AK Steel: Who Needs Tariffs With Earnings Like These?
January 24, 2017 at 10:21 AM EST
Sure, shares of AK Steel ( AKS ) have quintupled during the past 12 months of trading--buoyed by tariffs on Chinese steel and the election of Donald J. Trump as President of the United States . The big gains in steel stocks--AK Steel, and U.S. Steel ( X )--among them, has some investors feeling its time to take profits-- Barron's Jack Hough recommended bailing on U.S. Steel back in December --but as long as they keep reporting earnings like AK Steel did today , more gains might not be a problem. Cowen's Anthony Rizzuto and team offer their take: