POSCO Holdings (NYSE:PKX) 주식

POSCO Holdings

POSCO Holdings Inc is a holding company and operates through its subsidiaries. The company operates across four distinct segments. The first segment is the Steel Segment, which includes the production and sale of steel products. The second segment is the Infrastructure Business, which is further divided into three operations. The Trading Segment comprises trading and natural resource development activities. The Construction Segment involves the planning, designing, and construction of industrial plants, civil engineering projects, and buildings. The Logistics and Others Segment. The third segment is the Secondary Battery Materials Segment, and the fourth segment is the Others Segment.

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지난주 가장 좋은 성과를 보인 대형주 10개는 다음과 같다.

옥타·모더나·스트레티지 등 지난주 급등한 대형주 10종목 (3월 3일~7일)

Intel's Setbacks

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TOST

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이들 11개 대형주들은 지난주 최악의 성과를 거두었다. 그것들이 당신의 포트폴리오에 있나요? 1. 텍사스 퍼시픽 랜드 코퍼레이션(NYSE:TPL) 주식은 OPEC의 공급 결정으로 인해 16.35% 급락했다.

인텔, 유나이티드헬스 및 로켓랩 지난주 최악의 성과를 보인 11개 대형주 중 일부 (12월 2일-6일)

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수요일(4일) 한국 증시는 급락세를 보였다. 윤석열 대통령이 지난밤 비상계엄을 선포한 이후 의회의 반대에 부딪혀 재빠르게 해제하는 극적인 정치적 격변이 발생했기 때문이다. 

한국 증시 급락, 윤석열 대통령의 비상계엄 선포·해제 속 불확실성 촉발

POSCO HOLDINGS INC. American Depositary Shares (Each representing 1/4th of a share of Common Stock)

POSCO Holdings Inc

POSCO Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKX#NYSE">PKX</a>) reported quarterly earnings of $0.64 per share. This is a 70.51 percent decrease over earnings of $2.17 per share from the same period last year. The company reported $12.01 billion in sales this quarter. This is a 20.97 percent decrease over sales of $15.20 billion the same period last year.

Earnings

POSCO Holdings Q1 EPS $0.64 Down From $2.17 YoY, Sales $12.01B Down From $15.20B YoY

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Shares of metals stocks are trading higher as stocks rebound amid overall market volatility as investors assess this week's tariff developments.

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Shares of metals companies are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

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Shares of companies within the broader materials sector are trading lower as markets react to President Trump's announcement of sweeping tariffs.

Shares of steel and aluminum stocks are trading higher amid US steel and aluminum tariffs.

AMRC, BLD, CISS, CLWT, EFX, FGI, FLNC, KITT, MT, PKX, RIO, RUN, SID, SWK

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KITT

Shares of several companies in the broader industrials space are trading lower amid overall market weakness and tariff concerns.

Shares of companies within the broader materials sector are trading lower amid economic worries driven by tariffs and trade policies. Investors may be expecting a decline in investment, which may also be weighing on the industry.

These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Okta Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) shares jumped 24.26% after the company reported <a href="https://www.benzinga.com/analyst-ratings/upgrades/25/03/44108947/okta-stock-is-surging-tuesday-heres-why" target="_blank" rel="noreferrer noopener">better-than-expected</a> Q4 financial results, and several analysts upgraded the <a href="https://www.benzinga.com/quote/BJ/analyst-ratings" target="_blank" rel="noreferrer noopener">stock and raised price forecast</a>.</li>
<li>Arcelor Mittal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MT#NYSE">MT</a>) stock escalated 19.50% amid strength in gold and silver.</li>
<li>ING Groep (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ING#NYSE">ING</a>) stock was up 16.98% after the company announced a €70 million share repurchase program.</li>
<li>POSCO HOLDINGS INC. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKX#NYSE">PKX</a>) shares escalated 15.55% amid overall market strength, fueled by reports that President Trump will delay auto tariffs.</li>
<li>Moderna Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) shares upped 15.02% after CEO Stephane Bancel Disclosed a share purchase.</li>
<li>Elbit Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) stock rose 14.80%.</li>
<li>BJ&#8217;s Wholesale Club Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) stock gained 14.06% after the company reported better-than-expected <a href="https://www.benzinga.com//node/44165337" target="_blank" rel="noreferrer noopener">Q4 financial results</a>. Several analysts <a href="https://www.benzinga.com/quote/BJ/analyst-ratings" target="_blank" rel="noreferrer noopener">raised their price forecast</a> on the stock.</li>
<li>Rocket Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) stock grew 12.64%.</li>
<li>Trip.com Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>) shares jumped 12.61%, probably after China reportedly set a 2025 GDP growth target of around 5% and unlocked stimulus measures.</li>
<li>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) shares rose 12.43% as Bitcoin (CRYPTO: <a href="https://www.benzinga.com/quote/btc/usd" target="_blank" rel="noreferrer noopener">BTC</a>) <a href="https://www.benzinga.com//node/44138476" target="_blank" rel="noreferrer noopener">moved closer to the $90,000 mark</a>.</li>
</ol>
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Okta, Moderna and MicroStrategy Are Among Top 10 Large-Cap Gainers Last Week (Mar 3-Mar 7): Are The Others In Your Portfolio?

NRGV

Shares of several companies in the broader industrials space are trading higher amid overall market strength on reports indicating that President Trump will delay auto tariffs.

These eleven large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Texas Pacific Land Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>) stock tumbled 16.35%, probably due to OPEC's supply decision.</li>
<li>Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) shares plummeted 13.03% after the company announced it halted its application for U.S. semiconductor government grants and cut revenue guidance <a href="https://www.benzinga.com//node/42344223" target="_blank" rel="noreferrer noopener">for the December 2024 quarter</a>.</li>
<li>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) shares dived 13.01% after the company announced <a href="https://www.benzinga.com//node/42267115" target="_blank" rel="noreferrer noopener">the retirement of CEO Pat Gelsinger</a>.</li>
<li>KB Financial Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KB#NYSE">KB</a>) stock declined 12.68%.</li>
<li>Guidewire Software, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>) stock dipped 12.48% after it <a href="https://www.benzinga.com//node/42351588" target="_blank" rel="noreferrer noopener">reported first-quarter results</a>. Analysts revised their <a href="https://www.benzinga.com/quote/gwre/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast on the stock</a>.</li>
<li>Toast, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOST#NYSE">TOST</a>) stock fell 10.86%. It expanded its partnership with Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) to give restaurants more choices and provide guests <a href="https://www.benzinga.com//node/42347476" target="_blank" rel="noreferrer noopener">additional delivery options</a>. Several analysts <a href="https://www.benzinga.com//node/42268538" target="_blank" rel="noreferrer noopener">downgraded the stock</a>.</li>
<li>UnitedHealth Group Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) stock declined 9.93% following the fatal shooting of the insurance division's CEO Brian Thompson outside a Manhattan hotel where the company was <a href="https://www.benzinga.com//node/42365853" target="_blank" rel="noreferrer noopener">hosting its annual investor conference</a>.</li>
<li>Old Dominion Freight Line, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) stock fell 9.83% last week <a href="https://www.benzinga.com//node/42300450" target="_blank" rel="noreferrer noopener">due to the threat of new tariffs</a> on Canada, which could impact several sectors, including transportation companies.</li>
<li>Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) stock lost 9.67% last week due to ongoing conflict in the Middle East affecting commodity prices.</li>
<li>POSCO HOLDINGS INC. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKX#NYSE">PKX</a>) shares decreased 9.67%, probably after South Korean President Yoon <a href="https://www.benzinga.com//node/42306717" target="_blank" rel="noreferrer noopener">Suk Yeol declared martial law</a>.</li>
<li>Rocket Lab USA, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) stock dipped 9.53% last week due to profit-taking in the sector. The company also stated it would announce the launch <a href="https://www.benzinga.com//node/42351319" target="_blank" rel="noreferrer noopener">window for its sixth synspective mission on December 18</a>.</li>
</ol>
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Intel, UnitedHealth And Rocket Lab Are Among Top 11 Large Cap Losers Last Week (Dec 2-Dec 6): Are The Others In Your Portfolio?

<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42307586/bitcoin-dumped-and-recovered-in-south-korea-amid-political-turmoil-an-arbitrage-opportunity-that-wasnt">Political uncertainty surrounding</a> South Korean President Yoon Suk Yeol has spurred heated activity on prediction market Polymarket on Wednesday.
What Happened: <a href="https://polymarket.com/event/south-korean-president-impeached-in-2024?tid=1733326929469">Data</a> from the prediction market shows a 37% probability of Yoon being impeached before the end of 2024.
Another Polymarket question <a href="https://polymarket.com/event/yoon-out-as-president-of-south-korea-in-2024?tid=1733326929195">gives</a> a 29% chance of Yoon being removed from office, underscoring heightened political instability in the country.
This uncertainty has already rippled through <a href="https://www.benzinga.com/news/global/24/12/42306717/south-korean-markets-plunge-amid-political-turmoil-as-president-yoons-martial-law-u-turn-sparks-uncertainty-samsung-sk-hynix-and-hyundai-stocks-tumble">South Korea's financial markets</a>.
Key technology and industrial stocks have taken a hit, with Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) down 1.12%, NVIDIA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) supplier SK Hynix (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HXSCF#OTC">HXSCF</a>) slipping 0.061%, and Hyundai Motor (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>) falling 0.70%. 
The turmoil has also affected U.S.-listed South Korean equities, with Posco Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKX#NYSE">PKX</a>) dropping 4.36% in regular trading before seeing a slight recovery after hours. 
South Korean ETFs in the U.S., including the iShares MSCI South Korea ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWY#NYSE">EWY</a>) and Franklin FTSE South Korea ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLKR#NYSE">FLKR</a>), also saw mixed performances, signaling broader market apprehension.
The situation has also impacted the South Korean won, which weakened by 0.21% against the U.S. dollar, trading at 1,416.65. 
Analysts noted that South Korea&#8217;s crucial role in global supply chains, particularly in semiconductors and automotive production, amplifies the stakes of this political drama.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42317460/vladimir-putin-says-nobody-can-ban-bitcoin-stresses-crypto-will-develop-one-way-or-the-other">Vladimir Putin Says &#8216;Nobody Can Ban Bitcoin,&#8217; Stresses Crypto Will Develop &#8216;One Way Or The Other&#8217;</a>
Why It Matters: The cryptocurrency market, too, felt the shockwaves.
Major coins like Bitcoin and Ethereum plunged on Upbit, South Korea&#8217;s largest crypto exchange, trading at a steep discount compared to international markets. 
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) dropped as low as $71,800 on Upbit compared to $95,500 on Coinbase, while Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) fell to $2,700 on Upbit before recovering. 
The Korea Premium Index, which tracks price differences between South Korean and global exchanges, dipped to -14.67 during the chaos, signaling significant retail selling pressure.
However, the situation stabilized after President Yoon reversed his martial law decision following parliamentary pushback, with Bitcoin and Ethereum rebounding to align more closely with global prices. 
Analysts noted this episode's divergence from the traditional "Kimchi Premium," where South Korean crypto prices often trade at a significant premium.
Historical patterns add further context to the political stakes. 
South Korea has a tumultuous history of leadership changes, with several former presidents either overthrown, impeached, or imprisoned. 
Yoon's presidency, marked by controversy and challenges, now faces increasing scrutiny and the potential for <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42307586/bitcoin-dumped-and-recovered-in-south-korea-amid-political-turmoil-an-arbitrage-opportunity-that-wasnt">a similar fate</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42317024/bitcoin-ethereum-etfs-recorded-over-800-million-in-inflows-on-tuesday">Bitcoin, Ethereum ETFs Recorded Over $800 Million In Inflows On Tuesday</a></li>
</ul>
Photo: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$ETH

South Korea's President To Be Impeached In 2024? Polymarket Traders Are Unsure

South Korean markets traded sharply lower on Wednesday following a dramatic political upheaval that saw President Yoon Suk Yeol briefly impose and then quickly withdraw martial law <a href="https://www.benzinga.com/news/global/24/12/42301885/south-korea-etfs-won-pare-losses-as-yoon-makes-u-turn-on-martial-law-declaration">after facing parliamentary opposition</a>.
What Happened: The benchmark Kospi index fell 1.15% to 2,471.27, while the tech-heavy Kosdaq 100 dropped 2.64% as of 9:49 am local time, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>. 
The political uncertainty particularly affected major technology and industrial stocks, with Samsung Electronics Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) declining 1.12%.
NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) supplier SK Hynix (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HXSCF#OTC">HXSCF</a>) saw its shares drop 0.061%. Other industrial heavyweights also suffered, with Hyundai Motor (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>) falling 0.70% and U.S.-listed Posco Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKX#NYSE">PKX</a>) declining 4.36% to $47.77 on Tuesday&#8217;s regular session. Still, the stock recovered marginally in after-hours trading.
U.S.-based funds tracking South Korean equities showed signs of recovery in after-hours trading, with the iShares MSCI South Korea ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWY#NYSE">EWY</a>) rebounding 0.25% after earlier losses exceeding 6%. The Franklin FTSE South Korea ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLKR#NYSE">FLKR</a>) gained 0.53% after hours.
The political turbulence also impacted currency markets, with the South Korean won weakening 0.21% against the U.S. dollar to 1,416.65. 
The market reaction highlights South Korea&#8217;s crucial role in global supply chains, particularly in semiconductor manufacturing and automotive production, where many companies serve as essential suppliers to major U.S. firms.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/global/24/12/42305773/key-stocks-etf-to-watch-as-french-government-faces-no-confidence-vote">Key Stocks, ETF To Watch As French Government Faces No-Confidence Vote</a></li>
</ul>
Image Via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

South Korean Markets Plunge Amid Political Turmoil As President Yoon's Martial Law U-Turn Sparks Uncertainty: Samsung, SK Hynix, And Hyundai Stocks Tumble

CPNG

Shares of companies US-listed South Korean stocks are trading lower after South Korean President Yoon Suk Yeol declared martial law.

When Kamala Harris lost the 2024 U.S. election last week, these ten large-cap stocks were the worst performers.
<ol>
<li>Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) shares dipped 12.53% last week despite a third-quarter earnings beat due to a weak vaccine demand slowdown. Several <a href="https://www.benzinga.com//node/41854205" target="_blank" rel="noreferrer noopener">analysts lowered their price forecast</a> on the stock.</li>
<li>Honda Motor Company, Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) stock tumbled 11.46% on a decline in the first-half profit <a href="https://www.benzinga.com//node/41781952" target="_blank" rel="noreferrer noopener">and reduced annual profit forecast</a>.</li>
<li>Akamai Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) shares declined 10.67% after the company <a href="https://www.benzinga.com//node/41823455" target="_blank" rel="noreferrer noopener">revised its FY24 guidance</a>.</li>
<li>Advanced Drainage Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMS#NYSE">WMS</a>) stock fell 10.53% after it reported worse-than-expected second-quarter results and cut its FY25 <a href="https://www.benzinga.com//node/41839671" target="_blank" rel="noreferrer noopener">net sales outlook</a>.</li>
<li>AstraZeneca PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZN#NASDAQ">AZN</a>) shares decreased 9.72% following a report suggesting that the company&#8217;s insurance fraud <a href="https://www.benzinga.com//node/41754167" target="_blank" rel="noreferrer noopener">involved senior executives in China</a>.</li>
<li>Pinterest, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) stock was down 9.60% after the company reported third-quarter results, and several analysts cut <a href="https://www.benzinga.com//node/41850902" target="_blank" rel="noreferrer noopener">the price forecast on the stock</a>.</li>
<li>MercadoLibre, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) shares fell 9.29% after it reported <a href="https://www.benzinga.com//node/41793254" target="_blank" rel="noreferrer noopener">third-quarter financial results</a>.</li>
<li>First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) stock declined 8.64%, probably due to Donald Trump&#8217;s presidential election victory. Investors may be assessing Trump&#8217;s policies<a href="https://www.benzinga.com//node/41778433" target="_blank" rel="noreferrer noopener"> regarding solar and renewable energy</a>.</li>
<li>POSCO HOLDINGS INC. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKX#NYSE">PKX</a>) shares were down 8.42%.</li>
<li>Floor &amp; Decor Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FND#NYSE">FND</a>) stock fell 8.22%.</li>
</ol>
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/11/41886058/donald-trump-victory-week-nov-4-8-these-large-cap-stocks-were-biggest-gainers" target="_blank" rel="noreferrer noopener">Donald Trump Victory Week (Nov 4-8): These Large Cap Stocks Were Biggest Gainers</a></li>
</ul>
Image via Shutterstock

AKAM

FSLR

MELI

PINS

The Week Kamala Harris Lost (Nov 4-8), These Large Cap Stocks Lost Big

Provisional Earnings in Separate Financial Statements Base
(Disclosure of POSCO HOLDINGS' Subsidiary Company POSCO)
(In trillions of KRW)
&nbsp;
<figure class="table"> 
<table>
<tbody>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>Q3&nbsp;2024</td>
<td>&nbsp;</td>
<td>Q2&nbsp;2024</td>
<td>&nbsp;</td>
<td colspan="2">Changes&nbsp;over Q2 2024(%)</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>Q3&nbsp;2023</td>
<td>&nbsp;</td>
<td colspan="2">Changes&nbsp;over Q3 2023 (%)</td>
<td>&nbsp;</td>
</tr>
<tr>
<td rowspan="2">Revenue</td>
<td>&nbsp;</td>
<td>Amount</td>
<td>&nbsp;</td>
<td>9.48</td>
<td>&nbsp;</td>
<td>9.28</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>2.2</td>
<td>%&nbsp;</td>
<td>&nbsp;</td>
<td>9.68</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>-2.1</td>
<td>%&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>
Yearly &nbsp;
Amount
</td>
<td>&nbsp;</td>
<td>28.28</td>
<td>&nbsp;</td>
<td>18.80</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>— </td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>29.60</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>-4.5</td>
<td>%&nbsp;</td>
</tr>
<tr>
<td rowspan="2">Operating Profit</td>
<td>&nbsp;</td>
<td>Amount</td>
<td>&nbsp;</td>
<td>0.44</td>
<td>&nbsp;</td>
<td>0.42</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>4.8</td>
<td>%&nbsp;</td>
<td>&nbsp;</td>
<td>0.73</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>-39.7</td>
<td>%&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>
Yearly &nbsp;
Amount
</td>
<td>&nbsp;</td>
<td>1.15</td>
<td>&nbsp;</td>
<td>0.71</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>— </td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>1.82</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>-36.8</td>
<td>%&nbsp;</td>
</tr>
<tr>
<td rowspan="2">
Profit
before
Income
Tax
</td>
<td>&nbsp;</td>
<td>Amount</td>
<td>&nbsp;</td>
<td>0.35</td>
<td>&nbsp;</td>
<td>0.35</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>0.0</td>
<td>%&nbsp;</td>
<td>&nbsp;</td>
<td>0.67</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>-47.8</td>
<td>%&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>
Yearly &nbsp;
Amount
</td>
<td>&nbsp;</td>
<td>0.95</td>
<td>&nbsp;</td>
<td>0.60</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>— </td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>1.53</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>-37.9</td>
<td>%&nbsp;</td>
</tr>
<tr>
<td rowspan="2">Profit</td>
<td>&nbsp;</td>
<td>Amount</td>
<td>&nbsp;</td>
<td>0.26</td>
<td>&nbsp;</td>
<td>0.27</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>-3.7</td>
<td>%&nbsp;</td>
<td>&nbsp;</td>
<td>0.50</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>-48.0</td>
<td>%&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>
Yearly &nbsp;
Amount
</td>
<td>&nbsp;</td>
<td>0.76</td>
<td>&nbsp;</td>
<td>0.50</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>— </td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>1.16</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>-34.5</td>
<td>%&nbsp;</td>
</tr>
</tbody>
</table>
</figure>
&nbsp;
<figure class="table"> 
<table>
<tbody>
<tr>
<td>&#x2A;</td>
<td>The above earnings information is composed based on&nbsp;K-IFRS&nbsp;(Korean International Financial Reporting Standards) and the independent auditors' review is not finished. Therefore, the earnings information may change in the review process.</td>
</tr>
</tbody>
</table>
</figure>

Earnings Misses

POSCO HOLDINGS Preliminary Q3 Revenue KRW9.48T Down From KRW9.68T YoY, Profit KRW0.27T Down From KRW0.50T YoY

ACHR

AZUL

BEEM

EVTL

GTLS

JCSE

JOBY

KALU

LICY

MVST

PLUG

RYAAY

SKIL

SPXC

TORO

Shares of companies in the broader industrial space are trading higher following the Fed's announcement to cut rates by 50 basis points yesterday, which could support investment and economic growth.

CNEY

CRKN

LITM

SBSW

Shares of metal companies are trading lower amid a drop in price and a report of weak demand in China.

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the R<a href="https://www.benzinga.com/topic/rsi">SI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Ingevity Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGVT#NYSE">NGVT</a>)</h3>
<ul>
<li>On July 31, Ingevity posted weaker-than-expected quarterly results. &#8220;As we move forward with transforming Performance Chemicals into a more profitable and stable segment, we continue to see Performance Materials deliver best-in-class results,&#8221; said John Fortson, president and CEO. The company's stock fell around 22% over the past five days and has a <a href="https://www.benzinga.com/quote/NGVT">52-week low of $34.37</a>.</li>
<li>RSI Value: 18.64</li>
<li>NGVT Price Action: Shares of Ingevity fell 14.1% to close at $35.41 on Monday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to l<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080624&amp;t=be2bearmibe3na1">atest NGVT news</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href=" https://www.benzinga.com/pro/?utm_source=BZprocontent080624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="907" height="818" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06034750/image-17.png" alt="" class="wp-image-478138" style="width:408px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06034750/image-17.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06034750/image-17-300x271.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06034750/image-17-768x693.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<h3 class="wp-block-heading">Posco Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKX#NYSE">PKX</a>)&nbsp;</h3>
<ul>
<li>The company's stock fell around 10% over the past five days. It <a href="https://www.benzinga.com/quote/PKX">has a 52-week low</a> of $58.00.</li>
<li>RSI Value: 19.33</li>
<li>PKX Price Action: Shares of Posco fell 9.2% to close at $58.66 on Monday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080624&amp;t=be2bearmibe3na1"> trend in PKX stock</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href=" https://www.benzinga.com/pro/?utm_source=BZprocontent080624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="912" height="827" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06034854/image-18.png" alt="" class="wp-image-478140" style="width:541px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06034854/image-18.png 912w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06034854/image-18-300x272.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06034854/image-18-768x696.png 768w" sizes="(max-width: 912px) 100vw, 912px" /></a></figure>
<h3 class="wp-block-heading">Mp Materials Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>)</h3>
<ul>
<li>On Aug. 1, MP Materials reported worse-than-expected second-quarter financial results. &#8220;We had a very challenging quarter, operationally and financially, with higher-than-expected upstream downtime and a continued weak pricing environment. Despite this, we more than doubled NdPr production sequentially. We also signed a substantial new NdPr supply agreement with a global automaker,&#8221; said James Litinsky, Founder, Chairman and CEO of MP Materials. The company's shares fell around 21% over the past five days and has a 52-week <a href="https://www.benzinga.com/quote/MP">low of $10.02</a>.</li>
<li>RSI Value: 20.10</li>
<li>MP Price Action: Shares of Mp Materials fell 5.8% to close at $10.52 on Monday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080624&amp;t=be2bearmibe3na1"> breakout in MP shares</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href=" https://www.benzinga.com/pro/?utm_source=BZprocontent080624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="887" height="835" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06035005/image-1-10.png" alt="" class="wp-image-478145" style="width:519px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06035005/image-1-10.png 887w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06035005/image-1-10-300x282.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06035005/image-1-10-768x723.png 768w" sizes="(max-width: 887px) 100vw, 887px" /></a></figure>
<h3 class="wp-block-heading">Stepan Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCL#NYSE">SCL</a>)</h3>
<ul>
<li>On July 31, Stepan reported worse-than-expected second-quarter financial results. &#8220;Second quarter earnings were significantly impacted by higher operational expenses at our Millsdale site, start up costs related to our new Pasadena investment and a criminal social engineering event that targeted one of our Asia subsidiaries, leading to unexpected expense in the quarter.&nbsp; We are actively investigating this fraud event with the assistance of outside counsel, and to date, we have not found any evidence of additional fraudulent activity,&#8221; said Scott Behrens, President and Chief Executive Officer. The company's shares lost around 18% over the past five days. The company's 52-week low is $63.60.</li>
<li>RSI Value: 19.84</li>
<li>SCL Price Action: Shares of Stepan fell 6.5% to close at $73.00 on Monday.</li>
<li>Benzinga Pro&#8217;s earnings calendar was used to t<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080624&amp;t=be2bearmibe3na1">rack earnings reports of SCL</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href=" https://www.benzinga.com/pro/?utm_source=BZprocontent080624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="890" height="835" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06035227/image-19.png" alt="" class="wp-image-478150" style="width:503px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06035227/image-19.png 890w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06035227/image-19-300x281.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06035227/image-19-768x721.png 768w" sizes="(max-width: 890px) 100vw, 890px" /></a></figure>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40178833/dow-records-worst-day-in-around-2-years-mag-7-stocks-lose-650b-in-market-capitalization-greed-index">Dow Records Worst Day In Around 2 Years, Mag 7 Stocks Lose $650B In Market Capitalization: Greed Index Moves To &#8216;Extreme Fear&#8217; Zone</a></li>
</ul>

Long Ideas

NGVT

Top 4 Materials Stocks Which Could Rescue Your Portfolio This Month

The market for coal used to make steel is in the summer doldrums, but supply outages in Australia and the United States are providing underlying tightness that could cause prices to spike in the late summer and fall once Asian <a href="https://www.benzinga.com/topic/steel">steelmakers start restocking.</a>
Mine fires in Australia and West Virginia and a lock and dam closure in Alabama are causing latent tightness that won't become visible until India and China come back to the market between August and October. Once they do, prices are likely to move higher but remain capped below record highs by a sluggish global economy.&nbsp;
"The supply side looks very supportive of met coal prices,"&nbsp;John Berman, chief investment officer with natural resources&nbsp;investment management&nbsp;company&nbsp;Berman Capital Group, told Benzinga. "It's the demand side that is potentially the brakes on any price rally."
Also Read: <a href="https://www.benzinga.com/markets/asia/24/06/39173971/coal-stocks-take-a-breather-as-trading-sentiment-sours-in-commodities-markets-was-the-election-in-in">Coal Stocks Take A Breather As Trading Sentiment Sours In Commodities Markets: Was The Election In India A Factor?</a>
Australia's Grosvenor Outage
Among the top concerns of the market right now is <a href="https://www.benzinga.com/m-a/24/07/39623378/anglo-americans-coal-asset-sale-faces-hurdle-after-fire-at-major-mine">the outage</a> at Anglo American's (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NGLOY#OTC">NGLOY</a>) Grosvenor Mine, which supplies more than 1% of global seaborne steelmaking coal.
An explosion and fire forced the company to suspend production at the mine late last month, knocking out up to 3 million tons of Anglo&#8217;s total expected 15-17 million metric tons of steelmaking coal output for 2024. On Thursday, the miner revised that guidance to 14-15.5 million metric tons.
The day after the explosion, Anglo said the outage could last several months because of likely damage underground.
Last week, Australian mining union officials said they were worried that Grosvenor might close permanently, although they acknowledged that Anglo was trying to recover the mine.
Metallurgical coal prices initially jumped on the Grosvenor news, but then retreated as Anglo reportedly assured customers of third quarter deliveries. However, the company reportedly said it wouldn't be able to meet delivery obligations in the fourth quarter.
"While the incident will continue to provide support and tighten supply, it appears that part of the initial price rally was speculative,"&nbsp;RBC Capital Markets&nbsp;said in a note.
US River Transportation Outage
In the United States, the Army Corp of Engineers closed the Holt Lock and Dam on the Black Warrior River in Alabama on June 22 as a safety precaution because of cracks and leaks. The river is a key artery for barge transportation of coal.
The infrastructure will be closed for three to five months while a new steel-enforced bulkhead can be manufactured, Army engineers said.
The closure means Peabody Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTU#NYSE">BTU</a>) and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37295857/warrior-met-coals-ballooning-development-costs-prompt-analysts-to-rethink-projectio">Warrior Met Coal Inc. </a>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCC#NYSE">HCC</a>) will have to find alternate transportation, Matthew Warder, an analyst with The Coal Trader newsletter, told Benzinga. The companies didn't respond when asked for comment.
US Longview Mine Outage
On June 30, the Longview Mine in West Virginia caught fire, according to media reports. The federal Mine Safety and Health Administration is investigating the incident. 
As of Friday, the mine remained out of commission, sources familiar with the matter told Benzinga. One of the sources said the mine could reopen this week while another said workers had reentered the mine last week.
Industry chatter suggests the mine won't be back to full production for months, although one of the sources said it is the operator's goal to restart mine production as soon as possible.
The mine operator,&nbsp;Allegheny Metallurgical, didn't respond to requests for comment. Privately held Allegheny is a partnership between privately held U.S.-based companies&nbsp;American Metals &amp; Coal International Inc.&nbsp;and&nbsp;JAZ Ventures, South Korea's&nbsp;Posco Holdings&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKX#NYSE">PKX</a>) and Japan's&nbsp;Itochu Corp.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/ITOCY#OTC">ITOCY</a>) .
Based on a similar incident at Peabody's Shoal Creek Mine last year, Warder said the Longview outage could keep 0.5-1.5 million short tons of high volatile metallurgical coal off the market in 2024 and up to 3.5 million short tons off next year if the mine remains offline.
Higher Prices to Benefit Miners
The three incidents have tightened metallurgical coal supply, but at the moment there isn't a strong upward price reaction because steelmakers in India, China, Europe and Brazil aren't yet looking to make purchases on the spot market to replenish their stocks. Meanwhile, U.S. coking coal buyers are just getting their annual procurement process started this month.
"This is a very sleepy time in the market," Warder said.
Late last month, Australian premium coking coal futures, an industry benchmark, could be seen at $233 per metric ton, a far cry from their record high above $360 set in October.
When heavyweight steel producers India and China come back to the market between August and October, the demand may push prices higher than they would otherwise go if not for the production outages in Australia and the United States.
Warder thinks $300 steelmaking coal prices are in play sometime in the fall, although the market won't get back to the highs from the previous year because of a weaker Chinese economy.
"I think we could see $300 in the short term once the restocking season gets underway, although I don't know how sustainable that price will be with current demand," Berman said, adding that "$360, I think, is very unlikely without robust Chinese demand this year."
Firmer prices stand to benefit coking coal producers, Warder said.
That includes BHP and Alpha Metallurgical Resources Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMR#NYSE">AMR</a>), he added. 
Even with Grosvenor out, Anglo American still stands to benefit from its other metallurgical coal production, he said. And Warrior can use other transportation to get its coal to market, meaning the dam and lock outage isn't a showstopper for the company, he said. Peabody will also be able to get its Alabama coal to market, while it also produces Australian coal to sell, he said.
Berman agrees that Warrior and Alpha will be among the biggest beneficiaries as prices move higher. He also adds Australian miner&nbsp;Whitehaven Coal Ltd.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/WHITF#OTC">WHITF</a>) to the list.
"Warrior will likely produce a little more free cash flow through the end of this year than I was expecting," Berman says.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/07/39651178/canadian-regulators-ok-glencore-teck-resources-deal-future-m-a-sanctions-need-exceptional-circumst">Canadian Regulators OK Glencore, Teck Resources Deal: Future M&amp;A Sanctions Need &#8216;Exceptional Circumstances&#8217;</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Analyst Color

Commodities

ITOCY

NGLOY

WHITF

Coal Prices Set To Rise When Restocking Begins After US, Australia Mine Outages

ZEUS

Shares of industrial metal stocks are trading higher following softer-than-expected June CPI figures.

Press Releases

POSCO HOLDINGS INC. Files its Annual Report on Form 20-F

Ascent Industries

Alpha Metallurgical Resources, Inc. Common Stock

Alpha Metallurgical

Cleveland-Cliffs

Commercial Metals

Carpenter Technology Corporation Common Stock

Carpenter Tech

Friedman Indus

Gerdau

Warrior Met Coal

Ramaco Resources, Inc. - Class A Common Stock

Ramaco Resources

Ramaco Resources, Inc. - Class B Common Stock

Mesabi Tr

ArcelorMittal

Metallus

Nucor

Radius Recycling, Inc. - Class A Common Stock

Radius Recycling

Reliance

Ryerson Holding

Companhia Siderurgica Nacional S.A. Common Stock

Companhia Siderurgica

Steel Dynamics

SunCoke Energy

Ternium S.A. Ternium S.A. American Depositary Shares (each representing ten shares, USD1.00 par value)

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