The analysts at Standard & Poor’s, who have pegged the U.S. economy’s growth rate at a paltry 2% for 2012, say that advisors and investors might find some value in steel stocks and ETFs.
Leo Larkin, S&P Equity Research’s Equity mining and metals analyst told On Wall Street, “Investors have priced a recession into the value of steel stocks, and I don’t see it. So I would say that steel is undervalued right now.”
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