Core Viewpoint - The Department of Commerce has issued a preliminary ruling recognizing that rebar from Algeria has been unfairly dumped into the U.S. market, resulting in an immediate anti-dumping margin of 127% on such imports [1]. Group 1: Company Response - The CEO of Commercial Metals Company (CMC) expressed gratitude to the Department of Commerce for defending fair trade, emphasizing that the ruling protects domestic steelmakers and workers from unfair practices by Algerian producers [2]. Group 2: Industry Context - The preliminary ruling is part of a trade petition filed by the U.S. domestic rebar industry in June 2025, which also includes allegations against steel producers from Bulgaria, Egypt, and Vietnam [1]. - Further preliminary rulings regarding countervailing duty investigations for Egypt, Vietnam, and Algeria are expected in January 2026, while antidumping duty investigations for Egypt, Vietnam, and Bulgaria will have preliminary rulings in March 2026 [1].

Core Insights - Commercial Metals Company (CMC) published its 2025 sustainability report, highlighting its industry-leading environmental performance and progress on social and governance issues [1][2] - This year marks the eleventh year of sustainability reporting for CMC, emphasizing its commitment to sustainable practices [1][2] Environmental Performance - The sustainability report showcases updates on CMC's environmental management systems, reinforcing its dedication to sustainability [1] Social and Governance Issues - CMC's CEO, Peter Matt, stated the company's commitment to making a positive impact on a sustainable future, indicating a focus on long-term success through sustainable practices [2] Company Overview - CMC is positioned as an innovative solutions provider in the construction sector, with a manufacturing network primarily in the United States and Central Europe [2] - The company offers products and technologies that address critical reinforcement needs across various construction applications, including infrastructure and energy generation [2]

Group 1 - The Annual General Meeting of Cielo Waste Solutions Corp. is being held virtually via Teams video conference [1] - Sheila Leggett serves as the Chair of the Board, with Ryan Jackson as the CEO present at the meeting [1] - Antony Szaszkiewicz is appointed as the Secretary of the meeting, with Matthew Kelly and Chelsea Nunan acting as scrutineers [2]

Group 1 - The company announced an amendment to its revolving credit facility, increasing borrowing capacity from $600 million to $1 billion [1] - The maturity date of the revolving credit facility has been extended from October 26, 2029, to December 17, 2030 [1] Group 2 - Commercial Metals Company (CMC) is an innovative solutions provider focused on building a stronger, safer, and more sustainable world [2] - The company operates an extensive manufacturing network primarily located in the United States and Central Europe, offering products and technologies for the global construction sector [2] - CMC's solutions cater to various applications in early-stage construction, including infrastructure, non-residential, residential, industrial, and energy generation and transmission [2]

Market Overview - U.S. stocks are showing strong momentum as major indexes approach record levels, with shallow short-term pauses indicating investor confidence for a positive year-end and transition into the new year [1] - Recent labor and economic updates present a mixed but reassuring picture, suggesting a gradual slowdown in job growth rather than a sharp decline, which may lead policymakers to support employment as the year ends [2] Investment Strategy - Relative price strength is highlighted as a practical strategy for investors, with stocks that have outperformed during year-end often becoming leaders in the following year [3] - Stocks recommended based on relative price strength include Commercial Metals Company (CMC), Illumina (ILMN), Kinross Gold (KGC), Las Vegas Sands (LVS), and Hamilton Insurance Group (HG) [3] Stock Performance and Estimates - Commercial Metals Company (CMC) has a market capitalization of $7.9 billion, with a projected earnings growth of 95.9% for fiscal 2026 and a share price increase of 38.7% over the past year [10][11] - Illumina (ILMN) has a market capitalization of $20.6 billion, with a projected earnings growth of 92.2% for 2025, although shares have decreased by 1.8% in the past year [11][12] - Kinross Gold (KGC) is expected to see a 147.1% year-over-year growth in earnings per share for 2025, with shares increasing by 208% in the past year [12][13] - Las Vegas Sands (LVS) has a market capitalization of $45.3 billion, with a projected earnings growth of 30% for 2025 and a share price increase of 32% over the past year [14] - Hamilton Insurance Group (HG) has a market capitalization of $2.8 billion, with an 18.5% upward revision in earnings estimates for 2025 and a share price increase of 50.9% in the past year [15][16] Screening Parameters - Stocks are screened based on relative price changes over 12 weeks, 4 weeks, and 1 week, focusing on those outperforming the S&P 500 [8] - Stocks must have a current price of at least $5, an average 20-day volume of at least 50,000, and a VGM Score of A or B to qualify for potential investment [10]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Commercial Metals (CMC) - CMC currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting it is expected to outperform the market [3] Price Performance - CMC shares have increased by 5.53% over the past week, outperforming the Zacks Steel - Producers industry, which rose by 1.62% [5] - Over the past month, CMC's price change is 21.15%, compared to the industry's 7.55% [5] - In the last quarter, CMC shares rose by 23.91%, and over the past year, they increased by 26.64%, while the S&P 500 only moved 3.31% and 13.94%, respectively [6] Trading Volume - CMC's average 20-day trading volume is 894,687 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, three earnings estimates for CMC have been revised upwards, increasing the consensus estimate from $4.93 to $6.13 [9] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions [9] Conclusion - Given the strong momentum indicators and positive earnings outlook, CMC is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a compelling investment option [11]

Core Viewpoint - Commercial Metals Company (CMC) has successfully acquired Foley Products Company for a cash purchase price of $1.84 billion, enhancing its position in the precast concrete market [1]. Group 1: Acquisition Details - The acquisition of Foley Products Company, a leading supplier of precast concrete and pipe products, is aimed at expanding CMC's operations in the Southeast and other regions of the U.S. [2] - Foley operates 18 facilities across nine states and is recognized for its comprehensive portfolio of solutions critical for various infrastructure applications [2]. Group 2: Strategic Implications - The acquisition is expected to create a significant growth platform for CMC, providing opportunities to generate value for customers and shareholders [3]. - With the completion of this acquisition, CMC now operates one of the largest precast concrete businesses in the United States, positioning itself for future growth [3]. Group 3: Company Overview - CMC is an innovative solutions provider focused on building a stronger and more sustainable world, offering products and technologies for the global construction sector [4]. - The company supports early-stage construction across various applications, including infrastructure, non-residential, residential, industrial, and energy generation [4].

Market Overview - The U.S. stock markets ended the week mostly lower, with the Nasdaq Composite and S&P 500 slipping by 1.49% and 0.28% respectively due to a sharp selloff in tech stocks [1] - The Dow Jones Industrial Average gained 1.51% as investors rotated toward value and traditional sectors [1] Federal Reserve Actions - The Federal Reserve cut its key overnight borrowing rate by a quarter-percentage-point, now in the range of 3.5% to 3.75% [2] - This decision was influenced by signs of gradually cooling inflation, aimed at supporting the labor market and stimulating economic growth [2] - The number of Americans filing new applications for unemployment benefits surged to a 4.5-year high of 236,000, indicating a sharp deterioration in the jobs market [2] Stock Performance and Recommendations - Liquidia Corporation (LQDA) shares gained 43.9% since being upgraded to Zacks Rank 2 (Buy) on October 13, outperforming the S&P 500's 4.4% increase [3][6] - The Bank of N.T. Butterfield & Son Limited (NTB) returned 22.7% since its upgrade to Zacks Rank 1 (Strong Buy) on October 7, compared to the S&P 500's 1.5% increase [4] - Western Digital Corporation (WDC) shares advanced 52.8% since its upgrade to Outperform on October 13, significantly beating the S&P 500's 4.4% increase [7] Portfolio Performance - A hypothetical portfolio of Zacks Rank 1 stocks returned +14.3% in 2025, slightly underperforming the S&P 500 index's +14.9% [11] - The Zacks Model Portfolio has outperformed the S&P index by more than 12 percentage points since 1988, with an annualized average return of +23.9% compared to +11.5% for the S&P 500 index [14] Sector-Specific Stocks - Cencora, Inc. (COR) and Fair Isaac Corporation (FICO) returned 18.7% and 18.6% respectively over the past 12 weeks [15] - Johnson & Johnson (JNJ) returned 19.3% over the past 12 weeks, benefiting from investor demand for quality dividend stocks [19]

Industry Overview - The steel industry faced significant price volatility and uneven demand in 2025, influenced by factors such as a slowdown in China, U.S. tariff actions, and fluctuating input costs [1][3] - Steel prices began 2025 weakly, with a peak of nearly $950 per short ton due to a 25% tariff on steel imports, but later fell below $800 per short ton due to weak demand and high output [3] - A recovery in steel prices was observed in Q4 2025, with prices surpassing $900 per short ton, driven by increased demand in construction and automotive sectors [4] Demand Dynamics - China's steel demand weakened due to an economic slowdown, particularly in the real estate sector, which accounts for approximately 40% of its steel consumption [5] - Global steel prices were pressured by oversupply and increased Chinese steel exports, alongside sluggish industrial activity in Europe due to economic challenges [6] - The automotive sector experienced a slowdown in production, impacting steel consumption, while non-residential construction demand remained strong, supported by government infrastructure projects [7][8] Company Performances - Certain steel companies, including Commercial Metals Company (CMC), ArcelorMittal S.A. (MT), Nucor Corporation (NUE), and Steel Dynamics, Inc. (STLD), achieved over 40% gains year-to-date amid the industry's challenges [2][9] - CMC is expanding through acquisitions and price increases, with a focus on growth in North America and a strong financial position [15][16] - ArcelorMittal is enhancing its steel-making capacity and focusing on high-value products, with a significant share price increase of 94.5% in 2025 [17][18] - Steel Dynamics is investing in capacity expansion and has seen strong order activity, with shares rising 50.1% year-to-date [19][21] - Nucor is leveraging strategic investments and acquisitions to boost production capacity, with a share price increase of 40.8% in 2025 [22][23]

Core Insights - Commercial Metals Company (CMC) is a significant player in the steel and metal industry, involved in the production and recycling of steel and metal products, operating in both the U.S. and international markets [1] - Jefferies upgraded CMC's stock from Hold to Buy on December 10, 2025, reflecting a more optimistic outlook, with the stock price at $66.19 at the time of the upgrade [2][6] - CMC is expected to see an 87.5% surge in earnings for fiscal 2026, indicating resilience despite challenges such as tariffs and supply-chain issues [3][6] Market Performance - CMC's current stock price is $66.19, with a slight decrease of 0.57, or approximately -0.85%, and has fluctuated between a low of $65.88 and a high of $66.69 today [4] - Over the past year, CMC's stock has ranged from a high of $68.35 to a low of $37.92, showcasing its market volatility [4] - The company's market capitalization is approximately $7.35 billion, highlighting its significant presence in the industry [5][6] Investor Sentiment - There has been an 8.3% increase in broker ratings for CMC, indicating growing confidence in the company's performance [2] - The trading volume today is 556,594 shares on the NYSE, reflecting strong investor interest [5]