Fast Money's Steel Shortage Stock Picks
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Date updated:03-26-2008

Steel stocks are breaking out and becoming a steal as global supply becomes scarce. So which names are leading the pack?

symbol name last price % change open
  • +
  • X
    United States Ste
  • $36.43
  • -1.06%
  • $36.90

Steel, unlike gold, is a true commodity, Guy Adami said. Steel companies have pricing power and can benefit from strong global demand. U.S. Steel (X) which Goldman Sachs just upgraded to ‘buy’ from ‘neutral’ could go as high as $150 on this thesis, according to Guy.

People owning X also tend to own: ACIAINVANRAPCBBDBTUCHK

TheStreet.com Rating: C What is this?

  • +
  • RIO
    Companhia Vale Do
  • $17.42
  • 0.00%
  • $16.55

Tim Seymour agreed that the infrastructure and global build out boom is far from over. In addition to the steel names, he sees buying opportunities in iron ore – particularly Vale (RIO)

People owning RIO also tend to own: CMTSORCLSNYAMRCBTCNQ

TheStreet.com Rating: C What is this?

  • +
  • MT
    Arcelor Mittal Ne
  • $36.36
  • 0.00%
  • $35.78

Seymour said Arcelor Mittal (MT) was another name to watch

People owning MT also tend to own: CXFCXFTEKNMXNYXRIOTM

TheStreet.com Rating: C What is this?

  • +
  • MEE
    Massey Energy Co.
  • $24.18
  • 0.00%
  • $24.64

Najarian noted that coal stocks have been badly beaten. He suggested that viewers take a look at Massey (MEE).

People owning MEE also tend to own: CLCTDENNFFEXJBSSJRCCMSFTPBY

TheStreet.com Rating: C- What is this?

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