3 Stocks With Potentially Big Upcoming Catalysts We're Watching Closely In July
Catalysts can be big drivers for stocks. A positive earnings report, upcoming growth project, or other value driver can catapult a stock. That's why investors should be aware of upcoming catalysts for stocks they own or have on their watchlist.
Steel Dynamics (NASDAQ: STLD), Enterprise Products Partners (NYSE: EPD), and Tesla (NASDAQ: TSLA) are three stocks a few Fool.com contributors are watching closely this month. Here are the upcoming catalysts they're keeping an eye on in July.
Reuben Gregg Brewer (Steel Dynamics): The steel industry is highly cyclical, so conservative investors should tread carefully. However, Steel Dynamics is one of the best-positioned companies for strong through-the-cycle performance. That's because the electric arc mini-mills it operates are more flexible than older blast furnace technology, making the steel company's performance resilient even when times are tough. And it continues to expand its footprint in the industry, opening new plants and using its own commodity steel to produce higher-margin specialty products.
Source Fool.com
