Commercial Metals (NYSE:CMC) Bolsa

Commercial Metals

Commercial Metals Co operates steel mills, steel fabrication plants, and metal recycling facilities in the United States and manufactures rebar and structural steel, which are key product categories for the nonresidential construction sector. The Company has three operating and reportable segments: North America Steel Group, Europe Steel Group and Emerging Businesses Group.

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Aquí tienes cinco acciones estadounidenses que podrían llamar la atención de los inversores este lunes: FDS, CMC, AGMH, JRSH y KBH.

5 acciones en el foco este lunes: FDS, CMC, AGMH, JRSH y KBH

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Aquí tienes cinco acciones estadounidenses que podrían llamar la atención de los inversores este lunes: CMC, FF, CREX, BA y MSFT.

5 acciones en el foco este lunes: CMC, FF, CREX, BA y MSFT

Commercial Metals Co

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5 analysts have expressed a variety of opinions on Commercial Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Commercial Metals, presenting an average target of $54.3, a high estimate of $57.50, and a low estimate of $52.00. This current average has increased by 3.43% from the previous average price target of $52.50. 
<img src="https://www.benzinga.com/files/images/story/2025/1752523227_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The standing of Commercial Metals among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bill Peterson</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$54.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Piyush Sood</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$57.50</td>
<td>$53.00</td>
</tr>
<tr>
<td>Katja Jancic</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$55.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Piyush Sood</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$53.00</td>
<td>$48.00</td>
</tr>
<tr>
<td>Bill Peterson</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Neutral</td>
<td>$52.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Commercial Metals. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Commercial Metals compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Commercial Metals's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
To gain a panoramic view of Commercial Metals's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/CMC/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Commercial Metals analyst ratings.</a>
<h2>About Commercial Metals</h2>
Commercial Metals Co operates steel mills, steel fabrication plants, and metal recycling facilities in the United States and manufactures rebar and structural steel, which are key product categories for the nonresidential construction sector. The Company has three operating and reportable segments: North America Steel Group, Europe Steel Group and Emerging Businesses Group.
<h3>Unraveling the Financial Story of Commercial Metals</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Commercial Metals's revenue growth over a period of 3M has faced challenges. As of 31 May, 2025, the company experienced a revenue decline of approximately -2.81%. This indicates a decrease in the company's top-line earnings. When compared to others in the Materials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Commercial Metals's net margin excels beyond industry benchmarks, reaching 4.12%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 2.05%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Commercial Metals's ROA excels beyond industry benchmarks, reaching 1.21%. This signifies efficient management of assets and strong financial health.
Debt Management: Commercial Metals's debt-to-equity ratio is below the industry average at 0.33, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Deep Dive Into Commercial Metals Stock: Analyst Perspectives (5 Ratings)

JP Morgan analyst Bill Peterson maintains Commercial Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) with a Neutral and raises the price target from $52 to $54.

News

Price Target

JP Morgan Maintains Neutral on Commercial Metals, Raises Price Target to $54

Morgan Stanley analyst Piyush Sood maintains Commercial Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) with a Equal-Weight and raises the price target from $53 to $57.5.

Morgan Stanley Maintains Equal-Weight on Commercial Metals, Raises Price Target to $57.5

BMO Capital analyst Katja Jancic maintains Commercial Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) with a Market Perform and lowers the price target from $57 to $55.

BMO Capital Maintains Market Perform on Commercial Metals, Lowers Price Target to $55

Commercial Metals Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) reported its fiscal third quarter adjusted EBITDA short of expectations but guided to improved earnings across segments, according to JPMorgan.
The Commercial Metals Analyst: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5aabc09cb023000001cb8b57/bill-peterson">Analyst Bill Peterson</a> reiterated a Neutral rating with a price target of $52.
The Commercial Metals Thesis: The company reported adjusted EBITDA of $204 million, representing a 20% year-on-year decline and missing consensus of $214 million, Peterson said in the note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Commercial Metals tried a rebar price hike earlier this month, a part of the hike did not stick as a large peer did not follow suit, he stated.
"While the downstream backlog was steady Y/Y, we believe pricing for new order entry faced competitive pressures," the analyst wrote.
Yet, he added, the fiscal fourth quarter guidance is solid, indicating improvement in North American and European Union earnings.
The analyst raised his EBITDA estimate for the quarter by 21% to $284 million.
CMC Price Action: Shares of Commercial Metals had risen by 2.90% to $50.70 at the time of publication on Tuesday.
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</ul>
Image: Shutterstock

Analyst Color

Earnings Misses

Reiteration

Movers

Commercial Metals Guides To Earnings Improvement, Analyst Raises Estimate For Q4

Shares of Commercial Metals Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) initially fell Monday after the company reported <a href="https://www.benzinga.com/pressreleases/25/06/n46048209/cmc-reports-third-quarter-fiscal-2025-results">fiscal third-quarter results</a> that missed Wall Street expectations, but subsequently reversed all of their premarket losses to trade higher.
Net sales rose 2.9% year over year to $2.02 billion, falling short of the $2.05 billion consensus estimate.
Core EBITDA declined to $204.1 million from $256.1 million a year earlier, with the core EBITDA margin narrowing to 10.1% from 12.3%.
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Adjusted earnings per share came in at 74 cents, missing the analysts&#8217; average forecast of 85 cents.
The North America Steel Group demand was solid, with finished steel shipments up 1.6% year over year and 10.4% quarter over quarter on seasonal strength.
Adjusted EBITDA for the North America Steel Group&nbsp;fell to $186 million from $246 million on lower scrap spreads, partly offset by cost-saving initiatives. The margin declined to 11.9% from 14.7%.
The Emerging Businesses Group sales rose 4.7% to $197.5 million; adjusted EBITDA grew 7% to $40.9 million with a 20.7% margin.
The Europe Steel Group experienced a significant turnaround in its third fiscal quarter of 2025, driven by improved market conditions in Poland and reduced import competition, the company said in a press release.
Adjusted EBITDA for the Europe Steel Group surged to $3.6 million from a $4.2 million loss in the prior year, marking the segment&#8217;s strongest performance in two years (excluding energy cost rebates). The adjusted EBITDA margin improved to 1.5%.
CMC ended the quarter with $893 million in cash and more than $1.7 billion in liquidity. It repurchased $50.4 million in stock, and as of May 31, 2025, $254.9 million remained available under the current share repurchase authorization.
On June 18, CMC declared a quarterly dividend of 18 cents per share, its 243rd consecutive payment, payable July 9 to shareholders of record as of June 30.
According to Peter Matt, president and CEO, domestic construction markets remain strong. This resilience is evident in healthy shipment levels, robust new project bids, and a stable backlog of work. Given these factors and CMC&#8217;s significant involvement in the expanding U.S. public infrastructure market, Matt is confident the company will perform well for the remainder of the fiscal year.
CMC expects improved Q4 financial results, driven by seasonally stronger North American steel shipments, rising steel product margins, and higher adjusted EBITDA across all segments.
The Europe Steel Group will also receive a $28 million CO₂ credit, with a second tranche expected in Q1 FY26. Excluding the CO₂ credit, the group&#8217;s adjusted EBITDA is still projected to rise sequentially, supported by favorable market conditions and ongoing cost management.
Emerging Businesses Group results are also expected to improve both year over year and sequentially due to solid project backlogs.
Price Action: CMC shares were trading higher by 0.16% to $48.76 at last check Monday.
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Photo via Shutterstock

Commercial Metals Poised For Q4 Growth Amid Favorable Market Trends, Says CEO

U.S. stock futures dipped into the red after a brief rise Monday morning, as tensions continue to flare in the Middle East, following <a href="https://www.benzinga.com/news/politics/25/06/46042703/iran-calls-us-bombing-of-nuclear-sites-very-very-dangerous-for-everybody">American airstrikes</a> on Iranian nuclear facilities over the weekend.
Investors are on the edge, with potential for further escalation in the crisis, following Iran&#8217;s parliament voting on Sunday to <a href="https://www.benzinga.com/news/politics/25/06/46044009/us-iran-tensions-escalate-as-iran-threatens-hormuz-closure-potentially-rattling-global-oil-markets">authorize the closure</a> of the Strait of Hormuz. 
The 10-year Treasury bond yielded 4.397%, and the two-year bond was at 3.927%. The CME Group&#8217;s FedWatch&nbsp;<a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html" target="_blank" rel="noreferrer noopener">tool</a>‘s projections show markets pricing an 85.5% likelihood of the Federal Reserve keeping the current interest rates unchanged in its next FOMC meeting in late July.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.24%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.19%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.22%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.55%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which tracks the S&amp;P 500, and the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which tracks the Nasdaq 100 index, were both trading lower in pre-market by 0.13% and 0.23%, respectively, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;idm7up&#x2A;_gcl_au&#x2A;OTU0MzA1MzE4LjE3NDcwMTIxNDM.&#x2A;_ga&#x2A;ZGVsZXRlZA..&#x2A;_ga_V7ZK73W7N0&#x2A;czE3NTA2NjM1NzckbzIzNCRnMSR0MTc1MDY2NzQzNCRqNjAkbDAkaDA.">Benzinga Pro</a> data.
Cues From Last Session:
The S&amp;P 500 ended down 0.22% on Friday, with a mixed sector-wise performance. Tech, healthcare, materials, and communications led the decline, while energy, consumer staples, and utilities rose higher, with energy leading the way, up 1.02% during the day.
The Dow Jones Industrial Average was flat during the day, up just 0.08% or 35 points, ending the week at 42,206.82 points, following a volatile session.
Drywall and insulation contractor, GMS Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMS#NYSE">GMS</a>), rallied 23.77% during the day, after becoming an acquisition target of building products company, QXO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NYSE">QXO</a>), which was followed by a string of hikes in the stock&#8217;s price targets, with the high end now at $105, representing a 5% upside from current levels.
The Philadelphia Fed manufacturing survey posted a 4% decline, compared to an analyst consensus of a 2% decline, while the U.S. Leading Economic Indicators release reported a 0.1% decline, in line with forecasts.
The Dow Jones index ended 35.16 points or 0.083% up at 42,206.82, whereas the S&amp;P 500 index fell 0.22% to 5,967.84. Nasdaq Composite declined 0.51% to 19,447.41, and the small-cap gauge, Russell 2000, tumbled 0.17% to end the week at 2,109.27.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.51%</td>
<td>19,447.41</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.22%</td>
<td>5,967.84</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.08%</td>
<td>42,206.82</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.51%</td>
<td>19,447.41</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
As tensions continued to flare between Israel, the U.S., and Iran, leading analysts remain optimistic regarding the market at the start of the new week.
Leading tech analyst, Dan Ives, shared on Sunday, in a post on X, that <a href="https://www.benzinga.com/news/politics/25/06/46045276/dan-ives-says-iran-threat-is-in-rear-view-mirror-calls-it-positive-for-the-middle-east-and-the-tech-sector">the Iran threat</a> was now in the &#8220;rear-view&#8221; for the markets. He added that the events that took place over the weekend will be seen as &#8220;a positive&#8221; for growth and stability in the Middle East. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The market will view this Iran threat as now gone and that is a positive for growth in the broader Middle East and ultimately the tech sector. It will take some time for this conflict to settle, but the market will view the worst is now in the rear-view mirror. Expect stocks up
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1936772081804292391?ref_src=twsrc%5Etfw">June 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Meanwhile, Iran has vowed to respond to the strikes, declaring it "reserves all options" in the face of U.S. aggression.
Chartered Market Technician, Ryan Detrick, however, cautioned of a pullback in the markets, often seen in late-June or early-July in a post-election year.
&#8220;The headlines are the headlines, but don&#8217;t forget that late June/early July tends to be weak in a post-election year,&#8221; he said on X.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The headlines are the headlines, but don&#39;t forget that late June/early July tends to be weak in a post-election year. <a href="https://t.co/pnRULgmhRY">pic.twitter.com/pnRULgmhRY</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1936932156653056070?ref_src=twsrc%5Etfw">June 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Upcoming Economic Data:
Here&#8217;s what investors will be focused on, when markets open on Monday,
<ul class="wp-block-list">
<li>S&amp;P Flash U.S. Services PMI, along with the S&amp;P Flash U.S. Manufacturing PMI, is set to be released at 9:45 AM ET on Monday. </li>
<li>The Existing Home Sales data is set to be unveiled by 10:00 AM.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>FactSet Research Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>), a financial data provider, is set to release its third quarter results by 9 AM on Monday morning, before markets open. The stock is up 0.04% pre-market. </li>
<li>Commercial Metas Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) will be announcing its third quarter results by 11:00 AM, and the stock is up 6.20% pre-market. </li>
<li>KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>), a homebuilding company, is scheduled to announce its second quarter figures after markets close on Monday. The stock is down 0.44% pre-market. </li>
<li>PACS Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PACS#NYSE">PACS</a>), an operator of skilled-nursing care facilities, is expected to announce its quarterly results after markets close.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures are up 0.49% in the early New York session, with prices hovering around $74.19 per barrel, well below the day&#8217;s high of $77.13.
Gold Spot US Dollar was down 0.06%, trading at $3,366.61 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index (DXY) spot was up 0.35% at the 99.268 level.
Asian markets were mixed on Monday, with China&#8217;s Shanghai and Shenzhen indices up, while Japan&#8217;s Nikkei 225, the KOSPI, and India&#8217;s Nifty 50 ended the day lower.
Photo: Shutterstock

PACS

US Stocks Likely To Open Lower As Iran Vows Retaliation After US Strike: 'Worst Is Now In The Rear-View Mirror,' Says Top Analyst (UPDATED)

Commercial Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) reported quarterly earnings of $0.74 per share which missed the analyst consensus estimate of $0.85 by 13.25 percent. This is a 27.45 percent decrease over earnings of $1.02 per share from the same period last year. The company reported quarterly sales of $2.02 billion which missed the analyst consensus estimate of $2.05 billion by 1.28 percent. This is a 2.84 percent decrease over sales of $2.08 billion the same period last year.

Commercial Metals Q3 Adj. EPS $0.74 Misses $0.85 Estimate, Sales $2.02B Miss $2.05B Estimate

<h3>Companies Reporting Before The Bell</h3>
• Jerash Holdings (US) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JRSH#NASDAQ">JRSH</a>) is expected to report quarterly earnings at $0.04 per share on revenue of $32.70 million. 
• Commercial Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) is estimated to report quarterly earnings at $0.84 per share on revenue of $2.04 billion. 
• FactSet Research Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) is estimated to report quarterly earnings at $4.30 per share on revenue of $580.70 million. 
<h3>Companies Reporting After The Bell</h3>
• KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) is estimated to report quarterly earnings at $2.23 per share on revenue of $1.81 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Scheduled For June 23, 2025

The CNN Money Fear and Greed index showed a slight improvement in the overall market sentiment, while the index remained in the &#8220;Neutral&#8221; zone on Friday.
U.S. stocks settled mixed on Friday, with the S&amp;P 500 falling for the third straight session amid escalating Iran-Israel conflict. For the week, the S&amp;P 500 fell around 0.2%, while the 30-stock Dow gained 0.02%.
Darden Restaurants Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) reported better-than-expected fourth-quarter financial results. Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) shares fell around 7% on Friday following the release of its third-quarter results.
On the economic front, the Philadelphia Fed Manufacturing Index came in unchanged at -4.0 in June, versus market estimates of -1.
Most sectors on the S&amp;P 500 closed on a negative note, with health care, materials and communication services stocks recording the biggest losses on Friday. However, energy and consumer staples stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed higher by over 35 points to 42,206.82 on Friday. The S&amp;P 500 fell 0.22% to 5,967.84, while the Nasdaq Composite dipped 0.51% at 19,447.41 during Friday's session.
Investors are awaiting earnings results from FactSet Research Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>), Commercial Metals Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) and KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 55.4, the index remained in the &#8220;Neutral&#8221; zone on Friday, versus a prior reading of 55.1.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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S&P 500 Falls For Third Day Amid Iran-Israel Conflict: Investor Sentiment Improves Slightly, But Fear & Greed Index Remains In 'Neutral' Zone

With U.S. stock futures trading lower this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul class="wp-block-list">
<li>Wall Street expects FactSet Research Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) to report quarterly earnings at $4.29 per share on revenue of $580.50 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. FactSet Research shares fell 0.6% to $420.00 in after-hours trading.</li>
<li>Analysts are expecting Commercial Metals Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) to post earnings at 85 cents per share on revenue of $2.05 billion for the latest quarter. The company will release earnings before the markets open. Commercial Metals shares rose 3.2% to $50.25 in the after-hours trading session.</li>
<li>AGM Group Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGMH#NASDAQ">AGMH</a>) announced it regained Nasdaq compliance. AGM Group shares jumped 47.2% to $3.40 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul class="wp-block-list">
<li>Before the markets open, Jerash Holdings (US) Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JRSH#NASDAQ">JRSH</a>) is projected to report quarterly earnings at 1 cent per share on revenue of $32.70 million. Jerash Holdings shares gained 4.2% to $3.49 in the after-hours trading session.</li>
<li>Analysts expect KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) to post quarterly earnings at $1.46 per share on revenue of $1.51 billion after the closing bell. KB Home shares fell 0.4% to $51.52 in the after-hours trading session.</li>
</ul>
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FactSet Research, Commercial Metals And 3 Stocks To Watch Heading Into Monday

During the last three months, 3 analysts shared their evaluations of Commercial Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>), revealing diverse outlooks from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Commercial Metals, presenting an average target of $51.33, a high estimate of $53.00, and a low estimate of $49.00. This current average has increased by 0.65% from the previous average price target of $51.00. 
<img src="https://www.benzinga.com/files/images/story/2025/1750446058_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Commercial Metals. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Piyush Sood</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$53.00</td>
<td>$48.00</td>
</tr>
<tr>
<td>Bill Peterson</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Neutral</td>
<td>$52.00</td>
<td>-</td>
</tr>
<tr>
<td>Curt Woodworth</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$49.00</td>
<td>$54.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Commercial Metals. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Commercial Metals compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Commercial Metals's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Commercial Metals's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/CMC/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Commercial Metals analyst ratings.</a>
<h2>Get to Know Commercial Metals Better</h2>
Commercial Metals Co operates steel mills, steel fabrication plants, and metal recycling facilities in the United States and manufactures rebar and structural steel, which are key product categories for the nonresidential construction sector. The Company has three operating and reportable segments: North America Steel Group, Europe Steel Group and Emerging Businesses Group.
<h3>Commercial Metals's Economic Impact: An Analysis</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Negative Revenue Trend: Examining Commercial Metals's financials over 3M reveals challenges. As of 28 February, 2025, the company experienced a decline of approximately -5.08% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Materials sector.
Net Margin: Commercial Metals's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.45% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Commercial Metals's ROE excels beyond industry benchmarks, reaching 0.63%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Commercial Metals's ROA excels beyond industry benchmarks, reaching 0.38%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.3.
<h2>How Are Analyst Ratings Determined?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Assessing Commercial Metals: Insights From 3 Financial Analysts

Morgan Stanley analyst Piyush Sood maintains Commercial Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) with a Equal-Weight and raises the price target from $48 to $53.

Morgan Stanley Maintains Equal-Weight on Commercial Metals, Raises Price Target to $53

Commercial Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) is gearing up to announce its quarterly earnings on Monday, 2025-06-23. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Commercial Metals will report an earnings per share (EPS) of $0.84.
Anticipation surrounds Commercial Metals's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Earnings History Snapshot</h3>
In the previous earnings release, the company missed EPS by $0.04, leading to a 1.63% drop in the share price the following trading session.
Here's a look at Commercial Metals's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2025</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.30</td>
<td>0.79</td>
<td>0.89</td>
<td>1.02</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.26</td>
<td>0.78</td>
<td>0.90</td>
<td>1.02</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.0%</td>
<td>-3.0%</td>
<td>-1.0%</td>
<td>3.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2025/1750431633_0.png" alt="eps graph" />
<h3>Commercial Metals Share Price Analysis</h3>
Shares of Commercial Metals were trading at $49.04 as of June 19. Over the last 52-week period, shares are down 10.69%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. 
<h3>Analyst Opinions on Commercial Metals</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Commercial Metals.
Analysts have given Commercial Metals a total of 2 ratings, with the consensus rating being Neutral. The average one-year price target is $50.5, indicating a potential 2.98% upside.
<h3>Analyzing Ratings Among Peers</h3>
In this analysis, we delve into the analyst ratings and average 1-year price targets of and Commercial Metals, three key industry players, offering insights into their relative performance expectations and market positioning.
<h3>Peer Metrics Summary</h3>
The peer analysis summary presents essential metrics for and Commercial Metals, unveiling their respective standings within the industry and providing valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Commercial Metals</td>
<td>Neutral</td>
<td>-5.08%</td>
<td>$219.55M</td>
<td>0.63%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Commercial Metals is positioned in the middle among its peers based on consensus rating. It ranks at the bottom for revenue growth compared to its peers. In terms of gross profit, it is also at the bottom. However, it shows a higher return on equity compared to its peers.
<h3>Discovering Commercial Metals: A Closer Look</h3>
Commercial Metals Co operates steel mills, steel fabrication plants, and metal recycling facilities in the United States and manufactures rebar and structural steel, which are key product categories for the nonresidential construction sector. The Company has three operating and reportable segments: North America Steel Group, Europe Steel Group and Emerging Businesses Group.
<h3>A Deep Dive into Commercial Metals's Financials</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Negative Revenue Trend: Examining Commercial Metals's financials over 3 months reveals challenges. As of 28 February, 2025, the company experienced a decline of approximately -5.08% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Materials sector.
Net Margin: Commercial Metals's net margin excels beyond industry benchmarks, reaching 1.45%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 0.63%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Commercial Metals's ROA excels beyond industry benchmarks, reaching 0.38%. This signifies efficient management of assets and strong financial health.
Debt Management: Commercial Metals's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.3.
<a href="https://www.benzinga.com/quote/CMC/earnings">To track all earnings releases for Commercial Metals visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Look at Commercial Metals's Upcoming Earnings Report

Commercial Metals Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) will release its third-quarter earnings results before the <a href="https://www.benzinga.com/quote/CMC/earnings">opening bell on Monday, June 23.</a>
Analysts expect the company to report quarterly earnings at 84 cents per share, down from $1.02 per share in the year-ago period. Commercial Metals is projected to report quarterly revenue of $2.04 billion, compared to $2.08 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On March 20, Commercial Metals reported second-quarter 2025 results, with net sales down 5.1% year-over-year to $1.754 billion, broadly in line with the analyst expectations of $1.746 billion.
With the recent buzz around Commercial Metals, some investors may be eyeing potential gains from the company's dividends too. As of now, Commercial Metals offers an annual dividend yield of 1.47%, which is a quarterly dividend amount of 18 cents per share (72 cents a year). &nbsp;
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $408,650 or around 8,333 shares. For a more modest $100 per month or $1,200 per year, you would need $81,750 or around 1,667 shares.
To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($0.72 in this case). So, $6,000 / $0.72 = 8,333 ($500 per month), and $1,200 / $0.72 = 1,667 shares ($100 per month).
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
How that works: The dividend yield is computed by dividing the annual dividend payment by the stock&#8217;s current price.
For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).
Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.
CMC Price Action: Shares of Commercial Metals rose 0.2% to close at $49.04 on Wednesday.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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Photo: Shutterstock

Long Ideas

Dividends

How To Earn $500 A Month From Commercial Metals Stock Ahead Of Q3 Earnings

Commercial Metals Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) will release earnings results for the third quarter, before the <a href="https://www.benzinga.com/quote/CMC/earnings">opening bell on Monday, June 23.</a>
Analysts expect the Irving, Texas-based company to report quarterly earnings at 84 cents per share, down from $1.02 per share in the year-ago period. Commercial Metals projects to report quarterly revenue of $2.04 billion, compared to $2.08 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On March 20, Commercial Metals reported second-quarter 2025 results on Thursday, with net sales down 5.1% year-over-year to $1.754 billion, broadly in line with the analyst expectations of $1.746 billion.
Commercial Metals shares rose 0.2% to close at $49.04 on Wednesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/CMC/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Wolfe Research analyst Timna Tanners upgraded the stock from Peer Perform to Outperform on May 27, 2025. This analyst has an accuracy rate of 67%.</li>
<li>UBS analyst Curt Woodworth maintained a Neutral rating and cut the price target from $54 to $49 on March 24, 2025. This analyst has an accuracy rate of 66%.</li>
<li>Morgan Stanley analyst Piyush Sood maintained an Equal-Weight rating and slashed the price target from $56 to $53 on March 7, 2025. This analyst has an accuracy rate of 73%.</li>
<li>Jefferies analyst Seth Rosenfeld maintained a Buy rating and cut the price target from $65 to $62 on Jan. 6, 2025. This analyst has an accuracy rate of 67%.</li>
</ul>
Considering buying CMC stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/CMC/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="571" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/20024806/image-300-1024x571.png" alt="" class="wp-image-955538" style="width:649px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/20024806/image-300-1024x571.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/20024806/image-300-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/20024806/image-300-768x428.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/20024806/image-300.png 1115w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Top Wall Street Forecasters Revamp Commercial Metals Expectations Ahead Of Q3 Earnings

Commercial Metals Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) will release earnings results for the third quarter, before the <a href="https://www.benzinga.com/quote/CMC/earnings">opening bell on Monday, June 23.</a>
Analysts expect the Irving, Texas-based company to report quarterly earnings at 84 cents per share, down from $1.02 per share in the year-ago period. Commercial Metals projects to report quarterly revenue at $2.04 billion, compared to $2.08 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On March 20, Commercial Metals reported second-quarter 2025 results on Thursday, with net sales down 5.1% year-over-year to $1.754 billion, broadly in line with the analyst expectations of $1.746 billion.
Commercial Metals shares gained 1.1% to close at $48.96 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/cmc/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Wolfe Research analyst Timna Tanners upgraded the stock from Peer Perform to Outperform on May 27, 2025. This analyst has an accuracy rate of 67%.</li>
<li>UBS analyst Curt Woodworth maintained a Neutral rating and cut the price target from $54 to $49 on March 24, 2025. This analyst has an accuracy rate of 65%.</li>
<li>Morgan Stanley analyst Piyush Sood maintained an Equal-Weight rating and lowered the price target from $56 to $53 on March 7, 2025. This analyst has an accuracy rate of 73%.</li>
<li>Jefferies analyst Seth Rosenfeld maintained a Buy rating and cut the price target from $65 to $62 on Jan. 6, 2025. This analyst has an accuracy rate of 67%.</li>
</ul>
Considering buying CMC stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/CMC/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="581" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18032605/image-274-1024x581.png" alt="" class="wp-image-953413" style="width:642px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18032605/image-274-1024x581.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18032605/image-274-300x170.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18032605/image-274-768x436.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18032605/image-274.png 1132w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Commercial Metals Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

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Shares of steel companies are trading lower following a report suggesting the US and Mexico are nearing a deal that would remove the Trump Administration's 50% tariffs on steel imports up to a certain volume.

<a href="https://www.bloomberg.com/news/articles/2025-06-10/us-and-mexico-near-deal-to-cut-steel-duties-and-cap-imports" title="https://www.bloomberg.com/news/articles/2025-06-10/us-and-mexico-near-deal-to-cut-steel-duties-and-cap-imports">https://www.bloomberg.com/news/articles/2025-06-10/us-and-mexico-near-deal-to-cut-steel-duties-and-cap-imports</a>

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'U.S., Mexico Are Closing In On A Deal That Would Remove President Donald Trump's 50% Tariffs On Steel Imports Up To A Certain Volume' - Bloomberg News

Investors might be flocking to <a href="https://www.benzinga.com/etfs">fixed-income ETFs</a> at a record pace, but a growing part of the market is starting to ask if it&#8217;s sufficient to just sit on money in Treasuries and T-bills. TMX VettaFi has found that to date this year, over $140 billion have been invested in fixed-income ETFs, indicating a broad desire for safety in the face of ongoing macroeconomic uncertainty and volatility in interest rates. 
Yet, according to Larry Fink, CEO of BlackRock, over $11 trillion remains tied up in money market funds. The question is moving from &#8220;Why fixed income?&#8221; to &#8220;Which fixed-income approach now makes sense?&#8221;
For others, the solution is diversification and flexibility. &#8220;I don't fault them given the volatility we've seen this year, because a high allocation to money markets and T-bills has not been a bad strategy.  However, investors should keep in mind that the majority of the S&amp;P500's returns are mostly generated in less than 50 key days, so if you miss out on a lot of those days, you'll probably underperform,&#8221; said Eric Lutton, Co-Chief Investment Officer of Sound Income Strategies, in an interview with Benzinga.
With more than $37 trillion in federal debt and inflation eating away at purchasing power, Lutton encourages investors to reconsider the concept of &#8220;safety&#8221; in Treasuries. Rather, he suggests that longer-term investors consider those assets with greater income potential—like credit vehicles—even if slightly more volatility is required, as doing nothing may still result in a true loss.
Lutton oversees the Sound Enhanced Fixed Income ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXED#NYSE">FXED</a>), one of an increasing number of actively managed fixed-income ETFs that blend core bond holdings with alternative income-generating vehicles like BDCs (Business Development Companies) and REITs. These vehicles, Lutton says, deliver more than mere yield; they introduce a degree of diversification lacking in traditional core bond portfolios.
"We've added BDCs,equity REITs and a few emerging market securities to a mostly investment grade bond portfolio for two main reasons," Lutton explains. "First, we can get yields from 6% up to 12% utilizing REITs and BDCs and 6%+ with emerging market bonds/ETFs and add them to investment grade bonds that only produce 4.5% to 5.5%. So, we enhance the yield by a material margin. Secondly, BDCs and equity REITs have correlations with investment grade bonds that are under .55 and the correlation between emerging market bonds with BDCs and REITs is around 0.65. Therefore, we are increasing yields and lowering the overall risk of the fund."
This is part of a larger trend: the growth of active fixed-income ETFs, which seek alpha by making judicious credit selections, managing duration, and including wider assets. Active strategies, albeit still dwarfed by passive, are now starting to catch on—most notably among income-hungry investors who don&#8217;t want to blindly track indexes full of low-yielding government debt.
Also Read: <a href="https://www.benzinga.com/etfs/new-etfs/25/06/45819073/seeking-income-and-stability-neoss-gold-high-income-etf-may-be-your-answer">Seeking Income And Stability? NEOS&#8217;s Gold High Income ETF May Be Your Answer</a>
For FXED, Lutton emphasizes &#8220;crossover bonds&#8221;, ones that are investment-grade rated by one agency but high-yield rated by another. The aim is to have a portfolio that returns a decent yield, now in the 6.75% range, without going too far down the credit quality chain.
Importantly, FXED distributes dividends twice per month, a feature designed to appeal to income-focused investors. That consistency also means the fund must stay fully invested, regardless of market conditions. "As much as I'd love to &#8216;market time,&#8217; which would increase returns and probably lower our standard deviation, due to fund mandates, I'm really not allowed to do too much timing," Lutton said.
However, he thinks there&#8217;s merit in being choosy. One top pick is a bond from Commercial Metals Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>), a vertically integrated steel producer with strengthening credit fundamentals. &#8220;While CMC's sector overall might not look so great, CMC is a vertically integrated electric arc furnace (less expensive vs traditional blast furnace) steel producer with a healthy balance sheet and lower pension liabilities.  This credit is currently rated double BB or high yield, and we expect over time that this name will possibly receive a credit upgrade to BBB- or investment grade -thereby improving the +150 spread over U.S. Treasuries over time,&#8221; he said.
As investors consider their choices in a still-soft macro backdrop, Lutton&#8217;s viewpoint is simple: not every fixed-income ETF is equal. While some are used as cash substitutes or duration hedges, others, namely those with active mandates, are set up to return more throughout complete market cycles.
As more investors look for that answer, the subtle transformation of fixed-income ETFs from passive placeholders to active income machines could become the sector&#8217;s greatest narrative in 2025 and beyond.
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Image created using artificial intelligence via Midjourney.

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EXCLUSIVE: Why Eric Lutton Says Sitting In Cash Could Cost You Big

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Commercial Metals Company Announces Pricing of Tax-Exempt Bond Financing with Proceeds of $150.0 Million

Commercial Metals Company Announces Closing of Tax-Exempt Bond Financing with Proceeds of $150.0 Million

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