Selasa, 10 Agustus 2010

JPM INCO and US steel stocks: correlation

On popular request, please find below the share price correlation between INCO and US steel stocks (X and AKS).

The chart display high correlation among those three names, with INCO taking the lead in a number of occassions.

Other than that, the three stocks tend to move together. JPMorgan's steel guru Michael Gambardela is seeing

possible inflection point in US steel stocks. If he is right, then INCO may offer attractive upside potential.

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