X - United States Steel Corporation
| Previous Close | 14.27 |
| Open | 14.19 |
| Bid | 13.76 x 3100 |
| Ask | 13.78 x 1200 |
| Day's Range | 13.66 - 14.19 |
| 52 Week Range | 11.67 - 38.89 |
| Volume | 8,108,517 |
| Avg. Volume | 12,262,165 |
| Market Cap | 2.376B |
| Beta (3Y Monthly) | 2.58 |
| PE Ratio (TTM) | 2.12 |
| EPS (TTM) | 6.49 |
| Earnings Date | Jul 30, 2019 - Aug 5, 2019 |
| Forward Dividend & Yield | 0.20 (1.69%) |
| Ex-Dividend Date | 2019-05-10 |
| 1y Target Est | 17.38 |
- Reuters•yesterday
RPT-Why one US can maker avoids Trump's tariffs while rivals pay up
One of the largest U.S. producers of aerosol cans, Colorado-based Ball Metalpack, has laid off 91 of its 500 U.S. workers since President Donald Trump imposed a 25% tariff on imported steel that abruptly hiked the firm's raw materials costs. At a chief competitor, DS Containers, the story is different. The U.S. Commerce Department granted DS Containers an exemption from the import tax because it uses a raw material, plastic-laminated steel, that isn't produced by U.S. steelmakers.
- Reuters•yesterday
Why one U.S. can-maker avoids Trump's tariffs while rivals pay up
One of the largest U.S. producers of aerosol cans, Colorado-based Ball Metalpack, has laid off 91 of its 500 U.S. workers since President Donald Trump imposed a 25% tariff on imported steel that abruptly hiked the firm's raw materials costs. At a chief competitor, DS Containers, the story is different. The U.S. Commerce Department granted DS Containers an exemption from the import tax because it uses a raw material, plastic-laminated steel, that isn't produced by U.S. steelmakers.
- Investopedia•5 days ago
Nerves of Steel Needed to Trade Steel Stocks
Steel stocks have trended lower over the past 12 months. Trading these three steel stocks requires nerves of steel.
- Market Realist•5 days ago
Which Steel Stocks Look Interesting after the Fall?
Which Steel Stocks Look Interesting after the Fall?Steel stocks Steel stocks saw a selling spree in May. All of the leading US steel producers like U.S. Steel Corporation (X), AK Steel (AKS), Nucor (NUE), and Steel Dynamics (STLD) hit their 52-week
- Motley Fool•9 days ago
Why Shares of U.S. Steel Lost Nearly 25% in May
The outlook for steel prices is not encouraging.
- Zacks•9 days ago
U.S. Raw Steel Output Up Y/Y as Capacity Remains Above 80%
U.S. steel mills operate at 81.2% of their capacity for the week ending Jun 1.
- Market Realist•10 days ago
CLF CEO Thinks US Economy Is Fantastic, but Has Advice for Trump
Why CLF’s CEO Sees a Big Upswing in US Steel Prices Soon(Continued from Prior Part)Economy is fantasticDuring his interview with the S&P Global Platts, Cleveland-Cliffs’ (CLF) CEO, Lourenco Goncalves, also talked about the US economy. He
- Market Realist•10 days ago
Why CLF’s CEO Sees a Big Upswing in US Steel Prices Soon
Why CLF’s CEO Sees a Big Upswing in US Steel Prices SoonCLF’s CEO sees an upswing in US steel pricesCleveland-Cliffs’ (CLF) CEO, Lourenco Goncalves, believes that US steel prices should see a big upswing in the next few months. He told S&P
- Barrons.com•11 days ago
U.S. Steel Stock Might Be a Buy Because Wall Street Is Really Gloomy
Another analyst downgraded shares of U.S. Steel to Sell. Views of the steelmaker are so downbeat, it might be time to consider picking up the stock.
- Investing.com•11 days ago
Stockbeat - U.S. Steel Jumps Despite Goldman Warning Low Prices Signal Pain Ahead
Investing.com - United States Steel rallied on Tuesday despite Goldman Sachs downgrading the company and warning that the backdrop for the steel industry is flimsy amid "materially" lower steel prices.
- Benzinga•11 days ago
Goldman Sachs Downgrades US Steel To Sell
For the second time in a week, a Wall Street analyst has downgraded a major U.S. steel stock. This time, it’s United States Steel Corporation (NYSE: X ) on the chopping block. The Analyst Goldman Sachs ...
- Market Realist•12 days ago
Why AK Steel’s Average Selling Prices Could Outperform Peers
How Are US Steel Producers Positioned in Q2?(Continued from Prior Part)Average selling pricesUS steel prices rose to multiyear highs in the first half of 2018. However, steel prices pared some of their gains in the second half of the year. Falling
- Market Realist•12 days ago
How Are US Steel Producers Positioned in Q2?
How Are US Steel Producers Positioned in Q2?US steel producersWe’ve seen a selling spree in US steel stocks in the second quarter. While 2019 started off well for steel stocks, investors have turned bearish on the sector amid the escalating
- Market Realist•12 days ago
U.S. Steel Recovers from Three-Year Low: Is It a Dead Cat Bounce?
U.S. Steel Recovers from Three-Year Low: Is It a Dead Cat Bounce?U.S. Steel stockU.S. Steel (X) and other steel players including AK Steel (AKS) and Nucor (NUE) are trading with sharp gains today. Interestingly, steel stocks are in the green even as
- InvestorPlace•12 days ago
Monday’s Vital Data: United States Steel, Facebook and Amazon
U.S. stock futures are trading slightly lower this morning, though they've rallied modestly from their overnight lows.Ahead of the bell, futures on the Dow Jones Industrial Average are down 0.21%, and S&P 500 futures are lower by 0.19%. Nasdaq-100 futures have lost 0.37%.In the options pits, put volatility soared Friday, helping to drive overall volume well above average levels. Specifically, about 20.2 million calls and 23.8 million puts changed hands on the session.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe panic was pervasive at the CBOE, where the single-session equity put/call volume ratio rocketed to its highest reading of the year at 0.83. Meanwhile, the 10-day moving average halted its slide and rallied back to 0.71. Readings this high tend to be contrarian signals that a bounce is imminent.Friday's fear-fest lit a fire under put demand in United States Steel (NYSE:X), Facebook (NASDAQ:FB) and JPMorgan Chase (NYSE:JPM), among others.Let's take a closer look: United States Steel (X)United States Steel notched its seventh straight losing session Friday, bringing the company's year-to-date losses to 36%. The pain is even more potent (-52%) if you measure the drawdown from its February peak. Indeed, the selling pressure has been relentless for the past three months in the entire metal and mining space. At this rate, X stock could soon visit its all-time low of $6.15 carved out in 2016.On the options trading front, traders heavily favored puts on the day. Total activity jumped to 152% of the average daily volume, with 111,497 contracts traded; 70% of the trading came from call options alone. * 7 Bank Stocks to Leave in the Vault Implied volatility rallied to its highest reading since January at 61%. That places it at the 67th percentile of its one-year range. Premiums are pricing in daily moves of 45 cents or 3.8%. Facebook (FB)The technology sector saw heavy selling pressure on Friday, and the Nasdaq breached its 200-day moving average. Facebook fell prey to the bear raid breaking a support zone of its own, falling beneath its 50-day moving average for the first time since the beginning of the year.Before Friday, the social media king had been holding firm in the face of the selling. But no longer. The next major floor is $161, so consider that your long-term target if you believe the summer correction will go the distance.On the options trading front, calls outpaced puts on the session despite the beatdown. Activity grew to 132% of the average daily volume, with 274,433 total contracts traded. Calls claimed 62% of the session's sum.Implied volatility ticked higher on the day to 31%, placing it at the 41st percentile of its one-year range. Traders now anticipate daily moves of $3.50 or 2%. JPMorgan Chase (JPM)With the rout in bond yields and subsequent yield curve inversion, recession fears have been thrust back into the forefront. And bank stocks don't like it. Today was JPMorgan Chase's turn to see a surge in put trading. With the day's losses, JPM stock is now down just shy of 10%. The correction has been damaging enough to push it back below all major moving averages, effectively upending the bullish trend reversal that took place after April's earnings release.Until it can reclaim the high ground above the $112 resistance zone, sellers hold the upper hand.On the options trading front, puts were favored over calls. Total activity grew to 206% of the average daily volume, with 104,008 contracts traded. Puts accounted for 60% of the day's take.The increased demand drove implied volatility higher on the day to 26%, placing it at the 36th percentile of its one-year range. Premiums are baking in daily moves of $1.72 or 1.6%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Heavily Shorted Stocks to Sell -- Because the Bears Are Right * 7 Bank Stocks to Leave in the Vault * 7 Stocks for You to Profit From (Legal) Insider Trading Compare Brokers The post Monday's Vital Data: United States Steel, Facebook and Amazon appeared first on InvestorPlace.
- Investopedia•12 days ago
U.S. Vs. China Military Spending: Which Is Bigger?
The U.S. continues to be the world's top military spender by far, at $619 billion in 2018. China is a distant second at $250 billion but it's moving fast.
- Motley Fool•13 days ago
Down 44% in 2019, What Lies Ahead for U.S. Steel?
A strong market boosted first quarter results, but these factors are a better indication of what's to come for the steelmaker.
- Zacks•14 days ago
Why Is U.S. Steel (X) Down 15.2% Since Last Earnings Report?
U.S. Steel (X) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Benzinga•15 days ago
Bank Of America Double Downgrades Nucor Ahead Of 'Steelmageddon'
On May 14, U.S. President Donald Trump credited hit tariffs on imported steel with rebuilding the U.S. steel industry, which he said is now “booming.” However, shares of North Carolina steel producer Nucor ...
- Market Realist•16 days ago
Why CLF Stock Is Rising despite Declining US Steel Prices
Could Divergence between Cleveland-Cliffs and Steel Continue?(Continued from Prior Part)US steel pricesWhile domestic fundamentals improved after tariffs were imposed, weaker spot steel prices took hold shortly thereafter, which is driving the
Market Realist•16 days agoUS Steel Production Is Providing a Nice Tailwind to CLF Stock
Could Divergence between Cleveland-Cliffs and Steel Continue?(Continued from Prior Part)US steel productionMajor US steelmakers such as AK Steel (AKS) are Cleveland-Cliffs’ (CLF) customers. Domestic steel demand is one of the major drivers for
- American City Business Journals•16 days ago
Steel industry reacts to Gerard's retirement from USW
After 52 years in the United Steelworkers union and 18 years serving as the union’s president, Leo Gerard announced his retirement Wednesday. “I’ve been doing this kind of work since I was 18 years old, and I was hired in a smelter in Northern Ontario,” Gerard said. “I became an activist in the union.” Pittsburgh-based USW has 850,000 members in the steel industry and other sectors.
- Barrons.com•16 days ago
Sell U.S. Steel. There’s More Pain to Come for Steel Stocks, Analyst Says.
Wall Street is abandoning the steel sector. Deutsche Bank downgraded shares of U.S. Steel, Steel Dynamics and Nucor.
- Market Realist•16 days ago
More Downgrades Hit US Steel Stocks as Prices Plunge
More Downgrades Hit US Steel Stocks as Prices PlungeUS steel stocksUS steel prices have fallen sharply this year. Prices had surged to multiyear highs in the first half of 2018 after President Trump imposed Section 232 tariffs. However, US steel
- CNBC•16 days ago
Here are the biggest analyst calls of the day: Tesla, Apple, Citi, Verizon & more
Barclays lowered its price target on Tesla to $150 from $192 Morgan Stanley lowered its price target on Apple to $231 from $240 Goldman Sachs upgraded Citi to buy from neutral UBS downgraded Verizon to neutral from buy Guggenheim upgraded Comcast to buy from neutral Stephens upgraded Zynga to overweight from equal-weight Deutsche Bank downgraded U.
