Steel
Digging Into Materials
If there are shortages, bottlenecks, and commodity inflation everywhere, why is the rating for the Materials sector so uninspiring? Although valuations are compelling for Materials groups, the overall decline in the rankings can be traced to EPS revisions and macro influences, like the U.S. dollar and low rates.
Highlighted Attractive Groups
Consumer Discretionary is the highest-rated sector for the fifth consecutive month; Info Tech and Financials have been trading places between #2 and #3 for five months. Coming in last (again) is Utilities.
GS Scores: Industrial Metals Stocks Heating Up
While the Materials sector overall still isn’t looking stellar based on our work, we think with the Metals theme heating up, it’s a trend worth watching.
Steel Hardens Its Lead
Oil & Gas Exploration & Production and Steel were this week's best groups. Biotechnology and Home Entertainment Software were this week's worst groups.
Steel Rolls To The Lead This Week
Internet Retail and Steel were this week's best groups. Tech Hw Stor & Periph and Railroads were this week's worst groups.
Steel Forges Ahead This Week
Multi-Utilities and Steel were this week's best groups. Pharmaceuticals and General Merchandise Stores were this week's worst groups.
Highlighted Attractive Groups
Materials leapt five spots to #3 in our broad sector rankings. Industrials remains the highest rated sector.
Is Steel a Steal?...Select Industries New Group Initiation
A small position in Steel was established in late June to increase our exposure to the top ranked Materials sector.
Constructing A New Steel Position
Added a new holding in Steel stocks to the Select Industries portfolio in September.
New Select Industries Group Holding: Erecting New Steel Position
Group showing strength and is likely a beneficiary, along with the construction industry, of much needed expansion of U.S. energy facilities.
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