E Daily Stock Pick: Steel Dynamics

A portfolio of stocks I've been building since September 3 is named Volio. It will eventually hold 52 dividend dogs. Volio is the fifth portfolio I've built (at a one dividend dog per-week pace) since 2014. Five portfolios = V for Volio!

Today I'm reviewing the third of four basic materials sector stocks striving to join my Volio folio. This could be the twenty-first pick for Volio!

That materials sector includes thirteen industries all related to mining, making, and delivering essential commodities. They are: agricultural inputs; aluminum; building materials; chemicals; coal; copper; industrial metals; steel; paper; silver; specialty chemicals; gold.

My subject today is a mid-cap steel company named, Steel Dynamics Inc. Their trading ticker symbol is STLD.  This is my first ever report on Steel Dynamics Inc.

Steel Dynamics operates scrap-based steel minimills with roughly 13 million tons of annual steel production capacity.

The company manufactures steel products that primarily serve the construction, automotive, and machinery end markets. It also processes and sells recycled ferrous and nonferrous metals and operates a steel fabrication business that manufactures products for the nonresidential construction industry.

Steel Dynamics, Inc. was founded in 1993 and is headquartered in Fort Wayne, Indiana.

I use three key data points to gauge dividend-paying equities or funds like Steel Dynamics Inc:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest, or not.

Those three basic keys, however, best tell whether a company has made, is making, and will make money.

STLD Price

Steel Dynamics's price per share closed at $31.87 yesterday. A year ago its price was $34.82. So, in the past nearly a year its price fell by $2.95, or just over 8.47%.

Assuming Steel Dynamics's stock trades in the range of $24 to $36 this next year, its recent $31.87 price could rise by $4.13 to reach $36.00 by January 23, 2021, assuming upward price momentum resumes.

1 2
View single page >> |

Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.