MARKET VECTORS STEEL (SLX)
Exchange trade fund
Recs
AnnaLisaCupcake
(< 20)
Submitted: 6/1/2009 10:12:18 AM :
Start Price:
$47.00
SLX Score:
+8.78
Steel ETF.
Recs
greensinreg
(< 20)
Submitted: 5/5/2009 10:39:01 PM :
Start Price:
$40.30
SLX Score:
+26.23
To my mind commodities are undervalued much more than the S&P and that in the long run this is a very solid pick.
Recs
aquabat63
(69.09)
Submitted: 3/14/2009 8:47:59 PM :
Start Price:
$25.90
SLX Score:
+84.53
These P/E numbers are just too lousy.
Recs
davidgn09
(98.98)
Submitted: 10/14/2008 10:22:52 AM :
Start Price:
$37.50
SLX Score:
+47.54
BRIC ain't done yet.
Recs
tjwb71
(36.11)
Submitted: 7/9/2008 5:44:42 PM :
Start Price:
$87.96
SLX Score:
-24.11
Nice way to diversify and play the steel industry...Overall growth in sector should outperform market over the next 5 to 10 yrs with the global demand and supply still tight regardless of slowing demand for steel within the US economy.. P/E still very favorable on the sector.
Recs
drewjp
(72.81)
Submitted: 6/18/2008 2:01:59 PM :
Start Price:
$100.47
SLX Score:
-26.22
Steel has been a hot commodity ever since China and India have upped their demand. Current outlook is very positive and this fund is diverse enough.
Recs
rvh95rvh95
(61.97)
Submitted: 6/7/2008 11:47:53 AM :
Start Price:
$103.38
SLX Score:
-26.20
Took notice of this industry when the price of scrap steel started to climb. Steel is hot and should remain strong in the next decade as China and India continue to industrialize. Low risk with lots of upside in this ETF.
Recs
JDKeene
(92.63)
Submitted: 5/29/2008 11:25:10 PM :
Start Price:
$101.09
SLX Score:
-23.94
from ETF Screener
Recs
punk71
(44.47)
Submitted: 5/22/2008 1:36:35 PM :
Start Price:
$104.09
SLX Score:
-24.92
Steel will continue to rise as supplies are snatched up by the Chinese.
Recs
train444
(< 20)
Submitted: 5/19/2008 11:10:09 AM :
Start Price:
$108.09
SLX Score:
-25.01
Real world holding. Picked based on performance.
Recs
BlindSkuirrel
(63.51)
Submitted: 5/16/2008 9:59:09 AM :
Start Price:
$106.12
SLX Score:
-24.53
It's a hard cold fact - steel is where it's at!
Recs
MysticSemjaza
(< 20)
Submitted: 5/12/2008 2:17:36 AM :
Start Price:
$98.64
SLX Score:
-22.08
A great ETF in the red hot steel market -- while individual sector stocks offer greater return, this ETF offers wide exposure to the market -- and has been soaring over the last year.
Recs
msncapsid
(< 20)
Submitted: 4/27/2008 2:15:06 PM :
Start Price:
$93.45
SLX Score:
-18.37
always a need-gotta go up
Recs
Recs
LuvABear
(52.89)
Submitted: 4/5/2008 8:45:39 PM :
Start Price:
$93.49
SLX Score:
-19.53
Lots of bullish signs here. However the stock is overbought. I expect a pull back then another run.
Recs
Happyhusky
(85.84)
Submitted: 4/3/2008 12:39:40 PM :
Start Price:
$87.80
SLX Score:
+16.04
no real logic behind this one
Recs
kjjr
(< 20)
Submitted: 3/17/2008 5:22:12 PM :
Start Price:
$81.71
SLX Score:
-15.39
Global shortages, very few players causing accelerated pricing.
Recs
Recs
pinti
(< 20)
Submitted: 12/20/2007 2:02:58 PM :
Start Price:
$77.74
SLX Score:
-2.71
Takes advantage of rocketing steel prices and rising global demand (mainly China and India), get a good diverse mix of the major steel firms in this ETF from Market vectors. (72.21% YTD) A strong 2008 anticipated.
However, since steel is subject to intense price competition and market volatility, along with governmental interference, tremendous returns are not something you should expect to experience all the time.
SLX can be looked at as another way to participate in emerging markets like China and Vietnam, where strong demand for steel is led by growth in autos, construction, and consumer durables.
For most investors, a more diverse approach to commodities is probably a better approach, but for those who can afford concentration and the risk that goes with it, this fund could make an interesting, but small, component of your portfolio. Recommended 'Buy'
A less risky alterantive which gives you exposure to steel is PowerShares DB Base Metals (DBB)
Recs
ZachGruver
(98.42)
Submitted: 11/3/2007 11:34:49 AM :
Start Price:
$77.29
SLX Score:
-0.30
As global expansion continues, the demand for steel will continue to be strong. As an ETF tracking the American Stock Exchange steel index, it provides great exposure to steel but not as much risk as putting all of your capital into a single steel producer.
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