Bullish Case: With CMC’s Q2 earnings showing strategic growth and cost improvements, strong seasonal demand may lift shares. Despite recent downturns, future construction booms could enhance stock value.


Bearish Case: Steep declines in recent earnings and high P/B ratio suggest overvaluation. Insider sales hint at skepticism among those closest to company operations, potentially forewarning further decline.


Potential Outcomes:

1. Stock rebounds on strong sector outlook, 30%.

2. Ongoing sell-offs from insiders deepen, 40%.

3. Stabilization at current levels due to mixed market signals, 30%.


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April 25, 2024


Commercial Metals Forecast

CMC        Commercial Metals
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











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