Steel Stocks Up 45% in Two Months... Much More to Come

In September, I told you to buy steel stocks.

 

At the time, steel was the most hated sector in the world. Flagship names like U.S. Steel and AK Steel were down an average of 75% since early 2011. Those are brutal returns considering the S&P 500 was up 30% in the same time frame.

 

I told you that if these companies reported any good news, we would likely see huge short-term gains. And that's exactly what happened...

 

Since my essay, U.S. Steel and AK Steel reported solid quarterly results. Plus, we've seen positive global economic data over the last few months. As a result, these two names have rocketed higher. Shares are up an average of 45% in two months.

 

 

After such huge returns, I would usually advise taking profits off the table. However, these stocks have much more upside. (more)

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