|Bid||16.42 x 3200|
|Ask||16.47 x 2900|
|Day's Range||16.28 - 16.92|
|52 Week Range||16.28 - 39.23|
|Beta (3Y Monthly)||2.61|
|PE Ratio (TTM)||2.63|
|Earnings Date||May 2, 2019|
|Forward Dividend & Yield||0.20 (1.03%)|
|1y Target Est||23.00|
Steel represents a significant amount of materials trading done on the stock market. Some companies perform better than others—for a number of reasons.
How Wall Street Views Steel Stocks ahead of Their Q1 Results(Continued from Prior Part)U.S. Steel’s first-quarter earnings U.S. Steel Corporation (X) is scheduled to release its first-quarter earnings results on May 2 after the market closes, and
United States Steel (X) closed at $16.40 in the latest trading session, marking a -1.56% move from the prior day.
How Wall Street Views Steel Stocks ahead of Their Q1 Results(Continued from Prior Part)AK Steel’s first-quarter earnings AK Steel (AKS) is expected to release its first-quarter earnings results on April 29 after the market closes. Last year was
Why Analysts Expect Alcoa’s Earnings to Fall Sharply in Q1(Continued from Prior Part)Steel Last year, alumina prices surged to record highs. US sanctions on RUSAL coupled with the closure of Norsk Hydro’s Alunorte refinery lifted alumina prices.
Is U.S. Steel Corporation Worth a Look as Steel Prices Stabilize?(Continued from Prior Part)U.S. Steel Corporation U.S. Steel Corporation (X) has fallen 14.1% in April and 8.0% year-to-date. Last week, Bank of America Merrill Lynch and Credit Suisse
Is U.S. Steel Corporation Worth a Look as Steel Prices Stabilize?(Continued from Prior Part)China deal US steel stocks including U.S. Steel Corporation (X) and AK Steel (AKS) have taken a beating over the last year despite the Section 232 tariffs
China No Longer Seems to Be Biggest Concern for Global Economy(Continued from Prior Part)Metal investorsChina’s trade data is especially crucial for metal and mining investors (XME) given the country’s dominant share in global metal consumption.
Is U.S. Steel Corporation Worth a Look as Steel Prices Stabilize?(Continued from Prior Part)US steel industry Last week, two sell-side analysts downgraded U.S. Steel Corporation (X). While Bank of America Merrill Lynch analyst Timna Tanners double
Is U.S. Steel Corporation Worth a Look as Steel Prices Stabilize?US steelUS steel stocks were disappointing in 2018 despite the Section 232 tariffs. While Nucor (NUE) and Steel Dynamics (STLD) posted record earnings last year, the stocks ended the
U.S. steel has benefited from government tariffs, and there could be big trouble if the tariffs end -- but it's bigger than just steel prices.
Yesterday US Steel (NYSE:X) stock fell 3.25% on an analyst downgrade. Bank of America Merryl Lynch moved the stock from a BUY to SELL and lowered the price target 40% from $31 to $18 per share. This is a massive change and warrants some caution on X stock.Source: Shutterstocks The analyst, Timna Tanners, speculates that steel prices will lack the catalyst needed to boost them, so X will burn more a lot of cash thereby putting pressure on the stock price. So the stock is suffering because of an economic war between mills. Those are keeping prices low to gain a bigger share of the market. Other competitor stocks also suffered like Nucor (NYSE:NUE) and Steel Dynamics (NYSE:STLD) but X chart looks ugliest.So is it time to catch this falling knife? Yes, but with a caveat.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 8 Risky Stocks to Watch as Earnings Season Kicks Off Fundamentally speaking, X stock is cheap as it sells at a trailing 2.6 P/E ratio. This is very cheap -- provided they can keep the denominator steady. What Should You Do With X Stock?So if I own the shares, it's probably too late to sell now. As far as averaging down, I'd wait out a few more ticks to see the follow through price action from the downgrade. This also depends heavily on my base price for my shares. I'd avoid adding to a position too close in time or price to my last entry.If I am looking to initiate a new position in US Steel stock, doing so now is not a clear decision. This requires a lot of faith but it is doable. We have to remember here that the downgrade offers one person's opinion on the X situation so it's not absolute fact.It doesn't help matters that coming into the downgrade X already had a hideous chart. It was already trailing the S&P 500 by 20 points year-to-date; it's down almost 10%. For the past 12 months, X is down 54% so it's been sliding for a long time. And it's been under performing its peers too.Which begs the question on what to do with X today. Buying the stock now and this cheap seems like an easy decision after all it already sells at such a low P/E. But the slide in the stock is very long-term in nature. This means that it's not going to snap out of this downtrend quickly.In this case I'd rather wait out a bit more even if it means I miss out on some profits. I'd rather be late entering a stock than too early and start a position in the hole.Technically, X stock has been falling for so long that I need to use the weekly charts to get some input to help with the decision today. This means that the technical hints are slower in nature thereby supporting my decision to act today.Yesterday's fall places U.S. Steel stock in danger of triggering a massive bearish Head-and-Shoulders pattern. In fact, technically one could argue that it's already below the neckline and that puts it in danger from targeting the single-digit zone. While this is not a forecast, it is a scenario that could unfold and bulls need to know it. The Bottom Line on X StockIn summary, I don't usually panic out of a stock based on one person's opinion. But in this case, I would wait bit to get more clues. The next few days will be crucial for X stock and they will provide valuable clues for investors. * 7 Marijuana Companies: Which Pot Stocks Should You Buy? Most other analysts that cover X are on HOLD but there are a few still favorable of it. So it's vulnerable from more surprise downgrade from those analysts that still have it as a BUY.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 * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post X Stock Is in Free Fall After Analyst Downgrade appeared first on InvestorPlace.
U.S. Steel is synonymous with this city, and there’s little doubt that a strong U.S. Steel makes Pittsburgh better. But U.S. Steel needs to be more proactive about developing backup plans when systems fail in order to protect the communities where their plants are located.
Iron ore prices are up 45% year to date, but domestic steel prices aren’t rising. With new capacity coming, a second analyst advised investors to dump U.S. Steel stock.
U.S. steel pricing is not where analysts had anticipated this spring, and one analyst says lower steel prices are bad news for United States Steel Corporation (NYSE: X ). The Analyst Bank of America analyst ...
Wall Street's main indexes were on track for a subdued open on Thursday, as investors assessed warnings from major central banks about a global slowdown and looked ahead to the start of the corporate earnings season. Profit forecasts for the first quarter have dropped steadily in the last six months, with S&P 500 earnings now seen falling 2.5%, which would mark the first year-on-year contraction since 2016, according to Refinitiv data. "We can't seem to really break out to new record highs but we're not falling either and I think earnings will be a key factor in deciding it," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
At the dawn of the 20th century, U.S. Steel (NYSE:X) was the world's most powerful company, the first one to be worth $1 billion. As recently as 2008, the stock was worth over $186 per share. * 10 Dow Jones Stocks Holding the Blue Chip Index Back U.S. Steel stock will open for trade April 10 at under $18 per share, after another fall of 10% that some traders may see as a "buy" level, but long-term investors should recognize for what it is -- a bear trap.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe cave of this bear looks very cozy. The price-to-earnings ratio of the stock right now is 2.84. It had $6.25 per share of earnings last year, as tariffs on imported steel forced buyers to take its sheet. Revenues were up nearly 16% -- after a 19% gain the previous year -- to $14.18 billion. The market cap is $3 billion, meaning it trades like JC Penney (NYSE:JCP) while performing like Alphabet (NASDAQ:GOOGL). What Could Go Wrong?The difference between US Steel and Google is that demand for steel has peaked, while demand for data keeps rising.Developing economies see steel the way your grandfather saw gold. In countries like China, steel represents independence -- and power. Nations feel they must have steel to prove they are nations, so many countries make it.But demand has leveled off. U.S. Steel itself is worried about its European operations, even while tariffs keep the price of steel here high. Demand in China is contracting. The primary market for sheet steel is in making cars, and car builders today want lighter vehicles which means, in the words of The Graduate, "plastics".Then there is technology. Coal and iron ore aren't the only way to make steel. You can also make new steel from old steel. That's what Nucor (NYSE:NUE), now the largest U.S. steel producer, does. The third-largest, Steel Dynamics (NASDAQ:STLD), was founded by former Nucor executives.U.S. Steel hasn't kept up with technology. It makes steel the old-fashioned way. It does seek ways to reduce costs, which is why it now wants to frack for natural gas under one of its mills.This makes sense. Pennsylvania was the home of the U.S. oil industry during the Civil War. It was this energy, along with iron ore from Minnesota, that made the steel industry blossom in Pittsburgh, while staining the sky black.Neighbors are not amused. Pittsburgh has spent 50 years bringing its air and water back, becoming a medical technology and headquarters town. Folks aren't anxious to go back. Oceans Rise, Empires FallAnalysts can read the trends, and those at Credit Suisse Group (NYSE:CS) are unequivocal.Get out of U.S. Steel. Analyst Curt Woolworth has cut his rating on U.S. Steel stock twice this year, to "underperform" and now sees a "sheet tsunami" in the form of low-cost, hot-rolled coil focused sheet steel hitting the U.S. market in 2021 and 2022.This will cut prices from $700 per ton to $610 per ton. Since, even in good times like last year, U.S. Steel had operating income of $950 million on that $14.18 billion of revenue, about 6.6%, its profits could be wiped out. The Bottom Line on U.S. Steel StockThe latest fall in U.S. Steel stock means it is, in technicians' terms, "oversold".Based on any rational metric, like its PE ratio or sales, the stock is dirt cheap.The tell is the dividend, which is 5 cents per share. It hasn't changed since 2009. Despite having $1 billion in the bank, and a debt-to-assets ratio of 20%, the dividend isn't changing. * 7 Stocks With a Lot on the Line This Earnings Season U.S. Steel managers can read a weather forecast and are battening down the hatches.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Best Dividend Stocks to Buy for Every Investor * 7 Catalysts That Will Send Marijuana Stocks Soaring in 2019 * 8 Risky Stocks to Watch as Earnings Season Kicks Off Compare Brokers The post Should You Buy United States Steel on This Dip? appeared first on InvestorPlace.
In early morning trading, futures on the Dow Jones Industrial Average are up 0.11%, and S&P 500 futures are higher by 0.16%. Nasdaq-100 futures have added 0.15%.In the options pits, put volume made a come back even helping to drive overall volume close to average levels. Specifically, about 15.3 million calls and 14.4 million puts changed hands on the session.The dash for puts was felt at the CBOE as well with the single-session equity put/call volume ratio slipping to 0.58. The 10-day moving average held steady at 0.62.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOptions traders followed analyst actions yesterday. United States Steel (NYSE:X) swooned 10% in response to an analyst downgrade. Disney (NYSE:DIS) scored a breakout after an upgrade. Finally, Advanced Micro Devices (NASDAQ:AMD) fell 4.5% amid garden variety profit-taking.Let's take a closer look: United States Steel (X)The metal and mining sector ended Tuesday as one of the worst-performing industry. Blame for the beating lies in large part to United States Steel, which saw its share price plunge 10% after an analyst downgrade. * 10 Dow Jones Stocks Holding the Blue Chip Index Back Curt Woodworth of Credit Suisse dropped his price target for the company to $13 from $21, while lowering his rating from neutral to underperform. Mr. Woodworth cited increased competition over the coming years as the primary headwind facing X stock.The bearish behavior in United States Steel illustrates an important concept: news follows price. X shares have been broadcasting an ominous message for the past year by falling from $47.64 to $20. That was before yesterday's beatdown. With falling 200-day, 50-day and 20-day moving averages, the path of least resistance was already lower. Tuesday's downgrade simply sped up the stock's demise.On the options trading front, puts reigned supreme all day long. Activity ballooned to 452% of the average daily volume, with 166,691 total contracts traded; 63% of the trading came from puts.The heightened anxiety drove implied volatility higher to 55%, placing it at the 51st percentile of its one-year range. Premiums are officially pumped but resist the urge to sell puts. The trend is simply too bearish for any contrarian nonsense. Disney (DIS)The mouse house got its magic back. So says yesterday's analyst-inspired breakout which carried DIS shares to a fresh five-month high. In a research note, Cowen analyst Doug Creutz raised his price target from $102 to $131 while modifying the firm's rating from market perform to outperform.He cited a "powerful pipeline of product" set for release this year as the reason for his optimism. The breakout positions DIS stock for a retest of its record high at $120.20 in the coming weeks.On the options trading front, bulls ruled the day with calls outpacing puts by a wide margin. Total activity grew to 175% of the average daily volume, with 178,180 total contracts traded. Calls accounted for 64% of the sum. * 7 Vulnerable Stocks to Watch On Brexit News and Trade Wars Implied volatility edged higher to 25% placing it at the 42nd percentile of its one-year range. Premiums are now baking in daily moves of $1.85 or 1.6%. Advanced Micro Devices (AMD)With profit-taking striking the Street, Advanced Micro Devices finally succumbed to gravity. The 4.5% descent marks its largest down day in two weeks and is providing what looks to be an attractive buying opportunity. I didn't find any news of note, so let's chalk the selling up to register-ringing to lock-in profits.The price action for AMD stock has toed the bullish line ever since its January earnings release kicked off the uptrend. Moving averages of all-time frames are rising to confirm buyers' dominance, and trend momentum is holding steady. Multiple support zonesOn the options trading front, the selloff failed to launch put trading past calls. The activity ended slightly higher than usual at 105% of the average daily volume, with 341,636 total contracts traded. Calls accounted for 59% of the day's tally.Implied volatility continues to drift higher ahead of the April 24 earnings release. It now sits at 63% or the 42nd percentile of its one-year range. Options are pricing in daily moves of $1.09 or 4%.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 * 2 Toxic Pot Stocks You Should Avoid * 10 Medical Marijuana Stocks to Cure Your Portfolio * 8 Best Stocks to Buy for an April Rally * Top 20 Stocks to Buy for 20-Somethings! Compare Brokers The post Wednesday's Vital Data: United States Steel, Disney and Advanced Micro Devices appeared first on InvestorPlace.
Bank of America analyst Timna Tanners double downgraded U.S. steel from a buy to a sell rating. She joins the "Halftime Report" traders for the "call of the day."