Cantor Morning News | Industrials

Speculation about sheet price increases at NUE yesterday helped the steel to close up small yesterday despite the recent negative sentiment in China and the price weakness in hot rolled steel. Auto numbers expected today. JOYG reported this am and while revenue estimates were lighter than forecast, the focus should be raised guidance going forward which may provide a lift for heavy machinery stocks. Metals may also see a boost this am as copper rallied after China manufacturing and Australia’s economy grew faster than expected.

Cantor Flows

BZ, DAN, CBI, MWA, VSTNQ

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