|Bid||12.37 x 3100|
|Ask||12.38 x 3000|
|Day's Range||11.63 - 12.42|
|52 Week Range||10.85 - 31.59|
|Beta (3Y Monthly)||2.40|
|PE Ratio (TTM)||2.16|
|Earnings Date||Oct 30, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||0.20 (1.77%)|
|1y Target Est||13.32|
Moody's Investors Service ("Moody's") placed United States Steel Corporation's (U. S. Steel) B1 Corporate Family Rating, B1-PD probability of default rating, B2 senior unsecured ratings and B2 revenue bond ratings under review for downgrade. The review reflects tightened market conditions in the US and Europe, including softening in demand and steel price compression, in concert with higher costs and increasing capital expenditure requirements which will pressure earnings and cash flow and contribute to a releveraging of the company said Carol Cowan, Senior Vice President and lead analyst for U. S. Steel.
Employees at many United States Steel Corp. facilities arrive most workdays to 100-degree temperatures. The company employs what Burritt called “moneyball for mining,” or tech that allows engineers to determine where to extract the richest and most cost-effective ore. Part of the Mon Valley Works investment includes a $900 million investment to rebuild the current Caster Maintenance building at the Edgar Thomson facility to replace the current traditional slab caster and hot strip mill facilities with a new “continuous casting and rolling facility.” Because workers will turn several tons of liquid steel into coil per minute, decisions have to be made much faster than humans can make them.
Koch Industries possesses a complicated legacy, one which has seen its leadership both celebrated and vilified for the better part its eighty-year history. What does the future hold for the enormous conglomerate?
US steel players see higher Chinese steel exports as a major challenge. While Chinese steel exports have moderated, US steel stocks continue to drop.
U.S. Steel Corporation released its second-quarter results last week. Though its earnings were better than expected, it saw a selling spree.
Today, United States Steel Corporation (NYSE:X) President and Chief Executive Officer David B. Burritt announced the appointment of Bryan Lewis to Chief Investment Officer. In this position, he will be responsible for the company’s global pension obligations for both defined contribution and defined benefit plans, as well as other related programs.
Do headlines of a slowing global economy or raised trade war threats have your attention? It may be time to look at the price charts of infrastructure stocks U.S. Steel (NYSE:X), Alcoa (NYSE:AA) and Cemex (NYSE:CX) to build long-term profits shorting and buying X stock, AA and shares of CX in your portfolio. Let me explain.Are you mulling why the Federal Reserve cut rates for the first time in over a decade? Or does the latest news of an additional 10% tariff on $300 billion in Chinese goods by the U.S. government have you worried? Well, you're not alone.These macroeconomic and geopolitical environment have Wall Street's undivided attention, while earnings season has quickly been shown the exit. But in order to profit from today's headlines, you have to look at the big picture. And that's where X stock, AA and CX come in.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 8 of the Most Shorted Stocks in the Markets Right Now Along with large-cap tech stocks such as Apple (NASDAQ:AAPL) or an industrial play like Caterpillar (NYSE:CAT), infrastructure stocks are obviously a group worth watching. And within this market area X, AA stock and shares of CX are companies to put on the radar for selling and buying based on what their price charts and not today's headlines are telling us. Infrastructure Stocks: U.S. Steel (X)U.S. Steel is the first of our three infrastructure stocks. The provided weekly chart shows X stock has formed a bearish flag beneath lateral resistance dating back to the financial crisis. Even U.S. Steel's better-than-expected earnings report hasn't been able to put a bid in this one!That's not the only bearish evidence in X stock either. Today's pattern is the second time where shares have fallen below support. Coupled with a failed uptrend attempt in 2018, this second attempt at breaking through this critical area looks all the more ominous. The X Stock Trade Short this infrastructure stock now and look for an eventual move towards the 2016 low. To keep losses contained and prevent fighting a bearish trend, I'd recommend a stop-loss slightly above the pattern high. Alcoa (AA)Alcoa is the next of our infrastructure stocks to put on your radar. However, I'm watching AA stock for a purchase. The monthly chart in AA stock does a good job of displaying a large broadening pattern that has developed over the past decade. Shares of Alcoa are near support and that's bullish.The formation isn't perfect, but life rarely is either. More importantly, I see the spirit of this corrective base as being intact. And with a bullishly diverging stochastics setup, a bottom should be closer, rather than farther away. The AA Stock TradeShould a confirmed candlestick low in this infrastructure stock form in the coming weeks, AA stock offers plenty of upside and bang for the buck. * 7 A-Rated Stocks Under $10 Based on the most recent pattern highs and angular resistance, a long in Alcoa could see $65 to $70 over the next 12 to 18 months. Cemex (CX)You'll have to be the judge of whether I left the best infrastructure stock for last. Mexico-based Cemex never quite recovered from last decade's financial crisis. And conditions could get a great deal worse for CX stock.Now, as a victim of slowing global growth and trade wars, CX stock has broken neckline support on its monthly chart. And with shares trading at $3.25 it's hard not to see this bearish pattern as possibly being the final straw for shares of CEMEX. The CX Stock TradeMy recommendation on CX stock is to gain short exposure today. I'd personally suggest a longer-term option such as the January 2021 $3 put. Priced for 55 cents, this bearish contract greatly reduces and limits risk in the event of an adverse pattern failure. And optimistically, if we're right this could be a near five-bagger.Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 of the Most Shorted Stocks in the Markets Right Now * 7 Charts That Should Concern Marijuana Stock Investors * 8 Monthly Dividend Stocks to Buy for Consistent Income The post 3 Infrastructure Stocks to Ground Your Trading appeared first on InvestorPlace.
Talk of “challenging market conditions” was hard to avoid during the United States Steel Corp. (NYSE:X) second quarter 2019 earnings call Friday morning, but U.S. Steel CEO David Burritt said the Pittsburgh-based manufacturing giant is “playing offense.” Not only has U.S. Steel taken heat locally — by Mon Valley residents angry over air pollution — but globally as well. Bloomberg reported in early July that the tariffs President Donald Trump implemented on foreign steel over a year ago resulted in U.S. Steel’s loss of about 70 percent of its market value, or $5.7 billion. “A lot has happened since our last call, but the actions we are taking are the right ones,” Burritt said. For the second quarter of 2019, U.S. Steel reported net earnings of $68 million, down from net earnings of $214 million for the same quarter one year prior. Burritt focused on the company’s investments, noting the completion of several planned outages for the Asset Revitalization plan and major plant improvement projects.
(Bloomberg) -- U.S. Steel Corp. tried to paint a rosy picture, but investors just didn’t buy it.Shares of the Pittsburgh-based steelmaker headed for its deepest slump in almost four months --the worst performer on the S&P index of 13 producers of the metal -- even after reporting second-quarter results that topped estimates. Concerns are mounting that the company’s $1.6 billion investment strategy will hurt its finances at a time when its cash level is already at the lowest in almost six years.“They are burning through cash and still trying to make all these investments,” said Andrew Cosgrove, an analyst for Bloomberg Intelligence. That spending won’t payoff for a couple of years, which is a long time to wait with little expectation that results will improve in the meantime, he said.While steel prices have started to rebound, U.S. Steel said it won’t be able to immediately benefit from the gains because of the lag in its ability to change contracts. The steelmaker also faced challenges in the European market, "and we don’t see that dynamic changing soon," Chief Executive Officer David Burritt said during the earnings call Friday.To contact the reporter on this story: Matt Townsend in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Luzi Ann Javier at email@example.com, Joe RichterFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
U.S. Steel (X) delivered earnings and revenue surprises of 12.50% and 5.09%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
U.S. Steel Corp. shares rose nearly 2% in the extended session Thursday after the steel maker reported adjusted earnings and sales above Wall Street expectations. U.S. Steel said it earned $68 million, or 39 cents a share, in the quarter, compared with $214 million, or $1.20 a share, in the year-ago quarter. Adjusted for one-time items, the steel maker earned $78 million, or 45 cents a share, compared with $262 million, or $1.46 a share, a year ago. Sales fell to $3.5 billion from $3.6 billion a year ago. Analysts polled by FactSet had expected the company to earn an adjusted profit of 40 cents a share on sales of $3.4 billion. "Our execution in the second quarter was strong despite challenging market conditions," Chief Executive David B. Burritt said in a statement. "We overcame logistics headwinds from severe weather and delivered for our customers, exceeding even our own expectations." U.S. Steel shares had ended the regular trading day down 3.4%.
PITTSBURGH, Aug. 01, 2019 -- United States Steel Corporation (NYSE: X) announced today that its Board of Directors declared a dividend of $0.05 per share on U. S. Steel Common.
Net earnings of $68 million, or $0.39 per diluted shareAdjusted net earnings of $78 million, or $0.45 per diluted shareAdjusted EBITDA of $278 millionReturned $37 million of.
U.S. stocks dropped Thursday after President Donald Trump wrote in a Twitter post that the administration would be imposing 10% tariffs on $300 billion worth of Chinese imports at the beginning of September, following a round of trade talks earlier this week.