POSCO(NYSE:PKX): Growth stocks have lately been increasingly attracting the attention of investors, and the continuation of the near-zero interest rate environment should further fuel the growth of many growth companies. POSCO (PKX) and GeoPark (GPRK) possess solid growth attributes. So, we think it could be wise to scoop up their shares now. So, let’s examine these names.
2 Scorching-Hot Steel Stocks Rated Strong-Buy
PKX – A gradual economic recovery is boosting demand for steel in response to strong demand from major end-markets such as automotive and construction. Against this backdrop, we think it could be wise to bet on fundamentally sound steel stocks POSCO (PKX) and Companhia (SID).
May 14, 2021
The rapid recovery of the steel industry following the pandemic-led slowdown has been driven primarily by high demand from China. The recovery has encouraged investors to buy steel stocks, as evidenced by VanEck Vectors Steel ETF’s (SLX) 15.5% gains over the past month versus SPDR S&P 500 ETF Trust’s (SPY) 0.6% loss.