Tata Profit: Indicator of Health For Steel ETFs?
June 01, 2011 at 07:00 AM EDT
Last week, Indian company, Tata Steel Ltd. (NYSE: TATA) posted earnings which exceed analysts expectations. Does this indicate that steel stocks and exchange traded funds (ETFs) have room to build up? Fourth quarter profit for Tata Steel was up 72%, after they sold their U.K. unit and the outlook...