Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Century Aluminum (CENX) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.Century Aluminum is a member of our Industrial Products group, which includes 212 different companies and currently sits at #12 in the Zacks Sector Rank. T ...

Industry Overview - The Zacks Metal Products - Procurement and Fabrication industry is expected to benefit from diverse end-market demand as inflation eases and order volumes rise, supported by improving supply-chain conditions [1][4] - The industry primarily includes metal processing and fabrication service providers that transform metal into parts and components for various sectors such as construction, aerospace, automotive, and more [3] Current Trends - Order levels are anticipated to pick up as inflationary pressures abate, with the New Orders index showing a slight improvement to 47.1% in October from 46.1% in September [4] - The industry has faced challenges from supply-chain issues and labor shortages, but companies are focusing on pricing actions, cost management, and efficiency improvements to mitigate these challenges [5] Growth Catalysts - Automation and a customer-focused approach are expected to drive growth, with increasing demand from end-use sectors like manufacturing and aerospace [6] - Developing countries are seen as promising markets due to rapid industrialization, which is likely to create additional demand for metal products [6] Performance Metrics - The Zacks Metal Products - Procurement and Fabrication industry has outperformed its sector and the S&P 500 composite over the past year, gaining 66% compared to the sector's 30% growth [9] - The industry is currently trading at a forward 12-month EV/EBITDA ratio of 6.04, significantly lower than the S&P 500's 24.81 and the Industrial Products sector's 15.76 [11] Company Highlights - **Northwest Pipe Company (NWPX)**: Implementing cost-reduction techniques and benefiting from the Infrastructure Investment and Jobs Act, which allocates $55 billion for water infrastructure projects [14][15] - **Century Aluminum (CENX)**: Acquired a 55% interest in a bauxite mining venture, which ensures supply and lowers logistics costs, with plans to build the first U.S. primary aluminum smelter in 45 years [18][19] - **Norsk Hydro ASA (NHYDY)**: Focusing on reducing costs and improving operational excellence, with plans to invest in low-carbon aluminum and renewable energy projects [20][21] - **ESAB Corporation (ESAB)**: Expanding through acquisitions and simplifying product lines, with expectations for improved adjusted EBITDA and earnings per share in 2024 [22][23]

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Century Aluminum (CENX) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.Century Aluminum is a member of the Industrial Pr ...

Century Aluminum (CENX) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The upward trend in estimate revisions for this aluminum producer reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trend ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potenti ...

Century Aluminum Company (CENX) logged earnings of 46 cents per share for the third quarter of 2024, beating the Zacks Consensus Estimate of 32 cents. The figure compares favorably with the prior-year quarter’s loss of 45 cents and a loss of 3 cents in the previous quarter.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The sequential increase in earnings in the third quarter was due to the recognition of full-year 2023 and year-to-date 2024 Inflation Reduction Act Advanced Manufactur ...

Century Aluminum Company (NASDAQ:CENX) Q3 2024 Earnings Conference Call November 4, 2024 5:00 PM ET Company Participants Ryan Crawford - Financial Planning & Analysis & Investor Relations Manager Jesse Gary - President & Chief Executive Officer Jerry Bialek - Executive Vice President & Chief Financial Officer Peter Trpkovski - Senior Vice President of Finance & Treasurer Conference Call Participants Lucas Pipes - B. Riley Securities Katja Jancic - BMO Capital Markets John Tumazos - Very Independent Research ...

Century Aluminum Company 3 rd Quarter Earnings Call November 4, 2024 Cautionary Statement Certain statements in this presentation, and those made by Century Aluminum Company management on the quarterly conference call, relate to future events and expectations and are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "expect," "hope," "target," "anticipate," "intend," "plan," "seek," "estimate," "potential," "project," "scheduled ...