those seeking some international exposure, but also concerned about investing outside the US,  Leonard Goodall suggests iShares MSCI Canada (ASE: EWC) in No-Load Portfolios."We know many investors who are hesitant to invest in securities of other countries. This 'domestic bias' may be injurious to their financial health, especially if the dollar suffers a long-term decline and the US economy remains sluggish over many years."One rather easy entry point that can be acceptable to all but the most foreign-phobic is to invest in securities of our neighbor to the north: Canada."While it's true that our economies are very much dependent upon one another, the Canadian economy has its own strengths that point to a measure of long-term independence and success."Canada has a breadth of resources that are the envy of most countries. Oil, lumber, water, hydroelectric power and precious metals provide the country with self-sufficient long-term wealth and ...
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Get ready for Dr. Reddy's (RDY)
2009-06-11 14:00:00
"India-based Dr. Reddy’s Laboratories (NYSE: RDY), a generic-drugs play with solid market positions in India, Russia, the US and Germany," says Asian stock expert Yiannis Mostrous.In his specialty newsletter, The Silk Road Investor, he explains why he has chosen the firm as his latest "Stock of the month"."Seventy percent of the firm’s growth comes from generic drugs, and the trend there has been favorable."New products, market share gains and a revamp of the supply chain in India should contribute to profitability. The company is also building a proprietary pipeline to supplement it core business. "Management is implementing tighter cost controls. The company is capable of annual revenue growth above 10%, which would enable earnings growth of around 20% per year. "Margins should stay elevated at around 15 to 20; the outside range is attainable given that margins were around 16% last year."It seems that the worst for...
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Elliott wave still rising
2009-06-11 14:00:00
Despite a strongly bearish long-term outlook, technician Stephen Hochberg continues to see near-term upside for the market. Here's the latest from The Elliott Wave Financial Forecast."Optimism is definitely on the increase, but it is not yet as the exteme that typically accompanies the end of a Primary degree rally."So notwithstanding near-term gyrations, the Dow should rise to the initial target, which remains in the 9,000 to 10,000 range."The current bear market rally will alleviate the feelings of fear and despair that predominated at the March lows, and the rise if making quick work of it. From mid-march to mid-May, the Dow's gains have produced a profound, collective sigh of relief."Optimism is certainly prevalent enough to fuel a pullback in stocks, but it isn't extreme enough to assure us that the Primary wave up is over."After surging to an all-time high of 89.53, the CBOE Volatility Index (VIX) made a series of lower lows and l...
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Netease (NTES) : A Zweig-type growth pick
2009-06-11 14:00:00
John Reese assesses stocks based on the criteria of a select group of well-known investors with very strong track records of long-term success. In his Validea advisory, he looks at Chinese gaming stock, Netease (NASDAQ: NTES) based on the investment strategy of Martin Zweig, a long established growth investor. Here, he highlights some of the ways that this stock passes the "Zweig test.""Netease operates an interactive online community in China, and is a provider of Chinese language content and services through its online games, Internet portal and wireless value-added services businesses."According to Zweig's investment strategy, the P/E of a company must be greater than 5 to eliminate weak companies, but not more than 3 times the current market P/E because the situation is much too risky, and never greater than 43."NTES's P/E is 17.33, based on trailing 12 month earnings, while the current market PE is 14.00. Therefore, it passes the first test...
More About: Growth , Type , Pick

Time to 'watch' Fossil (FOSL)
2009-06-10 14:00:00
"Fossil (NASDAQ: FOSL), a global firm specializing in consumer fashion accessories such as watches, is our latest featured buy," says Charles Mizrahi in Hidden Values Alert."In the watch and jewelry product category, Fossil has a diverse portfolio of globally recognized owned and licensed brand names under which its products are marketed. "Fossil’s products are distributed globally at varying price points to service the needs of customers, whether they are value conscious or luxury oriented."Its broad-based wholesale customer base includes retailers such as Neiman Marcus, Nordstrom, Macy’s, Dillard’s, JCPenney, Kohl’s, Sears, Wal-Mart, and Target. "It sells its products in the US through a network of company-owned stores, which includes 125 retail stores located in premier retail sites and 74 outlet stores located in major outlet malls."FOSL has total debt of $10 million on shareholder equity of $880 mill...
More About: Watch , Time

Hudson City (HCBK): 'Best in breed' bank
2009-06-10 14:00:00
"Hudson City Bancorp (NASDAQ: HCBK) is a fortress of safety with plenty of upside potential," says value investor Nathan Slaughter.In his Half-Priced Stocks, he explains, "The 140-year old bank is a classic example of the tortoise and hare fable. Its slower, measured approach has paid off handsomely and keptit at arms length from the problems plaguing other banks.""Hudson City manages a network of 130 bank branches spread throughout affluent regions of New Jersey, New York and Connecticut. At last count, the firm had over $20 billion in deposits and approximately $56 billion in total assets."According to an independent study, this tight-knit institution has been rated one of the nation's three strictest mortgage underwriters. So when most other banks relaxed their standards in recent years to attract riskier clientele, Hudson City stuck to its conservative roots and refused to budge."You won't find any ticking time bombs here -- there isn&#...
More About: Bank , Breed

Hormel (HRL): Invest in spam
2009-06-10 14:00:00
"One 118-year old firm benefiting from the tight economy is Hormel Foods (NYSE: HRL), which specializes in low cost foods," notes Jim Powell in Changes & Opportunities Report."Many blue chip companies that produce low cost foods -- including Hormel -- should thrive for the next few years."The company makes Spam , Hormel chili, Dinty Moore beef stew, and dozens of other inexpensive meals that are flying off the shelves. "That’s not surprising since a can of Spam costs about $2.50 and Hormel chili goes for about $1.50. The higher food costs go, the better Hormel should do."I am impressed with management’s response to the recession’s impact on the public’s food purchases. Instead of hunkering down until better times return – a common decision in large corporations - Hormel quickly redirected its resources to its low-cost products."For example, the company just switched a new processing plant in Iowa from prem...
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Cabot targets emerging markets
2009-06-09 14:00:00
"We’ve long been fans of emerging market stocks," says Timothy Lutts. In The Cabot Market Letter the advisor highlights some of his favorite bets on global stock markets."We are attracted to emerging markets for one simple reason—the economies of countries like China, Brazil, India and others are almost assured of growing at a faster rate in the years ahead than the U.S. "We also think investor perception of emerging market stocks is sure to rise over time, as people get more comfortable with the idea that these countries are stable and have acceptable governments."Of course, when fear overwhelms greed, as it did during the bear market, emerging market stocks can be a terrible place to invest; most fell 75% from peak to trough!  But now, as the world economy is showing signs of bottoming out, money is once again finding its way to the fastest growing places on the planet."The iShares MCSI Emerging Markets Fund Index (ASE...

Quant's trio of 'best buys'
2009-06-09 14:00:00
"We screened our database for standouts based on meaningful profit surprises," says 'quantitative analyst Richard Moroney. In Upside, a service focused on applying in-depth quantitative analysis to small to mid-cap growth companies, he looks at a trio of stocks earning his "Best Buy" rating -- Priceline (NASDAQ: PCLN), Sybase (NYSE: SY), and Synaptics (NASDAQ: SYNA)."All things equal, the better a stock’s earnings momentum and profit outlook, the more likely it is to outperform in the year ahead."Priceline has delivered seven consecutive quarters of better-than-expected profits. The online travel retailer said March-quarter earnings per share were $0.53, or $1.09 excluding one-time items — up 43% and handily above the consensus estimate of $0.91."Revenue jumped 15% to $462 million, also topping the consensus. Overall gross bookings, the value of all travel services bought, rose a healthy 11% to $1.9 billion, while U.S...
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Hurricane watch
2009-06-09 14:00:00
With the 2009 hurricane season officially beginning this past week,  Sean Broderick offers four stock picks — two bullish, two bearish — to play this summer's potentially "wild weather."In his Uncommon Wisdom advisory he offers one pair of picks that he believes will do well should the hurricane season turn out to be mild and a second pair of stocks that would see rising profits in the event that damaging storms hit in "Hurricane Alley.""Last year's stormy weather spawned 16 named storms, which was higher than the long-term average of about 10 tropical storms and six hurricanes per year in a typical Atlantic hurricane season."The major hurricane forecasters have now made their predictions, and it's for a 'moderate' hurricane season. Cooler seas off the coast of Africa and a prediction of a weak El Nino get the credit for the calmer forecast."That's good news for America's oil and gas ...
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Argon (STST): Airborne intel
2009-06-08 06:00:00
"Even in a nasty recession some firms generate consistent earnings," says Stephen Leeb, who looks to Argon ST (NASDAQ: STST), a defense stock, in The Complete Investor."Argon ST is an addition to our Small-Cap Value Portfolio The recently approved $3.4 trillion federal budget for fiscal 2010 includes $534 billion for the Defense Department, a 4% year-over-year increase in spending."Adjusting to changing threats, the Pentagon will be focusing less on traditional weapons systems and more on the ability to fight unconventional enemy forces through the use of unmanned drones and satellites for intelligence gathering, surveillance, and reconnaissance."One likely beneficiary of this shift is Argon ST. Argon specializes in surveillance and reconnaissance systems used by U.S. and its allies’ military and intelligence customers."The company’s signals intercept and processing systems are software-based and can be run on commonly availab...
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'Elite' look at Almost Family (AFAM)
2009-06-08 06:00:00
"Almost Family (NASDAQ: AFAM) is making its triumphant return to our 'focus list'of buys after we sold it in January," says analyst Tracey Ryniec. Here's her latest in Zacks Elite Stocks."AFAM provides home health nursing, rehabilitation and personal care services in 11 states. The company has two segments: Visiting Nurse (VN) and Personal Care (PC)."Visiting Nurse provides skilled nursing and physical, occupational and speech therapy. Personal Care includes custodial and personal care services."The company's acquisition strategy continues with the May 27 announcement that it was acquiring the assets of Florida-based Central Florida Health Alliance (CHFA), a two-hospital health care system with home health branches."CHFA's operations generated $4.5 million in revenue in the last fiscal year, but Almost Family doesn't expect it to have a material impact on its 2009 results. The terms of the deal were not disclosed."...

General Electric (GE): A proxy on economic growth
2009-06-08 06:00:00
"Over the past year, General Electric (NYSE: GE) has taken its lumps; however, I now suggest it may be opportune to reconsider one of America's great industrial companies once more," says Glenn Rogers.The contributing editor to Gordon Pape's Internet Wealth Builder suggests, "General Electric is indeed a proxy for the U.S. economy. So if you believe the worst is behind us that should also be true of GE.""General Electric is, to my mind, a great Obama infrastructures play given that it has extensive businesses in energy infrastructure and technology infrastructure. The company is also active in nuclear energy, wind and solar energy, water treatment, smart grid technology, etc. "Another pet Obama initiative is the modernization of the American health care system. GE has extensive assets in the health care industry and will certainly benefit from this initiative. "The company has also applied for TARP funds to help finance a major in...
More About: Growth , Economic

Bernie's trading bets: The long & short of it
2009-06-05 14:00:00
Bernie Schaeffer selects stocks based on a combination of fundamental, technical and sentiment-based metrics.His research leads to long trading positions for his Schaeffer's Master Portfolio and short trades for his Schaeffer's Short Selling services. Here's a look at 4 of his latest ideas."I initiated a long position in Netflix (NASDAQ: NFLX); its price action has been strong, with the stock up more than 35% year-to-date. The stock recently pulled back to support from key intraday trendlines that we follow, presenting a potential buying opportunity."Short interest for NFLX is high, with more than 32% of the stock's float sold short. A continued rise in the shares' price could spark a short-covering rally. Upgrades are a possibility for NFLX, as only 4 of the 15 analysts covering the stock rate it a 'buy.'"I also initiated a long position in VMware (NYSE: VMW), which has gained more than 30% year-to-date. The stock has also pulled back to a...
More About: Trading , Long , Bets

Itron (ITRI): Changewave eyes smart grids
2009-06-05 14:00:00
"Itron (NASDAQ: ITRI), which is involved in the build-out of smart grids -- has been our radar screen for awhile," says growth stock expert Toby Smith.In his ChangeWave Investing, he suggests, "As the top supplier of smart meters and meter infrastructure for the electricity industry, Itron is by far the best-positioned company for the smart grid build-out.""The build-out of smart grids employs technologies that deployed across an energy grid which allow greater efficiency and flexibility during energy distribution and transmission. "The cool thing about smart grids is that they are capable of isolating and better managing power outages and disruptions, integrating local power generating equipment, and avoiding electricity congestion or bottlenecks. "As the top supplier of smart meters and meter infrastructure for the electricity industry, Itron is by far the best-positioned company for the smart grid build-out. "The company also manu...
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Silver lining at Silvercorp (SVM)?
2009-06-05 14:00:00
"Silver corp Metals (NYSE: SVM) has gone through a rough spot," says Brien Lundin in Gold Newsletter. But, he adds, "An improving trend in commodity prices promises better days ahead.""The mining company served up a mixed bag of financial results recently when it reported both fourth quarter and annual results to March 31, 2009. The company has also given us a look ahead for fiscal 2010. "First, however, let’s look at the financials. For Q4, sales declined 35% from a year ago to $17.4 million, primarily because of falling metals prices. But that was still a 14% improvement over Q3 performance. "Sales for the fiscal year also slipped, falling 23% to $83.5 million. Again, this was mainly because metals prices were in the tank — silver down 10%, lead 34% and zinc 53% from 2008 averages. These free-falling prices eventually lead to the temporary suspension of operations at three mines."For the fiscal year, the c...
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Steel stocks: Strong potential for turnarounds
2009-06-04 14:00:00
"The steel stocks tend to go through boom and bust cycles depending on global economic activity; they have been pummeled over the last year, as the global economy slowed," notes turnaround expert George Putnam.In his The Turnaround Letter, he explains, "But the news about steel is not all bad." Here, he offers an overview of six steel makers that could be poised for a turnaround."Weakness in two big steel consuming industries, autos and construction, has been particularly troublesome for the steelmakers."However, there is evidence that steel inventories are gradually being worked off to low levels. There are also signs that economic activity in China, which is a huge consumer of steel, will not fall off as far as some economists initially feared."Moreover, several steel producers took advantage of the last boom cycle to modernize their facilities and improve their balance sheets."Could the steel stocks go lower if the global recessio...
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