The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Carpenter Technology (CRS) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.Carpenter Technology is one of 240 companies in the Basic Materials group. The Basic Materials group currently sits at #3 within the Zacks Sector Rank. The Zac ...

Carpenter Technology (CRS) ended the recent trading session at $80.40, demonstrating a -0.14% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.02%. Meanwhile, the Dow experienced a drop of 0.11%, and the technology-dominated Nasdaq saw an increase of 0.1%.Prior to today's trading, shares of the maker of stainless steels and special alloys had gained 17.57% over the past month. This has outpaced the Basic Materials sector's loss of 2.03% and the S&P 500's loss of 3 ...

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 ...

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PHILADELPHIA , April 05, 2024 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE:CRS) plans to host a conference call and webcast on Wednesday, May 1, 2024 at 10:00 a.m. ET to discuss the results of operations for the third quarter of fiscal year 2024, ended March 31, 2024. The call and webcast will follow the release of third quarter fiscal 2024 financial results before the market opens on Wednesday, May 1, 2024. Conference Call and Webcast Details What: Carpenter Technology Third Quarter Fiscal 2 ...

Shares of Dow Inc. (DOW) have gained 13.4% over the past six months. The company has also outperformed its industry’s decline of 1% over the same time frame.Let’s dive into the factors behind this Zacks Rank #3 (Hold) stock’s price appreciation. Image Source: Zacks Investment ResearchWhat’s Going in DOW’s Favor?Better-than-expected earnings performance in the fourth quarter contributed to the run-up in the company’s shares. Its adjusted earnings of 43 cents per share for the quarter topped the Zacks Consens ...

Shares of FMC Corporation (FMC) have gained 10.4% over the past three months. The company has also outperformed its industry’s decline of 1.6% over the same time frame. It has also topped the S&P 500’s roughly 9.7% rise over the same period.Let’s take a look into the factors that are driving this Zacks Rank #3 (Hold) stock.Image Source: Zacks Investment ResearchWhat’s Going in FMC’s Favor?FMC is benefiting from its efforts to expand product portfolio, boost market position and its cost-reduction actions ami ...

Shares of Carpenter Technology (CRS) have gained 7.2% over the past four weeks to close the last trading session at $67.93, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $86.33 indicates a potential upside of 27.1%.The mean estimate comprises three short-term price targets with a standard deviation of $13.32. While the lowest estimate of $75 indicates a 10.4% increase from the ...

From a technical perspective, Carpenter Technology (CRS) is looking like an interesting pick, as it just reached a key level of support. CRS recently overtook the 50-day moving average, and this suggests a short-term bullish trend.The 50-day simple moving average is one of three major moving averages used by traders and analysts to determine support or resistance levels for a wide range of securities. But the 50-day is considered to be more important because it's the first marker of an up or down trend.CRS ...

Shares of Carpenter Technology (CRS) have gained 5% over the past four weeks to close the last trading session at $64.94, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $86.33 indicates a potential upside of 32.9%.The average comprises three short-term price targets ranging from a low of $75 to a high of $101, with a standard deviation of $13.32. While the lowest estimate indic ...