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].

Group 1 - The management at ArcelorMittal has made significant changes, focusing on prioritizing economic returns over mere scale [1] - There is a commitment to increased capital investment, indicating a strategic shift in operational priorities [1]

Core Insights - The article compares ArcelorMittal (MT) and United States Steel (X) to determine which stock is more attractive to value investors [1] Valuation Metrics - ArcelorMittal has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while United States Steel has a Zacks Rank of 5 (Strong Sell) [3] - MT has a forward P/E ratio of 8.14, significantly lower than X's forward P/E of 21.83 [5] - The PEG ratio for MT is 0.15, while X has a PEG ratio of 1.27, suggesting MT is more undervalued relative to its expected earnings growth [5] - MT's P/B ratio is 0.48, compared to X's P/B of 0.74, further indicating MT's relative undervaluation [6] - These metrics contribute to MT's Value grade of A and X's Value grade of D, suggesting MT is the better option for value investors [6]

Core Viewpoint - ArcelorMittal announces the appointment of Everton Negresiolo as CEO of its South American Long Products and mining business, effective April 1, 2025, succeeding Jefferson de Paula who is retiring after a 34-year career with the company [1][2][5][6]. Group 1: Leadership Changes - Everton Negresiolo has been with ArcelorMittal since 2010, holding various senior roles before his current appointment as CEO of South American Long Products [3]. - Jefferson de Paula, who has been with the company since 1991, has held multiple senior leadership positions and has been CEO of the South American Long Products and mining business since 2011 [2][5]. - Jorge Luiz Ribeiro de Oliveira has been nominated as Executive Vice President of ArcelorMittal, effective April 1, 2025 [4]. Group 2: 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 [7]. - 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 [7]. - The company serves a diverse range of customers across various industries, including automotive, engineering, construction, and machinery [7]. Group 3: Strategic Focus - The company aims to produce smarter steels that are cleaner, stronger, and reusable, focusing on innovative processes that reduce energy consumption and carbon emissions [8]. - ArcelorMittal is committed to supporting the transition to renewable energy infrastructure as part of its long-term strategy [8].

Core Viewpoint - The article emphasizes the importance of value investing and highlights ArcelorMittal (MT) as a strong value stock based on various financial metrics [2][4][7] Company Analysis - ArcelorMittal (MT) has a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential for value investors [4] - The Forward P/E ratio for MT is 7.09, significantly lower than the industry average of 10.92, suggesting that MT is undervalued [4] - Over the past year, MT's Forward P/E has fluctuated between a high of 7.83 and a low of 4.80, with a median of 5.76 [4] - The PEG ratio for MT is 0.13, compared to the industry average of 0.37, indicating favorable valuation relative to expected earnings growth [5] - MT's PEG has ranged from a high of 0.56 to a low of 0.13 over the past year, with a median of 0.35 [5] - The P/CF ratio for MT is 5.25, which is attractive compared to the industry average of 13.83, further supporting the notion of undervaluation [6] - MT's P/CF has varied from a high of 14.53 to a low of 4.12 in the past 12 months, with a median of 6.58 [6] - Overall, the financial metrics suggest that ArcelorMittal is likely undervalued and stands out as one of the strongest value stocks in the market [7]