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Evidence AAPL stock’s low prices are a sub rosa ‘steel’(Emphasis and ‘arrow’ added) <<Surprising DISCLOSURE From US Steel Suggests Chip Shortage Is Finally Over BY TYLER DURDEN FRIDAY, OCT 29, 2021 - 02:54 PM Earlier this week, Morgan Stanley showed that more than inflation, more than concerns about the historic labor crisis, definitely more than covid, one thing has preoccupied the minds of most management teams this quarter: "supply chain issues", a topic which has seen an explosion of mentions on Q3 earnings calls. But while by now everyone is aware that the global supply-chain shock is truly historic and getting worse by the day, with used car prices rising sharply again and over 30 million tons of cargo waiting outside US ports ahead of the holiday season, few have considered what realistically could normalize these frayed supply chains. . . . . Earlier today, US Steel jumped as much as 15%, its biggest gain since March 8, after the company announced a stock buyback, a hike in dividends and third-quarter EPS that beat analyst expectations. But it's what US Steel CEO David Burritt said toward the end of the prepared remarks in its conference call that was most surprising. ===> Discussing the demand picture heading into Q4 and the new year, Burritt said that he was "delighted to hear from MULTIPLE auto customers, who are foreshadowing that THE TROUGH OF THE CHIP SHORTAGE COULD BE BEHIND US. They're beginning to add to the fourth quarter and first quarter build schedules, and indicating to us, increasing usage rates, starting as early as NEXT WEEK.">> More … https://www.zerohedge.com/markets/surprising-disclosure-us-steel-suggests-chip-shortage-finally-over United States Steel Corporation https://finance.yahoo.com/quote/X |
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