skip to Main Content
Get your free newsletter: Actionable insight each morning for self-directed investors. 

Ternium (NYSE:TX) shares are on the move again on Wall Street this Friday as investors once again pile into the $7bn steel producer. The stock closed up at $48 on Thursday and looks like it will try to probe its one year high of just under $55 over the next few sessions.

The fundamentals for the stock look excellent, with a forecast 12 month PE ratio of 4.4, a dividend yield of 5.87% and a price to book value of 0.98. Return on capital and return on equity, when based against its sector, are also solid. Revenues are on course to best the pre-pandemic numbers the company put in for 2019. We are expecting it may even surprise to the upside with its next set of numbers.

 

The rest of this page is for members only. Please log in below or visit the registration page for Armchair Trader+ to see the benefits of becoming a member.


Log In or Sign Up to Armchair Trader+

Already a member? Log in here:


Not a member yet? Sign up for your free trial or check out the benefits of membership.

Further content of this article is not available as it is for members only. Please visit the registration page for Armchair Trader+ for further details on the benefits of becoming a member.

Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Stuart Fieldhouse

Stuart Fieldhouse

Stuart Fieldhouse has spent 25 years in journalism and marketing, including as a wealth management editor for the Financial Times group, covering capital markets and international private banking, and as an investment banking correspondent for Euromoney in Hong Kong. He was the founder editor of The Hedge Fund Journal.

Stuart has worked at CMC Markets, supporting the re-launch of its global financial spread betting and CFD trading platforms. He is also the author of two books on trading, published by Financial Times Pearson. Based in The Armchair Trader’s London office, Stuart continues to advise fund managers, private banks, family offices and other financial institutions.

Stocks in Focus

Here are some of the smaller companies we are following most closely. They all represent significant growth stories in our view. Our in-depth reports go into more detail on why we like them.

Comments

Subscribe for more stories like this, 8am weekdays - for free!


Get your free daily newsletter: 

Thanks to our Partners

Our partners are established, regulated businesses and we are grateful for their support.

Pepperstone
FP Markets
IG
Spreadex
WisdomTree
ActivTrades
Back To Top