Release

Today’s Research Reports on Trending Tickers: United States Steel and Peabody Energy

U.S. markets closed up on Wednesday, as investors appear to shrug off fears of increasing interest rate and bond yields. The Dow Jones Industrial Average gained 0.25 percent to close at 24,768.93, while the S&P 500 Index increased 0.41 percent to close at 2,722.46. The Nasdaq Composite Index climbed 0.63 percent to close at 7,398.30.

“For the 10-year, 3% isn’t a magical number that will pull investors out of stocks. With inflation and interest rates being where they are, we think stock valuations are about right. Equities certainly aren’t cheap, but valuations aren’t a big concern right now,” said Anthony Saglimbene, global market strategist at Ameriprise.

RDI Initiates Coverage on:

United States Steel Corporation
https://rdinvesting.com/news/?ticker=X

Peabody Energy Corporation
https://rdinvesting.com/news/?ticker=BTU

United States Steel’s stock jumped 4.6% Wednesday, to close the day at $37.51. The stock recorded a trading volume of 9,989,108 shares, which was below its three months average volume of 13,354,178 shares. In the last year, United States Steel’s shares have traded in a range of 18.55 – 47.64. The share price has gained 102.21% from its 52 week low. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $35.30 is below its 200-day moving average of $35.52. Shares of the company are trading at a Price to Earnings ratio of 17.13. Shares of United States Steel have gained roughly 4.92 percent in the past month and are up 6.59 percent year-to-date.

Access RDI’s United States Steel Corporation Research Report at:
https://rdinvesting.com/news/?ticker=X

On Wednesday, shares of Peabody Energy recorded a trading volume of 1,637,624 shares, which was above the three months average volume of 1,162,277 shares. The stock ended the day 3.07% higher at $41.31. The share price has fallen 1.6% from its 52 week high with a 52 week trading range of 22.58 – 41.98. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $37.43 is below its 200-day moving average of $37.36. Shares of the company are trading at a Price to Earnings ratio of 13.24. Shares of Peabody Energy have gained roughly 15.88 percent in the past month and are up 4.93 percent year-to-date.

Access RDI’s Peabody Energy Corporation Research Report at:
https://rdinvesting.com/news/?ticker=BTU

Our Actionable Research on United States Steel Corporation (NYSE:X) and Peabody Energy Corporation (NYSE:BTU) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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