19.33 +0.23 (1.20%)
After hours: 6:07PM EDT
|Bid||19.35 x 3200|
|Ask||19.35 x 1200|
|Day's Range||18.76 - 19.50|
|52 Week Range||17.09 - 39.23|
|Beta (3Y Monthly)||3.51|
|PE Ratio (TTM)||3.06|
|Earnings Date||Apr 24, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||0.20 (1.05%)|
|1y Target Est||24.71|
How Trump’s Steel Tariffs Have Affected Different Sectors(Continued from Prior Part)TariffsEarlier this year, US President Donald Trump tweeted, “Tariffs on the ‘dumping’ of Steel in the United States have totally revived our Steel Industry.
How Trump’s Steel Tariffs Have Affected Different Sectors(Continued from Prior Part)Steel tariffs The Section 232 tariffs, which have been in place for a little more than a year now, lifted US steel companies’ earnings as well as other operating
How Trump’s Steel Tariffs Have Affected Different SectorsTrump’s steel tariffsThe Section 232 steel tariffs came into effect on March 23, 2018. It’s now been more than a year since the tariffs have been in place, so it would be prudent to see
United States Steel Corp. (NYSE: X) unveiled a list of new benefits the company’s non-union represented employees now have access to, according to a news release. “Our most recent review revealed ways we could take some new and forward-looking steps,” said Michelle Nasir, chief talent officer at U.S. Steel, in a prepared statement. “These enhancements will not just benefit our employees, but will put us on par with some of the most sought-after employers in business today.” The new benefits include: Parental leave of up to eight weeks for either parent and additional coverage for infertility treatments and medications.
United States Steel Corporation (NYSE:X) announced a number of new and enhanced benefits the company has made available to its non-represented employees to support the diverse and inclusive workforce at the company.
In an exclusive interview with the Pittsburgh Business Times, David Burritt called this year a "renaissance" for the Pittsburgh-based manufacturer.
‘Steelmageddon’: Are Steel Bears Getting It Wrong Once Again?Steel bears Bank of America Merrill Lynch released a bearish note on the US steel industry, citing capacity additions among domestic steel companies. Using the
Hoover has agreed to issue bonds to U.S. Steel as the manufacturer begins work on its new electric arc furnace in Fairfield.
STOCKSTOWATCHTODAY BLOG Numbers By Barron’s is a two-minute financial podcast with three vital numbers to start your morning. Available on iTunes, Apple Podcast, Stitcher, and wherever you get your podcasts—as well as on your Amazon Alexa smart speaker Three numbers to start your day: 1604 is the year the U.
Are US Steel Stocks a 'Sell' after Disappointing Q1 Guidance?Steel stocksToday, Steel Dynamics (STLD) released its first-quarter earnings guidance. The company expects its first-quarter EPS to be between $0.88 and $0.92. It posted EPS of $1.17 in
Making steel is complicated. Profits are volatile. So one analyst has an idea for improving U.S. Steel’s long-term profitability.
Several U.S. steel company shares could rally along with a rise in the commodity's price, according to an article in Barron's that also urged caution on the stocks because of historical volatility. The article pointed U.S. Steel Corp as the pick among big producers but urged investors to stick with a one-year time horizon and to watch steel and iron prices. Commercial Metals Co and Steel Dynamics Inc were other inexpensive stocks that benefit from defensive positions as low-cost producers, according to the article.
This weekend's Barron's cover story discusses what investors should know about the decline of globalization. Other featured articles examine prospects for an embattled aerospace giant and domestic steel ...
The Northern Irish party that is crucial to Prime Minister Theresa May's hopes of getting her twice-defeated Brexit deal through parliament is likely to support it in a third vote next week, the Spectator magazine reported on Saturday. The Democratic Unionist Party (DUP), which has 10 lawmakers in parliament, is moving towards backing May's European Union divorce deal for the first time after receiving a promise that the government would put into law a requirement that there be no divergence between Northern Ireland and Britain, it said. A cabinet minister involved in the talks with the DUP told the Spectator the chances of the Northern Irish party backing the government's deal were around 60 percent.
How to Play AK Steel amid High Volatility(Continued from Prior Part)AK Steel In this series, we’ve looked at some of the challenges facing AK Steel (AKS), as well as some of its drivers. However, we need to understand a couple of things. First, the
How to Play AK Steel amid High Volatility(Continued from Prior Part)AK SteelAs noted previously, AK Steel (AKS) stock is more volatile than the broader steel space. In this article, we’ll look at some of AK Steel’s challenges.Stagnant auto
How to Play AK Steel amid High VolatilityAK Steel AK Steel (AKS) is among the most volatile steel stocks, with a three-year beta of 3.2x. Although steel and the broader metals and mining space (XME) have never been known for low volatility, AK Steel
How Analysts View Steel Stocks a Year after Trump’s Tariffs(Continued from Prior Part)ArcelorMittalFor ArcelorMittal (MT), among the analysts polled by Thomas Reuters on March 8, eight recommended a “strong buy,” eight recommended a
PITTSBURGH—The air above this city is raising alarms once again. People who live in Allegheny County, which surrounds Pittsburgh, have lodged more than 2,300 air-quality complaints this year. The latest concerns come after a fire late last year knocked out pollution controls at a nearby U.S. Steel plant.
The tariff wars may end up serving a good purpose for the U.S. over the long run, but meanwhile, it reeks havoc on the stock market. We saw how the headlines crippled last year's rally. The effects were more more true in certain sectors like industrials and materials, and U.S. Steel (NYSE:X) stock is directly in the line of fire. Materials like steel are an easy target for nations to use as negotiating tactics. It's easy to levy a special tariff on steel and it has an extreme impact on all companies that deal with it on both sides of the fight.Source: Shutterstock As a result, last year was very difficult for X stock price. Even when the markets rallied in early 2018 X struggled. The pain continued all year, leading to 52-week lows on Christmas Eve. Luckily, the stock market has had a sharp snap back rally. Even U.S. Steel stock is up 9% year to date. This is even after the selling pressure we saw in stocks last week. However it's not all good news for X stock. Since it's February highs, X has drifted down 20% and close to its December lows. Meanwhile, the S&P 500 is a mere 5% off all-time highs.X stock rallied hard on Monday, but that was on the back of an incredible rally in general equities. Investor fears from last week's selling disappeared fast. So I still don't trust a one-day rally in X. The stock is down more than 50% in 12 months, so I need more proof that it's done falling.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis is not a judgement of U.S. Steel itself or its efforts, but there are clearly outside factors hindering the success of X stock. So even if it's merely a broken stock not a broken company, I'd rather risk my money elsewhere until this downside-trend ends.Valuation of X is not the problem. Last year, I thought it was cheap at 11x trailing P/E, and it got even cheaper. X is the perfect value trap. It's now trading at 3 trailing P/E and still not attractive enough to own. Clearly, there are outside forces at play. Trading X StockTechnically, there is nothing urgent about owning the stock at this point in time. I believe that it needs an event in order to trigger a rally. There needs to be a clear bottoming pattern before the chart gets tight enough to cause a recovery spike that can last. Otherwise, the descending channel of lower highs and lower lows will continue. As soon as the bulls in X stock are able to breach the trend line then we can establish upside targets. Until then, the bears in it will continue to sell the rips.X is stuck in a nasty selling pattern. The weekly chart shows that it's approaching a bottom from September of 2016. While this could lend support, it is also a risk. IF X fails to hold in the $15.80 zone, then it could invite more momentum sellers on a bearish pattern that targets another leg lower to retest $12.50. This is not a forecast but it is a possibility.Shorter term, the bounce in X now brings it into contention for a level that has been a pivot since early January. These tend to be temporary resistance on the way up. So the bulls have some work to do this week to rise above $21 per share. If this happens then it brings X stock closer to another test of the upper limit of the selling channel. But even then, there is residual resistance around $22 from the December price action. Meanwhile, X stock cannot lose $19 per share as it will create another major setback in the bullish efforts. The Bottom Line for X StockIn summary, U.S. Steel has value on its side but there's no obvious imminent breakout brewing. The bulls continue to work hard, but without a sustained rally, I'm not a buyer of X stock.Not every descending channel is an obvious breakout opportunity. Some trends can last a long time. And this downside trend exists inside a very bullish market-wide rally, so it's counterproductive to own X stock here. I'd rather join an upward moving ticker. I don't want to fight the tape even if I think I am right. * The 10 Best Stocks to Buy for the Bull Market's Anniversary U.S. Steel is clearly a broken stock. The company has value but the selling is relentless. The tape tells me to wait it out.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Growth Stocks to Buy Under 15x Earnings * 7 Dark Horse Stocks That Deserve Your Attention in 2019 * 5 Disruptive Technologies That Are Moving Too Fast Compare Brokers The post X Stock Is Off Its Lows, But the Trend Is Not Your Friend appeared first on InvestorPlace.
The Nasdaq index assumed a confident stance late Tuesday morning, apparently satisfied to build on the previous session's strong gains, while the Dow industrials lagged. Apple led the Dow Jones Industrial Average, but Boeing weighed on the index for a second straight day.
How Analysts View Steel Stocks a Year after Trump’s Tariffs(Continued from Prior Part)U.S. Steel As we discussed in the previous part, U.S. Steel (X) has fallen almost 20% from its 2019 highs. Other steel and iron ore names including AK Steel
United States Steel Corp NYSE:XView full report here! Summary * Perception of the company's creditworthiness is negative and weakening * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate and increasing * Economic output in this company's sector is contracting Bearish sentimentShort interest | NeutralShort interest is moderate for X with between 5 and 10% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on March 8. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding X are favorable, with net inflows of $3.86 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator with a weakening bias over the past 1-month. X credit default swap spreads are rising towards their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.