Two ETFs (SLX, XME) For U.S. Steel Earnings
With U.S. Steel (NYSE: X) reporting earnings tomorrow, the ETF Professor recommends watching the Market Vectors Steel ETF (NYSE: SLX). SLX has nearly doubled year-to-date as speculation has swirled that China will renew its voracious demand for steel.
Another ETF that could be in play tomorrow as it also counts U.S. Steel among its top 10 holdings is the SPDR S&P Metals & Mining ETF (NYSE: XME). XME is up about 77% year-to-date.
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