Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential [1] - Identifying the right entry point for fast-moving stocks is challenging, and investors may end up with expensive shares that have limited upside [1] Group 2: Zacks Momentum Style Score - The Zacks Momentum Style Score helps identify stocks with strong price or earnings trends, and the 'Fast-Paced Momentum at a Bargain' screen identifies attractively priced fast-moving stocks [2] Group 3: ArcelorMittal (MT) Stock Analysis - ArcelorMittal (MT) has shown a four-week price change of 3.8%, indicating growing investor interest [3] - Over the past 12 weeks, MT's stock gained 29.7%, demonstrating its ability to deliver positive returns over a longer timeframe [4] - MT has a beta of 1.79, suggesting it moves 79% higher than the market in either direction, indicating fast-paced momentum [4] - MT has a Momentum Score of A, suggesting it is an opportune time to invest in the stock [5] Group 4: Earnings Estimates and Valuation - MT has received upward revisions in earnings estimates, earning a Zacks Rank 2 (Buy), which is associated with strong momentum effects [6] - The stock is trading at a Price-to-Sales ratio of 0.38, indicating it is relatively cheap, as investors pay only 38 cents for each dollar of sales [6] - MT appears to have significant potential for growth at a fast pace [7] Group 5: Additional Investment Opportunities - Besides MT, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [7] - Zacks offers over 45 Premium Screens tailored to different investing styles, which can help identify winning stock picks [8]

Financial Performance - ArcelorMittal published its statutory financial statements for the year ended 31 December 2024 [1] - The company generated revenues of $62.4 billion in 2024 [3] Production Metrics - ArcelorMittal produced 57.9 million metric tonnes of crude steel in 2024 [3] - The company also produced 42.4 million tonnes of iron ore during the same period [3] Company Overview - ArcelorMittal is one of the world's leading integrated steel and mining companies, operating in 60 countries [3] - It is the largest steel producer in Europe and has significant operations in the Americas and Asia through its joint venture AM/NS India [3] Corporate Purpose - The company's purpose is to produce smarter steels that use less energy, emit significantly less carbon, and reduce costs [4] - ArcelorMittal aims to support the renewable energy infrastructure and societal transformation through innovative steel production [4]

Group 1 - The article highlights twelve actionable investment ideas on tickers with less coverage, referred to as "The Undercovered Dozen" [1] - Inclusion criteria for "undercovered" tickers include a market cap greater than $100 million, more than 800 symbol page views in the last 90 days on Seeking Alpha, and fewer than two articles published in the past 30 days [1] - The focus ranges from "boring" large caps to promising up-and-coming small caps, providing a diverse set of investment opportunities [1]

Core Insights - Zacks Premium offers tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Industry Rank, Equity Research reports, and Premium stock screens [1][2] - The Zacks Style Scores provide a framework for evaluating stocks based on value, growth, and momentum characteristics, aiding investors in selecting securities with high potential for market outperformance [2][3] Zacks Style Scores - The Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each rated from A to F based on their potential to outperform the market [3][4][5][6] - Value Score focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales [3] - Growth Score assesses a company's future earnings and sales potential to find stocks with sustainable growth [4] - Momentum Score evaluates price trends and earnings outlook to identify favorable buying opportunities [5] - VGM Score combines the three Style Scores to highlight stocks with the best overall characteristics [6] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investors in building successful portfolios [7] - Stocks rated 1 (Strong Buy) have historically delivered an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal investment potential [9][10] Company Spotlight: ArcelorMittal - ArcelorMittal is the world's leading steel and mining company, operating in over 60 countries with a diverse portfolio of competitive steel plants [11] - The company holds a Zacks Rank of 2 (Buy) and a VGM Score of A, indicating strong investment potential [11] - ArcelorMittal's shares have increased by 7.3% in the past four weeks, supported by positive earnings estimate revisions for fiscal 2025 [12] - The Zacks Consensus Estimate for ArcelorMittal's earnings has risen to $3.75 per share, with an average earnings surprise of 4.1% [12]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than the traditional "buying low and selling high" approach, aiming for quicker profits [1] Group 1: Momentum Investing Characteristics - Fast-moving trending stocks can be difficult to enter at the right time, as they may lose momentum if future growth does not justify their high valuations [2] - A safer strategy involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: ArcelorMittal (MT) Analysis - ArcelorMittal has shown a price increase of 7.3% over the past four weeks, indicating growing investor interest [4] - The stock has gained 33% over the past 12 weeks, with a beta of 1.79, suggesting it moves significantly more than the market [5] - MT has a Momentum Score of A, indicating a favorable time to invest based on momentum [6] Group 3: Earnings Estimates and Valuation - An upward trend in earnings estimate revisions has contributed to MT's Zacks Rank 2 (Buy), which is associated with strong momentum effects [7] - MT is trading at a Price-to-Sales ratio of 0.40, suggesting it is undervalued, as investors pay only 40 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides MT, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Various Zacks Premium Screens are available to help identify winning stock picks based on different investing styles [9]

Core Insights - ArcelorMittal is a leading integrated steel and mining company with operations in 60 countries and primary steelmaking in 15 countries, making it the largest steel producer in Europe and a significant player in the Americas and Asia [3] Group 1: Company Overview - In 2024, ArcelorMittal generated revenues of $62.4 billion, produced 57.9 million metric tonnes of crude steel, and 42.4 million tonnes of iron ore [3] - The company serves a diverse range of industries including automotive, engineering, construction, and machinery [3] Group 2: Corporate Purpose - ArcelorMittal aims to produce smarter steels that utilize innovative processes to reduce energy consumption, carbon emissions, and costs [4] - The company focuses on creating cleaner, stronger, and reusable steels to support renewable energy infrastructure and societal transformation [4] Group 3: Stock Information - ArcelorMittal is listed on multiple stock exchanges including New York, Amsterdam, Paris, Luxembourg, and various Spanish exchanges [5]

Core Viewpoint - The article emphasizes the importance of value investing, highlighting companies that are undervalued by the market and using metrics like P/E, PEG, and P/CF ratios to identify strong investment opportunities [2][4][5][6]. Company Analysis - ArcelorMittal (MT) is currently rated 2 (Buy) with an A for Value, featuring a P/E ratio of 8.03 compared to the industry average of 10.98 [4]. - MT's Forward P/E has fluctuated between 4.80 and 8.54 over the past year, with a median of 5.80 [4]. - The PEG ratio for MT stands at 0.15, significantly lower than the industry average of 0.37, with historical values ranging from 0.13 to 0.56 and a median of 0.35 [5]. - MT's P/CF ratio is 6.06, compared to the industry average of 13.97, with a range over the past year from 4.12 to 14.53 and a median of 6.58 [6]. Additional Company Insights - Salzgitter (SZGPY) is also highlighted as a strong value stock, rated 2 (Buy) with a Value score of A, featuring a P/B ratio of 0.27 against the industry average of 1.58 [7]. - SZGPY's P/B ratio has varied from 0.15 to 0.29 over the past year, with a median of 0.20 [7]. - Both MT and SZGPY are considered impressive value stocks due to their strong earnings outlook and undervaluation metrics [8].

Company Overview - ArcelorMittal is one of the world's leading integrated steel and mining companies, operating in 60 countries with primary steelmaking operations in 15 countries [2] - It is the largest steel producer in Europe and among the largest in the Americas, with a growing presence in Asia through its joint venture AM/NS India [2] - In 2024, ArcelorMittal generated revenues of $62.4 billion, produced 57.9 million metric tonnes of crude steel, and 42.4 million tonnes of iron ore [2] Purpose and Innovation - The company's purpose is to produce smarter steels that are cleaner, stronger, reusable, and made using innovative processes that consume less energy and emit significantly less carbon [3] - ArcelorMittal aims to support the renewable energy infrastructure necessary for societal transformation throughout this century [3] Financial Reporting - ArcelorMittal has published its annual report for the year ended 31 December 2024, which is available on the Luxembourg Stock Exchange's electronic database [1]

Core Points - ArcelorMittal has filed its Annual Report 2024 on Form 20-F with the U.S. Securities and Exchange Commission (SEC) [1] - The report includes audited financial statements and is available for shareholders upon request [1] - In 2024, ArcelorMittal generated revenues of $62.4 billion, produced 57.9 million metric tonnes of crude steel, and 42.4 million tonnes of iron ore [3] Company Overview - ArcelorMittal is one of the world's leading integrated steel and mining companies, operating in 60 countries with primary steelmaking operations in 15 countries [3] - It is the largest steel producer in Europe and has a significant presence in the Americas and Asia through its joint venture AM/NS India [3] - The company serves a diverse range of customers across various industries, including automotive, engineering, construction, and machinery [3] Purpose and Vision - The company's purpose is to produce smarter steels that are cleaner, stronger, reusable, and made using innovative processes that reduce energy consumption and carbon emissions [4] - ArcelorMittal aims to support the transition to renewable energy infrastructure and contribute to societal changes throughout the century [4]

Financial Performance - ArcelorMittal reported sales of $62.4 billion for the year ended December 31, 2024, an 8.5% decrease from $68.3 billion in 2023, primarily due to a 7.6% decline in average steel selling prices and a 2.4% decrease in steel shipments [943]. - Operating income for 2024 was $3.31 billion, a significant increase from $2.34 billion in 2023, despite lower sales [929]. - Operating income for the year ended December 31, 2024, was $3.3 billion, an increase of 43.5% compared to $2.3 billion in 2023, despite challenges from illegal blockades and lower iron ore prices [953]. - Income from investments in associates, joint ventures, and other investments decreased to $779 million for the year ended December 31, 2024, from $1,184 million in 2023, affected by lower contributions from AMNS India [996]. - ArcelorMittal's net income attributable to equity holders of the parent was $1.3 billion in 2024, compared to $0.9 billion in 2023 and $9.3 billion in 2022 [1045]. Sales and Shipments - Steel shipments decreased by 2.4% to 54.3 million tonnes in 2024 compared to 55.6 million tonnes in 2023; on a comparable basis, shipments were 1.7% higher when excluding Kazakhstan operations [933]. - Average steel selling prices fell by 7.6% in 2024 compared to 2023, consistent with international price trends [936]. - The North America segment reported sales of $11.9 billion in 2024, a decrease from $13.0 billion in 2023, with operating income dropping to $1.31 billion from $1.92 billion [929]. - The Europe segment's sales fell to $29.95 billion in 2024 from $31.7 billion in 2023, with operating income decreasing to $386 million from $879 million [929]. - Sustainable Solutions segment sales were $10.72 billion in 2024, down from $11.47 billion in 2023, with operating income declining to $57 million from $225 million [929]. Production and Costs - Total iron ore production increased by 1.1% to 42.4 million tonnes in 2024, up from 42.0 million tonnes in 2023 [940]. - Cost of sales for 2024 was $56.7 billion, down from $63.5 billion in 2023, driven by lower raw material costs [946]. - Energy costs for the year ended December 31, 2024, totaled $5.858 billion, a decrease of 14.0% from $6.815 billion in 2023, and represented 10% of cost of sales [949]. - Crude steel production in North America decreased by 13.6% to 7.5 million tonnes in 2024, impacted by illegal blockades, resulting in an estimated loss of 800,000 tonnes of production [956]. - Crude steel production in Brazil increased by 4.0% to 14.5 million tonnes in 2024, driven by the consolidation of ArcelorMittal Pecém [968][970]. Debt and Financing - As of December 31, 2024, ArcelorMittal's total debt was $11.6 billion, an increase from $10.7 billion in 2023 [1052]. - Net debt rose to $5.1 billion in 2024 from $2.9 billion in 2023, reflecting an increase in long-term and short-term debt [1053]. - The company signed a new $5.5 billion revolving credit facility on May 29, 2024, maturing in 2029, replacing the previous facility [1066]. - The repayment schedule for total gross debt as of December 31, 2024, includes $2.7 billion in 2025 and $1.3 billion in 2026 [1061]. - Gearing ratio (net debt divided by total equity) increased to 10% in 2024 from 5% in 2023 [1047]. Cash Flow and Investments - For the year ended December 31, 2024, net cash provided by operating activities decreased to $4.9 billion, compared to $7.6 billion in 2023 and $10.2 billion in 2022 [1083][1085]. - Capital expenditures for the year ended December 31, 2024, were $4.4 billion, with expectations for 2025 capital expenditures to remain in the range of $4.5 to $5.0 billion [1087][1090]. - Net cash used in investing activities was $5.0 billion for the year ended December 31, 2024, down from $5.8 billion in 2023 [1087][1096]. - The Company repurchased 78 million shares for a total value of $2.0 billion by December 31, 2024, representing 92% of the current share buyback program [1079]. - Dividend payments for the year ended December 31, 2024, totaled $580 million, compared to $531 million in 2023 and $663 million in 2022 [1105]. Market Risks - The company is exposed to various market risks, including fluctuations in raw material prices and foreign currency exchange rates [1108]. - ArcelorMittal's foreign currency translation risk could significantly impact its consolidated financial statements due to the translation of subsidiaries' financials denominated in currencies other than the U.S. dollar [1120]. - The company has implemented strict policies to manage financial market risks, overseen by the CEO and CFO [1111].