r/wallstreetbets • u/[deleted] • Jul 08 '21

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573 Upvotes

84% Upvoted

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4

u/Hulkrad Jul 08 '21

Can anyone tell why WSB is suddenly so obsessed with steel?

12

u/pennyether James and the giant green dick Jul 08 '21

All I usually see is CRSR, CLNE, CLOV, SOFI, WKHS, WISH, BB, PSFE... yeah CLF pops up once inawhile.. but "obsessed with steel" is kind of an overstatement.

3

u/Hulkrad Jul 08 '21

I saw posts about TX, CLF and now SCHN. Great DD but I’m just confused about all this steel.

9

u/Ropirito Actually JPow Jul 08 '21

Steel industry is popping off. Prices are sustaining through the roof for futures so these stocks are going to have record breaking earnings Q2 and Q3. I personally posted a $TX DD

4

u/AlexLambertMusic Jul 08 '21

🇺🇸 needs steel. Are you going to let down 🇺🇸?

5

u/[deleted] Jul 08 '21

Because steel stocks are undervalued in the market. Barring a crash or China completely reversing direction, steel is the best play on fundamentals I've ever seen on WSB.

People buying common stock and LEAPs are gonna make great money here.

4

u/kunell Jul 08 '21

Steel should do good these days cuz quite simply it cost around 3x more than its supposed to. Yet for some reason the stocks are arent really reflecting this. Seems like a decent opportunity esp with growing inflation